September 21, 2019 @ 12:03 pm By Omar Faridi  |  

Ravi Menon, head of the Monetary Authority of Singapore (MAS), the nation’s central bank, has warned that Facebook’s controversial stablecoin project Libra raises significant global financial risks, which must be addressed by regulatory authorities.  Menon joins a growing list of regulators throughout the world who’ve… Read More

September 21, 2019 @ 11:52 am By Omar Faridi  |  

South Korean digital asset exchange Upbit announced on September 20 that it will delist several privacy-oriented cryptocurrencies including Monero (XMR), Dash (DASH), and ZCash (ZEC). Upbit’s management noted in a blog post that it would also cease trading for PIVX, a privacy-focused proof-of-stake (PoS) currency… Read More

September 20, 2019 @ 3:40 pm By Omar Faridi  |  

“Bank-As-A-Service” platform MatchMove has reportedly finalized an agreement with MoolahSense, a licensed peer-to-peer (P2P) lending firm. The deal involves a strategic stake, which will take effect immediately. CEO of MoolahSense Lawrence Yong noted: “We are excited to partner with MatchMove to launch a risk-mitigated ‘on-tap’… Read More

September 20, 2019 @ 2:11 pm By Omar Faridi  |  

China’s capital Beijing and global financial hub Shanghai have topped the list of cities that are recognized for fostering a rapidly evolving Fintech industry. This, according to a semi-annual survey performed by Shenzhen-based think tank China Development Institute (CDI) and London-headquartered think tank Z/Yen Partners…. Read More

September 20, 2019 @ 11:24 am By Omar Faridi  |  

India has slashed its corporate tax rates in order to encourage companies to make investments and help grow the nation’s struggling economy. Indian finance minister Nirmala Sitharaman noted that the base corporate tax rate would be reduced from 30% to 22%.  Shortly after the announcement,… Read More

September 20, 2019 @ 11:10 am By Omar Faridi  |  

Deutsche Bank has acquired a 4.9% stake in Deposit Solutions Gmbh, a Hamburg-based firm that develops accounting software for the real estate and financial services industry. Both parties have decided not to share details regarding the volume of the investment. CEO and founder of Deposit… Read More

September 20, 2019 @ 9:41 am By Omar Faridi  |  

The US House Financial Services Committee is planning to ask the Securities and Exchange Commission (SEC) to provide additional information about a litany of topics including cryptocurrencies and Facebook’s stablecoin project Libra. Other topics include the discussion on private markets vs. public markets as well… Read More

September 18, 2019 @ 10:46 pm By Omar Faridi  |  

North Carolina-based blockchain development firm Kaleido, a part of ConsenSys’ venture studio, has reportedly become the first to integrate cryptocurrency privacy company QEDIT’s zero-knowledge proof (ZKP) solution. Founded in 2016, Tel Aviv-headquartered QEDIT’s management noted (on September 15) that their partnership with Kaleido will allow… Read More

September 18, 2019 @ 8:17 pm By Omar Faridi  |  

London-based firm Aventus Systems, the developer of a fair and secure blockchain-powered event ticketing platform that aims to eliminate fraud, announced its latest code release Aventus Classic, which helps to create an equitable and transparent ticketing industry. The developers of the Aventus Network noted that… Read More

September 18, 2019 @ 4:26 pm By Omar Faridi  |  

ConsenSys founder Joseph Lubin announced at the Ethereal Tel Aviv press conference (on September 15) that his New York-based venture studio is launching a new product, Codefi, for the emerging decentralized finance (DeFi) ecosystem. Lubin, a computer science and electrical engineering from Princeton University, remarked:… Read More

September 18, 2019 @ 4:16 pm By Omar Faridi  |  

The Bank for International Settlements (BIS), a financial institution owned by central banks which “fosters international monetary and financial cooperation,” has published a research paper that recommends building regulatory processes into blockchain-enabled financial markets.  Authored by Raphael Auer, the principal economist for the monetary and… Read More

September 18, 2019 @ 10:02 am By Omar Faridi  |  

Malta-based Binance, the world’s largest crypto asset exchange by adjusted trading volume, has invested in Mars Finance, a Chinese media and data source company. Although the exact amount invested has not been shared publicly, the company is valued at $200 million, according to a press… Read More

September 17, 2019 @ 8:09 pm By Omar Faridi  |  

Boston-based real estate firm AssetBlock has introduced a new platform for trading commercial properties that are associated with tokens issued on the Algorand blockchain. The platform’s developers revealed on Tuesday that the new trading solution allows investors to access various real estate properties such as… Read More

September 17, 2019 @ 7:56 pm By Omar Faridi  |  

Hedera Hashgraph, a decentralized public network where “anyone can carve out a piece of cyberspace to transact, play, and socialize in a secure, trusted environment,” has released its mainnet. Supported by Fortune 100 companies including Boeing, IBM, and the Telekom Group, Hedera Hashgraph aims to… Read More

September 17, 2019 @ 7:48 pm By Omar Faridi  |  

San Francisco-based firm Harbor has decided to help companies tokenize existing securities, instead of assisting them in issuing security tokens. On September 16, Harbor’s management announced that it has issued Ethereum-based tokens that represent $100 million worth of shares in four real estate funds.   The… Read More

September 17, 2019 @ 1:11 am By Omar Faridi  |  

Germany’s largest financial institution, Deutsche Bank, is reportedly joining the Interbank Information Network (IIN), a blockchain-powered platform developed by JPMorgan, the world’s sixth-largest bank. IIN’s pilot was released in 2017, with the goal of reducing the number of international payments rejected due to errors. According… Read More

September 16, 2019 @ 4:54 pm By Omar Faridi  |  

The developers of HTC’s blockchain smartphone are reportedly adding support for Bitcoin Cash (BCH). HTC’s management announced on Monday that they’ve teamed up with Bitcoin.com, a Tokyo-based blockchain and fintech firm founded by crypto entrepreneur Roger Ver. The partnership between the two companies involves adding… Read More

September 16, 2019 @ 4:06 pm By Omar Faridi  |  

The Real Estate Institute of Queensland (REIQ) is partnering with local tech firm Igloo, in order to develop a blockchain-powered tenancy agreement platform. The software solution is expected to launch by the end of this year, according to a company release. REIQ general manager Josh… Read More

September 16, 2019 @ 11:46 am By Omar Faridi  |  

Seattle-headquartered Bitcoin kiosks and ATMs provider Coinme raised $1.5 through a Series A-1 financing round, which included contributions from the Blockchain Finance Fund, and San Francisco-based Ripple company’s initiative Xpring, which builds infrastructure for innovative blockchain projects. The funds raised will be directed toward acquiring… Read More

September 16, 2019 @ 8:36 am By Omar Faridi  |  

Security token offering (STO) platform Neufund has received regulatory approval from the Financial Monetary Authority in Liechtenstein to offer securities to retail investors.  The first retail issuer on Neufund is Greyp, an electrical mobility platform that is backed by Porsche, Camel Group and T-mobile. Neufund… Read More