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Hackers Breach Nigerian Crypto Trading Platform — BTC and Naira Assets Compromised
29.5.2023
The Nigerian gift card and crypto trading platform, Patricia, announced on May 26 that one of its trading applications had been breached and that BTC as well as naira assets were compromised. The crypto exchange platform said it has since suspended withdrawals and is presently “undergoing...
Binance Accused of Mixing Company Revenue with Customer Money In U.S
24.5.2023
The world’s largest crypto exchange, Binance, has mixed company revenues with customer funds in the US, according to a Reuters report.
The comingling of customer funds and company revenues happened “almost daily” in bank accounts the exchange had at the now-bankrupt crypto-friendly bank...
Binance security boss warns of rise in verification-spoofing AI deepfakes
24.5.2023
The technology is getting so advanced, deepfakes may soon become undetectable by a human verifier, said Jimmy Su, Binance's Chief Security Officer
Reuters Says They Stand by Its Reporting On Binance Commingling Customer Funds
24.5.2023
Reuters says it stands by its reporting following criticism it received from a Binance executive on its story that said the world’s largest crypto exchange commingled customer funds.
In a story published on Tuesday, Reuters reporters said that Binance commingled customer funds with company...
Binance Denies Reuters Report That It Commingled Customer Funds
23.5.2023
Binance is pushing back against a Reuters report that said the world’s largest cryptocurrency exchange commingled customer funds with company revenue in 2020 and 2021.
Binance Chief Communications Officer Patrick Hillmann called the story “weak,” in a five paragraph tweet on Tuesday....
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Binance Blasts 'Desperate' Reuters Report It Commingled Customer and Company Funds
23.5.2023
"We’ve addressed this on multiple occasions. We keep our user and corporate funds on completely separate ledgers," Patrick Hillmann, Binance's chief communications officer tweeted on Tuesday
Binance denies fund mismanagement allegations, calls it ‘conspiracy theory’
23.5.2023
A mainstream report citing multiple insiders claimed that Binance mingled customer's funds with corporate funds at Silvergate Bank
Will’s Casino (One Stop Casino): Crypto Casino for Real Money
20.5.2023
Will’s Casino offers  a wide range of online gambling products such as multiple games and a live casino in a friendly gaming environment. At Will Casino you are more than just a customer and they will always do their best … Continued
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$3M worth of customer funds swiped via alleged Swaprum DEX rug pull
20.5.2023
Promptly after the funds went missing, Swaprum’s Twitter, Telegram and Github accounts were all deleted, however its website is still up
Betting Big on M&A and VC: Binance Eyes Expansion and Enriched Customer Base
16.5.2023
Binance has been working to increase its customer base and influence across several sectors.
A recent report has revealed that the firm is investing heavily in Mergers and acquisitions (M&A) as part of its expansion plans.
Binance chief business officer Yibo Ling, who joined the firm in November...
BlockFi used customer money to buy $30M insurance, creditors claim
16.5.2023
BlockFi said last Friday that it might not generate value for creditors by selling its cryptocurrency lending platform
5 ways AI is helping to improve customer service in e-commerce
9.5.2023
AI is transforming e-commerce customer service through chatbots, personalized recommendations, voice assistants, fraud detection and image recognition
Nigerian Payments Provider Nomba Secures $30 Million in Pre-Series B Funding Round
8.5.2023
The Nigerian payments startup, Nomba, is reported to have raised $30 million via a pre-Series B that was led by Base10 Partners. The new solution is expected to help the startup operate more efficiently and deliver “excellent customer experiences.” Plugging Gaps in Payment Processes...
Major Media Outlets Seek Release of 9 Million FTX Customer Names Despite Scam Fears – What's Going On?
5.5.2023
Major media outlets such as The New York Times, The Financial Times, and Bloomberg have asked the court in FTX’s bankruptcy case to hand over a list containing the names of millions of FTX customers.
In total, the lists the media outlets are asking to get access to contains the names of some...
7 potential use cases of chatbots in banking
4.5.2023
chatbots can offer a convenient and accessible way for individuals to manage their personal finances, fraud prevention and more
FTX Boss Ryan Salame’s Maryland Home Searched by FBI in Unexplained Raid
28.4.2023
According to unnamed sources, the home of Ryan Salame, the former co-chief executive of FTX Digital Markets, was searched by the U.S. Federal Bureau of Investigation (FBI) on Thursday. The grounds for the raid remain unknown, and neither Salame nor his legal representative have offered...
US Banking Industry Still Struggling as First Republic Bank Shares Plummet by Over 30%
26.4.2023
In the midst of a tumultuous week, First Republic Bank is struggling to regain its footing in the financial world. Reports have surfaced that the bank is poised to enter government receivership due to a massive outflow of $100 billion in customer withdrawals last month. This has prompted investors...
C6 Bank’s Climate Tool to Track CO2 Emissions From Customer Transactions Prompts Debate on Future of Banking
14.4.2023
On April 13, a C6 Bank customer in Brazil shared screenshots of his online bank account, revealing that the financial institution was tracking CO2 emissions from his purchases and urging him to compensate monetarily. C6 Bank states that the new tool aims to inspire Brazilians to adopt more...
FTX Finds $7.3 Billion in Liquid Assets; Lawyers Consider Rebooting Shuttered Crypto Exchange
13.4.2023
FTX debtors revealed during a hearing on April 12th that the restructuring team has collected $7.3 billion in liquid assets. The exchange is currently considering a relaunch, according to a lawyer representing the defunct cryptocurrency exchange. Following the announcement, the exchange’s...
9 examples of artificial intelligence in finance
6.4.2023
Discover how artificial intelligence is transforming the financial sector with nine examples of AI in finance