Specifically, after Flipper Devices’ PayPal account started to receive higher profits from the sales of Flipper Zero, the payment processing company put these funds on hold, leading up to around $1.3 million in inaccessible profit for the manufacturer, Daily Dot reported on September 12. On September 6, the company took to Twitter to express its frustrations: Notably, Flipper Zero is an open-source multi-tool device that can be used for “hacking digital stuff, such as radio protocols, access control systems, hardware and more” although Alex Kulagin, the chief operating officer at Flipper Devices denies it can be used to commit crimes....

In contrast, the researchers noted that fintech wealth manager awareness among UK adults is largely low. In a sample size of 2,000 people, digital wealth manager Hargreaves Lansdown had a consumer awareness rate of 33%. Online investment management platform Nutmeg emerged third with consumer awareness of 30%. Moneybox emerged fourth with an awareness of 23%, followed by Freetrade with 11%. Other brands like Wealthify and Money Dashboard followed with an awareness of 7% each while Wealthsimple had a consumer awareness rate of only 5%....

The award by France-based Equipe Media group will for the first time unveil the NFTs to the winners during the 66th ceremony while the public will have an opportunity to buy other collections related to the prize, French news outlet Le Figaro reported on September 8. Besides giving the NFT award to the best male and female football players, the collectibles will also be available alongside the awards of Kopa Trophy (best hope), Machine Trophy (best goalkeeper), and Müller Trophy (best striker)....

With such a meteoric rise, an opportunity was given to the US to step up and show leadership in the global financial system by finding a way to stay on the cusp of digital currency evolution while protecting consumers, businesses, and the broader financial system. Thus came into being order #14067, “Ensuring Responsible Development of Digital Assets,” signed on March 9, otherwise known as President Biden’s executive order on crypto....

One such REIT is Realty Income (NYSE: O), which has seen steady growth with its vast portfolio of high-quality assets in recent years. On June 14, the company announced that they’re increasing their dividend by 0.2% to a total of $0.2475 per share each month. With the increase, the forward yield now stands at 4.73%, and the first one is payable on July 15 for shareholders of record on July 1....

Despite the government having announced an economic crime plan in July 2019, the report found that there had been a 43% jump in fraud and computer misuse between June 2019 and June 2021, increasing the financial toll on consumers and taxpayers. The committee emphasized the government’s responsibility to victims who had fallen for “fraudulent online adverts, impersonation scams and dodgy crypto investments,” and a push for urgent reforms to guarantee reimbursements for them....

This announcement comes a month barely after Richard Davies, Revolut’s CEO of banking, said that the startup would be relocating its regulatory payment operations to Lithuania and Ireland. Almost all of the Revolut for business services will shift from the UK ahead of the expected loss of passporting rights when the UK leaves the EU later in 2020. The Services Revolut expects to secure a banking license before the end of this year, according to a report published in The Sunday Times....

In a statement, the organization stated that the emails indicate that former SEC official William Hinman was cautioned about a conflict of interest with his old firm Simpson Thacher. Empower Oversight filed for the release of the emails, stating that it could prove the SEC was selectively enforcing laws for the crypto sector. The organization argued that there is a possibility that the SEC was promoting some cryptocurrencies over others....

Indeed, the speculations mount that the opposing parties would settle the case in which the SEC is accusing Ripple of illegally selling the XRP token, which the regulator considers a security, and the settlement will likely define which cryptocurrencies are viewed as securities under U.S. laws. Catastrophic implications? As the market awaits the ruling of the presiding judge, Cardano (ADA) founder Charles Hoskinson believes that the outcome of the judgment in the Ripple case could have ‘catastrophic’ consequences for the general crypto sector after he was criticized for his stance on the issue....

Amid the lingering uncertainty, the case recently took a twist after Ripple filed a motion opposing a filing by “Investment Banker Declarant,” who is seeking to keep certain information private, including his name, position, and employer. The individual had previously submitted a declaration supporting the SEC’s summary judgment motion. However, in the latest update, defense attorney James Filan revealed in a tweet on January 25 that the “Investment Banker Declarant” filed a response to Ripple’s opposition to their motion....

