fintech

The Monetary Authority of Singapore (MAS) has introduced five additional industry pilots into the Project Guardian to test various use cases around asset tokenization. Project Guardian is a collaborative initiative led by Singapore’s central bank that seeks to develop new financial in ...

As the crypto industry continues to grow, it becomes increasingly intertwined with traditional finance (TradFi) to the benefit of end users. TradFi is notoriously slow, inefficient and expensive. International wire transfers, which take days and double-digit dollar fees in most cases, are a perfe ...

Warren Buffett may still view cryptocurrencies and Bitcoin (BTC) as “rat poison squared,” but he is generating big profits from his position in a crypto-friendly bank in 2023.Warren Buffett’s “crypto bet” up $130 million in 2023The “Oracle of Omah ...

Cointelegraph Accelerator, a startup booster that leverages Cointelegraph’s capabilities as a media and strategic partner, announced its second cohort launching in October 2023 for up-and-coming Web3 startups.Selected from over 1000 startup applications, the 16 participants of the second c ...

Fintech innovations and emerging technologies have been rapidly evolving worldwide, prompting global regulators to adapt and establish regulatory frameworks. In this landscape, Latvia, a small Baltic country neighboring Estonia and Lithuania, has been quietly joining the efforts to understand and re ...

Rupert Schaefer, the Executive Director of Strategy, Policy and Control at the German Federal Financial Supervisory Authority (BaFin), has emphasized the importance of global regulation for the cryptocurrency industry. In a blog post, Schaefer likened regulators to air traffic controllers, and he hi ...

Under India's G20 presidency, active discussions around establishing a global framework for cryptocurrencies are underway, India’s minister of finance Nirmala Sitharaman has said. On Aug. 28, Indian Prime Minister Narendra Modi pushed for global collaboration on formulating crypto reg ...

A multidisciplinary research team from the University of Oxford recently developed a GPU-accelerated limit order book (LOB) simulator called JAX-LOB, the first of its kind. JAX is a tool for training high-performance machine learning systems developed by Google. In the context of a LO ...

Australia’s central bank has completed its pilot of a central bank digital currency exploring use cases for a potential digital dollar, finding it useful in four main areas, including enabling complex payments and asset tokenization. The Reserve Bank of Australia and the Digital Finance Coope ...

With the growing popularity of cryptocurrencies, the digital landscape has become a breeding ground for scams and fraudulent schemes. Fake cryptocurrencies and fraudulent projects aim to deceive unsuspecting investors and enthusiasts. This article will delve into the key indicators and strategies ...

As people become accustomed to traditional, online-only banking, crypto innovators are building decentralized solutions that could radically change everyday finance.A quick Google search of the term “neobank” will bring up the 2007–2009 crisis for a good reason. In the aftermath of ...

As Twitter, Instagram and TikTok users scroll through their feeds, reels and stories, compelling posts can catch their eye. Many of these posts claim that ChatGPT can turn anyone into a trading genius if offered the right prompts. Curiosity piqued, users are diving deeper into ChatGPT, an ...

Myanmar’s first entirely crypto-based banking institution has announced a soft launch for July 22 — a move that could see the country’s shadow government given greater access to financial services and funding.The Spring Development Bank is named after the Spring Revolution, the opposition ...

In today’s fast-paced digital world, speed and convenience are paramount when it comes to online transactions. Whether you run an e-commerce business or simply want to make swift payments online, having a reliable payment gateway that ensures seamless and speedy transactions, including support fo ...

London–based HSBC, the eighth-largest bank in the world, will conduct a series of trials and experiments utitlizing quantum encryption technology in collaboration with Amazon Web Services, BT and Toshiba.HSBC is the first bank to commit to trials on the new quantum “metro” network, a secur ...

A revolution is unfolding in the world of global payments, led by the transformative power of layer-2 technology and serving traditional banking infrastructure, such as financial messaging and card payment networks. Working together, there is a shift in the fundamentals of financial intera ...

Crypto and stock trading app Robinhood has taken a new step to diversify its business portfolio by acquiring the credit card startup X1 in a $95 million deal. The fintech firm offers an income-based credit card with rewards, along with free trial and single-use credit cards. The deal ...

