PYMNTS

FEBRUARY 16, 2020

Binance Holdings has applied for an operating license in Singapore under the country’s new payments legislation, which aims to be a comprehensive regulatory agency for digital currencies. Blockchain-based social media platform Steemit has partnered with the Tron foundation to bring users to Tron.

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PYMNTS

JULY 14, 2019

And the operator of BitFunder, a defunct trading platform that was denominated in bitcoin, and WeExchange was sentenced for obstruction of justice as well as securities fraud, CoinDesk reported. The slide deck was reportedly leaked through social media by an accountant. at the World Bank.

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blockchain Bitcoin Fraud social media 140

PYMNTS

JUNE 24, 2019

Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm based in Paris with a membership roster of countries such as China and the United States, has said it will boost its examination of digital currencies with an eye on money laundering.

Regulation 129

Regulation social media cryptocurrency United States 129

PYMNTS

SEPTEMBER 11, 2019

Pump and dump is a type of fraud that manipulates the price of an asset through a rush of high-volume purchases by fraudsters. Meanwhile, cryptocurrency payment processor BitPay has been accused of blocking donations to Hong Kong for several weeks. The surge artificially inflates demand, and then the actors dump their tokens.

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PYMNTS

AUGUST 13, 2019

The Securities and Exchange Commission (SEC) has announced fraud charges against a Brooklyn individual and two of his entities who allegedly engaged in a fraudulent scheme to sell digital securities to investors and to manipulate the market for those securities. The agency is looking to freeze at least $8 million of the $14.8

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Operations social media Bitcoin Security 115

PYMNTS

JUNE 5, 2019

Think of the Apple iPhone, and thoughts are likely to turn to matters involving social media, selfies, family photos, mobile commerce and even payments. The alleged theft ring operated in 34 states, but it remains unclear how many phones and legitimate customers were involved or impacted. Targeting Dead People.

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PYMNTS

SEPTEMBER 11, 2019

Cryptocurrencies — Facebook’s Libra included — face at least some new headwinds as they target a mainstream embrace. It should be noted here, too, that the social media giant has tried to make the leap into financial services before. In reference to the regulatory climate, don’t expect it to ease anytime soon.

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social media cryptocurrency Regulation United States 116

PYMNTS

JULY 1, 2019

It is unknown how many people were tricked by the scam, but before Facebook took it down, the post had more than 37,000 social reactions, 8,100 comments and nearly 5,000 shares. Ignatov is accused of a conspiracy to commit wire fraud, a crime that could see him serve a maximum of 20 years in jail.

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PYMNTS

MARCH 16, 2018

Those who claim that all cryptocurrencies are a pyramid scheme haven’t seen anything yet. On March 16, 2018, a federal court cracked down on four individuals behind a cryptocurrency pyramid scheme. To generate revenue, participants had to recruit other new participants who would also pay the enrollment fee in cryptocurrency.

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PYMNTS

JULY 10, 2019

Despite the pervasiveness of digital identity in everyday life, concerns surrounding digital ID security continue to make headlines, with billions of dollars lost to fraud. South Korea’s Financial Services Commission (FSC) has approved blockchain operator ICONLOOP’s my-ID system to protect data collected for digital identities.

Apple 158

Apple social media Knowledge Base Mobile 158

Qudos Bank

FEBRUARY 15, 2024

Phishing scams are usually enacted through email, social media or via SMS, and involve scammers using messages with malicious links designed to steal your usernames, passwords and other sensitive information. If someone wants you to pay them in cryptocurrency, and cryptocurrency only, then you should be on high alert.

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cryptocurrency social media Online Security 52

PYMNTS

JUNE 6, 2019

Dutch billionaire John de Mol, who created the reality TV program “Big Brother,” is suing Facebook for allowing fake ads which used his name and image to commit bitcoin-related fraud that swindled 1.7 De Mol’s lawyers accuse the social media giant of failing to prevent the ads, as well as not responding fast enough to complaints.

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Qudos Bank

MAY 17, 2023

Phishing scams are usually enacted through email, social media or via SMS, and involve scammers using messages with malicious links designed to steal your usernames, passwords and other sensitive information. If someone wants you to pay them in cryptocurrency, and cryptocurrency only, then you should be on high alert.

cryptocurrency 40

cryptocurrency social media Online Security 40

PYMNTS

MAY 3, 2020

Block.one, which is behind the EOSIO (EOS) protocol, now has a patent for a blockchain-based bidding system for promotional exposure for social media, according to Cointelegraph. The system could possibly monetize every single social media post on a given network for operators as well as content creators.

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social media Arizona Capital Colorado 131

Gonzobanker

DECEMBER 14, 2023

The Financial Branding Quote of the Year Award – goes to Piper Sandler’s Scott Hildenbrand : “Every bank has a peer group to compare their financial ratios, but bank leaders should also have a social media peer group.” The Holy Crap Operational Risk Award – goes to the growing threat of ransomware with bank technology vendors.

Fintech 195

Fintech Community Regional Technology 195

PYMNTS

JANUARY 1, 2021

Indian FinTech Cashaa and the country's United Multistate Credit Cooperative Society teamed up to launch what they say is the world's first cryptocurrency bank branch through a joint-venture bank called Unicas, according to a release. The operation also will provide traditional banking services, according to the backers.

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PYMNTS

FEBRUARY 16, 2019

The Crystal City, Virginia HQ2 plans are still underway, as are plans for a new operations hub in Nashville. His commentary about bitcoin over the years has included the words “stupid” and “a fraud,” along with threats to fire any employee caught trading it. Dimon’s version of that explanation had slightly more profanity intermixed.

Apple 143

Apple Payments New York Mobile 143

Abrigo

JANUARY 31, 2023

Takeaway 2 Banks should be proactive in understanding fraud trends and FinCEN priorities to prepare for future rulemaking. Increased fraud According to the Federal Trade Commission , consumers lost more than $5.8 billion to fraud in 2021, a 70% increase over the prior year. That represents nearly 2.8

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PYMNTS

FEBRUARY 19, 2018

Oh, and cryptocurrencies too. According to the indictment, “in order to maintain … accounts at PayPal and elsewhere, including online cryptocurrency exchanges, defendants and their co-conspirators purchased and obtained false identification documents.”. The operatives were said to have bought advertisements that ran on U.S.

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Fraud Data social media Security 120

PYMNTS

JULY 15, 2019

It has been about a month since Facebook pulled back the curtain on its vision for Libra – a blockchain-backed cryptocurrency with the lofty aim of connecting the 1.7 The concept behind the project is to draw a hard and fast line between the Libra rails and the currency they support – and the social media network that is Facebook.

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PYMNTS

JULY 17, 2020

Security investigators discovered cybercriminals committed alleged cryptocurrency fraud Wednesday (July 15) after hackers seized control of the Twitter accounts of political figures, executives and celebrities. Blockchain records show the scammers received more than $100,000 worth of cryptocurrency, Reuters reported.

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