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eToro Shake Hands With Acquisition Corp V

Crypto News Point

Mar 19, 2021
2 min

eToro Shake Hands With Acquisition Corp V

eToro is shaking hands with the FinTech platform, Acquisition Corp V. The social trading platform announced on 16 March of going public via collaboration with SPAC FinTech Acquisition Corp. V with a $10.4 billion deal. After the merger, it is expected to be listed on the Nasdaq exchange. The merger of the companies will be named as eToro Group Ltd. In a written statement, FinTech V chairman Betsy Cohen said that its sponsor Fintech Masala is looking for companies “with outsiz

OIO, Moonstake’s Partner And SGX Listed Company, Appoints New CEO For Its Blockchain Business

Crypto News Point

Jan 31, 2021
4 min

OIO, Moonstake’s Partner And SGX Listed Company, Appoints New CEO For Its Blockchain Business

We are pleased to announce that our regional partner OIO Holdings Limited (SGX: OIO) has appointed Rudy Lim, former Head of FinTech at DBS Bank, as its new CEO at its blockchain business subsidiary, OIO Singapore Pte Ltd, effective 18th of Jan 2021 to accelerate blockchain business deployment and B2B (Business to Business) staking as a service solution. In February 2020, Moonstake and OIO entered into a strategic business alliance to jointly own the Intellectual Property (“IP

Chainlink Integrates With CenterPrime To Bring FX Rates Data From Korean Banks To DeFi

Crypto News Point

Jul 25, 2020
2 min

Chainlink Integrates With CenterPrime To Bring FX Rates Data From Korean Banks To DeFi

Chainlink (LINK) is integrating with CenterPrime to bring a foreign exchange rate data feed from Korean banks to DeFi space. CenterPrime is a Hyperledger based project. It has access to the Korean open banking API that streams FX rate data from several local banks. Top Korean banks: Hana Bank, Shinhan Bank, Nonghyup Bank, and Industrial Bank of Korea select #Chainlink and CenterPrime to bring their forex data on-chain, transforming the capabilities of open banking services, f

Thai Fintech Startup SYNQA Raised $80 Million In Series C Funding

Crypto News Point

Jun 24, 2020
2 min

Thai Fintech Startup SYNQA Raised $80 Million In Series C Funding

Thailand-based fintech company SYNQA has raised $80 million in a Series C funding round for new cashless payment ventures. In a June 22 announcement, SYNQA stated it had raised $80 million in a Series C funding round led by Siam Commercial Bank subsidiary SCB 10X and the Asia-based venture capital group SPARX. Have you heard the news? After a lot of work, we closed our Series C and raised $80M! We're excited to deepen our footprint in the cashless societies in Asia by buildin

Crypto News Point

Jun 8, 2020
2 min

40% Of New Firms Launches In Hong Kong’s Fintech Industry Operate With Blockchain And DLT

New firms are increasingly dominating Hong Kong’s fintech sector with 40% of new firms launching in the country’s fintech industry last year operating with blockchain and distributed ledger technology (DLT). It has been reported by Hong Kong’s Financial Services and Treasury Bureau that DLT represents an increasingly dominant share of the country’s new fintech firm’s year-over-year, up from 27% as of 2018. However, a report published by Hong Kong’s treasury department has pro

Crypto News Point

May 30, 2020
1 min

Lithuania’s Central Bank Completes Research On Blockchain Regulation

The Bank of Lithuania (BoL) has finished the research phase of its blockchain-related project, LBChain as of May 27. BoL will create a sandbox that mixes technological and regulatory infrastructure for the technology in the next phase. #LBChain is expected to become the cradle of future technologies as its enormous potential may carry beyond the financial sector. 👉Read more: https://t.co/wAbcGhBVKH 👉Watch again (wrap-up session): https://t.co/TxKngbYm8p#blockchain pic.twit

Austrian Raiffeisen Bank To Pilot National Currency Tokenization Using Blockchain

Crypto News Point

May 19, 2020
1 min

Austrian Raiffeisen Bank To Pilot National Currency Tokenization Using Blockchain

Raiffeisen Bank International (RBI), a major Austrian bank, is working on a new form of national currency tokenization using blockchain technology. RBI is extending its collaboration with fintech firm, Billon, followed by a successful test of end-to-end digitized national currency transfers. On May 18 an announcement was made stating that RBI and Billon are working on initial stages of an RBI tokenization platform, currently dubbed as RBI Coin. The pilot is planned to be cond

New Crypto Portfolio Management App B21 Offers Entry For New Investors

Crypto News Point

May 8, 2020
2 min

New Crypto Portfolio Management App B21 Offers Entry For New Investors

A new cryptocurrency investment and portfolio management app for Android and iOS B21 promises to lower both the technological and financial barriers to entry for new investors. The app was launched on May 7 allowing users to easily create and manage their own portfolio of cryptocurrencies with a minimum fiat deposit of just $25. Create your own #cryptocurrency #portfolio with @B21Official. Start #investing using #paymentcard or #banktransfer.@nityn @yolobro @B21Official pic.t

