Forecasts predict cryptocurrency criminals laundering more than $10 billion through cross-chain bridges by 2025, leading to calls for holistic screening solutions. Improved blockchain analytics will b...
Tag: Prevent
Programming languages prevent mainstream DeFi
Decentralized finance (DeFi) is growing fast. Total value locked, a measure of money managed by DeFi protocols, has grown from $10 billion to a little more than $40 billion over the last two years aft...
IMF seeks to prevent crypto growth in Africa
The IMF has called for tighter crypto regulations in Africa in order to stunt any further growth on the continent. The International Monetary Fund (IMF) is using the FTX collapse to its best advantage...
South Korea Revamps Crypto Regulations To Prevent FTX and Terra Repeat
South Korean politician of the People Power Party, Yoon Chang-hyun, proposed amendments to the digital asset safe transaction bill as he believes the existing bill does not guarantee user protection g...
FTX forewarns exchanges to freeze stolen funds to prevent hacker cashing out
FTX announced on Nov. 20 that exchanges should remain alert regarding unauthorized fund transfers from FTX Global and related debtors on Nov. 11. The transfers sent out were through intermediate walle...
Why Preserving Honduras’ Rainforest Will Prevent A Brain Drain
TOPSHOT – Honduran migrants take part in a caravan towards the United States in Chiquimula, … [+] Guatemala on October 17, 2018. – A migrant caravan set out on October 13 from the im...
Epic lawsuit claims Google paid Activision Blizzard $360 million to prevent Play Store rival
Google paid Activision Blizzard approximately $360 million to prevent the troubled publisher from competing directly against the Play Store. The deal was one among at least 24 agreements the search gi...
Is Silvergate In Trouble? Why Didn’t KYC And AML Prevent The FTX Fiasco?
Did Silvergate let FTX and Alameda share funds and bank accounts? Isn’t that illegal? Also, if one of the objectives of KYC and AML procedures is to stop money laundering, why didn’t Sam Bankman-Fried...
Binance CEO Suggests t Principles For Centralized Exchanges To Prevent FTX Fiasco
Irrespective of the analytical lens you choose, you might feel that the recent FTX debacle’s impact is heavier than other unfortunate past incidents, especially because it happened when the market was...
Here’s how the CFTC could prevent the next FTX
FTX declared bankruptcy this month with $900 million in assets against $9 billion in liabilities. Its founder and former CEO, Sam Bankman-Fried, is being questioned by police in the Bahamas, and many ...
Exchanges Rush to Prevent FUD as Contagion Fears Mount
The community negatively views centralized exchanges due to the recent FTX saga, as Exchanges try to prevent FUD amidst fears of contagion. It is a challenging phase for centralized exchanges as they ...
How To Prevent The Next Student Loan Crisis
WASHINGTON, DC – MAY 12: Student loan borrowers gather near The White House to tell President Biden … [+] to cancel student debt on May 12, 2020 in Washington, DC. (Photo by Paul Morigi/Ge...
EU Approves First Monoclonal Antibody To Prevent RSV In All Children As U.S. Cases Surge
Topline The European Commission on Friday approved the first monoclonal antibody to prevent respiratory syncytial virus (RSV) among all infants and newborns, amid a rise of cases of the highly contagi...
OpenSea Working Hard to Prevent Scammers from Flipping Stolen NFTs
OpenSea worried about NFT scams and aThefts. Since the last few months, crypto thefts and scams are constantly increasing, and several companies are working hard to overcome the risk of thefts and sc...
Emergency Hotfix Deployed to Prevent Disruption to the Lightning Network
After the recent v0.15.3. update to the Lightning Network, a critical security vulnerability was discovered by independent cybersecurity researchers that would potentially allow bad actors to stop lnd...
Bitcoin’s Rally Halted at $21K, This Level Must Hold to Prevent Another Bearish Move (BTC Price Analysis)
Bitcoin is struggling to continue the recent rally, as the price has been retracing over the last few days. However, considering the significant support levels available, the short-term future is stil...
This Is How Jerome Powell Can Prevent A Crushing Recession
After this week’s meeting of the Federal Reserve Board, Chairman Jerome Powell should take a hard look at what’s unfolding in the economy, as well as his own assumptions about monetary policy. This se...
South Korean Regulator To Prevent Money Laundering Attempts Through Crypto
Over the years, the crypto industry has witnessed increasing crimes using crypto assets. This is because transactions with virtual assets require no interference from third parties, making it easy for...
FTX Head SBF Proposes This Solution To Prevent Crypto Hacks
FTX Head SBF Proposes This Solution To Prevent Crypto HacksSBF new approach to prevent hacks October 20, 2022Sam Bankman-Fried has created a framework to limit the impact of hacks and exploits pl...
What is KYC? How Crypto Exchanges Prevent Money Laundering
If you’ve ever used a cryptocurrency exchange or bought an NFT, it’s likely that you will have had to perform a know-your-customer (KYC) check to verify your identity. KYC checks are a key part of the...
The tool to prevent crypto scams
Web3 Builders, together with OpenSea, announces $7 million in seed funding and the launch of TrustCheck, a free scam prevention tool for anyone transacting with crypto, smart contracts and NFTs. Web3...
Blockchain Bridges Keep Getting Attacked. Here’s How to Prevent It
As these examples suggest, focusing on the shortcomings of bridges while failing to address ground-level security measures is not the way forward. Bridges per se are not the problem; technology is, af...
WHO calls for more international aide to prevent Ebola from spreading beyond Uganda
The World Health Organization is working with Uganda to prevent a deadly Ebola outbreak in the East African nation from spreading to neighboring nations, the global health agency’s chief said on...
Japan to tighten laws to prevent money laundering via crypto by May 2023
The government of Japan is looking to introduce cryptocurrency transfer rules in May 2023 to track money transfers by criminals, according to a Nikkei Asia report on Sept. 27. The government will amen...
Maryland Regulations Prevent Kids From Getting To School
At last, it’s fall. Kids are going back to school, waiting for morning school buses at street corners. But what if the bus doesn’t come? This is what is happening to Tracy and Miranda (not their real ...
FTX CEO Sam Bankman-Fried Says Regulation Could Prevent Next Crypto Contagion
FTX chief executive Sam Bankman-Fried says that more stringent regulatory policy might be what prevents the next 2022-style crypto meltdown. In a new interview on the FTX Podcast, the crypto billionai...
Liz Cheney Introduces Bill To Prevent Stolen Elections—Here’s How It Would Work
Topline Republican Rep. Liz Cheney (Wyo.) and Democratic Rep. Zoe Lofgren (Calif.) released legislation Monday to streamline and clarify how Congress certifies presidential elections, setting the stag...
After a 12% Weekly Drop, BTC Needs to Protect This Level to Prevent Another Crash (Bitcoin Price Analysis)
The past few days have been quite challenging for the entire cryptocurrency, market, and Bitcoin is no exception, standing above $18K. The next few days can be deciding for the mid-term future of the ...
The Crypto App That’s Helping To Prevent Diabetes
The world is suffering from a deadly epidemic that claims more than four million lives globally every year, according to some studies. It’s an incurable disease that causes all kinds of debilitating e...
This App Could Help Prevent Disease While Earning You Crypto
As people continue to lead busier lives, with jobs to juggle, relationships to navigate, and friendships to sustain, people have less time in the day. With a restricted number of free hours each day, ...
Using Financial Censorship to Prevent Crime Could Be Bad for Society
In the society foreshadowed by such schemes, Socrates wouldn’t just be executed – he would never exist in the first place. Crime, Durkheim would argue, represents a frontier of social transformation, ...