A new report on the UK banking industry has identified Fintech startups as a key potential disruptor in the eyes of the industry’s biggest participants. The recently released MoneyLive Banking Report compiled by Marketforce LIVE concluded that Britain’s banking space sees such startups as a “significant threat” to their business models, after consulting with 600 prominent figures
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It’s Christmas and the year is drawing to a close. It’s that time of the year where traders take stock of their investments and prepare for the future. Oddly enough, 2018 seems to be ending on the same note as it started—with mixed feelings. However, while views on the average performance of the crypto market this
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IOHK, a leading blockchain research and development firm, announced two tools developed by a world-leading team for writing smart contracts for the Cardano blockchain. The apps are called Plutus and Marlowe and were launched in test format at the first PlutusFest conference in Edinburgh, Scotland. These powerful tools will enable start-ups, the financial services and
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A little over a month since legislators in the United Kingdom branded the domestic cryptocurrency market the ‘Wild West’ and called for its regulation, experts have warned that such a move could have disastrous consequences for the fintech market in the world’s fifth largest economy. According to a report authored by the British Business Federation
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The US regulatory body for state banking has filed a lawsuit against the federal government for granting bank charters to fintech companies. The complaint calls into question the leniency of fintech “sandbox” charters. The Office of the Comptroller of the Currency (OCC), an arm of the US Department of the Treasury, has awarded these special charters to many
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The U.S. Securities and Exchange Commission (SEC) announced today the launch of a “New Strategic Hub for Innovation and Financial Technology.” In a surprising move, the project — dubbed “FinHub” — allows blockchain innovators and initial coin offering (ICO) operators, among other fintech stakeholders, to speak with the SEC directly on rules and market integrity. As the
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The SEC came out today to announce the launch of a new strategic hub for innovation and financial technologies, aptly named FinHub. SEC launches new strategic hub for innovation and financial technology https://t.co/nnFrQpo1Gh — SEC_News (@SEC_News) October 18, 2018 According to the announcement, the FinHub will serve as a resource for multiple leading technologies, including digital […]
The U.S. Securities and Exchange Commission (SEC) has launched a new office to engage with cryptocurrency and blockchain startups. Called the Strategic Hub for Innovation and Financial Technology (FinHub), the division will make it easier for fintech startups to interact with the regulator on related issues and the legal implications of products before they launch them.
Announced Thursday, October 18, 2018, FinHub will serve as the central point for entrepreneurs in the fintech world, especially groups focusing on new technologies such as blockchains, artificial intelligence, digital marketplace financing and more.
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A central-bank approved Malaysian Fintech startup that has specializes in international money transfers has completed its first cross-border transfer on RippleNet, Ripple’s enterprise blockchain platform using an API solution. With a payment from Malaysia to Spain, Kuala Lumpur-based MoneyMatch has completed its first cross-border blockchain transaction, a local report from Focus Malaysia confirmed. The transaction,
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Some have said Bitcoin’s price has hit its bottom and could only go higher, even being bold enough to say that it could go back to its $ 20,000 highs by the end of the year. However, according to one fintech and forex expert, the price of Bitcoin can only get worse. Polish fintech expert who works with Aforti Exchange believes that the Bitcoin evolution, especially over the period between December last year and February this year, is a classic speculative bubble. Even though there have been recoveries over the year, consumer interest and the accompanying trade volume has been steadily declining.
Veem, a cross-border payments platform that uses bitcoin to move funds among businesses without the need of banks, has raised $ 25 million in a round led by Goldman Sachs, according to Forbes. The service, which does not require either counterparty to hold bitcoin directly, has quadrupled its revenue in the past year. Also participating in the
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German blockchain banking service Bitwala is set to launch the first-ever platform that will enable the management of both euro deposits and bitcoin funds within the same bank account. This system is planned to kick off by November with an estimated 30,000 customers who have already signed up for the service. The biggest initial investor
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NAGA has been dedicated to developing an array of new products to furnish its widely expanding decentralized global ecosystem. It currently boasts seven working financial products, with another six that will be available soon.
NGC is currently trading around $ 0.31 per token and is listed on popular cryptocurrency exchanges such as Bittrex, OKEx, Upbit, and HitBTC.
The University System of Georgia (USG) announced the launch of a state-wide fintech academy on on Sept. 11. It is the largest education effort of its kind in the United States. While individual universities have offered blockchain courses, such as Stanford and NYU, Georgia is opening the program to all current students across all colleges
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Bitcoin (CRYPTO: BTC) will rise to $ 8,500 in December, according to fintech research firm Trefis in a Sept. 13 statement. BTC is currently at $ 6,500 and has seen modest gains the last couple of days. Trefis analysts brushed aside the recent price slump and said in their Forbes article that “there should be a steady recovery in the number of unique users as well as transaction volumes on the Bitcoin network over coming months – helping … prices reach around $ 8,500 by the end of the year.”
A handful of Aussie blockchain startups are in Shanghai this week, part of a government-backed trade mission that aims to strengthen ties between the two nations in the industry. The Australian Trade and Investment Commission (Austrade), the country’s trade agency, and the Australian Digital Commerce Association are jointly organizing a delegation of domestic blockchain startups currently
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