Author Archives: admin

xxx As voice cloning technology has become ever more effective, it is of increasing interest to actors… and cybercriminals. When Tim Heller first heard his cloned voice he says it was so accurate that “my jaw hit the floor… it was mind-blowing”. Mr Heller, a 29-year-old voiceover artist and actor from Texas, does everything fromContinue reading “Voice cloning of growing interest to actors and cybercriminals – BBC News”

xxx FRANKFURT (Reuters) – German prosecutors have confiscated more than 50 million euros ($60 million) worth of bitcoin from a fraudster. There’s only one problem: they can’t unlock the money because he won’t give them the password. The man was sentenced to jail and has since served his term, maintaining his silence throughout while policeContinue reading “Police seize $60 million of bitcoin! Now, where’s the password? | Reuters”

xxx China’s yuan could become world’s ‘currency of choice’ by 2050 under dual circulation plan Market entities will use yuan for cross-border purposes as China’s economy integrates with rest of the world, says ex-deputy central bank governor Hu Xiaolian China’s dual circulation plan places a greater focus on the domestic market, and is its approachContinue reading “China’s yuan could become world’s ‘currency of choice’ by 2050 under dual circulation plan | South China Morning Post”

xxx 70% of the 18-24 age cohort missed or have been late on their loan repayment in the past 12 months. From Younger Adults Are More Likely to Have Made Late BNPL Payments: | PaymentsJournal: xxx

xxx London’s Volt is the latest to catch the investors’ eye, having raised a $23.5m Series A, led by EQT Ventures, with the aim of aggregating this new payment method into one global network. It’s the largest European Series A round in open banking to date. Other London-based companies to raise in the space are fellowContinue reading “Can these payment startups rival Mastercard and Visa? Investors think so | Sifted”

xxx Competition is heating up elsewhere too. The early open banking players like Tink, Plaid and TrueLayer — who began by offering data connectivity  — have now all quickly begun branching into the payments space. From Can these payment startups rival Mastercard and Visa? Investors think so | Sifted: xxx

xxx the U.S. government sees digital identity as a back-burner issue. The United States needs to start treating identity as core to national securit From Digital Identity Is a National Security Issue – War on the Rocks. xxx xxx The federal government should create a Digital Identity Center to work with the private sector andContinue reading “Digital Identity Is a National Security Issue – War on the Rocks”

xxx Under the new Regulation, Member States will offer citizens and businesses digital wallets that will be able to link their national digital identities with proof of other personal attributes (e.g. driving licence, diplomas, bank account). These wallets may be provided by public authorities or by private entities, provided they are recognised by a MemberContinue reading “Commission proposes a trusted and secure Digital Identity”

xxx “This just feels like a bad idea . . . in effect, El Salvador will have two currency regimes operating in the country with control over none of them,” said Bipan Rai, currency analyst at CIBC. From El Salvador becomes first country to adopt bitcoin as legal tender | Financial Times: xxx

xxx Given the state of the “technology providers,” coupled with the complex regulatory environment, it should come as no surprise that financial markets are riddled with inefficiencies. These inefficiencies were only exacerbated by Dodd Frank which was a double down on centralization and many of the problems that led to the financial crisis. From FinTechContinue reading “FinTech 3.0 Re-Architecting Financial Market Infrastructure & DeFi | by John Street Capital | Jun, 2021 | Medium”