Tag: fintech

Talks of Bahraini cryptocurrency exchange Rain expanding into the GCC emerged on October 10, 2018, which would make Bitcoin developer Jimmy Song’s exchange the first in the region. The GCC, also known as the Gulf Cooperation Council, is a region within the middle east that includes all Arab States of the Persian Gulf except Iraq. Qatar, Saudi Arabia, and the…

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Crypto Fund AG, a subsidiary of Crypto Finance AG, has become Switzerland’s first firm to be issued an asset manager license by the country’s financial regulator Swiss Financial Market Supervisory Authority (FINMA).. FINMA Awards First License to a Crypto Firm With the new approval, Crypto Fund AG will enjoy the same regulatory environment as other traditional asset managers. The Zug-based…

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The UK’s oldest bitcoin exchange Coinfloor is about to slash its staff numbers in a blow to bitcoin as well as London’s blooming cryptocurrency industry, Financial News reported on October 8, 2018. A Setback for the U.K.’s Fintech Industry Coinfloor, the U.K.’s oldest bitcoin exchange established in 2013, is in the process of slashing most of its approximately 40 employees….

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International banking providing Aon will now offers insurance for four cryptocurrencies offered by Gemini, the Winklevoss Brothers’ owned cryptocurrency exchange and custodian, as per an official announcement on October 3, 2018. Gemini Increases Credibility The New York-based entity is taking huge strides as a credible player in the rising crypto-finance market, the likes of which is dominated by rival exchange…

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Banco Santander announced the launch of its new international payments service using blockchain-based technology on April 4, 2018. Known as “Santander One Pay FX,” it is the first Ripple-enabled mobile app for conducting payments across borders. It leverages xCurrent, the recently launched Ripple payment solution. Santander’s One Pay FX app The bank’s Head of Innovation Ed Metzger began his session…

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ConsenSys, a studio founded by Ethereum co-founder Joseph Lubin, invested $6.5 million into blockchain startup DrumG on October 1, 2018. Series A Investments Led by the Competition ConsenSys isn’t new to making investments via investment arm called ConsenSys Ventures. What is intriguing, however, is the fact that DrumG is led by R3 executives, arguably one of Ethereum’s most significant competitors….

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StellarX, the long-awaited exchange based on the Stellar (XLM) protocol, is now fully operational. Interstellar, the company behind the exchange, made the announcement in a September 28, 2018, Medium blog post. StellarX Exchange Is Fully Operational StellarX, a Stellar-based zero-fee decentralized crypto exchange, has left its beta phase and launched on September 28, according to the company’s Medium blog post….

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London Block Exchange to Launch Cryptocurrency Pegged to British Pound The London Block Exchange (LBX) recently announced plans to launch the LBXPeg, a new stablecoin backed by the British Pound. According to an article published by Business Insider on September 29, 2018, LBX gained permission from their banking partner to move forward with the crypto pound, which will be backed…

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Voyager, a DLT-based digital currency broker, offering users commission-free investments, has partnered with Ethos, a cryptocurrency services provider, to integrate the latter’s universal cryptoassets wallet into its platform and make it easy for both retail and institutional cryptocurrency traders to convert fiat currency to cryptos back and forth. Users will also be able to self-custody their digital assets, reported Finance…

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With the world’s most advanced and widespread digital payments infrastructure, cash is fast becoming a thing of the past in China. Internet payment giants like Alipay and TencentPay have cornered a vast domestic market and created what some see as a utopia of ubiquitous mobile payments. A  Foreign Policy report, however, shows a very different side of the supposed success…

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