Latest News on FINTECH

Industry

China’s Blockchain and FinTech Sector to Brace for 'Capital Winter' Even After the Coronavirus Pandemic Subsides

Investment activity in China’s tech sector has seen a massive drop in the past four months since the coronavirus outbreak has emerged from the city of Wuhan. The venture capital market has been suffering a tremendous impact on its existing drop in activity.

Sarah Tran

Apr 08, 2020

| 2 Min Read

#INVESTMENT #VC #VENTURE CAPITAL #CHINA #TECH #TECHNOLOGY #BLOCKCHAIN #FINTECH #AI #ARTIFICIAL INTELLIGENCE

News

LocalBitcoins Seller Charged by US Homeland Security for Money Laundering

Kenneth Rhule, a localBitcoins seller is charged by the US Homeland Security for conducting an unlicensed money transmitting business. Rhule can face up to forty years in prison on account of fraudulent activity alongside illegal marijuana production and distribution.

Drishti Bhagat

Mar 12, 2020

| 1 Min Read

#BLOCKCHAIN #BITCOIN #CRYPTOCURRENCY #FRAUD #BTC #ETHEREUM #FINTECH #DOJ #GOVERMENT #OFFICIAL #WEED #MARIJUANA

Industry

Coinbase Takes a Step Further into the Japanese Crypto Market

Coinbase has been licensed in Japan since 2019, and has registered as second-class members of the Japan Virtual Currency Exchange Association (JVCEA), a self-regulatory organization for the crypto industry in Japan.

Sarah Tran

Mar 02, 2020

| 2 Min Read

#CRYPTO #COINBASE #CRYPTOCURRENCY #JAPAN #FINTECH #JVCEA

Industry

CFTC FinTech Research Wing Welcomes Innovators to Discuss with Regulators With its New Office Hours

LabCFTC, the United States Commodity Futures Trading Commission’s FinTech research wing, is planning to host office hours during the New York FinTech Week.

Sarah Tran

Feb 13, 2020

| 2 Min Read

#LABCFTC #CFTC #US #FINTECH #INNOVATION

Technology

Insurance Firms in China and Hong Kong Count on Blockchain to Fast Track Coronavirus Claims Amid Outbreak

Xiang Hu Bao, an online mutual aid platform, a subsidiary of Ant Financial, is a “collective claims-sharing mechanism built on blockchain that offers basic health plans to its 104 million participants.” Most of its users are Chinese citizens from lower-tier cities, and in rural areas. By utilizing blockchain technology, settlements have been made more efficient, and fraudulent claims have been reduced.

Sarah Tran

Feb 10, 2020

| 4 Min Read

#BLOCKCHAIN #INSURANCE #TECHNOLOGY #FINTECH #WUHAN CORONAVIRUS #CORONAVIRUS #2019 NCOV #MEDICAL

Analysis

What Does the Japanese FinTech Landscape Look Like?

Tokyo, the capital of Japan has been ranked as one of the top 12 FinTech hubs in the world by Deloitte’s A tale of 44 cities: Connecting Global FinTech: Interim Hub Review 2017. The Tokyo Metropolitan Government (TMG) created policy outlines to form the city with the vision of an unrivaled global financial center.

Sarah Tran

Feb 05, 2020

| 3 Min Read

#TOKYO #JAPAN #FINTECH #FINANCE #TECHNOLOGY #FINOLAB #FINCITY #FINTECH ASSOCIATION

Interview

Women in Payments CEO: Less than 5% of VCs Invest in Women-Led FinTech Companies

With a background in engineering, Kristy Duncan, the CEO of Women in Payments started her career in banking and then into the payments industry. Duncan has then been fascinated with the payments market, and is a “payments geek at heart.” She started Women in Payments in 2012, Looking to add value in a different way, to connect, inspire, and champion women who are working in the payments industry globally.

Sarah Tran

Jan 30, 2020

| 4 Min Read

#WOMEN IN PAYMENTS #PAYMENTS #FINTECH #VENTURE CAPITAL #BLOCKCHAIN

Industry

First in the World? Lithuania Central Bank Approved Blockchain-based Digital Collectible

Implementing a unique new idea will be the Bank of Lithuania in introducing the world’s first blockchain – based digital coin collectible.

Drishti Bhagat

Jan 20, 2020

| 1 Min Read

#BLOCKCHAIN #BITCOIN.LITHUANIA #EUROPE #DIGITAL #GLOBAL #CURRENCY #FINTECH #COIN #FLAG #BINARY

Finance

Nobel Prize Winning Economist Abhijit Banerjee: Is Blockchain the Key to Financial Inclusion?

While Nobel Prize-winning economist Prof. Banerjee is no expert in blockchain or FinTech services, we went along to the Asian Financial Forum to find out his thoughts on the application of FinTech and Blockchain to facilitate inclusive finance for the developing world. His response surprised us.

Lucas Cacioli

Jan 20, 2020

| 4 Min Read

#BLOCKCHAIN #NOBEL PRIZE #BANERJEE #FINTECH #DEFI #LIBRA

Industry

"I Knew Owning Bitcoin Was a Bad Idea," Claims Peter Schiff After Losing Access to His Bitcoin Wallet

"I knew to own Bitcoin was a bad idea, I just never realized it was this bad!" exclaims Peter Schiff, after losing access to his bitcoin wallet and his password being invalidated. The crypto – the community has offered help, but it would seem the BTC has been lost for good.

Drishti Bhagat

Jan 20, 2020

| 1 Min Read

#BLOCKCHAIN #BITCOIN #XRP #LOSS #BTC #VALUE #TWITTER #BITCOIN WALLET #PETER #SCHIFF #FINTECH

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