Bitstocks launches crowdfunding campaign
Hackney-based fintech Bitstocks has publicly launched its first-ever crowdfunding campaign for their bitcoin financial ecosystem, Gravity.
Digital currency machine company Coin Cloud installs 1,250th kiosk
Coin Cloud, a U.S.-based Digital Currency Machine company, announced on Monday it has installed its 1,250th kiosk.
Bitcoin cash outs arrive at 16,000 ATMs in the UK
Cryptocurrency holders can now cash out their bitcoin at 16,000 ATMs across the UK thanks to a new BitcoinPoint and Cashzone partnership.
Put people first to get fintech right in Asia
As the Year of the Rooster gives way to the Year of the Dog, fintech remains very much in the news and on investors’ minds. From blockchain to bitcoin, ethereum and other cryptocurrencies, and initial coin offerings that allocate “tokens” as a new means of crowdfunding capital, the language and disruptions buffeting the mainstream banking and financial services industry can seem overwhelming. But beyond the multimillion-dollar, headline-grabbing investments and acquisitions, what does financial technology actually mean for the people of Asia? Across the region, fintech deals continue to make waves. And while much of the venture capital in Asia has predominantly flowed into China, particularly among a handful of large […]
Want to buy stuff using bitcoin? Coinbase wants to help
Coinbase, a company that houses people’s digital wallets for bitcoin and other cryptocurrencies, has a new way to pay. The service, called Coinbase Commerce, “enables merchants to accept multiple cryptocurrencies” so funds arrive directly in their own wallets. It can be integrated straight into their own online checkout processes, Coinbase said in a blog post Wednesday. Bitcoin rose to prominence as a digital currency, but many today are cautious since its value has been highly volatile, transaction times are slow, transaction fees have been increasing, and many people bought cryptocurrencies not to spend it but to hang on in hopes its worth would continue to skyrocket. “Bitcoin has evolved to […]
Singapore says no strong case to ban cryptocurrency trading
Singapore’s central bank has been studying the potential risks posed by cryptocurrencies, but there is as yet no strong case to ban trading of the digital coins in the city-state, Deputy Prime Minister Tharman Shanmugaratnam said. “Cryptocurrencies are an experiment. The number and different forms of cryptocurrencies is growing internationally. It is too early to say if they will succeed,” Shanmugaratnam said. “If some do succeed, their full implications will also not be known for some time,” the deputy prime minister said in a written answer to questions from members of parliament on banning the trading of bitcoin or cryptocurrency. To read more, please click on the link below… […]
North Korea is a suspect in the $530 million Coincheck cryptocurrency heist
North Korea is no stranger to cryptocurrencies: The rogue regime has been accused of launching a global ransom attack to raise bitcoin, hacking South Korean exchanges, and mining crypto both within its borders and secretly on your computers. Now, it has become a suspect in the world’s largest crypto heist, Reuters has reported. South Korea’s national spy agency told a parliamentary committee on Monday that North Korean hackers may have been behind the theft last month of about $530 million worth of digital tokens from Japanese exchange Coincheck, according to the Reuters report, which cited anonymous sources. On Jan. 26, Tokyo-based Coincheck said someone hacked into its digital wallet and […]
India’s flourishing fintech sector is craving the finance minister’s attention
While most industries have long lists of demands from finance minister Arun Jaitley leading up to the budget on Feb. 01, India’s booming fintech sector primarily has just one wish—that its presence be acknowledged. While the Narendra Modi government and the Reserve Bank of India (RBI) have already laid down regulations for certain segments, such as peer-to-peer lending, others like cryptocurrencies and online lending startups are yet to be regulated. Such regulation may mean stricter compliance, but the management at these firms believe it will lend legitimacy to the industry, which is expected to be worth $2.4 billion by 2020. That, in turn, will help them grow faster. “Given the […]
