The Breach of a Face Recognition Firm Reveals a Hidden Danger of Biometrics
Outabox, an Australian firm that scanned faces for bars and clubs, suffered a breach that shows the problems with giving companies your biometric data. Powered by...
Report: 30% of UK Watchdog’s Financial Crime Experts Focused on Crypto Businesses in 2022-23
According to a report, the Financial Conduct Authority, a watchdog for the financial services industry in the U.K., had 30% of its financial crime specialists focused on crypto-asset businesses. Assessments conducted by supervisors in the U.K. found that not only crypto-asset businesses, but nearly all participants in the country’s financial services sector, are susceptible to […] Powered by...
Blackrock Reinforces Tokenization Drive Leading $47 Million Funding Round in Digitization Company Securitize
Blackrock, the largest asset management company in the world, has led a strategic funding round of $47 million in Securitize, a capital markets digitalization company. The round, which had the participation of other financial markets and crypto native companies, shows Blackrock is betting on the transformative capabilities of tokenization for global capital markets. Blackrock Leads […] Powered by...
Tether Q1 2024 Attestation Reveals Record $4.52 Billion Profits
Tether, one of the largest cryptocurrency companies, has recently released an attestation of its financial activity corresponding to Q1 2024. Tether registered a record-breaking $4.52 billion in profits, and disclosed its net equity levels, reporting $11.37 billion as of March 31, 2024. Tether issued over $12.5 billion USDT during this period. Tether Attestation Registers Record-Breaking […] Powered by...
Standard Chartered Warns Bitcoin Price Could Fall to $50K
Standard Chartered Bank has warned that bitcoin’s price could potentially decline to $50,000. The head of digital asset research at the bank attributed this forecast to a mix of crypto-specific factors and broader macroeconomic influences. Additionally, he warned about the risk of liquidation for some spot exchange-traded fund (ETF) positions, emphasizing that over half of […] Powered by...
