China’s Central Bank Reveals First Cohort of its FinTech Regulatory Sandbox Pilot
The Chinese central bank’s Shanghai headquarters has recently revealed the Shanghai FinTech Innovation regulatory sandbox application list. The People’s Bank of China’s (PBoC) Shanghai branch is currently soliciting opinions from the public on eight applications to be included in the FinTech innovation supervision pilot.
Ethereum Launches Final Testnet Before Officially Releasing ETH 2.0 Mainnet
The software developing team for Ethereum 2.0 has finally announced that they will be launching ETH 2.0’s testnet on August 4.
BTCS Crypto Portfolio Expands Over 280% in Q2 2020 Amid COVID-19 Pandemic
While many institutions struggled to recover from the market downturn experienced in March, publicly-traded, blockchain-focused firm BTCS Inc. (OTCQB: BTCS) has increased its portfolio by 285 percent in Q2 2020, through well-timed investments in both bitcoin (BTC) and ether (ETH), and crossed the $1 million mark for cryptocurrency assets under management (AUM).
Alibaba’s Ant Group Set to be 2020’s Top IPOs in Hong Kong and Shanghai
Ant Financial, formerly known as Alipay and known renamed to ‘Ant Group’, has announced its intentions of launching an initial public offering (IPO) that would be featured both on the Shanghai Stock Exchanges' STAR board and the Stock Exchange of Hong Kong (HKEX/ SEHK).
Chinese Central Bank Approves the City of Chengdu for its FinTech Innovation Pilot
The Chinese central bank, People’s Bank of China has recently approved the city of Chengdu to carry out fintech innovation supervision pilots.
The Future of Blockchain Is Regulated, Permissioned And Decentralized
Blockchain has come a long way since it was first proposed as the technology powering Bitcoin’s distributed ledger. Since then, it has come to be understood as a technology that exists in its own right, as the base layer of second generation blockchain networks that are the foundation for all kinds of decentralized applications, or dApps.
Coinbase and Venmo Users Angered by Privacy Issues—Fintech Firm Faces Second Class Action Lawsuit
A second lawsuit has been filed against the fintech company Plaid, for violating user data privacy agreements they hold with major financial accounts that use Coinbase and Venmo.
Samsung Adds New Crypto Feature to Their Devices with “Stellar” Blockchain
Samsung device users can now securely store the private keys of their cryptocurrency wallet on their phone, with a recent add-on feature by the Stellar Development Foundation (SDF).
Blockchain-Focused Fund COSIMO X Acquires Seven-Figure Funding from RIT
COSIMO Ventures, an investment firm situated in Boston and Dublin, recently announced that the Rochester Institute of Technology (RIT) has endorsed them with a seven-figure investment.
Top Brazilian Crypto Exchange Mercado Bitcoin Adopts Sports Token Chiliz
Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, has announced its plans to add sports token Chiliz ($CHZ) to its existing list of digital assets.