Ahead of the launch of its U.K. regulated cryptocurrency exchange, Binance.UK vows to proactively update CryptoUK’s code of conduct to remain fit for purpose. Binance.UK is joining the self-regulating industry association CryptoUK as an executive member. The exchange will join stakeholders such as Coinbase, CryptoCompare and Ripple in leading the association’s strategic direction, and working […]
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We’ll have three crypto music entrepreneurs on hand to discuss the future of the industry. What are you doing Friday afternoon? Cointelegraph is hosting the latest edition of its Cointelegraph Talks series this Friday, August 28, at 3 PM Eastern / 12 PM Pacific on our YouTube channel. We’ll have three entrepreneurs active at the intersection […]
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The traditional banking sector is lagging behind in the race with crypto. Mexico’s Financial Intelligence Unit recently published the results of its second National Risk Assessment. The report highlighted that the risk of money laundering in the banking sector far surpasses the issues encountered by fintech companies. According to El Economista, the so-called “G7 banking” […]
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730 people from Wirecard’s German offices will be given pink slips. Wirecard has announced it will lay off 730 out of its 1,300 staff in Germany following a $2.1 billion scandal that left the company insolvent in June. According to an Aug. 25 report from Law360, Michael Jaffé, a lawyer and representative of Wirecard’s administrator, […]
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This year has been a milestone for open-source development, as more organizations have contributed funds by way of grants and sponsorships. Supporting the open-source community continues to be a priority for OKCoin, which has enabled us to sponsor the development of the very infrastructure that we depend on as a crypto exchange. Our commitment to […]
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The Competition and Markets Authority find no reason that the merger will affect competition in the U.K. consumer-to-business electronic payments sector. The United Kingdom Competition and Markets Authority, has given the go-ahead to Visa’s acquisition of fintech startup Plaid following a Phase 1 review. According to an Aug. 24 announcement, the CMA investigated several ways […]
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The COVID-19 pandemic might help to further Qatar’s national strategy in the fintech and blockchain spaces to reduce the crisis’s impact. The nation of Qatar is a World Bank “high-income economy,” backed by the world’s third-largest natural gas and oil reserves. It has the third-highest GDP per capita in the world (by purchasing power parity), […]
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What are CBDCs and the risks they possess, and how might they reshape our economies? Central bank digital currencies are a digital representation of a country’s fiat currency. They are effectively a government-issued cryptocurrency designed to replace the traditional, physical form of fiat currencies. The term CBDC is broad because its implementation involves several critical […]
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Was Yam Finance’s short-lived rebasing project a useful economic experiment or just another scam? The crypto community is divided. There are some decentralized finance projects that make flash loans; Yam Finance (YAM) was a DeFi project that made a flash appearance. YAM, which initially described itself as a “minimally viable monetary experiment,” launched on August […]
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A fintech-positive U.S. banking regulator sees a role for private companies in providing better banking services. The United States Acting Comptroller of the Currency, Brian Brooks, recently expressed his willingness to embrace fintech solutions in an interview with CNN. Brooks, who was formerly Chief Legal Officer at Coinbase, explained that his job now was to […]
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