Google Cloud recently announced the launch of its “Anti Money Laundering AI” (AMLAI) service after a successful trial with London-based financial services group HSBC.AMLAI uses machine learning to create risk profiles, monitor transactions and analyze data. Per a blog post from Google Clou ...

Credit cards may be excellent financial instruments if used responsibly. However, many individuals fall into the trap of collecting excessive debt due to careless credit card usage. This article will cover numerous tactics and best practices to help you use credit cards sensibly, avoid debt and m ...

Venture capital firm Sequoia Capital announced an impending split that will see the company break into three distinct partnerships serving the United States, China, and Asian markets separately. The move, announced on June 6, is intended to decentralize back-office functions for ...

European crypto investment platform Bitpanda has partnered with Coinbase exchange to help European banks offer cryptocurrency to their clients. According to BitPanda chief operating officer Lukas Enzersdorfer-Konrad, despite the crisis in cryptocurrency, banks still want ...

This is the second network for Euro Stablecoin The coin is being integrated by several top applications on Avalanche Circle has released a version of Euro Coin Stablecoin (EUROC) on the Avalanche network. ...

Central Bank has already made its decision and announced it to the Finance Ministry The reason was inconsistencies with the 2021 audit But the rejection will not prevent Revolut from continuing its current services The Telegraph reports that Britain p ...

German crypto startup Unstoppable Finance announced its intention to create Europe's first fully regulated bank offering crypto assets and DeFi services to customers. The Unstoppable team announced that the bank, along with a suite of traditional financial services, will ...

Start of fintech summit in UAE, Saga smartphone launch and PEPE listing on new exchange; That and much more in our announcement Today, May 8, is Monday, which means it's time for our regular column, the crypto events calendar.. As a reminder, in this article y ...

Neobank promises to create an "economy without borders" here And is preparing products for investors to do so British fintech startup Revolut is starting to explore the Latin American market. Their first country in the region was Brazil. Revolut opens a divisi ...

Bank has until May 7 to submit a "work on mistakes" report This is the largest counterparty in the U.S. financial field that has willingly partnered with fintech firms The Federal Deposit Insurance Corporation (FDIC) issued a "consent order" last week. It said Cr ...

Kraken, the popular cryptocurrency exchange, has recently been granted a Virtual Asset Service Provider (VASP) license by the Central Bank of Ireland, the country's financial regulatory authority. According to the exchange's official blog, Kraken has registered its subsidiary, Payward Europe Solu ...

Huawei, the Chinese tech giant, and Ripple, the American blockchain firm, have joined forces to provide access to digital financial transactions in Bangladesh. The two companies are collaborating to bring advanced fintech services to the citizens of the country. The partnership will allow the ...

London's major banks are refusing to open corporate accounts for cryptocurrency fintech firm SavingsBlocks, according to Bloomberg sources. This is not an isolated incident, as other crypto companies have faced similar issues when seeking banking services in the UK. SavingsBlocks, which has ap ...

The Chinese Ministry of Industry and Information Technology (MIT) has announced plans to revise and update national technology standards for the fintech and blockchain industries. To accomplish this goal, the Ministry has initiated public consultations with stakeholders regarding its "Program for ...

According to Christian Hui, the Minister of Financial Services in Hong Kong, the city's crypto-friendly policies are drawing the attention of numerous crypto companies, with over 80 expressing interest in establishing offices. This surge in interest is attributed to the official announcement of s ...

Coinbase has recently announced a partnership with Standard Chartered, which will allow users in Singapore to benefit from free wire transfers. This move aims to provide Coinbase customers with more flexibility and convenience when depositing or cashing out funds from their exchange accounts. ...

The Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates have recently agreed to collaborate in the realm of cross-border money transfers, utilizing stablecoins backed by their respective governments. The central banks plan to conduct proof of concept (PoC) trials for paym ...

BingX users are set to enjoy the convenience of purchasing cryptocurrency through Mercuryo, a global payment infrastructure platform. With a variety of payment methods available, including Visa and Mastercard credit and debit cards, Apple Pay, and Google Pay, users can seamlessly complete transactio ...