While ransomware attacks regularly cripple companies ranging from local hospitals to electronics giant Foxconn, financial firms are a particular concern.
-
-
With Ripple’s $10 million donation, Mercy Corps strengthens its bet on crypto
The nonprofit has already joined forces with the Libra Association and Celo Foundation to use blockchain technology to bring the poorest into the global financial system
The fintech-friendly nonprofit connects some of the world’s poorest people to “resources and opportunities they need to build strong, stable livelihoods that can withstand future challenges.” Last year it helped some 28 million people in 40 countries struggling with economic instability, natural disasters, and conflicts.
-
Sen. Mike Crapo wants acting Comptroller of the Currency Brian Brooks to create “clear rules of the road” for the cryptocurrency industry (Photo: U.S. Senate/OCC)Senate banking chair: U.S. should lead in crypto innovations
Sen. Mike Crapo took note of former Coinbase lawyer Brian Brooks’ activity at the Office of the Comptroller of the Currency in moving to create “clear rules of the road” for the crypto industry
Brian Brooks, who left his position as chief legal officer of cryptocurrency exchange Coinbase to take up the reins at the Office of the Comptroller of the Currency, has been active in helping the industry make nice with banks that have long avoided it.
-
CBInsights State of Fintech report reveals some opportunities for crypto companies
Unprecedented levels of growth in eCommerce could be an opportunity for crypto-focused companies to reduce friction in digital payments
The State of Fintech Q2 2020 report, produced by CBInsights, estimates that eCommerce could represent 27% of U.S. retail sales in 2020—two-thirds higher than in 2019. According to the report’s authors, reducing friction in payments will be crucial as levels of online spending remain heightened.
