The world’s largest development bank, the World Bank Group, has issued a new report on payment aspects of financial inclusion in the fintech era. Financial institutions all over the world are increasingly experimenting with emerging technologies like blockchain to streamline payment systems and achieve financial inclusion. In a new study, the World Bank has once […]
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Experts think that 3iQ’s latest BTC-related listing will have a positive impact on global investor sentiment toward crypto. On April 9, Canadian asset manager 3iQ announced that its efforts to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange had finally come to fruition after three years of continued legal disputes. As […]
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Main Street businesses hit by the COVID-19 crisis finally have access to a lifeline from fintech lenders. Main Street businesses hit by the COVID-19 crisis now have access to a lifeline from fintech lenders. On April 9, the United States Small Business Administration (SBA) released its application form for nonbanks to sign on as lenders […]
Continue ReadingAs the global coronavirus pandemic continues to rage on, quarantined gamers are increasingly looking towards blockchain games. As more people self-isolate due to the coronavirus pandemic, gaming platforms all over the world have seen a spike in traffic. One report notes that cell network company Verizon claimed that online gaming platforms have seen a 75% […]
Continue ReadingGibraltar’s digital and financial services minister has revealed updates to the territory’s regulation of DLT firms, with new rules addressing market manipulation. Gibraltar’s minister for digital and financial services, Albert Isola, has announced forthcoming regulations to reduce market manipulation among blockchain firms. In an interview with The Banker published April 10, Isola also discussed his […]
Continue ReadingCheck out this week’s Bad Crypto News. Bitcoin is still floating comfortably around $7,000 after a week in which it’s risen more than ten percent. Over at Bitcoin.com, the news is not so good. Candor, a site that lists jobs lost to the coronavirus, has reported that Roger Ver is planning to lay off half […]
Continue ReadingNonbank fintechs may be left unable to contribute to the United States government’s relief plan for small businesses hit by the COVID-19 crisis. Nonbank fintechs may be left unable to contribute to the United States government’s relief plan for small businesses hit by the COVID-19 crisis. On April 3, the U.S. Small Business Administration (SBA) […]
Continue ReadingThe Lightning-compatible Fold app has joined Visa’s Fintech Fast Track Program to roll out a co-branded Bitcoin cashback rewards card. The Fold app — a Lightning-compatible mobile app that offers users Bitcoin rewards (BTC) while shopping — has joined Visa’s Fintech Fast Track Program. Joining the program will enable the app to launch a new […]
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The Cardano Foundation looks forward to strengthening South Africa’s blockchain awareness. The Cardano Foundation announced a partnership with the South African National Blockchain Alliance (SANBA) on April 7. The partnership endeavors to explore further ways to strengthen technology’s adoption throughout South Africa. According to the official announcement, Cardano will use blockchain technology to boost socio-economic […]
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Financial firm SoFi announced they had signed an agreement to purchase Galileo Financial Technologies for $1.2 billion. California-based and crypto-friendly financial firm Social Finance — SoFi — is acquiring the digital payment platform Galileo. In an April 7 press release, SoFi announced that it has signed an agreement to pay $1.2 billion for Galileo Financial […]
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