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Fidelity Digital Assets Is Hiring 10 More Blockchain and Trading Experts
Fidelity Digital Assets, the crypto-focused branch of the major asset manager, is looking to boost its team with the addition of 10 new blockchain professionals.
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Fidelity, Deloitte, Amazon support new blockchain accelerator
Fidelity, Deloitte, Amazon, and 20 other firms are backing a new blockchain accelerator program to mentor budding entrepreneurs in the space.
tags: Fintech CryptoAssets Blockchain
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‘Lots of Shady Stuff’: BitMEX Posts Part of Debate Between CEO and Nouriel Roubini
In a dramatic bit of stagecraft, BitMEX has finally released the “tapes” from its so called Tangle In Taipei, a July 3 debate between CEO Arthur Hayes and NYU Professor and so-called Dr. Doom, Nouriel Roubini. It even comes with dramatic fight music.”
tags: Fintech CryptoAssets
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Wala Was Africa’s Perfect Crypto Success Story – Until It Collapsed
For a moment, it worked as planned. As CoinDesk reported last summer, a user in South Africa could pay their mom’s electricity bill in Uganda using a crypto-powered payments app called Wala. But despite early traction in facilitating remittances and other small payments for Africa’s underbanked, Wala was effectively broke by early 2019, laying off its staff and closing access to the company’s flagship app in February.”
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Bitcoin Use Soars in Zimbabwe After Foreign Currencies Ban
Peer-to-peer Bitcoin transactions in Zimbabwe recently reached a new high after President Emmerson Mnangagwa reinstated the Zimbabwe dollar. The ban also prohibits the settlement of local transactions in the British pound, South African rand, the US dollar, and other foreign currencies.
tags: Fintech CryptoAssets Bitcoin
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Cyber Incident Response and Recovery: FSB Survey of Industry Practices
The FSB is developing a toolkit of effective practices relating to a financial institution’s response to, and recovery from, a cyber incident. The toolkit aims to provide financial institutions and authorities with a set of effective practices and will be based on the shared experience and diversity of perspectives gathered by the FSB, including through responses to its survey of industry practices.
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Ghana is Africa’s fastest-growing mobile money market
Ghana has recently become the fastest-growing mobile money market in Africa, with registered accounts increasing six-fold between 2012 and 2017.
tags: Fintech MobileMoney
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Introducing Lightning Payments – Fold
United States-based payments startup Fold has made Lightning Network (LN) payments possible at Amazon, Starbucks, Uber and other big name retailers. The news was revealed in an official blog post published on July 10.
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Some Considerations on Central Bank Digital Currencies | Banco de Mexico
The number and nature of the pending question marks around CBDC underlines the relevance of continued efforts to satisfactorily understand this matter as well as its potential consequences… We are dealing with an issue with potential major implications and still many unknowns.
tags: Fintech CryptoAssets AltCoins CBDC
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Kenyan regulators oppose M-Pesa split plan
The Kenya Information Communications (Amendment) Bill, 2019 is seeking the registration of mobile money services as separate business units. It would compel the telecommunications regulator to ensure that mobile money services are licensed as banks.
tags: Fintech Stablecoins Regulation
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JP Morgan is rolling out a robo-adviser with free ETFs to lure new investors
After a year of fine-tuning, which included user trials at 27 branches in Brooklyn, JPM is releasing on Wednesday a digital investing service called You Invest Portfolios. For an annual fee of 0.35% of assets, or 35 basis points, JPM will put users into an investment portfolio made up of the bank’s ETFs
tags: Fintech ETFs AI RoboAdvising
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Only three global banks given top website security score by ImmuniWeb
In an application security, privacy, and compliance probe, testing firm ImmuniWeb highlighted the concerning state of security at the worlds largest financial institutions, handing only three an A+ result for SSL encryption and website security.
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Crypto Payment Platforms Offer Working Examples — Competition Heats Up
With mainstream society increasingly accepting Bitcoin (BTC) as a means of payment, financial firms are increasingly seeking to offer a frictionless and convenient means for consumers to make payments using crypto.
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Top-6 Issues Experts/Entities Have With Libra
The biggest threat to Facebook’s financial inclusion plans are the government authorities in those developing countries. Furthermore, individuals without access to bank accounts in those countries are typically those with bad credit history or those who fail to comply with AML/CFT/KYC requirements
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Binance Launches Platform ‘2.0’ as Margin Trading Goes Live
Binance has launched version 2.0 of its platform – a move that officially adds margin trading for its customers. Binance indicated that maximum leverage (the amount that can be borrowed against a user’s crypto collateral) is 3x.
tags: CryptoAssets Liquidity Leverage Fintech
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Winklevoss-backed Crypto Self-Regulatory Group Prepares to Woo Congress
The Virtual Commodity Association, a non-profit, independent organization backed by Gemini founders Cameron and Tyler Winklevoss, is laying the groundwork to advocate its self-regulatory plans before Congress.
tags: Fintech Regulation CryptoAssets
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Canada’s Crypto Exchanges Must Now Register as MSBs, Report Transactions Over $10K
The Canadian government Amended its Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Canadian and foreign crypto platforms must now implement a full AML/CFT compliance program and register with the Financial Transactions and Reports Analysis Centre of Canada.
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New SEC/FINRA Staff Statement On Digital Securities Favors Wyoming
The State of Wyoming just got a big boost from the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Their recent joint staff statement on broker-dealer custody of digital securities provides support for Wyoming’s regulatory approach to the custody of digital assets.*
tags: Regulation CryptoAssets Fintech Custody
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SEC Clears Blockstack to Hold First Regulated Token Offering
The SEC approved the $28 million offering under Regulation A+, an alternative to an initial public offering meant to help fledgling businesses raise capital, a lawyer for Blockstack said. The company plans to begin selling the tokens to the public Thursday through a website created for the offering.
tags: Regulation Fintech CryptoAssets ICOs