China: WeiyangX Fintech Review

Top Story

People’s Bank of China Digital Currency Research Institute and Didi reached a strategic cooperation to explore the application of digital currency The Digital Currency Research Institute of PBC and Didi Travel have officially reached a strategic cooperation agreement to jointly explore the innovation and application… Read More

Bitcoin’s (BTC) Correlation with Gold Weakens, but Strengthens against S&P 500 Stock Market Index in June 2020: Report

Bitcoin (BTC), the flagship cryptocurrency’s correlation with gold has weakened following the COVID-19 outbreak and resulting economic uncertainty. However, the digital asset’s correlation with the S&P 500 stock market index appears to be getting stronger, according to research report from crypto exchange Kraken. Kraken Intelligence,… Read More

Crypto Derivatives Exchange LedgerX and Options Benchmarking Specialist T3 Propose New Bitcoin (BTC) Volatility Index

LedgerX, a regulated cryptocurrency derivatives exchange, will be partnering with T3 in order to launch a new Bitcoin (BTC) volatility index. Zach Dexter, CEO at LedgerX, said that, initially, the index will just be a reference for digital asset traders. LedgerX and T3, a research-focused… Read More

Narinder Khattoare, CEO at Kuflink, Says UK Investors are Returning to Real Estate backed P2P Investments

Narinder Khattoare, CEO at Kuflink Group, a platform that connects borrowers with lenders, by providing a steady flow of accessible finance and competitive interest rates, claims that UK-based investors are returning to real estate backed peer to peer (P2P) investments. Khattoare noted that investment inflows… Read More

London based Cogress, a Property Investment Firm, to Begin Lending Soon as it Prepares to Secure £5.5 Million in Capital

London-based Cogress, a leading property investment company, confirmed that it’s getting ready to begin lending soon as the company prepares to secure £5.5 million in capital through its investors, after finalizing several new deals. Cogress raises funds via private equity, hotel investments, and mezzanine debt…. Read More

Don’t Mess with Texas: Texas State Securities Board Issues C&D to Loudmines & Swiftminex Crypto Offerings

Texas State Securities Board has issued two emergency cease and desist orders against cryptocurrency investment offerings. One is for Loudmines and the other is for Swiftminex. Both entities are ostensibly based in Houston, thus the Board ironically stated there may be a problem. LoudMines is… Read More

Digital Asset Security Firm NGRAVE Raises Over $430K, Claims It’s the “Most Successful” Hardware Wallet Pre-Sales Campaign Ever

NGRAVE, a digital asset security company that claims it has developed the world’s most secure cryptocurrency hardware wallet, has issued an update in which it noted that the project now has 1,225 backers who are based in 72 different countries. The crypto-asset firm has now… Read More

California based Fintech Unicorn Marqeta Might Conduct an IPO, After Raising $150 Million at a $4.3 Billion Valuation

US-based Marqeta Inc, a major payment card issuing Fintech firm whose investors include giant Wall Street investment bank Goldman Sachs, is reportedly planning to work with various investment banks in order to potentially launch an initial public offering (IPO). As reported by Reuters, which cited… Read More

Big Data Predictive Algorithm from Swiss Financial Giant UBS to Determine Probability that a Company is a Target of Activist Investors

Switzerland-based UBS Group AG (UBSG:SW), a multinational investment bank and financial services company co-headquartered in Basel and Zürich and Basel with nearly $1 trillion in total assets, has launched a new Big Data software tool that can predict and quantify the probability of a company… Read More

Monument Bank, a Digital Challenger for the Wealthy, backed by City of London Veterans, is Preparing to Launch After Raising £10 Million

Monument Bank, a new all-digital bank that’s reportedly backed by City of London veterans, is preparing for launch in the coming months. The digital challenger aims to serve the UK’s “mass affluent.” The digital-only bank is currently in the final stages of acquiring a banking… Read More

OnDeck Laying Off Employees – Report

OnDeck (NYSE:ONDK), an online lender serving SMEs, is said to be laying off employees in the midst of a challenging market due largely to the COVID-19 crisis. There have been multiple reports regarding OnDeck’s struggle to keep the Fintech afloat. Last June, OnDeck received a… Read More


Bitcoin Adoption: $1 Million or More in BTC now Held by Over 13,000 Cryptocurrency Addresses

There are currently more than 13,000 Bitcoin addresses that are now holding at least $1 million worth of BTC, according to Glassnode data. You would have to own around 108 BTC, at current prices, to become a US dollar millionaire (in Bitcoin). The number of… Read More

Overfunding: Health Insurance Platform Equipsme Surpasses £500,000 Through Equity Crowdfunding Campaign on Crowdcube

Equipsme, a UK-based startup that is aiming to democratize health insurance by making it an affordable reality for businesses of all sizes, has successfully secured its initial £500,000 equity crowdfunding target on Crowdcube. The company is now offering 4.64% in equity at a £10,922,896 pre-money… Read More

Zilliqa to Work with Binance on Dollar based Stablecoin

Zilliqa, an enterprise-level blockchain platform, says it will work with Binance to bring the BUSD stablecoin onto the Zilliqa network. The BUSD stablecoin, issued in partnership with the Paxos Trust Company, is regulated by the New York Department of Financial Services and audited on a… Read More

Credit Scoring Tool Provider CRIF Realtime Partners UK’s Business Finance Platform, Finpoint, to Speed Up Loan Issuance to SMEs

CRIF Realtime, a credit scoring tool provider for small businesses, has teamed up with UK-based Finpoint, a platform that lets borrowers compare different options anonymously and negotiate directly with finance providers. Both companies aim to work cooperatively in order to speed up the process of… Read More

UK’s Consumer Finance Association Questions Whether Forbearance During COVID-19 Crisis Should be Reflected on Credit Records

The UK’s Consumer Finance Association (CFA), a trade association of non-bank lenders that represents alternative consumer credit providers, recently questioned whether forbearance during the COVID- 19 crisis should be reflected or shown on credit files. The Financial Conduct Authority (FCA) has provided guidelines that may… Read More

Digital Bank Tonik, which Plans to Launch in the Philippines, chooses Mastercard as Payments Partner

Tonik, the very first all-digital banking platform in the Philippines, has reportedly chosen Mastercard as its payments partner as the company gets ready to officially launch its operations later this year. Through the partnership, Mastercard will be supporting Tonik by acting as its Fintech accelerator…. Read More

Opera to Launch Consumer Fintech Products After Completing Acquistion of Digital Finance Bank AB Fjord

The developers of Oslo, Norway-based Opera Browser revealed that they will be launching their first consumer Fintech offering for the European market. Opera, which is now Chinese-owned, said it will be acquiring Fjord Bank, which will help the internet browser developer with accelerating the launch… Read More

U.S. Insurtech Startup Thimble Launches Partner API to Automatically Quote Small Business Insurance Through Any Platform

Thimble, a U.S.-based insurtech startup that helps small businesses succeed on their own terms, announced on Thursday it has released a new API for partners who serve the small business and professional services communities. Thimble reported that With the Thimble API, partners can offer flexible insurance… Read More

Online Lender Lendio Announces Winners of $200,000 in Small Business Grants

Online lending platform Lendio announced on Friday the winners of a $200,000 grant program aimed at helping its small business customers recover from economic hardship caused to the global COVID-19 pandemic. Lendio reported that Through the program, 23 small business owners have been selected to… Read More

Send this to a friend