ALL FINTECH NEWS

How Did Basic Attention Token (BAT) Become the Most Used DeFi Token?

As Compound conquered the DeFi space and its COMP token rallied, Basic Attention Token saw an abnormal surge in its trading volume and price. According …

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Russia’s Blockchain E-Vote Participants May Have Had Their Private Data Leaked

Russia’s blockchain vote experiences yet another hiccup, as e-constituents’ personal data is reportedly exposed. Personal data for over a million Russian nationals has reportedly been …

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Bitcoin Set Another “Lower High” as Analysts Eye a Sub-$9,000 Move

Bitcoin faced a grim rejection at $9,500 earlier this week that has caused its price to flash some notable signs of weakness. This rejection has …

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Bitcoin News Roundup for July 10, 2020

With the price of BTC headed down and the Fed’s largest balance sheet decline in 11 years, CoinDesk’s Markets Daily is back for your bitcoin …

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Chainlink (LINK) on Verge of Rebound, But It’s Far From a New Price High

Demand for Chainlink skyrocketed following the weekly candlestick open. As buy orders began to pile up, the decentralized oracles token saw its price rise by …

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Cardano Creator Compares Criticism of Project to ‘Trump Derangement Syndrome’

Infighting is hurting crypto, IOHK’s Charles Hoskinson says, but he won’t “apologize for kicking people in the teeth” on Twitt if someone is attacking Cardano …

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The United States Has to Upgrade the Legacy Financial System

Slow-roll regulations in the United States may leave Americans behind in the financial innovations’ running. When the United States government voted in stimulus payments to …

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Here’s Another Reason to Doubt the Stock Market Rally

‘Dumb’ money is responsible for 25% of the stock market during peaks. That’s retail FOMO’ing into the market. Here’s Another Reason to Doubt the Stock …

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Banking Technology July/August issue out now

Unlocking the benefits of open banking The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, …

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Prince William & Prince Harry’s Feud Strikes an Ugly Blow to Diana’s Memory

Prince William & Prince Harry are rumored to have been feuding for some time. Their “divorce” became a bit more official this week. Prince William …

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First Mover: Kyber Token’s Eightfold Increase Reveals Bet on Future Market-Share Growth

Prices for decentralized exchange Kyber’s KNC token have jumped eightfold in 2020, outshining the performance of Binance’s BNB coin.

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Blockchain Tech Can Verify Credentials, But Beware Credentialism

Blockchain-based credentials can make getting back to work and school easier post-COVID. But we must resist the urge to put every life achievement on a …

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Key Short-Term Scalability Feature Still Needs Research, Says Vitalik Buterin

Stateless clients research promises to make blockchain nodes lighter without sacrificing validation, but there are stumbling blocks in their cryptography. Research into stateless clients for …

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The Federal Reserve’s Declining Balance Sheet Is Bearish for Bitcoin. Or Is It?

The Fed’s balance sheet just dropped the most in 11 years, but despite popular opinion, that is not necessarily bad news for bitcoin.

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Book Review: Digital Is the Cash

“Digital is the Cash” is a short, accessible read, looking at cryptocurrency from a vaguely African perspective, with a strong preference for Dash. “Understanding the …

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Paytm to buy insurance firm Raheja QBE for $76m

Paytm, India’s $16 billion digital payments platform, has reached an agreement to buy Mumbai-based insurance firm Raheja QBE. The deal, worth $76 million, is all-cash, …

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Explosive Defi, Stablecoin Activity Send Ethereum Fees Above Bitcoin

The median transaction fees on the Ethereum blockchain have been above Bitcoin’s for over a month. Data aggregator Messari noted that an explosion of activities …

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ClearBank hires new CFO and CIO

ClearBank has appointed a new chief financial officer (CFO) and chief information officer (CIO). UK clearing bank adds two to its executive ranks. James Hopkinson …

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HSBC France to cut 38% of global banking and markets jobs

HSBC France is seeking to cut 255 of 678 jobs in its French global banking and markets unit by end-2021, according to French news daily, …

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Singapore Tops Autonomous Vehicles Readiness Index For the First Time

According to this year’s KPMG Autonomous Vehicles Readiness Index (AVRI), Singapore has emerged as the country that is best prepared for the adoption and acceptance …

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Kazakhstan Sets Eyes on Top-3 Spot for Global Bitcoin Mining

The post-Soviet country’s cheap electricity has been attracting Bitcoin miners, but will it manage to elbow out Russia and the United States? Kazakhstan is becoming …

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Once-a-Cycle Bitcoin Bull Signal Just Appeared for the 1st Time Since 2016

Over the past few weeks, many analysts have questioned if Bitcoin is really on the verge of a bull market. After a strong rally in …

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This Week in Fintech ending 10 July 2020

This weekly summary from our 7 experts, brings you insights based on their experience as investors, entrepreneurs & executives. To continue receiving This Week in …

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Crypto ‘Giveaway’ Scams Continue to Flourish on YouTube

Cryptocurrency scams continue to appear on YouTube, misusing content from influential people in the space and stealing from the gullible.

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Alibaba’s Ant plans Hong Kong IPO

Ant Group, the fintech arm of Chinese ecommerce giant Alibaba, is planning on a Hong Kong float as soon as this year, according to Reuters. …

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PolicyBazaar’s CEO calls SoftBank-backed expansion a “mistake”

PolicyBazaar’s chief executive officer (CEO), Yashish Dahiya, says that a huge expansion pushed by investors including SoftBank was a “mistake” that led the company to …

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Ardent Financial picks SteelEye for MiFID II and MAR compliance

Securities dealer Ardent Financial has selected compliance technology firm SteelEye to support its reporting needs. Ardent Financial wants to automate its MiFID and MAR reporting …

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A Rare Glimpse Into How Crypto Is Really Used in Venezuela

After airdropping cryptocurrency to 60,000 users in Venezuela, AirTM survey results suggest how crypto is really used in the economically troubled nation.

