Global

June 2, 2018 @ 11:17 am By Cali Haan  |  

In a recent conversation with Brazilian nationals, including a bank manager and an accountant, I was told that Bitcoin is “not popular” in Brazil. That may be about to change. Brazilian site Portal do Bitcoin have reported that representatives from the third largest cryptocurrency exchange… Read More

June 2, 2018 @ 10:45 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Department of Economic Affairs in India have signed a Memorandum of Understanding (MOU) to further Fintech cooperation between the two countries. Singapore has an extended history in establishing bilateral relationships regarding its pursuit of Fintech growth.  The… Read More

June 1, 2018 @ 2:00 pm By JD Alois  |  

Binance, one of the largest cryptocurrency exchanges in the world, has announced a $1 billion blockchain fund to help finance crypto startups. The news was apparently revealed in an online conference yesterday that announced the establishment of a social impact fund of US$1 billion that will… Read More

June 1, 2018 @ 1:31 pm By JD Alois  |  

The Autorité des Marchés Financiers in France has appointed a new executive for the relatively new Fintech division. Domitille Dessertine, who was involved with the creation of the new division two years ago, is the new Director of the Fintech, Innovation and Competitiveness Division (FIC) for… Read More

June 1, 2018 @ 12:01 pm By JD Alois  |  

EOS, described as an operating system on which scalable Decentralized Autonomous Communities, or “DACs,” can easily be built, launched, and governed, is ready to go. The company seeks to “empower communities to create the next era of disruptive organizations.” In a Tweet, EOS announced that… Read More

June 1, 2018 @ 8:52 am By JD Alois  |  

Israel and the United Kingdom have signed a new “landmark” agreement designed to strengthen entrepreneurial and innovation ties between the two countries. Israel is a country with more startups per capita than anyplace else outside Silicon Valley. A unique culture and acceptance of risk taking… Read More

June 1, 2018 @ 8:26 am By Clayton Moore  |  

When Overstock (NASDAQ:OSTK) became the first major retailer to accept Bitcoin for payment in 2014, the move raised eyebrows. Four years later, cryptocurrencies still struggle with being seen as “fake” money, exacerbated by boom and bust headlines and regulatory uncertainty. The fastest path to legitimacy?… Read More

May 31, 2018 @ 11:15 pm By Cali Haan  |  

Earlier this month we reported that Venezuela tired to increase demand for its new and controversial state cryptocurrency, El Petro, by offering India a 30% discount on oil purchased with the currency. Venezuelan officials reportedly travelled to several potentially sympathetic countries earlier this year trying… Read More

May 31, 2018 @ 2:56 pm By Cali Haan  |  

Venezuelan customs officials have been blocking imports of cryptocurrency mining equipment arriving in the country by land and by sea since April, Noticiero Digital and El Interes reports. GPU and ASIC rigs, related cards and processors, power packs and even mobile phones are reportedly being swept… Read More

May 31, 2018 @ 2:31 pm By JD Alois  |  

According to multiple reports, the Finance Committee of the Knesset convened a special meeting yesterday seeking to postpone a law regulating cryptocurrency exchanges. The original law was said to take effect on June 1 but was delayed by four months. Recently, the Israeli Ministry of… Read More

May 31, 2018 @ 9:08 am By Erin Hobey  |  

Last week Robo.cash surpassed a €4M investment milestone and briefly commented on new studies conducted by its analytical center.  Today the Latvian P2P lending platform Robo.cash tweeted a detailed infographic and Founder and CEO Sergey Sedov explained the findings on TechBullion: the younger generation of investors who consider P2P lending… Read More

May 31, 2018 @ 8:35 am By JD Alois  |  

Fig, a “community publisher” who provides investment crowdfunding in games like Pillars of Eternity 2: Deadfire, Phoenix Point and Wasteland 3, has announced the acquisition of Ownage, Ltd., a UK-based blockchain company. Fig reports the Ownage team is now working with Fig to build “Shard”… Read More

May 31, 2018 @ 7:54 am By Cali Haan  |  

Coindesk is reporting that Baidu Baike, China’s Wikipedia-style site, is now tracking revisions made to articles on a blockchain. According to Coindesk reporter Wolfie Zhao, Baidu has not yet publicly announced blockchain developments at Baidu Baike, although they did confirm with Zhao over WeChat that… Read More

May 31, 2018 @ 6:39 am By Erin Hobey  |  

Penarth-headquartered accountancy and business advisory firm Evans Entwistle has secured a £450,000 funding facility from ThinCats to support the acquisition of Bristol-based SBMC Business Management Limited. The client was introduced to ThinCats by Lime Corporate Finance. “This is a great deal for everyone concerned and… Read More

May 31, 2018 @ 6:23 am By Erin Hobey  |  

Orvium, an open-source and decentralized platform for managing scholarly publications’ lifecycles and associated data reportedly run by employees and technology solutions experts of several institutions and businesses, including the European Organization for Nuclear Research (CERN), the National Aeronautics and Space Administration (NASA), Amazon, Oracle, as… Read More

May 30, 2018 @ 10:43 pm By JD Alois  |  

The Financial Market Authority (FMA) in Austria is seeking to shut down cryptocurrency miner INVIA GmbH based in Vienna. According to a note published on the FMA site, the regulator has prohibited the business model of the company on the grounds of “the suspicion of… Read More

May 30, 2018 @ 8:46 pm By Cali Haan  |  

  Cryptocurrency trading in economically beleaguered Zimbabwe has failed to resume despite a high court ruling striking down a ban imposed by the central bank on financial institutions prohibiting them from servicing cryptocurrency exchanges, CCN reports. CCN reported on May 24th that the Harare High… Read More

May 30, 2018 @ 10:51 am By JD Alois  |  

The Republic of Malta has added another cryptocurrency exchange to its roster of blockchain startups based in the Mediterranean Island. BitBay, based in Poland, announced yesterday it had decided to “suspend the activity” of the exchange in its home country as it set up shop… Read More

May 29, 2018 @ 12:13 pm By Erin Hobey  |  

Global growth markets investor Actis is now building an Indian Non-Banking Financial Company focused on secured lending to SMEs with a plan to fund the platform with up to US$220M of equity capital over a 5-year period. Actis is backing a team led by ex CEO… Read More

May 29, 2018 @ 11:16 am By Erin Hobey  |  

Azimo, a European digital money transfer firm based in London and Krakow, has raised $20M in a Series C round led by Rakuten Capital. This latest funding fund, which also received backing from investors such as e.ventures, Frog Capital, GR Capital Partners and Greycroft Partners, brings… Read More