Global

July 6, 2020 @ 10:29 am By Samantha Hurst  |  

  HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (OTCQX: HVBTF) announced on Monday it has ordered 200 Bitmain Antminer S17e 60 Terahash per second (TH/s) SHA 256 mining machines as it continues to scale up to next-generation mining power at its green energy-powered bitcoin mining operation… Read More

July 6, 2020 @ 10:23 am By JD Alois  |  

The Crypto Valley Association (CVA), based in Switzerland, has published its “Trusted Key Ceremony Guidelines” a set of best practices designed to help protect digital assets in a safe and secure manner. The project was driven by the CVA’s Cybersecurity Working Group. The CVA has… Read More

July 6, 2020 @ 9:39 am By Samantha Hurst  |  

Contis Group, an alternative banking, payments, and processing provider, announced on Friday it has launched “quick migration” in order to support Wirecard customers. The launch of the quick migration processing comes less than a month after Wirecard filed for bankruptcy last week following the announcement… Read More

July 6, 2020 @ 9:13 am By Samantha Hurst  |  

  Credit Suisse announced on Monday it is expanding its mobile payment options for credit card clients by offering Google Pay. Credit Suisse reported that from mid-August 2020, credit card clients in Switzerland will be able to use Google Pay in addition to existing mobile… Read More

July 6, 2020 @ 9:05 am By JD Alois  |  

The founders of Chosen Bun, a successful UK burger chain since sold, have launched a new brand a plant-based meat substitute called “THIS.” Founders Andy Shovel and Pete Sharman, spent a year and a half developing their product which has generated a good degree of… Read More

July 6, 2020 @ 8:10 am By Omar Faridi  |  

  Expedia has revealed that it will now allow its 700,000+ accommodations to be booked with digital currency payments via Travala.com, a crypto hotel booking platform. Travala.com’s management confirmed on July 6, 2020 that the company had added Expedia’s accommodations to its crypto-powered travel platform’s… Read More

July 6, 2020 @ 7:57 am By JD Alois  |  

Digital bank Starling Bank is offering two new features targeting their growing number of business accounts. First is a US dollar account that allows them to spend directly in pounds or dollars with a single card. The second is a “Business Toolkit” that includes a… Read More

July 6, 2020 @ 7:47 am By Omar Faridi  |  

The use of stolen and synthetic identities to carry out fraudulent activities increased significantly in 2019, and the COVID-19 crisis might be making the problem even worse, according to a recently published  Identity Fraud Report from Javelin Strategy & Research. Financial losses due to identity… Read More

July 5, 2020 @ 8:00 pm By JD Alois  |  

Hong Kong as jurisdiction was slow out of the gate when it came to Fintech innovation. But this initial hesitancy was soon made up by a dedicated public-private partnership determined to establish Hong Kong as a top Fintech hub – a successful move. InvestHK, a… Read More

July 5, 2020 @ 7:17 pm By Omar Faridi  |  

Village Capital helps company founders and business owners through its accelerator program. There are 11 early-stage Fintech firms that will be taking part in Village Capital’s investment-readiness program, called Finance Forward Europe. The initiative is part of Finance Forward, which is a multi-year global coalition… Read More

July 5, 2020 @ 5:11 pm By Omar Faridi  |  

Switzerland-based InCore Bank, a “one-stop” B2B transaction bank (founded in 2007), has reportedly enabled fiat on-ramps for digital asset exchange Kraken’s European customers. Europe’s retail and institutional clients can now purchase cryptocurrencies like Bitcoin (BTC) and Ether (ETH) through Kraken by using their fiat money… Read More

July 5, 2020 @ 4:07 pm By Omar Faridi  |  

Transactions made with virtual cards are on track to more than triple in the next five years. Digital cards are expected to process $5 trillion in transactions by 2025, according to a new report from Juniper Research. This year, virtual card transactions are projected to… Read More

July 5, 2020 @ 2:07 pm By Omar Faridi  |  

Vitalik Buterin, the co-founder of Ethereum (ETH), the world’s largest smart contract platform, recently admitted that he would have approached the ongoing development of Ethereum a lot differently if he started building it now from scratch. Buterin, whose comments came during a recent episode of… Read More

July 5, 2020 @ 12:55 pm By Omar Faridi  |  

  The global Fintech industry is being transformed by the COVID-19 outbreak and resulting socio-economic problems and challenges, according to a recent report from CB Insights. As mentioned in the report, the first quarter of this year was quite difficult for the financial services sector… Read More

July 5, 2020 @ 12:53 pm By Omar Faridi  |  

Cardano’s native crypto token, ADA, might get listed on San Francisco-based digital asset exchange Coinbase by the end of this year. ADA investors will soon have the option of staking their digital assets via Coinbase Custody. A representative from IOHK (Input Output Hong Kong), the… Read More

July 5, 2020 @ 12:30 pm By Omar Faridi  |  

Millennials, who are people born in the early 80s to the mid-90s, have increasingly been adopting smartphone-based Fintech apps offered by Robinhood and innovative digital banks like Revolut. In addition to more actively managing their finances through the latest technology when compared to older generations,… Read More

July 5, 2020 @ 12:19 pm By Xu Gao  |  

2020 CB Insights China Fintech 50 List Released On June 29th, CB Insights China announced the first CB Insights China Fintech List (the List) at the “Future of Fintech China” summit in Shanghai. Fintech companies were evaluated based on a unique DPTC system, namely Depth,… Read More

July 4, 2020 @ 5:53 pm By Omar Faridi  |  

Dr. Deep Datta Ray, a  Visiting Senior Fellow at the S. Rajaratnam School of International Studies (RSIS), Nanyang Technological University (NTU), Singapore, writes that Qatar’s opportunity creation in the “new normal” (following the COVID-19 outbreak) is in Fintech, aviation, and digitization. He notes that Qatar’s… Read More

July 4, 2020 @ 4:45 pm By JD Alois  |  

Jan Marsalek, the former COO of Wirecard AG (WDI:DE) who was fired from his job when €1.9 billion went missing, may have never traveled to the Philippines in late June as records he entered the country were apparently faked, according to a report by Reuters. Marsalek pulled… Read More

July 4, 2020 @ 3:57 pm By Omar Faridi  |  

Ethereum (ETH) currently stands and maintains its position as the world’s most significant blockchain despite the recent surge in gas prices (gas is used to power transactions and other forms of economic activity on Ethereum). The value or market cap of the Ethereum blockchain increased… Read More