China: WeiyangX Fintech Review

Top Story

The National Internet Finance Association of China Requires Members to Disclose Annualized Lending Costs This week, the National Internet Finance Association of China (NIFA) issued a notice to member institutions about annualized lending costs disclosure and industry discipline. According to the notice, some online lending… Read More

Social Trading Giant eToro Introduces New Language Lira for Enhancing Derivatives Trading

Social trading giant eToro has introduced a new programming language, Lira, which makes it easier for users to engage in derivatives trading. Chief blockchain scientist at eToro, Omri Ross, noted that Lira aims to reduce the risks associated with executing financial contracts while enabling the… Read More

Australian Senate Creates Standing Committee on Fintech & Regtech

Last week on September 11, the Australian Senate decided to establish a “Select Committee on Financial Technology and Regulatory Technology” or a committee to research and follow Fintech and Regtech. According to the Australian Parliament, the committee will inquire and report on the following matters:… Read More

Blockchain Devices Market Is Projected to Grow to $1.125 Billion By 2024: Report

The global blockchain devices market is projected to grow by 42.5% at a compound annual growth rate (CAGR) by 2024, according to a report by Indian consulting firm MarketsandMarkets. Released on September 12, 2019, the company’s report is titled, “Blockchain Devices Market by Type (Blockchain… Read More

Report: Factors Influencing Malaysian Investors to Invest in Peer to Peer Lending Platforms

The Asian Development Bank (ADB), which aims to support social and economic development in Asia, has published a working paper series in which it noted the intention to make investments in decentralized lending platforms in Malaysia is primarily driven by “trust.” The paper points out… Read More

German Government Speaks Against the Authorization of Facebook’s Stablecoin Libra

Germany’s government has spoken against the authorization of the ongoing development of Facebook’s controversial stablecoin project Libra in Europe. Christian Democratic Union parliamentarian Thomas Heilmann, who’s responsible for creating CDU’s policies on blockchain technology, said the German government will not allow projects like Libra to… Read More

Report: Cubans Using Cryptocurrencies to Buy Products Abroad

Some Cubans fed up with being frozen out of global commerce by decades-old US sanctions have started using cryptocurrencies to transact online, Reuters reports. Jason Sanchez, for instance, who runs a cellphone repair shop in Havana, has been using cryptocurrencies to purchase spare parts for… Read More

Tethers Cause Traffic Jam on Ethereum

The unexplained recent migration of almost a billion USD-pegged tether cryptocoins to the Ethereum network has caused 100 000 transactions to get “stuck” in processing there, Trustnodes reports. (Graphic courtesy of Trustnodes) The controversial tether coins have been moving from their native OMNI network and other… Read More

WeWork’s Parent Company Makes Major Changes to Management of Business Operations

We Co., WeWork‘s parent company, is planning to make major changes to the management of its business operations after stakeholders expressed their dissatisfaction with the company’s unusual governance model ahead of its upcoming IPO. The firm’s parent company had initially proposed that 20 votes should… Read More

Gartner: Blockchain Might “Change Retail Business Models Forever,” May Help Avoid Centralization of Markets

Connecticut-based consulting services and research firm Gartner said that distributed ledger technology (DLT) will transform how most businesses operate within the next 10 years. Currently, however, blockchain-based systems are in their early stages of development and it could take several years before the technology has… Read More

Mobile Payments Firm Square Is Preparing to Add Stock Trading to Company’s Cash App

San Francisco-based mobile payments company Square is testing a new feature that allows users to trade stocks through the company’s Cash App.  Square’s employees have been testing out the newly integrated feature, according to Bloomberg. Once it has launched, Cash App users will reportedly be… Read More


Hacker Accused of Selling Unreleased Music of Famous Artists for Cryptocurrencies Arrested in UK

Police from London’s Intellectual Property Crime Unit (PIPCU) have arrested a 19-year-old man they believe stole unreleased songs from the websites and cloud-storage accounts of “world-famous artists” and then sold the music for cryptocurrency. The release does not state where the music was sold nor… Read More

Head of Libra Association Says Facebook’s Cryptocurrency Will Launch in 2020, Renminbi “Will Not Be Part of It”

Bertrand Perez, General Director of the Libra Association says Facebook has no plans to delay the launch of its global (crypto)currency network, despite outcry from global regulators. “We are firmly maintaining our launch schedule, between the end of the first half of next year and… Read More

OnDeck’s Latest Survey Reveals: Economy is Top Concern for Small Businesses Ahead of 2020 Election

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Friday its latest survey reveals that the economy is a top concern for small businesses ahead of next year’s presidential election. According to OnDeck, the survey is the first in a series that the… Read More

WePay Announces Same-Day Deposits to Chase Business Bank Accounts

Payment as a service platform and JPMorgan Chase company WePay announced earlier this week same-day deposits to Chase business bank accounts at no additional cost. According to WePay, the new functionality will help tens of thousands of U.S. small businesses that use platforms like BigCommerce… Read More

Monetary Authority of Singapore’s Chief Fintech Officer Appointed Fintech Advisor to India’s Odisha State

The Monetary Authority of Singapore (MAS), the nation’s central bank, announced on Thursday the appointment of its chief fintech officer Sopnendu Mohanty as a digital and fintech advisor to India’s Odisha state, according to a report by the Times of India. In his new advisory… Read More

Blockchain-Based Financial Platform Prometheum Announces Acquisition of InteliClear Technology

Prometheum, a platform for creating and trading cryptosecurities, recently announced it has acquired a version of InteliClear’s post-trade solution technology. Prometheum reported that the InteliClear technology serves as a “major leap forward” for its mission to become the first compliant end-to-end cryptosecurities trading platform. “InteliClear’s system is… Read More

Update: Diabetes Research Company Gendius Set to Close Crowdcube Round With More Than £475,000 in Funding

Gendius, a UK-based diabetes research company, is set to close its equity crowdfunding campaign on Crowdcube with more than £475,000 in funding from nearly 385 investors. The campaign was launched earlier this summer and quickly raised its initial £400,000 funding target. As previously reported, Gendius… Read More

Coinbase Considering Initial Exchange Offering (IEO) Platform for Asia

Coinbase is considering launching an initial exchange offering (IEO) platform in Asia. This would allow it to launch and broker “a proprietary exchange token” and other tokens in the region, Coindesk reports. The crypto trading platform’s possible plans were announced this week by Kayvon Pirestani,… Read More

Send this to a friend