Omar Faridi

Singapore’s Monetary Authority Head Ravi Menon Says Libra Raises Global Financial Risks

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

Citing Money Laundering Concerns, South Korean Exchange UpBit Delists Privacy Coins Monero (XMR), ZCash (ZEC), DASH

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

MatchMove Finalizes Agreement with MoolahSense to Launch Risk-Mitigated “On-Tap” Credit Solution

“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

Research: Beijing and Shanghai Top the List in Global Fintech Ranking

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

India Slashes Corporate Tax Rates to Encourage Investments and Boost Economic Growth

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

Deutsche Bank Acquires 4.9% Stake in Accounting Software Developer Deposit Solutions Gmbh

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

US House Financial Services Committee to Hold Hearing with ALL SEC Commissioners. Topics Include Cryptocurrency & Facebook’s Libra; Private Markets vs. Public Markets

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

Blockchain Developer Kaleido Implements QEDIT’s Zero-Knowledge Proofs for Private Asset Transfers

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

Aventus Inroduces Ethereum-based Platform to Improve Ticketing Industry

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

Ethereum Development Studio ConsenSys Announces Codefi, A New DeFi Software Suite

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

Bank for International Settlements Recommends Building Regulations into Blockchain-enabled Financial Markets

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

World’s Largest Crypto Exchange Binance Invests in Chinese Media Firm Mars Finance

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

Boston-based AssetBlock Introduces Tokenized Real Estate Trading on Algorand Blockchain

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

Highly Anticipated Hedera Hashgraph Project Launches Its Mainnet

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

Harbor Tokenizes $100 Million Worth of Shares in Real Estate on Ethereum Blockchain

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

Deutsche Bank Joins JPMorgan’s Blockchain-based Interbank Information Network

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

HTC Teams Up With Bitcoin.com, Adds Support for Bitcoin Cash (BCH) on Exodus 1 Blockchain Phone

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

Real Estate Institute of Queensland is Launching a Blockchain-based Tenancy Agreement Platform

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

Ripple’s Xpring Invests in Leading Bitcoin ATM Company Coinme

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

STO: Neufund Receives Approval of Financial Monetary Authority in Liechtenstein, Offers First Compliant Blockchain based Offering to Retail Investors

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

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