The TVL is a metric that represents the number of assets that are being staked in a particular protocol. Security concerns Despite the impressive starting TVL of the Shiba DEX, DeFi experts raised concerns over the safety of the project. The DeFi Safety, which reviews the processes and transparency of crypto projects, gave the protocol a score of just 3%, which is far too low compared with other DEX projects such as Loopring, which has a score of 82%, Gnosis DEX, which has a score of 91%, and Bancor with a score of 96%....

At the same time, the cryptocurrency community at CoinMarketCap retains its bullish attitude for the end of the opening month of 2023, projecting that Shiba Inu would trade at an average price of $0.00001102 on January 31, 2023, as per the data retrieved on December 30. If the community’s predictions, the accumulated result of 1,137 member votes cast by press time, end up correct, this would represent an increase of +$0....

Speaking to Kitco News, Lurio suggested that Silver was rendered ‘dead money’ as investors opted for Bitcoin while ignoring the precious metal alongside gold. He notes that investors were trading silver as a precious metal leading to the inability to break out. His sentiments come after silver gained by over 4% this week while projecting the possibility to go higher. At the same time, he suggested the precious metals are breaking out citing copper’s surge from the past week....

The ASX is currently reviewing several ETF applications, and the first product will potentially launch by the end of the year, sources close to the matter have told Business Insider. According to ASX executive general manager Max Cunningham, the exchange is spending more time looking at digital assets amid rising mainstream adoption. Cunningham notes that the current popularity of digital assets is worth exploring the sector. The official further clarified that with the huge demand for digital assets in Australia, other related crypto products would have good reception....

The crypto wallet will have the capacity to store several forms of digital assets, including cryptocurrencies, non-fungible tokens (NFTs), and other blockchain-powered tokens that may be used for identity verification, Korea JoongAng Daily reports. In particular, the digital wallet tech developed by the Seoul-based start-up Atomrigs Lab will serve as the foundation for the wallet service while the service’s product development and ongoing operation will be managed by SK Telecom and AhnLab Blockchain Company respectively....

Notably, not a single SPAC was issued in July, according to CNBC’s calculations of SPAC research data. It appears market participants have turned their backs on SPACs as these equities with no track record commanded lofty valuations. Ultimately, most SPACs failed to meet expectations, which is one of the main reasons they’re no longer a hit in the markets. In essence, SPACs merge with a high-growth company that is looking to avoid the traditional initial public offering (IPO) process....

According to an official Europol’s statement, the seizure was made in the framework of Operation FERRO, a high-level law enforcement operation against an organised crime group involved in large-scale drugs trafficking. As per the press release: Operation FERRO was carried out in several phases At the beginning of the operation investigators identified an organised crime group, composed of Spanish, Colombian, and Dominican nationals, involved in large-scale trafficking of cocaine, hashish, and marijuana....

According to the latest figures provided by Layoffs tracker, which tracks all tech startup layoffs since the coronavirus was declared a pandemic on March 3, 2020, almost 100,000 employees have been laid off. In particular, 95,850 employees have been laid off from 629 startups, with the largest increase in the number of workers laid off occurring during the first few months of the epidemic, between March and May 2020. However, the total number of people laid off has continued to rise since then despite vaccine rollout....

Speaking during an interview with Stansberry Research on September 9, Horwitz stated that the Fed and the government are responsible for the fraud mainly through taxation without representation. He also slammed the two entities for exploiting citizens through taxation, yet they don’t make money translating to the dollar devaluation. Role of fiat in rising inflation According to Horwitz, the mismanagement of the fiat system is responsible for the skyrocketing inflation while calling on investors to prepare for a market collapse....

In a statement, RBC said the income was driven by the growth of its capital markets and wealth management segments. During the quarter, the bank also released some reserves meant to cover loan losses. RBC also posted C$2.76 ($2.29) per share during the quarter, but analysts had projected C$2.48 ($2.05) price per share. Furthermore, the lender also registered pre-tax earnings of C$5.1 billion ($4.23 billion), up 11% from a year ago....