The crypto industry is experiencing turbulent times, with crypto winter forcing them to shut down operations and freeze hiring. During this bear market, there has been a lot of news about crypto layoffs. According to a report released on November 14 by CoinGecko, layoffs in the crypto sector will account for 4% of the overall […]
Read full postNever before have digital identities been so complicated. Identities are always changing; it increasingly includes aspects of our digital lives, such as our digital and behavioural identities. This poses more challenges to ID verification in the crypto space with increasing frauds, which is becoming more significant as the industry develops. What is Identity Verification? […]
Read full postSingapore has a supportive cryptocurrency climate as a global leading financial hub. In the realm of fintech, Singapore has supported new businesses. Singapore does so by setting aside funds to grow the sector, under government initiatives to support local firms with a $8.9 million fund for blockchain innovation. Singapore cultivates a balanced environment of government […]
Read full postHigh-end vehicle sales are often a target of money laundering schemes. Expensive vehicle transactions may disguise the handling of illicit funds. Anti Money Laundering (AML) is a term used to detect and deter fraudulent activity. AML regulations dictate that any party involved in vehicle transactions may be subject to heavy penalties, if money laundering occurs […]
Read full postMany people may be confused when it comes to the Source of Funds: “What does it mean?” and “How can I get it”? This article will offer you a precise description of the term as well as an explanation of how it operates. What is the Source of Funds? The term “Source of Funds” […]
Read full postLaunched in October last year, the new cryptocurrency token inspired by the popular South Korean Netflix series skyrocketed in value as investors rode on the hype to relate themselves to the tv series. The developers of $SQUID promised a project where it would replicate the tv series with a play-to-earn game that would require an […]
Read full postAs the adoption of cryptocurrency grows, cryptocurrency-related issues increase as well. Recently, a new argument over the use of unhosted cryptocurrency wallets is currently trending, as they are deemed risky. Most countries are only now realising that introducing anti-money laundering (AML) measures into the realm of private or unhosted wallets is critical to the overall […]
Read full postWhat Is an Atomic Swap? An atomic swap, also known as a cross-chain atomic swap, is the exchange of cryptocurrency from different blockchains. Atomic swaps, also known as atomic cross-chain trading, allow users to exchange cryptocurrencies directly between blockchains without the need for a third party, such as an exchange. Smart contracts are used by […]
Read full postWhat Is Compliance Cost? The term “compliance cost” refers to all of the expenses incurred by a company in order to comply with industry regulations. Compliance costs include salaries for compliance personnel, time and money spent on reporting, new systems required to meet retention requirements, and so on. The repercussions to the cost of […]
Read full postCryptocurrency wallets (crypto wallets) store public and private “keys” which are necessary for crypto currency transactions. These keys are an arbitrary string of random characters, akin to a unique ID number. Keys come in pairs: every public key is paired with a private key, ensuring that customer data is always protected. These keys are necessary […]
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