Global

August 29, 2018 @ 12:32 pm By Cali Haan  |  

The Venezuelan state’s push to legitimate its new El Petro cryptocurrency now involves an order to the region’s banks that they must adopt El Petro as a unit of account. According to France 24, a resolution from the Venezuelan Sudeban banking regulator now requires, “Public and… Read More

August 29, 2018 @ 11:06 am By JD Alois  |  

UK based Fintech money transfer service Azimo has partnered with leading African payments business Interswitch Group. The announcement came during a UK trade delegation to Africa arranged by the PM’s office. Azimo was the loan Fintech to join the small group of firms traveling to… Read More

August 28, 2018 @ 4:38 pm By Samantha Hurst  |  

Xoom, an international money transfer service created by PayPal, announced on Tuesday it has formed a partnership with Ria, a Euronet Worldwide subsidiary and global money remittances firm, to offer Xoom customers cash pick-up service at more than 150,000 of Ria’s international network locations. Xoom reported that… Read More

August 28, 2018 @ 8:11 am By Erin Hobey  |  

According to recent research completed by European P2P platform Robo.cash on its investors, even though women are less likely to invest and usually tend to consider investing in their 30s or 40s, their average investments are 40% more than men. “In general, we make no difference… Read More

August 28, 2018 @ 7:43 am By Erin Hobey  |  

UK Investment platform Downing Crowd has launched its second property development bond offer, as part of a 12-month programme to raise £50 million through a range of similar property bonds. This latest bond offer, DDF Property Bond Series Two, offers a choice of two fixed… Read More

August 28, 2018 @ 7:31 am By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has launched a consultation pertaining to Fintech. Switzerland has pursued innovations in finance as beneficial to their banking centric economy. The alpine nation has become prominent in the crypto or initial coin offering sector as many early stage… Read More

August 28, 2018 @ 7:10 am By JD Alois  |  

Seedrs, a leading European investment crowdfunding platform, has formed a partnership with US based investment platform Republic. The details of the arrangement have just been revealed but rumors of a pending arrangement have percolated for months. This is not the first UK / US pan-Atlantic… Read More

August 27, 2018 @ 11:14 pm By JD Alois  |  

Fintech Orca has signed a partnership with MisterTango. Orca wants to be a bridge between crypto and traditional finance or “one app to build your own bank.” MisterTango is a payments platform. The agreement enables ORCA to have the ability to develop solutions for SEPA payment account… Read More

August 27, 2018 @ 8:12 pm By Cali Haan  |  

North Korea, a country more known for its ties to devastating hacks on South Korean crypto exchange than for white hat blockchain development, will evidently host a blockchain conference in Pyongyang this October, The Straits Times reports. The “Korean International Blockchain Conference” is set to take… Read More

August 27, 2018 @ 4:41 pm By Cali Haan  |  

A new bitcoin and crypto-themed hostel has opened in the historical beach town of Paraty, Brazil, Portal do Bitcoin reports. Rooms, meals and tours at “Hostel Bitcoin” can presently be paid for using regular currencies or bitcoin, though hostel proprietor, Alessandro Santos, says he plans… Read More

August 27, 2018 @ 4:04 pm By Samantha Hurst  |  

Berkshire Hathaway, a multinational conglomerate holding company that was founded by American business magnate, investor, speaker and philanthropist Warren Buffett, is reportedly set to buy a small stake in One97 Communications Ltd, the parent of mobile wallet service provider Paytm. According to India’s media outlet… Read More

August 27, 2018 @ 8:35 am By JD Alois  |  

CoAssets Limited, a crowdfunding platform traded on the Australian Stock Exchange (ASX: CA8), has reported its financial results for the full year ended 30 June 2018. According to the company which is based in Singapore, CoAssets experienced its first full year of profitable operations representing… Read More

August 27, 2018 @ 6:57 am By JD Alois  |  

Azimo, a digital money transfer service based in London and Krakow, is set to join Theresa May’s official delegation to Africa – her first official visit to the continent. Azimo is one of 29 companies selected, and the only Fintech, for the visit to Nigeria,… Read More

August 26, 2018 @ 7:57 pm By JD Alois  |  

First announced earlier this month, the World Bank has revealed their first “blockchain bond” or bond-i easily raised A$110 million. Arunma Oteh, World Bank Treasurer, said he was delighted that the “pioneer bond transaction” was well received by investors. The bone was issued using a… Read More

August 26, 2018 @ 4:12 pm By Cali Haan  |  

Turkish-American economist, professor and blockchain/crypto skeptic Nouriel Roubini spent the 25-minutes allotted him as an opening speaker at BlockShow Vegas this week systematically taking down the sacred cows notions of blockchain crypto. Roubini also had choice words for so-called utility tokens, which he characterized as… Read More

August 26, 2018 @ 2:02 pm By Cali Haan  |  

Two-thirds of all trade volume in crypto- or $6 billion dollars per day- is faked, say researchers at the Blockchain Transparency Institute (BIT), and many of the world’s “top” crypto exchanges aren’t even coming close. The researchers made their conclusions after comparing the order books… Read More

August 26, 2018 @ 1:31 pm By Cali Haan  |  

The head of Russia’s Main Directorate for Drug Trafficking, Andrey Khrapov, has asked the country’s legislators to require that all cryptocurrency transactions exceeding 600 000 rubles ($900 USD) be registered with or monitored by Russian authorities, Izvestia reports. Mr Khrapov reportedly contacted the Ministry of… Read More

August 25, 2018 @ 3:05 pm By Cali Haan  |  

Following invitations issued by local politicians last fall, the regional government of Leningrad in northwestern Russia has now announced the opening of the country’s, “largest data processing centre…designed to extract digital currency,” Bitcoin News reports. The 4000 square metre “crypto mine” and its 3000 machines… Read More

August 24, 2018 @ 4:23 pm By Cali Haan  |  

Thailand’s central bank, the Bank of Thailand (BOT), has announced it is trialing a version of R3’s distributed ledger system, Corda, as a means of making wholesale funds transfers more efficient. R3’s distributed ledger will also be used by the BOT to issue a wholesale Central… Read More

August 24, 2018 @ 2:24 pm By JD Alois  |  

According to a survey from Ripio, users in Latin America overwhelmingly believe blockchain will take over the financial system within the next decade. Ripio is a peer to peer credit network that operates on blockchain. The Ripio wallet has over 200,000 users and is one of… Read More