Tag: fintech

After technology parks and silicon valleys, major cities around the world are building dedicated cryptocurrency and blockchain technology zones to propel the sector’s development. The latest to join the fray is South Korea. South Korea’s Blockchain Push According to a report in local news Edaily from June 14, 2018, South Korea intends to launch a blockchain center in Busan city…

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While bitcoin and other cryptocurrencies were built to rival fiat currencies issued by centralized institutions, they have now become more popular as an investment tool rather than a payment method. Recognizing this emerging market, legacy financial institutions are now contemplating taking their first step in the world of cryptocurrencies. Several central banks around the globe, for example, have already expressed…

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In day two of the BCI Summit, panels continued the discussion about how best to get in the way of all this tokenized money. A few speakers also discussed what investors should do to protect their digital assets best. Marketing and Security The first point was made most clear via a marketing discussion between Victor Park, the president of Alternative…

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On  June 8, 2018, Chinese blockchain news platform Mars Finance announced it raised $51 million in a funding round led by Ceyuan Ventures and Huobi Global Ecosystem Fund. Phenomenal Growth of Mars Finance In his speech at the World Blockchain Conference in Singapore on June 8, 2018, Mars Finance founder Wang Feng revealed the funding round has a post-money valuation of…

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A recent report by DeNederlandscheBank (DNB), the Dutch National Bank, stated that the current infrastructure of blockchain technology is not capable enough to deal with the sky-high demands of traditional financial markets. Recently, DNB conducted experiments utilizing the decentralized ledger technology. Blaring Shortcomings Found The research found that the most significant shortcomings of the technology are inadequate due to high…

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Renowned stock market short selling guru Jim Chanos is of the opinion that bitcoin would fail in the event of crisis or instability because the digital infrastructure involved in its use would be impractical. Jim Chanos. Source: CNN Chanos, who achieved fame and notoriety at the turn of the millennium for being the Wall Street analyst who made millions by…

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It is stale news that the Japanese Financial Services Agency (FSA) has increased regulatory oversight in the nation’s crypto space for quite some time now. However, the surprising aspect of the entire scenario now is that the FSA is on the verge of rejecting the application of a local exchange for the first time in its history. FSHO Not Up…

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CoinGecko has emerged as a solid alternative to the information hungry crypto sphere. Naturally, many are already familiar with first mover CoinMarketCap, but TM Lee’s project offers a broader suite of diagnostics. The traditional offering of market capitalization, liquidity, and price are all on display, but in the following interview, Lee outlines why the inclusion of things like developer, community,…

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EOS launched a bug bounty program on May 31 on HackerOne. Bug bounty hunter Guido Vranken is currently enjoying the financial reward of $120,000 by identifying 12 bugs and vulnerabilities in the software in just one week. According to ZDNet, due to Vranken’s success, EOS offered the bug bounty hunter a permanent role in the company. It’s uncertain whether he…

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Streamlabs, the popular Twitch streaming app, will now allow users to tip the streamers using cryptocurrency, announced via their blog on June 1, 2018. The Coinbase Connection Streamlabs will use Coinbase as its crypto payments portal; this entails that the streamers will require to link their Streamlabs account to their Coinbase account. Once done, users will immediately have the option…

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