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Cryptocurrency Tax Evasion: Separating Fact from Fiction

It’s one of the common attacks you’ll hear on cryptocurrency: the technology is designed for tax evasion and nothing else. While the cryptocurrency ecosystem has added millions of new investors in recent years, the space still faces the same tired attacks. In August 2021, the Nobel Prize-winning economist Paul Krugman claimed that ‘…tax evasion an...

/regulation /crypto Cryptocurrency Insights

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Will Variable Recurring Payments kill direct debits?

The world of consumer banking received an innovation boost when the EU regulation PSD2 enforced the rails for Open Banking. This disruptive force offers new ways to streamline payments and is predicted by Juniper Research to handle more than $116 billion in global payment transactions by 2026. Innovations such as Open Banking often have a domino e...

/security /payments

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Data Literacy – the critical pillar in Digitalization and Innovation

Introduction Data Literacy is the ability to read, write, understand, and communicate with data effectively so that information is used to enable quick business decisions and business outcomes. To put it simply, Data Literacy is really about the skills and competencies to work with data and information. The need for Data Literacy today is extremel...

/retail

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What Does Market Capitalization Mean in Crypto?

Crypto market cap is one of the most important indicators for evaluating and ranking cryptocurrencies. It is because the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. Cryptocurrency market capitalization is an indicator that measures the total value of a cryptocurrency. The stock market cap i

/startups /crypto Cryptocurrency Insights

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UK Businesses threatened by rising insolvency threat

According to a report from the Office for National Statistics, there were over 5,600 registered company insolvencies between April and June. This represents a 13% increase on the previous quarter and an 81% rise from Q2 2021. Weakening consumer demand and soaring costs, in addition to a volatile economic climate, are wreaking havoc for businesses....

/payments /people

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Crypto News: Ethereum launches testnet and Google partnership with Coinbase

Google partners with Coinbase to accept crypto payments. Google announced a new deal with Coinbase that will allow a subset of customers to pay for cloud services with cryptocurrencies. It will take effect in early 2023. The co-founder and CEO of Coinbase, Brian Armstrong, said they are excited that Google Cloud has selected Coinbase as its strat

/crypto Cryptocurrency Insights

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Where next for banks on their rock-strewn cloud journey?

The banking sector was not quick to take the cloud model to its heart. A combination of heavy investment in legacy systems and an in-built cultural reticence around letting go of on-premises control may have been to blame. But those early faltering phases on the cloud journey are now over, largely due to a change in the risk appetite from CISO’s. ...

/cloud /devops Banking Architecture

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Should Consumer Lenders Migrate Towards SMEs?

It seems pathetic to compare America’s 1800’s westward migration to a well-funded fintech expanding its product suite. But that’s exactly what I’m doing. 150 years ago, moving west to find greener pastures (and perhaps even gold), was a road touted with hopes, dreams and extreme danger. One could remain in the built up eastern towns of New York o

/startups Banking and Lending Solutions

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What Is Cryptocurrency Mining?

Blockchain networks use mining to create and validate new blocks of transactions and secure the network. Simply put, cryptocurrency mining is a process of creating new digital coins. Bitcoin and many other blockchain networks use the Proof of Work (PoW) consensus algorithm for cryptocurrency mining. Proof of work is a system where computers compe...

/crypto /markets Blockchain Observations

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Accelerated Settlements - want to get ready for T1? Then it is already time to plan for T0

The journey of US Settlements has progressed significantly over the last couple of decades - from T+3 in 2008, to T+2 in 2017. It has received a further thrust with recent recommendation of the Depository Trust & Clearing Corporation (DTCC) for moving to T+1, by H1 2024. This is a logical continuation of accelerating settlements as...

/regulation /markets Banking Regulations

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