How Can Fintechs Onboard New Customers While Preventing Fraud by Andrés Abumohor

SimplyVital Receives $225,000 Grant from US National Science Foundation to Research Blockchain Protocols

Brighton, Massachusetts-based blockchain startup SimplyVital Health, Inc. was awarded a $225,000 grant by the US National Science Foundation (NSF) to conduct research on integrating different distributed ledger technologies (DLT). According to the release, SimplyVital will work on integrating the open-source Nexus protocol with the Graphene… Read More

Digital Bank Juno Raises $3 Million in Seed Round, Uses Blockchain Platform for “Decentralized Lending,” Promises Whopping 5.5% Savings Rate

Bank startup Juno has issued a release reporting $3 million in seed funding from some prominent names. The digital banks says it has received the backing of Sequoia, Polychain and Dragonfly. Juno was founded in July 2019 by Varun Deshpande, Ratnesh Ray, and Siddharth Verma… Read More

Decentralized Communication Firm New Vector Raises $8.5 Million to Drive Adoption for Messaging Protocol Matrix

UK-based decentralized communication company New Vector raised $8.5 million to help drive adoption for an alternative messaging protocol, called Matrix. The Matrix protocol has been designed to enable secure communication through end-to-end encrypted messaging platforms such as Riot.IM, which is an alternative to Slack, Telegram,… Read More

Facebook’s Subsidiary Calibra Is Being Sued for Trademark Infringement By Mobile Banking Developer Current

Facebook’s subsidiary Calibra is being sued for trademark infringement by Current, the developer of a mobile banking app. The complaint was submitted on October 10 in the US District Court for the Southern District of New York. It alleges that Calibra’s logo is quite similar… Read More

Fintech Ripple’s Xpring Invests $750,000 to Integrated XRP With BRD’s Crypto Wallet

Mobile wallet developer BRD is partnering with Fintech Ripple’s Xpring to promote XRP adoption. The companies revealed on October 11 that Xpring is planning to invest approximately $750,000 into BRD in order to develop the “internet of value.” As part of the strategic partnership, BRD… Read More

Blockchain-based Trade Finance Platform Marco Polo Is Testing Its First Trade Deal Between Russia and Germany

Marco Polo, a trade finance blockchain that has partnered over 20 banks, is testing its first trade deal between Germany and Russia. The company’s pilot was announced on October 11.  Russian’s Alfa-Bank and Novolipetsk Steel Company (NLMK) will take part in the pilot. Germany’s Commerzbank… Read More

China: WeiyangX Fintech Review

Chinese Banks May Stop Cooperation with Third-Party Data Provider Following Release of a New Privacy Regulation According to reports, People’s Bank of China (PBC) has issued the “Personal Financial Information (Data) Protection Measures (Draft)” to some Chinese banks this week. It is believed that the… Read More

Coinbase Receives E-Money License in Ireland, Company Is Expanding European Operations

San Francisco-headquartered crypto exchange Coinbase is expanding its operations in Europe with an e-money license granted by Ireland’s central bank. On October 11, Zeeshan Feroz, CEO of Coinbase’s UK division, revealed that the digital asset trading platform had become “one of just a few companies”… Read More

tZero Partner Box Exchange Moves Closer to Regulatory Approval for Boston Security Token Exchange

The Securities and Exchange Commission (SEC) has filed a notice regarding Box Exchange, a partner of tZero, pertaining to the launch of the Boston Securities and Token Exchange (BSTX) which is seeking regulatory approval to offer publicly traded security tokens. tZero is a subsidiary of… Read More

Perth Mint Plans to Sell Gold-Backed Crypto Tokens

The Perth Mint, a large “precious metals enterprise” in Australia, has announced it will be issuing, “the first digital gold token on a public blockchain-backed…1:1 by GoldPass certificates issued by The Perth Mint…” No date for when the product will become available has not yet been… Read More

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