Crypto crime hit $4.5 billion globally in 2019.
So far this year, losses from thefts and hacks, excluding misappropriation and fraud, grew to $468 million as of end-October, up 30% from $361 million for the whole of last year, the CipherTrace report said. About 20% of those hacks, or roughly $98 million, came from “decentralized finance” or DeFi, which are transactions on platforms that facilitate lending outside of banks.

Brazil suspends Sinovac COVID-19 vaccine trial due to severe adverse event

Nov 10, 2020

The setback to Sinovac’s efforts contrasts with good news from Pfizer Inc PFE.N which said its experimental COVID-19 vaccine is more than 90% effective based on initial trial results.

Insurtech Coherent secures $14mn investment from Cathay Innovation and Franklin Templeton

Nov 10, 2020

The new funding from Cathay Innovation and Franklin Templeton provides Coherent with the ability to invest and rapidly expand its operations and capability..Coherent will add technology and actuarial talent to its growing workforce at its current offices in Hong Kong, Singapore, Shanghai and Manila plus hire new teams in Japan, USA and Thailand. The increased reach will also extend its customer portfolio which currently covers large insurers in Hong Kong, Singapore, Indonesia, Mainland China, Japan, the Philippines, Thailand, Brazil and Myanmar.

Oneglobal Broking sets up Singapore operation

Nov 10, 2020

Oneglobal’s strategy is to build out its operations in Asia, of which the establishment of a Singapore company is a key element and follows its announcement of the opening of Hong Kong in August this year, with further offices and senior broker hires to follow.

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