Ray Youssef, the CEO at Paxful, a leading peer-to-peer (P2P) Bitcoin marketplace and money translator service, recently shared his views and insights about the importance of providing quality financial services to the world’s unbanked (and underbanked) population. Youssef, a history graduate from Baruch College and… Read More
San Francisco-based payments technology firm Square’s Crypto division is giving the first of what will be a series of grants to the BTCPay Foundation, in order to support the development of Bitcoin-related projects. On September 14, 2019, Square Crypto revealed via Twitter that it will… Read More
United Nations Development Program (UNDP), an organization that provides expert advice, training, and grants to developing countries, is partnering with Silicon Valley venture capital firm and project accelerator 500 Startups, in order to make investments in Indonesia’s emerging startup ecosystem. The UNDP will be working… Read More
The Los Angeles Mayor’s Office of Budget & Innovation (MOBI) and Information Technology Agency (ITALA) have partnered with Goren Holm Ventures (GHV) to host “Block Tank” – a Shark Tank-like pitch event which will coincide with CIS taking place in Los Angeles next month. GHV… Read More
hubii, the company behind the development of the nahmii scaling solution for Ethereum, has joined the Enterprise Ethereum Alliance (EEA), according to a press release shared with CrowdFund Insider. CEO of hubii Jacobo Toll-Messia remarked: “We are excited to join the EEA. [It] offers hubii… Read More
On September 12, the French Minister of Economy and Finance Bruno Le Maire did not mince words. Libra should not be allowed in Europe, he said. Later, on the same day, Bertrand Perez, the newly appointed managing director and COO of the Libra Association was… Read More
Social trading giant eToro has introduced a new programming language, Lira, which makes it easier for users to engage in derivatives trading. Chief blockchain scientist at eToro, Omri Ross, noted that Lira aims to reduce the risks associated with executing financial contracts while enabling the… Read More
Last week on September 11, the Australian Senate decided to establish a “Select Committee on Financial Technology and Regulatory Technology” or a committee to research and follow Fintech and Regtech. According to the Australian Parliament, the committee will inquire and report on the following matters:… Read More
The global blockchain devices market is projected to grow by 42.5% at a compound annual growth rate (CAGR) by 2024, according to a report by Indian consulting firm MarketsandMarkets. Released on September 12, 2019, the company’s report is titled, “Blockchain Devices Market by Type (Blockchain… Read More
The Asian Development Bank (ADB), which aims to support social and economic development in Asia, has published a working paper series in which it noted the intention to make investments in decentralized lending platforms in Malaysia is primarily driven by “trust.” The paper points out… Read More
Germany’s government has spoken against the authorization of the ongoing development of Facebook’s controversial stablecoin project Libra in Europe. Christian Democratic Union parliamentarian Thomas Heilmann, who’s responsible for creating CDU’s policies on blockchain technology, said the German government will not allow projects like Libra to… Read More
Some Cubans fed up with being frozen out of global commerce by decades-old US sanctions have started using cryptocurrencies to transact online, Reuters reports. Jason Sanchez, for instance, who runs a cellphone repair shop in Havana, has been using cryptocurrencies to purchase spare parts for… Read More
The unexplained recent migration of almost a billion USD-pegged tether cryptocoins to the Ethereum network has caused 100 000 transactions to get “stuck” in processing there, Trustnodes reports. (Graphic courtesy of Trustnodes) The controversial tether coins have been moving from their native OMNI network and other… Read More
The National Internet Finance Association of China Requires Members to Disclose Annualized Lending Costs This week, the National Internet Finance Association of China (NIFA) issued a notice to member institutions about annualized lending costs disclosure and industry discipline. According to the notice, some online lending… Read More
We Co., WeWork‘s parent company, is planning to make major changes to the management of its business operations after stakeholders expressed their dissatisfaction with the company’s unusual governance model ahead of its upcoming IPO. The firm’s parent company had initially proposed that 20 votes should… Read More
Connecticut-based consulting services and research firm Gartner said that distributed ledger technology (DLT) will transform how most businesses operate within the next 10 years. Currently, however, blockchain-based systems are in their early stages of development and it could take several years before the technology has… Read More
San Francisco-based mobile payments company Square is testing a new feature that allows users to trade stocks through the company’s Cash App. Square’s employees have been testing out the newly integrated feature, according to Bloomberg. Once it has launched, Cash App users will reportedly be… Read More
Police from London’s Intellectual Property Crime Unit (PIPCU) have arrested a 19-year-old man they believe stole unreleased songs from the websites and cloud-storage accounts of “world-famous artists” and then sold the music for cryptocurrency. The release does not state where the music was sold nor… Read More
Bertrand Perez, General Director of the Libra Association says Facebook has no plans to delay the launch of its global (crypto)currency network, despite outcry from global regulators. “We are firmly maintaining our launch schedule, between the end of the first half of next year and… Read More
OnDeck (NYSE: ONDK), a small business online lending platform, announced on Friday its latest survey reveals that the economy is a top concern for small businesses ahead of next year’s presidential election. According to OnDeck, the survey is the first in a series that the… Read More
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