Binance.US Halts Dollar Deposits
Just days after the SEC filed a lawsuit against it, Binance's US division announced the suspension of dollar deposits, and its banking partners are preparing...
Flagstar Bank Data Breach Exposes Personal Information of 1.5 Million Customers
US-based Flagstar Bank has experienced a data breach affecting over 1.5 million customers. The incident occurred over two days in December, during which attackers accessed...
Fraudsters Sentenced to Four Years in Prison for Cash Trap Scheme
Two men who employed cash trap devices at ATMs to steal customer withdrawals have been sentenced to a total of four years and six months...
A16z Crypto Launches Its First International Office in the UK
A16z Crypto, the Andreessen Horowitz venture capital fund focused on crypto and Web3 startups, has selected the UK as its first international office outside the...
India Suggests Stricter IT Outsourcing Regulations for Banks
India's central bank, the Reserve Bank of India (RBI), is preparing to implement new regulations for IT outsourcing in the financial services sector. The draft...
Provisions for Unacceptable Risk Now in Effect
The European Union Artificial Intelligence Act (EU AI Act) came into effect on 1 August 2024, representing a significant milestone as the first comprehensive legislation...
Nasdaq Purchases Adenza for $10 Billion
Nasdaq is set to acquire the capital markets software company Adenza from Thoma Bravo for $10 billion, strengthening its role as a "technology company serving...
Caceis Partners with Taurus to Enhance Digital Custody Services
France-based Caceis is the latest asset servicing firm to announce plans for the development of its custody service for digital assets. The custodian, which operates...
UK Finance Reports Significant Increase in APP Fraud
The latest fraud figures released by UK Finance highlight a significant increase in authorised push payment (APP) fraud in 2021, with losses rising by 39%...
Bank of China’s BOCI Launches Its First Tokenized Notes
The Bank of China’s investment banking arm, BOCI, has issued a tokenised security on the main Ethereum blockchain in Hong Kong. BOCI issued CNH 200...