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Philippines’ Department of Agriculture Enlists PayMaya for Loan Disbursement

The Department of Agriculture’s has announced the use of PayMaya, a mobile wallet under the purview of PLDT, to disburse loans for their Kapital Access …

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Bitfinex Lists Dogecoin After TikTok Fad Sends DOGE Price Over $0.05

Dogecoin sees fresh gains before correcting to $0.04 as Bitfinex appears to capitalize on TikTok excitement. Major cryptocurrency exchange Bitfinex is listing Dogecoin (DOGE) as …

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Interview: CEO Jay Hao on OKEx DeFi Plans and COMP Token Listing

OKEx is known for its constant innovation and introduction of new features. One of the latest developments is the listing of the Compound project’s COMP …

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Ethereum and EOSIO Square Up Over Enterprise Blockchain Business in Latin America

With ConsenSys in one corner and LatamLink in the other, a project backed by the Inter-American Development Bank is weighing Ethereum vs. EOS tech.

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FNZ and State Street collaborate on wealth management servicing venture

FNZ, a New-Zealand founded platform-as-a-service provider, is collaborating with State Street on a new wealth management servicing venture. FNZ will acquire a majority stake in …

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Bankjoy signs up two new credit union customers

Digital banking provider Bankjoy has signed on two new credit unions for its online and mobile services. CACL Federal Credit Union and Illinois-based SIU Credit …

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Technicals Suggest Ethereum Must Stay Above $230 For Hopes of a Fresh Rally

Ethereum started a downside correction from the $248-$250 resistance zone against the US Dollar. ETH could extend its decline, but it must stay above $230 …

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Brave Browser Partners With bitFlyer to Expand BAT’s Reach in Japan

The crypto exchange will build a BAT wallet for Brave as it helps the cryptocurrency grow in Japan.

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Tether Blacklists 39 Ethereum Addresses Worth Over $46 Million

Just after 100,000 in USDC were blacklisted by Centre, Tether blacklists 46 million Tether in Ethereum addresses. Tether (USDT) has blacklisted 39 Ethereum addresses worth …

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HBZ Investors Urge Court to Block Smart Contract Destruction

A class-action lawsuit seeks to prevent e-scooter firm Helbiz from destroying the smart contract underpinning its ERC-20 token. Helbiz Inc is facing a class-action lawsuit …

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ASB Bank replaces legacy trade finance system with CGI’s Trade360

New Zealand-based ASB Bank has replaced its legacy trade system with the cloud-based Trade360 solution from CGI. CGI is deploying a cloud-based version of Trade360 …

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Forte Securities picks Profile Software’s Axia

London-based primer brokerage firm, Forte Securities, has selected Profile Software and its Axia system to power its custody services operations. Profile says Axia was chosen …

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Ripple (XRP) Takes A Small Hit: Here’s Why 100 SMA Holds The Key

Ripple traded to a new monthly high at $0.2118 against the US Dollar. XRP price is currently correcting lower, but dips remain well supported near …

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Uniswap’s Daily Volume Nudges $25M Despite Scam Token Concerns

Uniswap’s daily volume has rallied to nearly $25 million despite the spotlight on imposter tokens trading on the exchange. Daily trade volume on the decentralized …

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‘Significant’ Ethereum Rally Signals New Altcoin Season — Peter Brandt

Ethereum price saw a bullish breakout against Bitcoin on July 9 and veteran trader Peter Brandt believes this could trigger a new altcoin season. Popular …

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Alt Lending: Starling Bank, Climate Projects, Fund Raising during Pandemic

Here is our pick of the 3 most important Alt Lending news stories during the week: 1. Here are the biggest fintech funding rounds in …

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‘Libra Will Never See The Light Of Day’: Monetary Historian

Economic historian Barry Eichengreen believes that stablecoins are either too fragile, or too expensive, to emerge as a dominant monetary form. UC Berkeley professor Barry …

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Smart Contracts ‘Have Limited Potential’ Without IoT Sensors

Smart contracts in the trade sector will need to rely on IoT sensors to live up to their full potential new research suggests. Smart contracts …

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Bitcoin Just Saw Key Technical Correction But This Level Can Trigger Fresh Increase

Bitcoin started a downside correction after it was rejected near $9,500 against the US Dollar. BTC is now trading near the main $9,200 support and …

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DLT Voting Would Likely Benefit Democrats: UNSW Professor

Professor Richard Holden thinks exploring distributed ledger technology for voting in US elections could put voter fraud lawsuits to bed. Richard Holden, an economics professor …

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Click to Pay: Mastercard Expands Passwordless Digital Checkout in Singapore

As Singapore shifts rapidly to digital commerce, Mastercard introduces Click to Pay a payments solution with an online checkout that that eliminates passwords, protects data with …

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Report: Crypto Exchange Coinbase is Gearing Up for an $8B+ Stock Market Debut

A new report from Reuters is claiming that the crypto trading platform Coinbase is in the process of filing for a direct listing in the …

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Community Asked for Input to Guide Australia’s Blockchain Roadmap

The Australian Government has reached out to the blockchain community to help identify opportunities for blockchain adoption in the supply chain and credentialing sectors. The …

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