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We find Fintech news from around the world and share it with you here.

Several Reports Indicate Bitcoin Cash is Victim of Double Spend Attack

Multiple reports this weekend indicate that Bitcoin Cash (BCH) is the victim of a double spend attack or 51% attack. A double spend attack is exactly what it sounds like. You can spend “money” twice. For a good explanation of how this may occur with… Read More

Israel’s Intelligence Agency Mossad Looks to Invest in Fintech, AI, Blockchain Startups & More

Israel’s intelligence agency Mossad is moving deeper into venture capital. The agency has launched a new website for its venture arm Libertad – a name derived from Latin that means Freedom. It is also the name of a ship that carried Jewish immigrants setting sail… Read More

European Central Bank Paper Addresses Crypto Assets and Impact on Financial Stability

As part of their ongoing “Occasional Paper Series,” the European Central Bank (ECB) has published a missive entitled, Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures.” The paper was produced by the ECB Crypto-Assets Task Force. The ECB has monitored digital… Read More

China: WeiyangX Fintech Review

Fintech Research Institute of People’s Bank of China Starts Recruiting Blockchain Talent The Fintech Research Institute, established by the People’s Bank of China (PBOC), has posted several job vacancies about blockchain on recruitment website Lagou.com. Shenzhen Fintech Research Institute is a unit jointly established by… Read More

GlobalCoin: More Details Emerge Regarding Facebook’s Forthcoming Stablecoin

A new report reaffirms that leading social platform Facebook is planning its very own cryptocurrency. The BBC has entered the mix by providing new details on the digital coin dubbed GlobalCoin for its international approach. The “Stablecoin” is expected to launch in Q1 of 2020,… Read More

Seedrs Comments on Loot Following Announcement the Fintech Has Gone Into Administration

At one time, Loot had all the appearances of a promising young Fintech. Launched in 2014, in January of this year, it was reported that the Royal Bank of Scotland (RBS) had taken a 25% stake in the startup as it prepared to launch a new… Read More

Theresa May is Out. Brexit Worries Rise as Uncertainty Increases Risk Meanwhile Fintechs Persevere

Long-embattled Prime Minister Theresa May has announced she will depart her office on June 7th thus initiating a scramble as to who will replace her in a historically important time for the UK. The ramifications of Brexit are profound and inestimable. But it is clear… Read More

Loatian Central Bank Reiterates Total Ban on Cryptocurrencies

The Central Bank of Laos’ Transaction System Management Department is reminding businesses and the public that the buying, selling and/or use of cryptocurrencies is banned in the country, English-language Laotian newspaper The Vientiane Times (VT) reports. The warning has reportedly been issued after the department noticed ads… Read More

Insurtech: Do We Need a New Model for Insurance?

Technology has changed us; it’s undeniable. It’s a safe bet to say that technology is going to continue to change us too.  It will continue to revolutionize how our society lives, works, plays, and transact business.  Today, 57 percent of the world’s population is now… Read More

Tel Aviv University Partners with Controversial Entrepreneur Moshe Hogeg to Create Hogeg Blockchain Research Institute

Tel Aviv University and  Moshe Hogeg have joined to launch the Hogeg Blockchain Research Institute. Hogeg is not without controversy having been the target of several lawsuits. Hogeg is the founder of Sirin Labs that raised a reported $158 million in an initial coin offering…. Read More

Loot Digital Current Account App Shuts Down, Seedrs Crowdfunding Round is No More as Company Goes into Administration

Aspiring Fintech Loot has shuttered its doors and gone into administration. According to a statement posted on their website, Loot has hired Henry Anthony Shinners and Adam Henry Stephens of Smith & Williamson LLP to handle the dissolution. The Royal Bank of Scotland (RBS) was… Read More

REITBZ Tokenized Real Estate Investment Offer by BTG Pactual Closes Tomorrow (May 24)

REITBZ, a security token offering (STO) backed by real estate in South America, is scheduled to close tomorrow (May 24). The STO is the creation of BTG Pactual, the largest private investment bank in South America with This is the first security token backed by… Read More

UK Report: In 2018, 10% of All Equity Funding Went to Fintech Companies

The UK is a hotbed of Fintech innovation and a leading global hub of finance – both the analog and digital kind. Brexit has put this prominence in question as European barriers re-emerge. But between robust government support and a vibrant ecosystem which is well… Read More

German Crowdfunding Platform aescuvest Raises €1 Million in Funding Round

aescuvest, a Germany based crowdfunding platform serving the healthcare market, has received a €1 million investment from a group of investors, according to a note from the firm. This is aescuvest’s first external round of financing. Mutschler Ventures AG, which specializes in start-ups, the holding… Read More

Founder of Cryptopia, New Zealand Crypto Exchange Felled by Hackers, Readying New Exchange

Adam Clark, a self-taught programmer who founded the now liquidating “decentralized” cryptocurrency exchange Cryptopia, already has a new exchange in the works, Decrypt Media has found. Clark’s LinkedIn profile lists him as “Platform Architect / Lead Developer at Assetylene.co,” a company in September of last year… Read More

French Digital Asset Association Gears Up to Champion Digital Assets in Europe and Beyond

Riding on the wings of the success of the Paris Blockchain Week, members of the French Association for the Management of Cryptoassets have decided to set up a larger and more formal association to take their endeavor to the next level.  Today, the founding members… Read More

Mixer Down: Cryptocurrency Anonymizing Service Shut Down by Europol

Police in the Netherlands and Luxembourg have seized six servers hosting Bestmixer.io, “one of the three largest mixing services for cryptocurrencies.” The seizures, cooperatively executed by the Dutch Fiscal Information and Investigation Service (FIOD), Europol and the authorities in Luxembourg, have resulted in the complete shutdown… Read More

Fintech Unicorn Transferwise Raises $292 Million at $3.5 Billion Valuation: No Need to Go Public as there is an Ocean of Private Capital

Fintech Unicorn and stealth bank Transferwise has raised $292 million at a valuation of $3.5 billion. According to multiple reports, Transferwise has doubled its valuation in contrast to its last funding round. The round was said to be over-subscribed. Transferwise last raised capital at a… Read More

Digital Bank Tandem Partners with Brightside to Provide Education at Local Schools

Challenger bank Tandem has formed a partnership with “social mobility charity,” Brightside, to educate the youth on financial management. According to Tandem, a pilot program has been launched to deliver a program to a North London school to students aged 16 to 18 “offering a… Read More

InvestCloud Appoints Will Bailey as Chief Strategy Officer

Global fintech InvestCloud announced last week it has appointed Will Bailey as its new Chief Strategy Officer. According to InvestCloud, the newly-created role will see Bailey head up development on emerging product initiatives, which includes leading a strategic product team to apply the latest technology, from… Read More

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