Global

February 17, 2019 @ 5:03 pm By Cali Haan  |  

Brazilian cryptocurrency exchange Bitblue has received a notice from Bradesco bank stating that the bank will close all Bitblue-associated accounts on February 26th, Portal do Bitcoin reports. Bitblue, for its part, with the assistance of The Brazilian Association of Crypto and Blockchain (ABCB), has asked the… Read More

February 17, 2019 @ 1:48 pm By Cali Haan  |  

A hacker that posted 620 million individual’s data for sale earlier this week on the Dark Net marketplace “Dream Market” has now added the private data of an additional 127 million people, including 450 000 users of the Israel-based crypto exchange, Coinmama, TechCrunch reports. The… Read More

February 16, 2019 @ 1:38 pm By JD Alois  |  

Last week, one of the big Fintech news stories was that JP Morgan Chase (NYSE:JPM) was issuing its own stablecoin anointed JPM Coin. The fact that an old school bank was embracing blockchain tech and going crypto caught the attention of traditional finance and disruptive… Read More

February 16, 2019 @ 8:50 am By Xu Gao  |  

Beijing to Start to Test “Personal Credit Score” System On January 30th, the “Opinions on Strengthening the Management of Fine Urban Management” was officially announced. According to the document, Beijing will start to test a “Personal Credit Score” system to raise the awareness for integrity… Read More

February 16, 2019 @ 8:24 am By JD Alois  |  

Yesterday, TokenMarket, a “Global investment platform” announced its intent to raise up to £10 million in a security token offering (STO). Perhaps the most interesting aspect of the forthcoming STO is the fact that TokenMarket will be issuing the securities under the watchful eye of the UK Financial Conduct… Read More

February 15, 2019 @ 11:19 am By JD Alois  |  

Today, the European Commission adopted the 2018 edition of the General Report. According to the Commission, this fulfills its legal obligation under the Treaty on the Functioning of the European Union. The report shows how the EU is delivering on its commitments to Europeans. The Commission… Read More

February 15, 2019 @ 9:57 am By JD Alois  |  

The Clubs DiR gym chain has closed a funding round of €550,000 via Crowdcube. The funding will provide needed capital to finance its twenty-fourth club, BDiR Calvet, which is expected to open its doors in 2019. Crowdcube reports that, in total, 142 people invested with… Read More

February 15, 2019 @ 1:51 am By Cali Haan  |  

An executive at HSBC has claimed the global bank’s new distributed ledger system for settling Forex trades is 25% more efficient than previous systems, Reuters reports. The system, HSBC FX Everywhere, is reportedly handling 3500-5000 foreign currency trades per day, though HSBC would not confirm what… Read More

February 15, 2019 @ 1:34 am By JD Alois  |  

FinTech Australia, the leading advocacy group for financial innovation in Australia, has changed tack. According to a widely distributed email, FinTech Australia is: “… moving past pure disruption and is starting to build a collaborative ecosystem where corporates, startups and incumbent institutions work together to foster… Read More

February 14, 2019 @ 8:51 pm By Samantha Hurst  |  

Canadian cryptocurrency platform Coinsquare announced on Thursday it has acquired global decentralized cryptocurrency exchange, StellarX. The acquisition of StellarX reportedly comes on the heels of Coinsquare’s December 2018 acquisition of BlockEQ, which will be rebranded to become the anchor wallet for the StellarX platform. According to Coinsquare, StellarX… Read More

February 14, 2019 @ 2:39 pm By JD Alois  |  

The Bank of England (BoE) has published its Supervision of Financial Market Infrastructures (FMIs) – Annual Report. And inevitably buried within there are some interesting comments when it comes to innovations in finance. The Bank regulates FMIs in three broad categories: payment systems, central securities depositories… Read More

February 14, 2019 @ 9:56 am By JD Alois  |  

Nomo Banking, an App based banking service targeting freelancers, has added Raisin’s service to its platform. The bank will now offer its customers multiple options for overnight accounts and fixed-term deposits via Europe’s #1 deposit marketplace. Raisin currently provides access to over 65 different products… Read More

February 14, 2019 @ 8:52 am By Samantha Hurst  |  

Ant Financial Services Group (Ant Financial), a China-based tech company and the operator of Alipay, has reportedly acquired UK payments firm, WorldFirst, to further advance its global expansion efforts. This news comes less than a couple of months after Ant Financial began acquisition talks. It was… Read More

February 14, 2019 @ 7:47 am By Samantha Hurst  |  

Peer to peer lender Zopa announced on Thursday it has appointed former Virgin Management CEO, Gordon McCallum as new Chairman as it prepares to take on Britain’s largest banks. This news comes just a couple of months after Zopa announced it has received authorization from both the Financial… Read More

February 14, 2019 @ 7:36 am By JD Alois  |  

Online property lender LendInvest is reporting a record month of signed applications. According to the Fintech, in January 2019 they received 428 applications totaling £100 million in value. LendInvest said the volume was due in part to rapid hiring in their lending team The LendInvest… Read More

February 14, 2019 @ 6:56 am By JD Alois  |  

JP Morgan Chase, a traditional bank whose CEO Jamie Dimon famously called Bitcoin a fraud, is issuing its own stablecoin: JPM Coin. According to CNBC, Umar Farooq, Head of JP Morgan’s blockchain projects predicted the JPM Coin may be huge for corporations. “Money sloshes back and… Read More

February 14, 2019 @ 2:08 am By JD Alois  |  

Payments platform Lemon Way is reporting solid growth. The France-based Fintech says it has experienced “astounding growth in Europe with major increases to turnover and new payment accounts for 2018.” Founded in 2012, Lemon Way is a payments provider that has targeted the digital industry… Read More

February 14, 2019 @ 1:04 am By Cali Haan  |  

A “nationwide simultaneous operation” executed in 8 Turkish provinces has netted 24 individuals accused of conspiring to rob 13 million Turkish liras ($2.47 million) from “a cryptocurrency company” in Istanbul, The Daily Sabah reports. After receiving a complaint from the targeted business, law enforcement officers at… Read More

February 13, 2019 @ 11:00 pm By Cali Haan  |  

A civil rights organization in Israel has reportedly written to American crypto exchange Coinbase to advise them that, “…knowingly providing material support or resources to Hamas is a violation of US federal criminal law…” The Jerusalem Post reports. The Israeli newspaper Globes reported last week that an Isreali… Read More

February 13, 2019 @ 3:25 pm By Therese Torris  |  

Düsseldorf-based Fintech auxmoney has surpassed its targets in 2018. Loan volume increased by 74 percent compared to 2017. Raffael Johnen, Founder and CEO of auxmoney, commented: “While the major German banks are in crisis mode, the leading German fintechs are always setting new records. With… Read More