Tagged: social media

August 17, 2025 @ 2:11 pm By Omar Faridi  |  

In an evolving digital economy, Citigroup’s report, Citi Institute Executive Report: The Impact of X on the Future of Finance, offers a comprehensive exploration of how the social media platform X is reshaping the financial services industry. Released by the Citi Institute, the report delves… Read More

April 2, 2025 @ 10:59 am By JD Alois  |  

Big UK banks and big tech have joined together to commit to battling the ongoing fraud challenge which is impacting the financial services sector. Amazon, Barclays, BT, Google, HSBC, Lloyds, Nationwide, NatWest, Match Group, Meta, Monzo, Santander, and Three joined in signing a statement to… Read More

February 12, 2025 @ 5:03 pm By Omar Faridi  |  

Eric Council Jr. from Athens, Alabama, has confessed to his role in a scheme involving the unauthorized takeover of the U.S. Securities and Exchange Commission (SEC)‘s X account, which was then allegedly used to disseminate false and misleading information and manipulate Bitcoin (BTC) prices. The… Read More

October 7, 2024 @ 9:24 am By Omar Faridi  |  

Digital bank Revolut is reportedly calling for Facebook and Instagram’s owner Meta (NASDAQ:META) to share reimbursement of alleged fraud victims. UK-headquartered Revolut recently released their latest Consumer Security and Financial Crime Report. Revolut explained that the update has revealed that Meta platforms are identified as… Read More

August 25, 2024 @ 11:56 am By Omar Faridi  |  

4 in 5 consumes are spending the most time on X, Telegram and YouTube for crypto, according to an update from CoinGecko. The social media platforms most used for crypto “are X (formerly Twitter), Telegram and YouTube, which represented a combined 84.0% of the crypto… Read More

July 17, 2024 @ 7:59 am By Omar Faridi  |  

Social media may be inspiring a new generation of savvy savers and fiscally responsible young adults, with 74% of Gen Z participating in social media-driven challenges to boost their overall savings, as revealed in the latest NatWest Savings Index. In comparison to other age groups,… Read More

August 1, 2023 @ 10:48 pm By Tony Zerucha  |  

Employee social media communications leave financial institutions at risk, even as U.S. regulators threaten fines, results of a study from compliance services provider Shield and business communications firm LeapXpert show. Only 51% of institutions monitor employee communications over WhatsApp. Even fewer watch SMS, iMessage, LINE,… Read More

April 30, 2023 @ 5:36 pm By Omar Faridi  |  

As Web2 social media platforms continue to grapple with concerns about data privacy, misinformation, and content moderation, many users are turning to alternative forms of social media. Among these alternatives are Web3 social media platforms, which are built on decentralized networks and feature community-driven governance,… Read More

October 17, 2022 @ 7:33 pm By Omar Faridi  |  

  CoinShares, which claims to be one of Europe’s largest and longest-standing full-service digital asset investment and trading groups, recently announced the launch of CoinSharesNFTAI (@CoinsharesNFTAI), a Twitter bot that “utilizes proprietary algorithms developed by CoinShares researchers to estimate the current fair market price for… Read More

October 6, 2022 @ 10:40 pm By Omar Faridi  |  

British teenagers say they go online for help “on everything from hair hacks to video game tips, with one in three (33%) preferring to seek advice on the web to avoid the ‘awkwardness’ of asking someone face to face.” The Lloyds Bank research – which… Read More

September 25, 2022 @ 2:35 pm By Omar Faridi  |  

Account takeover fraud is an alarmingly common type of online crime, which can “affect businesses and individuals alike,” according to an update from SEON. This form of attack tends “to occur when a fraudster poses as an established, genuine client of a business, or as… Read More

August 30, 2022 @ 7:58 pm By Omar Faridi  |  

Data monetization allows social media websites and tech giants across the globe “to accumulate significant revenue from user’s personal information,” according to an update shared with CI. Facebook, for example, earns “up to US$900 per year (£670) by selling each user’s personal information to other… Read More

August 8, 2022 @ 10:30 am By Omar Faridi  |  

We recently connected with Kåre Kjelstrøm, Chief Technology Officer at layer-1 blockchain company Concordium. Kåre, who has an MS in Computer Science from the University of Aarhus, Denmark, is leading the development of Concordium’s blockchain platform – which embeds encrypted ID into on-chain transactions in… Read More

June 7, 2022 @ 7:59 am By Omar Faridi  |  

With Aiia’s new payment feature, Pay by link, it’s easier to provide “seamless” payments for businesses and consumers in whatever fashion the payer prefers – “whether that’s by email, pdf, SMS, letter or even in a social media chat.” The feature is set “to empower… Read More

June 5, 2022 @ 4:56 pm By Omar Faridi  |  

Unstoppable Domains, which claims to be the “leading” Web3 digital identity platform and NFT domain name provider, recently announced the launch of Profile Badges “verified by on-chain activity.” Profile Badges act as a way for users “to build and showcase their digital identity, such as… Read More

February 10, 2022 @ 9:15 am By Omar Faridi  |  

Mark Zuckerberg‘s Meta is teaming up Fintech Chime in order to go after (alleged) Nigerian scammers that the firms claim have been using social media channels to trick or deceive unsuspecting users out of their hard-earned cash. As reported by Newsweek, the lawsuit marks the… Read More

February 8, 2022 @ 9:22 am By Omar Faridi  |  

We recently connected with Seira Yun, the Founder & CEO at Socious, a Fintech/Community App for social change. Seira Yun, a Japanese serial social entrepreneur, full-stack developer, and impact angel investor told Crowdfund Insider that he’s interested in getting more involved in the decentralized/distributed autonomous… Read More

February 3, 2022 @ 11:05 am By Omar Faridi  |  

Realux, which claimed to be a real estate crypto project, reportedly paid social media influencers to support the idea that the initiative might help with addressing the wealth inequality issue by democratizing the real estate industry. However, the Realux project founders and team appeared to… Read More

January 30, 2022 @ 9:18 pm By Omar Faridi  |  

Wise clients across the globe will now have the option to conduct quick, seamless and cost-effective global fund transfers to Weixin users residing in China from 11 different currencies, including SGD, USD and GBP. Wise (LON:WISE), the international tech firm focused on creating the best… Read More

January 21, 2022 @ 8:29 am By Omar Faridi  |  

Meta’s (NASDAQ: FB) two leading social media networks, Facebook and Instagram, are reportedly looking to enter the fast-evolving non-fungible token (NFT) sector. The tech giant will be focusing on making it seamless for Facebook and Instagram users to issue, trade and showcase their NFTs. As… Read More