Office of Comptroller of the Currency Encourages Banks to Issue Small Loans to Consumers

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The Office of the Comptroller of the Currency (OCC) issued a Bulletin today encouraging banks to issue small loans to consumers. In past years, banks have shied away from providing credit that was deemed too high risk to pursue and too costly to originate. As… Read More

Overfunding: 1854 Media Secures £400,000 Funding Target in 24 Hours on Crowdcube

1854 Media, a digital media business, successfully secured its initial £400,000 funding in just 24 hours on equity crowdfunding platform Crowdcube. The company previously raised nearly £400,000 through the funding portal in 2016 under the name British Journal of Photography. As previously reported, the publication has… Read More

MOBI Said to be First Cryptocurrency to Facilitate Agriculture Industry with Producers Market Partnership

Mobius (MOBI) has partnered with Producers Market to create a blockchain powered agricultural market where crypto is being accepted for purchases. Mobius says their collaboration creates the first of its kind market where cryptocurrency is accepted between farm and food processor. Producers Market represents farms… Read More

Paypal CFO Talks Venmo Mobile App and Says Paypal Will Transmit Crypto “If it Stabilizes”

After a fairly flat quarter of stock performance in Q1 2018, PayPal CFO John Rainey sat down with CNBC “Mad Money” host Jim Cramer last week to discuss growth of the company, plans for its mobile payment app Venmo and the possibility of enabling crypto… Read More

Bail Bloc Charity Project Mines Monero for Bail

A group of prison abolitionists in New York are asking the public to donate a small amount of computer processing power to mine a cryptocurrency called Monero to benefit a project that bails out prisoners stuck in pretrial detention because they cannot afford bail. “Bail Bloc”… Read More

Draft Legislation Circulates that Would Create a “Federal Financial Institutions Technology Council”

Potential legislation is currently being circulated that may create a new Fintech Council to advocate on behalf of innovation in the financial services industry. The bill, entitled the “Financial Technology Act,” would mandate the creation of a “Federal Financial Technology Council.” (FFITC) As the language… Read More

European Golfer Scott Jamieson Announces Sponsorship From Digital Currency Company LIFELabs.io

European Tour professional golfer, Scott Jamieson, announced this week that he is being sponsored by a digital currency company. The deal with LIFElabs.io is effective immediately and will see the athlete raise the profile of its digital currency, LIFEtoken and support its numerous charitable initiatives around the globe. Founded in 2017,… Read More

US Justice Department Investigating Bitcoin Price Manipulation on Exchanges

Spectacular spoofing and wash-trading practices largely regarded as par-for-the-course among early crypto traders are coming under the scrutiny of the US Department of Justice and its partner, the Commodity Futures Trading Commission, Bloomberg reports. Better regulation of the cryptocurrency markets is largely regarded as a… Read More

Crypto Trading Platform Caspian Announces Partnership With Bitcoin Mercantile Exchange

Caspian, the full-stack crypto trading, portfolio and risk management platform for institutional and sophisticated investors, announced on Thursday it has formed a partnership with BitMEX (Bitcoin Mercantile Exchange) a bitcoin peer-to-peer trading platform, in order to further support and facilitate institutional investment’s move into crypto… Read More

GOAL! Stryking Blockchain Plans STRYKZ GBX Token Sale & Celebrates Recent Awards

Stryking Entertainment GmbH will host its upcoming STRYKZ Token Sale Event in collaboration with the Gibraltar Blockchain Exchange (GBX). Stryking will be among the first companies to issue a token through the GBX GRID, with the token being listed on the GBX Exchange after the… Read More

RegTech Firm NorthRow Selected By UK’s Open Banking Implementation Entity to Verify International Users

NorthRow, a regtech and compliance firm, announced on Thursday it has been chosen by the UK’s Open Banking Implementation Entity (OBIE) to verify its international users. The company reported that this move follows the successful implementation of verification processes for UK users, streamlining services for… Read More


Temenos Launches New Component-Based Platform That Enables Banks to Onboard Customers

On Thursday, banking software Temenos announced the launch of Temenos Origination, which is described as a component-based platform that enables banks to onboard customers and originates products across all segments, channels and devices, offering bank customers a frictionless and contextualized digital experience.  According to Temenos,… Read More

Sberbank Offers More Than RUB 535 Billion in Loans to Russian SMEs Since Start of 2018

Sberbank announced on Thursday it has extended more than ₽535 billion in loans to SMEs since the start of 2018. The bank reported that over the first four months of 2018, lending to SMEs increased by 74.4% vs. the same period in 2017. “Sberbank has… Read More

Singapore Warns Eight Cryptocurrency Exchanges, MAS Halts Single Initial Coin Offering

The Monetary Authority of Singapore (MAS) has issued a warning to eight cryptocurrency exchanges operating in Singapore. The notice told the exchanges NOT to facilitate trading in digital tokens nor future contracts without the explicitly authorization by MAS. The warning targeted security tokens and it… Read More

Visa Announces Strategic Investment in Mobile Payments Platform YellowPepper; Seeks to Accelerate Adoption of Mobile Payments & Tokenization in Latin America

Visa (NYSE: V) announced on Thursday it has made a strategic investment in YellowPepper, a mobile payments platform in Latin America, to help accelerate innovation in digital payment technology. Visa reported that this is the first of its kind for the credit card giant in… Read More

FCA Competition Director Chris Woolard Addresses Financial Crime & Virtual Currencies

Christopher Woolard, Executive Director of Strategy and Competition at the Financial Conduct Authority (FCA), delivered a speech today on the hot topic of cybersecurity, crime and financial services. Delivered at a “TechSprint” in London, Woolard said it was time to bring regulators and tech specialists… Read More

New Robo.cash P2P Lending & Millennials Research & 4M€ Milestone

Alternative lending observes a continuously increasing number of Millennials and Generation Z, according to the Latvian P2P platform Robo.cash. This growth is supported by the interest of young investors in a “simple and comfortable source of additional income” and the positive experience gained at the… Read More

ChronoBank Launches LaborX, a Blockchain based Job Platform

ChronoBank has announced the launch of LaborX, a blockchain-based job platform. LaborX is described as giving job seekers and companies the tools they need to transact quickly, safely, and easily in cryptocurrency. LaborX is integrated into ChronoBank’s multi-currency wallet (ChronoMint) and crypto exchange (TimeX). LaborX… Read More

Revolut Adds XRP & Bitcoin Cash: Offering “Frictionless” Cryptocurrency Exposure to Mainstream Population

Earlier this week Digital challenger bank Revolut asked customers to help name its new and exclusive metal card. Now the maverick platform has moved again from metal to crypto: Revolut customers can buy, hold and sell two more cryptocurrencies instantly within the app. In December last year,… Read More

ADGM Signs MOU with AFSA-AIFC: Bolstering Abu Dhabi and Kazakhstan Financial Market Growth

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and the Astana Financial Service Authority of Astana International Financial Centre (AFSA-AIFC) have signed a Memorandum of Understanding (MoU) during the Annual Conference of the International Organisation of Securities Commissions (IOSCO) held in… Read More

Malta Government to Hold Blockchain Summit this Fall

Silvio Schembri, the Junior Minister for Financial Services, Digital Economy, and Innovation has announced the launch of the government’s first official blockchain event. The Delta Summit will become Malta’s official blockchain event as it seeks to become the blockchain island. Schembri said that the Delta… Read More