Integrating cryptocurrencies with conventional financial systems becomes increasingly essential as they become more commonplace. This presents several obstacles to overcome before cryptocurrencies can realise their full potential. For instance, traditional institutions may be hesitant to work with cryptocurrencies due to concerns about money laundering and other illicit activities. Moreover, the technical difficulty of integrating cryptocurrencies with existing banking systems can prove intimidating.
The growth in the crypto markets has attracted players from other industries, including insurance. Cryptocurrency companies need insurance to shield against the risk of digital assets loss through theft, fraud or scams. Crypto insurance is particularly crucial for exchanges and other entities holding significant amounts of assets on behalf of their customers. This creates an opportunity for insurers so long as they can mitigate risks.
Artificial intelligence tools such as ChatGPT have managed to change how things operate in cryptocurrency trading
The tools have provided help to many...
Crypto.com gains regulatory approval from the Bank of Spain, expanding its crypto services in Spain
The company's strong compliance efforts lead to global...
Cryptocurrency pyramid and Ponzi schemes edged out with a staggering $7.8 billion in 2022, according to TRM Labs
Investment fraud involving cryptocurrency rose...
HSBC, Hong Kong's largest bank, has reportedly introduced local cryptocurrency services, allowing customers to buy and sell
The bank offers cryptocurrency ETFs listed...
FTX, a major crypto trading firm, has filed a lawsuit in the United States Bankruptcy Court for the District of Delaware, seeking over $700 million from investment firms it had previous ties with. The lawsuit, filed on June 22, contains 16 counts.
The defendants named in the lawsuit include K5 Global, Mount Olympus Capital, SGN Albany Capital, and individuals Michael Kives and Bryan Baum. They are accused of being involved in transactions that resulted in the transfer of funds from FTX-affiliated firm Alameda Research.
Google Cloud launched AMLAI, an Artificial Intelligence service to detect money laundering after a successful trial with HSBC
HSBC saw increased alerts and...
Bitcoin dominance, a metric that measures the percentage of Bitcoin's market capitalization to the total cryptocurrency market cap, has surpassed the 50% mark.
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Artificial Intelligence has transformed video editing, offering advanced tools and capabilities to enhance the process.
Developers have created various tools and applications that...
