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Vizag Fintech Festival • October 22-26, 2018

The Vizag Fintech Festival 2018 is poised to be the nation’s largest Financial Technology event. The week-long event will take place from…

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A Legal Framework for Flockchain – Made in Germany – with the Help of Startups like Lition

Category: Adoption, Blockchain, Investment, Regulation

A Legal Framework for Flockchain – Made in Germany – with the Help of Startups like Lition

Blockchain is primed to disrupt the future of business as we know it, and German lawmakers are all for it. The CDU/CSU and SPD coalitions (major German political parties, for the uninitiated) aim to lead the European blockchain charge in developing a comprehensive blockchain strategy that fosters innovation and nurtures fledgling businesses in this new space. To fully unleash blockchain’s…

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Crypto Ponzi Scammer Ordered to Pay $2.5 Million for Duping Investors

Category: Business, Crime, Finance, Investment, News, Regulation

Crypto Ponzi Scammer Ordered to Pay $2.5 Million for Duping Investors

On October 18, the U.S. Securities and Exchange Commission (SEC) ordered a New York-based firm Gelfman Blueprint, Inc. and CEO Nicholas Gelfman to pay $2.5 million in fines and restitution for running a Bitcoin Ponzi scheme. The indicted Nicholas Gelfman and his company presented false investor reports to other investors assuring them of profits. Brought to Book Interestingly, this is…

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UK Bank NatWest to Leverage Blockchain Technology in Syndicated Loan Market

Category: Blockchain, Business, Finance, News, Platform

UK Bank NatWest to Leverage Blockchain Technology in Syndicated Loan Market

United Kingdom’s major commercial bank NatWest announced to leverage blockchain technology for the syndicated loan market, from the coming month. The technology will be introduced to effectively streamline communication between lenders and agent banks in the loan market sector. Bringing Efficiency to Syndicate Loan Market The blockchain platform Fusion was developed by blockchain consortium R3 and fintech company Finastra. Recent…

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A Q3 Update from the Decentralized Freelancing Platform Storm

Category: Altcoins, Blockchain, Business, Finance, News

A Q3 Update from the Decentralized Freelancing Platform Storm

With the advent of new technologies, the global freelancer market is expanding. Today many people are leaving their day jobs and taking up gig assignments as they can work flexible timetables and have the freedom to pick up projects they feel they can execute at best. With technology playing its part, the regional boundaries have disappeared, and now mobile workers…

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Genesis Cryptocurrency Lending Platform Publishes Q3 Report

Category: Bitcoin, Exchange, Finance, Investment, News, Platform, Tech

Genesis Cryptocurrency Lending Platform Publishes Q3 Report

Genesis Global Trading, a leading over-the-counter (OTC) digital currency trading firm has released a brief report detailing the performance of its distributed ledger technology (DLT) based virtual currency lending arm since it went live earlier in March, according to a news release on October 19, 2018. Genesis Sees Green Despite Bear Market In its report titled: “Digital Asset Lending Snapshot 2018…

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Global Security Company G4S Branches out into Cryptocurrency Storage

Category: Altcoins, Blockchain, Exchange, News, Platform, Tech

Global Security Company G4S Branches out into Cryptocurrency Storage

U.K.-based multinational security services company G4S has developed a new service offering high-security offline storage for cryptocurrencies, the company announced in a press release published on October 16, 2018. G4S Announces High-Security ‘Vault Storage’ for Holding Crypto With the rise in the popularity and value of cryptocurrencies around the world in recent years, many mainstream security firms have realized the…

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SEC Introduces Online Form for FinTech Investors Seeking ICO Advice

Category: Altcoins, Blockchain, Finance, News, Tech

SEC Introduces Online Form for FinTech Investors Seeking ICO Advice

The United States Securities and Exchange Commission ICO Advisory Board stated it had enabled an online request form for FinTech-related meetings and other assistance, as per an announcement on October 19, 2018. SEC Launches Online Request Form The SEC is actively trying to deliver best practices to investors on the digital currency and ICO markets. The agency just made available…

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Japan Looks to Ease Tax Reporting of Cryptocurrency Gains and Profits

Category: Altcoins, Bitcoin, Exchange, News, Regulation

Japan Looks to Ease Tax Reporting of Cryptocurrency Gains and Profits

To establish a seamless tax reporting mechanism for cryptocurrency gains in Japan, the Japanese Tax Commission held a debate on October 17, 2018, per a report by the local media outlet Sankei News. Standardization of Tax Filing Process According to the report published, the Japanese Tax Commission is contemplating ways by which gains or profits on cryptocurrency trading can be…

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U.K. Money Management App Emma Launches Cryptocurrency Feature

Category: Blockchain, News, Platform, Tech, wallet

U.K. Money Management App Emma Launches Cryptocurrency Feature

Although the cryptocurrency industry is facing a downward slump, Emma, the London-based money management app sees long-term potential with the emerging asset class. According to TechCrunch’s article published on October 18, 2018, Emma launched a new cryptocurrency support feature in their app that links with a large number of cryptocurrency exchanges to help users track their existing balance. Cryptocurrencies: The…

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