Category: Fin Tech
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Sam Bankman-Fried sentenced to 25 years for FTX fraud
The co-founder and CEO of FTX has been sentenced. FTX co-founder Sam Bankman-Fried was sentenced to a total of 300 months, or 25 years, in prison for seven counts of conspiracy and fraud charges stemming from the collapse of the crypto exchange he started. The judge applied a 240-month sentence and a 60-month sentence to…
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Chrome’s Standard Safe Browsing Now Has Real-Time URL Protection
Chrome’s standard Safe Browsing protections now provide real-time malicious site detection and Password Checkup on iOS now flags weak passwords. Google today announced that the standard Safe Browsing protections in the Chrome browser can now identify bad sites in real time. The real-time protection was previously available if the Enhanced protection mode was enabled in…
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South African pension fund attack admitted by LockBit
South Africa’s Government Employees Pension Fund, which is the largest fund of its kind in Africa, was claimed to have been compromised by the LockBit ransomware operation in an intrusion last month that resulted in operational and pension payment disruptions, according to The Record, a news site by cybersecurity site Recorded Future. Advertisement Such claims…
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U.S. Sanctions 3 Cryptocurrency Exchanges for Helping Russia Evade Sanctions
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three cryptocurrency exchanges for offering services used to evade economic restrictions imposed on Russia following its invasion of Ukraine in early 2022. This includes Bitpapa IC FZC LLC, Crypto Explorer DMCC (AWEX), and Obshchestvo S Ogranichennoy Otvetstvennostyu Tsentr Obrabotki Elektronnykh Platezhey (TOEP).…
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Top 10: Banks in the World
Despite a tumultuous 18 months for the sector, banks make up many of the world’s largest institutions. FinTech Magazine takes a look at the big players… Banking endured a rather tumultuous 2023, as the collapse of Silicon Valley Bank and Signature Bank, among others, sent shockwaves through the industry Then there was UBS’ cut-price takeover…
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Ghana says repairs on subsea cables could take five weeks
Ghana’s National Communications Authority said it held a meeting with the four subsea cable landing service providers – Africa Coast to Europe (ACE), MainOne, owned by data center operator Equinix, South Atlantic 3 (SAT-3) and the West Africa Cable System (WACS) – and mobile network operators. Repairs on damaged subsea cables that are causing internet…
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Bitcoin Hits $73K, ETH Faces Downtrend
Crypto Price Today: Bitcoin soared to an astounding $73,000, the surge of 47% in the past monthCrypto Price Today: Bitcoin, the flagship cryptocurrency, has been on a remarkable ascent, defying skeptics and stunning investors worldwide. As it soared to an astounding $73,000, the surge of 47% in the past month and a staggering 199% increase…
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Easiest Ways to Transfer Bitcoin to Bank Account
Bitcoin transactions made easy: Navigating options for seamless conversions to your bank account As the popularity of cryptocurrency continues to grow, individuals are increasingly exploring ways for transferring Bitcoin into bank accounts and converting their cryptocurrency holdings into traditional fiat currency. Various methods exist, each offering unique advantages and considerations. In this article, we will…
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Unveiling the top 10 fintech startups using AI to provide innovative solutions
One key technology driving the fintech revolution is artificial intelligence (AI), which enables startups to automate processes, analyze data, personalize services, and enhance customer experience. Here are the top 10 fintech startups that are powered by AI: 1. KabbageKabbage is a US-based fintech startup providing small businesses with online lending services. Kabbage uses AI to…
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