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Tag Archives: Cryptocurrency

Top cybersecurity threats for the banking industry in 2020

Cybersecurity is one of the biggest concerns that financial institutions have today, especially with increased digitization exposing them to greater risks from hackers. Here are the top cybersecurity risks for financial institutions in 2020. Mobile and web banking – while apps and online banking make it easy for consumers to …

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Cybersecurity and banking: 3 trends to watch in 2020

The threat of financial losses, regulatory consequences and reputational damage has spurred financial institutions to innovate and accelerate in the field of cybersecurity. However, the intersection of cybersecurity and banking can feel like a major battle. As soon as one vulnerability is addressed, another is created. Combine this with the …

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Video: Top FinTech trends for 2020

The advancement of technology has been a consistent driver of business development, and 2020 will be no different. Here’s a quick look at the top FinTech trends for the coming year. Russia creates the first blockchain consortium Pureplay digital operators to process USD 14 trillion in B2B payments by 2023 …

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Video: WealthTech and millennials

CB Insights analyst Matt Wong gives a brief overview of WealthTech and millennials relationship with it. Banks must embrace fintech to survive 5 innovative Mobile Banking apps for SME customers Experts predict Kazakhstan’s 2019 FinTech trends

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Kyrgyz universities to offer programs on blockchain and cryptocurrencies

Universities in Kyrgyzstan will soon start offering programs that include the foundations of blockchain and cryptocurrencies. Kyrgyz Economic University was the first in the country to make such a move, partnering with the Chinese company Digital Asset Exchange. Training provided through the partnership is expected to enhance the qualifications of …

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FinTech development can bloom in absence of oversight

The lack of regulations governing many areas of FinTech in Russia is providing many great opportunities for FinTech startups to test innovative new solutions that might be difficult to test elsewhere, particularly in the more-regulated West. This is especially true in three areas: peer-to-peer (P2P) lending, collective investments and cryptocurrency. …

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Video: 4 predictions for FinTech in 2019

FinTech has become increasingly influential in markets around the world. Here are four predictions for how FinTech will continue to impact our lives in 2019. Infographic: alternative lending options for small businesses Kazakh FinTech business opportunities being driven to other countries EY report: Fintech penetration rates around the world

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Increasing amount of theft at cryptocurrency exchanges

There is an arms race developing between cyber criminals on the one side and cryptocurrency exchanges and regulators on the other side. In recent years, there has been a tripling of money laundering through cryptocurrencies. But perhaps more alarming is the rise in the theft of cryptocurrencies. It is estimated …

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Kyrgyzstan in top 5 for cryptocurrency attacks

Kaspersky Lab has completed a study that shows that Kyrgyzstan ranks in the top 5 in the world for cryptocurrency attacks. According to the study, hackers stole more than USD 2.3 million in cryptocurrency attacks just in the second quarter of 2018. It was reported that attackers convince user to …

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The problem of hidden mining in Uzbekistan

One of the most common cyber threats in Uzbekistan is hidden mining. Although there are still threats associated with the more traditional unknown downloading and installation of a mining program onto user computers, hackers and programmers have become more ingenious in recent years. Uzcert and ESET (a company specialized in …

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Why cryptocurrency exchanges are hacked so often

Last year, at least five major cryptocurrency exchanges were hacked, resulting in the loss of hundreds of millions of USD. The fault for such hacks resides on two fronts: the client side and the server side. On the client side: Cross Site Scripting (aka XSS) allows attackers to use your …

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Video: the dark web

Beneath the surface of the internet exists a largely hidden world – the dark web. Find out what the dark web is and what goes on there in this short video. Infographic: how RegTech savvy are you? 5 Central and Eastern European FinTech trends expected in the next 2 years …

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The problem of Bitcoin’s energy usage

Bitcoin is the world’s first and largest cryptocurrency and is becoming more and more popular. To generate Bitcoins, a “mining” process takes place in which computers perform millions of calculations in an attempt to out-mine others and “win” a Bitcoin. The problem, however, is that this process consumes massive amounts …

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Denmark to use a cryptocurrency to help developing countries

Denmark is planning to use a cryptocurrency to provide humanitarian assistance, the first such instance of a donor state using blockchain technology for humanitarian efforts. To this end, a report was developed by the Danish Ministry of Foreign Affairs, Sustania Analytical Center and Coinify (Europe’s largest cryptocurrency platform) to examine …

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Blockchain technology: a significant opportunity for Georgia

According to the new ‘Cryptocurrencies and Blockchain: Europe and Central Asia Economic Update’ World Bank report, Georgia experienced a 5.0% growth in digital technology in 2017 and is projected to grow another 4.5% in 2018, putting the country in a position to take full advantage of new digital technologies to …

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Berlin-based online bank to use Bitcoins to issue loans worldwide

The Berlin-based peer-to-peer (P2P) lending platform Bitbond will soon allow its customers to receive loans in bitcoins and other cryptocurrencies around the world. This will help the company bypass the SWIFT system of international bank transfers and provide money to borrowers almost instantly.  It will also save consumers money as …

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Startups are disrupting the payments industry

Payment startups have seen considerable momentum in recent years and are on track for USD 3.8 billion in funding this year. From point-of-sale solutions to money transfers and mobile payments, these startups are changing how electronic payments are made, accepted and processed. There are nine main payment categories in which …

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FinTech World Forum 2018

London is set to host FinTech World Forum 2018, which will take place May 30-31, 2018. The event will feature 25 speaker and more than 300 delegates, speaking on a variety of topics in the FinTech world. Find out more here, or register here. The problem of Bitcoin’s energy usage …

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