Researchers at the Bank for International Settlements think that crypto prices respond well to clear regulation, though they drop when governments issue bans. Researchers from the Bank for International Settlements are finding that cryptocurrency markets actually react positively to news of clear regulations. Findings? Crypto is not such a wild west after all Per a […]
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How could DLT improve the traditional finance industry, and what adoption challenges lie ahead? Very few banks, or even countries, emerged unscathed from the rubble of the 2008 global financial crisis. The aftermath of the worldwide recession coincided with profound technological innovation and breakthroughs that have forced banks and other financial service providers to reconsider […]
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A Florida resident has been charged by the CFTC for raising $1.6 million through a fraudulent cryptocurrency and forex trading scam. The United States Commodity Futures Trade Commission (CFTC) has filed a complaint against Florida resident Alan Friedland for fraudulently raising $1.6 million through a cryptocurrency tied to a forex trading scheme. The April 16 […]
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In its most recent position paper, the IFWG labeled crypto as a possible (but unlikely) threat to South Africa’s monetary system. As part of a recent lengthy position paper on crypto, a South African regulatory body called the Intergovernmental Fintech Working Group, or IFWG, mentioned crypto as a possible but unlikely risk to the country’s […]
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Airwallex is one of just three Australian ‘unicorns,’ raising $160 million in a round led by ANZ bank and cloud software firm Salesforce. Australian fintech unicorn and RippleNet member, Airwallex, raised $160 million in a fundraising round led by the investment arms of Australian ‘big four’ bank, ANZ, and San Francisco-based cloud software company, Salesforce. […]
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Ant Financial launched a new consortium blockchain platform for SMEs and developers. Ant Financial — the Chinese fintech company formerly known as Alipay— has launched a new consortium blockchain platform called OpenChain. According to an announcement on April 16, the platform would allow developers and small and micro enterprises to utilize innovative blockchain tools. They […]
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U.S. fintech lenders are helping small businesses affected by the COVID-19 crisis, but crypto players are unable to join. American financial technology firms are now able to help Main Street businesses affected by the COVID-19 crisis via a federal relief plan, but cryptocurrency-native companies apparently don’t fit the bill. Last week, the United States Small […]
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New DeFi consortium backed by veteran crypto investor, Polychain Capital, hits 51 members to bolster cross-chain DeFi solutions. After decentralized finance, or DeFi, markets collapsed in late March 2020, a number of industry players joined forces to support emerging fintech. Today, the Ren Alliance, a new DeFi consortium backed by veteran crypto investor, Polychain Capital, […]
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China’s Internet Finance Association’s latest survey applauds blockchain development across the country. A recent survey by China’s National Internet Finance Association of China (NIFA) has found that blockchain technology is gaining a solid footing. On April 14, Chinese local news platform Sina reported the results of the latest blockchain survey conducted by the National Internet […]
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SoftBank is expected to lose $12.5 billion driven by its investment in WeWork. SoftBank Group Corp (SFTBY), the parent company of Fortress Investment Group is expected to lose $12.5 billion for the fiscal year that ended in March, per an April 13 report from Bloomberg. WeWork — $24 billion loss It seems that Vision Fund […]
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