Several mainstream companies have been looking at the prospects of cryptocurrencies and have been venturing into the industry. While the social media giant, Facebook’s Libra project has been a great example of the same, several other platforms have been making use of the existing currencies. PayPal is reportedly the latest company to delve into the […]
Fintech
After Libra, Regulations Delay Launch Of Digital Settlement Project Led By Banks
Soon after the world witnessed the evolution of cryptocurrencies, several mainstream companies started pouring into the industry. While a few platforms invested in the existing coins, firms like Facebook and JP Morgan decided to roll out their own. After mainstream organizations, banks started taking a keen interest in developing digital coins. The announcement of the […]
American Express Announces Acquisition of Fintech Firm Kabbage
A week after acquisition talks began, the New York-based multinational financial services corporation, American Express, finally announced that it had entered into an agreement to acquire substantially all of the fintech company, Kabbage, in an effort to expand its services to small businesses. This includes a full suite of financial technology products, data platform as […]
Mastercard Partners with Wirex to Take the Cryptocurrency Industry up to the Next Level
The cryptocurrency market is maturing at a faster rate than thought before and investors are loving it. As the days progress, more and more mainstream players are entering the field which makes it even more important for developments to take place at a faster rate. Mastercard was the latest mainstream player to make a mark […]
Crypto Debit Card Issuer Wirecard Files for Insolvency
Troubled fintech crypto debit card issuer, Wirecard, has allegedly filed an open insolvency proceeding. According to the Wall Street Journal ‘s report of 25 June, the Munich-based crypto card firm applied to the Munich District Court to initiate the insolvency settlement process. The global Fintech firm cited its imminent insolvency and excessive debt as the […]
Monetary Authority of Singapore Reveals Latest $1.75 Million Fintech Challenge to Combat Effects of Coronavirus
The world’s financial situation was in jeopardy once global economies were taken over by the coronavirus. Major countries have witnessed a recession like a situation that has caused millions to lose their jobs. To curb this, the Singapore Monetary Authority [MAS] has kick-started a $1.75 million competition to bring innovative fintech solutions to solve COVID-19 […]
German Digital Bank N26 Raises $100m in Extension of Series D round
German digital bank N26 today announced it has raised an additional $100 million in its Series D funding round. Overall, the highest valued Fintech firm to date has raised almost $800 million at a valuation of $3.5 billion. The Berlin-headquartered bank, founded in February 2013 by Valentin Stalf and Maximilian Tayenthal, now has 5 million […]
25 Million Loss in Crypto Suffered by dForce as DeFi Protocol Witnesses Attack
The DeFi network is not having it easy in 2020. After the conundrum surrounding the two DeFi ‘Flash loan’ attack on bZx leading to a loss of over a million dollars, another DeFi protocol, dForce has hit the headlines for all the wrong reasons. According to reports, dForce, a Multicoin Capital-backed Chinese decentralized finance protocol […]
Facebook’s Libra will Host Both a Single-Currency and Multi-Currency Stable Asset: David Marcus
After a silent demeanour in the digital asset space since the end of last year, Facebook’s Libra is back with a new announcement in the industry. On Thursday, Libra’s David Marcus revealed on Twitter that the Libra stablecoin venture would be going forward with a renewed plan of action for its development. The Head of […]
Fold Teams Up with the Visa’s Fintech Fast Track Program for Bitcoin Rewards Card
As Bitcoin and the cryptocurrency industry grows, so does mainstream adoption. There is no question that bitcoin adoption is on the rise, real-world uses are continuing to emerge and widespread mainstream adoption is very evident. Last Thursday, Fold announced that it has joined Visa’s Fintech Fast Track program, offering a co-branded Visa card enabling users […]