According to research from the Green Finance Institute, damage to the natural environment could cause a 12% loss to UK GDP in the future.
Users of 14 popular overseas e-wallets from 9 countries and regions can now make payments in Hong Kong using their home apps through Alipay+, a suite of cross-border mobile payment and digitalization technology solutions operated by Ant International.
Yao Qian, the first director of CBDC development at China’s central bank, is reportedly under investigation for suspected law violations.
The post MATIC Price Preps Trend Reversal With This Morning Star appeared first on Coinpedia Fintech News Amidst the broader market crash, the MATIC price shows an intense correction phase as it reverses from a long-coming resistance trendline. The long-term trend in the Polygon continues with a lower high formation. With hardly any bullish impact seen of the Bitcoin Halving, the MATIC price awaits an altcoin season recovery. Considering the uptrend momentum revives in Polygon, our MATIC price prediction projects a bullish 2024. MATIC Price Performance TradingView The MATIC price trend finally halts the consecutive bearish candle formation with a Doji candle formation at the $0.70 mark. Further, the weekly chart showcases a positive turnaround possibility with a potential morning star pattern. With lower price rejection and a history of bullish reversals from the $0.70 mark, the uptrend could surpass the 23.60% Fibonacci level. This means another bullish attempt for the trendline breakout for an extended uptrend in 2024 is possible. Currently, the MATIC price trades at $0.7183 with a minor intraday growth and a market cap of $7.10 Billion. As a top bluechip crypto and solid fundamentals, the underlying potential is commendable for Polygon. Technical Indicators: RSI: The weekly RSI line shows a bullish turnaround possibility as it stagnates under the halfway line. MACD: The MACD and signal lines in the weekly chart give a bearish crossover and warn of a steeper correction. Hence, the momentum indicators are bearish but showcase a minor possibility of a reversal rally. Will Polygon Regain Bullish Trend? As the broader market gradually grows anxious about a quick recovery next week, the possibility of a bounce back in Polygon increases. Considering the uptrend restarts, the MATIC price could reach the $1.35 mark with the trendline breakout before taking on the $1.5 barrier. On the downside, a break under $0.70 could prove fatal and drop the altcoin to the psychological mark of $0.50.
The transaction fees are the “wild card” for Bitcoin miners, with the current increase representing a crucial revenue boost for BTC miners, according to TeraWulf’s CEO, Nazar Khan.
The trader received a $6.28 million payday trading BONK, $9.51 million trading WIF and $7.04 million from BODEN.
Microsoft and Google's Q2 earnings reports highlight significant revenue and profit increases, driven by their investments and advancements in AI technologies.
PwC, the assurance, tax and advisory services provider, has published a new report revealing what factors impact effective anti-money laundering (AML) practices the most. In its report, titled  EMEA AML Survey 2024: Spotlight on Effectiveness, PwC reveals that many organisations do not feel they have adequate AML operations. In fact, many do not think they are addressing the practicalities of modern AML operations as a result of current and upcoming AML regulations. One-fifth of respondents claimed that a lack of uniformity and application across jurisdictions and industries resulted in ambiguity when it came to entering relationships and transactions. Within the EU, such concerns will likely be alleviated moving forward as the new AML Package gets rolled out in the coming years. Finding the right staff to ensure the right practices in line with regulations are being implemented effectively was also a problem highlighted within the report for 35 per cent of respondents. With operational costs rising by 14 per cent in the past two years, affording the right talent with knowledge on the needed tech has become even more of a challenge than it previously was. Without a stable and strong foundation to build on, implementing novel digital tools – AI and otherwise – in AML teams would not bring about the desired improvements in effectiveness and efficiency. Understanding how firms are responding Imran Farooqi, EMEA anti-financial crime leader at PwC Imran Farooqi, EMEA anti-financial crime leader at PwC United Kingdom and co-chairman of the editorial board said: “AML frameworks, policies and actions will be a cornerstone of any financial centre that wishes to be seen as a trusted financial hub. Regulatory frameworks have matured considerably over the last decade, however criminals have also been shown to adapt quickly. “This landmark PwC survey provides invaluable insights into how firms have responded to recent regulatory and technological shifts. While the financial sector is demonstrably rising to the occasion and taking AML seriously, our research also captures the significant challenges firms still face. By understanding these challenges, policymakers and industry can better work together to build a more robust and future-proof AML ecosystem.” Speaking at the launch of the report, Marilin Pikaro, director of the innovation, conduct and consumers department at the European Banking Authority (EBA) said: “Sound AML/CFT governance arrangements, appropriate risk assessment practices, awareness of staff members and timely reporting processes are key to prevent and fight money laundering and terrorist financing (ML/TF). “The European Banking Authority’s role as defined by its legal mandate is to lead, coordinate and monitor the EU financial sector’s fight against ML/TF across the EU.” Now is the time change Sixty-three per cent of respondents are fully confident that their transaction monitoring approach is fit for purpose, although 55 per cent say that the maturity of their systems are an impediment to implementing new technologies. The main driver behind AML investments is to increase the effectiveness of compliance controls, cited by 36 per cent of respondents, with transaction monitoring being the top AML topic to prioritise. Looking at regional trends With regards to digital tools, over half of respondents (55 per cent) expect to spend more than 10 per cent of their AML budget on them, with emerging markets in the Middle East (96 per cent) and Africa (86 per cent) being the most likely to do so than established financial centres. Thirteen per cent of respondents in the Benelux have no plans to invest in digital tools at all, the highest among all regions under study. While all regions are considering implementing AI solutions to their AML operations, financial institutions in the Middle East (93 per cent), Africa (93 per cent), and the Nordics (94 per cent) are the most enthusiastic. Transaction monitoring (79 per cent) and screening (59 per cent) are the main AML functions respondents are planning to use AI for. Michael Weis, anti-financial crime leader at PwC Luxembourg and co-chairman of the editorial board Michael Weis, anti-financial crime leader at PwC Luxembourg and co-chairman of the editorial board said: “Within the EU financial sector, there’s a mixed sentiment towards regulatory clarity and effectiveness. While just over half of firms see current regulations as clear enough, much scepticism remains about the practicalities of implementation. “Despite this, we welcome today the European Parliament’s vote on the EU’s AML package which will address those concerns by helping to create a more harmonised regulatory environment across borders and industries and address some of the operational challenges faced by firms.” The post Uniform Regulations and High End Talent Are Key to Successful AML Operations Reveals PwC appeared first on The Fintech Times.