Tag: fintech

On August 8, 2018, JPMorgan’s Jamie Dimon stated that more banks are considering building businesses to work with the digital currency ecosystem, seeing the emerging space of cryptocurrencies as a blind spot for major financial institutions. A new Generation of Banking Dimon has dithered on his opinion about cryptocurrencies, once calling bitcoin a “fraud” and then walking those statements back….

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Swiss bank Maerki Baumann has become the latest bank in Switzerland to adopt cryptocurrency assets, according to a report published on International Investment on August 6, 2018. Cautious towards Cryptocurrency Based out of Zurich, the bank will currently only accept crypto assets obtained in the form of payments for banking services provided or via mining. The report also mentions that…

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Swiss investment bank, UBS, has recently stated that Bitcoin cannot be considered money or a viable asset yet. Furthermore, it is believed that in order for Bitcoin to replace the US currency for global dominance, it will have to reach around $213,000. This seems like a long way to go given that the price is currently hovering around $7,000. Bitcoin…

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Last year an alt-right group aligning with neo-nazi ideologies gathered in Emancipation Park in Charlottesville, Virginia. The conflict between the protesters and counter-protesters resulted in the death of Heather Heyer as well as igniting a long-simmering fight between right and left in the United States. The fallout from the event reached the Oval Office as President Donald Trump was compelled…

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Darren Marble, the founder of CrowdfundX, has made waves in fintech by making it possible for companies in the emerging space to achieve capitalization through crowdfunding. Now, he’s speaking out about the new US security token market. Marble begins by making a distinction between Security Token Offerings (STOs) and Initial Coin Offerings (ICOs). While the explosion of ICOs in 2017…

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Since the creation and release of Bitcoin by Satoshi Nakamoto nearly a decade ago, quite many blockchain developers have been inspired by the success of the pioneer cryptoasset and have gone ahead to create several cryptoassets that fall under categories such as utility cryptoassets, security cryptoassets, and others we shall shed more light on shortly. The Cryptoassets Explosion Did you…

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On July 31, 2018, Everex and Myanmar’s Shwe Bank announced a partnership to provide a blockchain-based solution to migrants. The deal will pave the way for the introduction of a blockchain-based remittance service that will allow migrants from Myanmar and Thailand to access cheaper remittance services. Remittance Market Overhaul This partnership is poised to introduce a cheaper remittance service to…

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Cryptocurrency and blockchain technology have been slated as powerful tools capable of fueling a global financial revolution. There are myriad opportunities to invest in the crypto space, and yet, very few individuals have undertaken the steps necessary to invest. After all, investing in crypto requires a very esoteric skill set—quite a bit of technical know-how is required to set up…

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France is seeing a booming startup culture thanks to blockchain technology. While several years ago, the country was a deadzone for fintech or internet based companies, France has seen a resurgence of its entrepreneurial spirit owing to crypto, blockchain, and fintech friendly legislation. While France is far from the the center of attention in Europe’s thriving blockchain community, it is…

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Northern Trust Corporation, a 129-year-old Chicago based investment management, asset, and administration company plans to enter into the fast-evolving crypto business, according to a Bloomberg report on July 31, 2018. The aim is to provide custodial services to safeguard crypto assets in the digital space at comparatively lower fees. Big Market Opportunity The company has begun to develop its methods…

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