AI Startup SenseTime Partners With China’s Digital Currency Research Institute

Crypto News Point

Apr 29, 2020
1 min

AI Startup SenseTime Partners With China’s Digital Currency Research Institute

Hong-Kong based artificial intelligence (AI) startup SenseTime has partnered with the People’s Bank of China’s (PBoC) Digital Currency Research Institute to provide its AI expertise. On April 17. South China Morning Post reported that the government taps another tech partnership to continue the development of China’s digital yuan amid the reported trials of the central bank’s digital currency (CBDC). National AI champion SenseTime enters pact with China’s central bank amid di

Japan’s SMFG and SBI Holdings To Partner For Digital Banking Services On Smartphones

Crypto News Point

Apr 28, 2020
1 min

Japan’s SMFG and SBI Holdings To Partner For Digital Banking Services On Smartphones

Sumitomo Mitsui Financial Group (SMFG), the second-largest bank in Japan will sign a deal with SBI Holdings to offer digital banking services available on smartphones according to an April 27 article. SMFG will acquire a 20% stake in SBI subsidiary NeoMobile Securities, holdings worth several billion yen by June. By the end of the year, SBI will accept an investment from SMFG to create a new $1 billion fund to invest in companies involved in digital technology in the areas of

Bank Of China To Expand Fintech Regulatory Pilot Projects To Six More Cities

Crypto News Point

Apr 28, 2020
1 min

Bank Of China To Expand Fintech Regulatory Pilot Projects To Six More Cities

Bank of China (BOC) announces plans to expand its fintech innovation regulatory pilot projects in six more cities and districts on April 27, having launched its initial pilot project in Beijing last year. According to announcement, the bank is planning to conduct the pilot projects in the following cities: Shanghai Chongqing Shenzhen Hebei Xiong’an New District Hangzhou Suzhou BOC believes that the fintech innovation project can help small and micro private enterprises go thr

Crypto News Point

Apr 28, 2020
1 min

Switzerland’s “Crypto Valley” Seeks 100 Million Swiss Franc Fund For Helping The Fintech Companies

Switzerland’s “Crypto Valley” is seeking a 100 million Swiss franc ($102.7 million) fund from the federal government for helping the fintech companies. On April 26, it has been reported by Bloomberg that this fund is allocated to bail out the troubled fintech companies. However, Heinz Taennler, the Cantonal Finance Director, said that the fund would consist of private investments, contributions from local governments, and federal guarantees. Currently, the majority of these B

WeBank Ranks Third For Global Blockchain Patent Filings For 2019

Crypto News Point

Apr 25, 2020
1 min

WeBank Ranks Third For Global Blockchain Patent Filings For 2019

WeBank, ranks third place for the number of Blockchain patents filed globally in 2019. Alibaba and Tencent took the first and second places respectively. WeBank is China’s first digital bank initiated by Tencent. On April 24. a report was published stating that the bank rose from fifth place to third after filing nearly 632 patents in 2019. 80% of them were related to technologies such as blockchain, AI, cloud computing, and big data. WeBank’s patents have focused on open sou

Crypto Exchange Bitfinex Lists New Cross-Chain Defi Token pBTC

Crypto News Point

Apr 25, 2020
2 min

Crypto Exchange Bitfinex Lists New Cross-Chain Defi Token pBTC

Bitfinex exchange plans to list pTokens (pBTC), a new token that aims to unlock cross-chain DeFi liquidity by connecting Bitcoin (BTC) to any blockchain. The token is pegged 1:1 to Bitcoin and currently is compatible with the Ethereum (ETH) and EOS DeFi ecosystems. CTO of Bitfinex, Paolo Ardoino says pBTC will become the first DeFi interoperability-focused token supported on Bitfinex while adding: “At the moment we are supporting only pTokens but we welcome more projects to w

Eterna Capital and Borderless Capital Launch Venture Studio To Support Projects On Algorand

Crypto News Point

Apr 18, 2020
1 min

Eterna Capital and Borderless Capital Launch Venture Studio To Support Projects On Algorand

Blockchain investment company Eterna Capital and venture capital fund Borderless Capital partners to launch Eterna Borderless Venture Studio, to support projects on the Algorand platform. The partnership aims to accelerate adoption through providing tools and resources to dapp developers and entrepreneurs. We are excited to announce our first Venture Studio in partnership with @eternacapital focusing on @Algorand projects. We welcome to the first batch of companies joining th

Fintech Unicorn Of Australia Airwallex Raises $160M Funding

Crypto News Point

Apr 18, 2020
1 min

Fintech Unicorn Of Australia Airwallex Raises $160M Funding

Australian fintech unicorn Airwallex, raised $US160 million in a fundraising round led by the investors such as ANZ and Salesforce. Existing investors such as Tencent, Sequoia Capital China, DST Global, and Horizons Ventures also participated in the round bringing the total raised by the startup to $362 million. We are delighted to share that Airwallex has raised another US$160M in additional funding. We continue to believe there is a strong need for an alternative financial

Forbes Releases Fintech 50 List For 2020 Including Six Blockchain Companies

Crypto News Point

Feb 13, 2020
1 min

Forbes Releases Fintech 50 List For 2020 Including Six Blockchain Companies

Forbes released its Fintech 50 list this week, which included six blockchain companies among the media outlet’s compilation of top financial technology companies. Six Out of Forbes Top 50 Fintech Companies for 2020 Are in Blockchain https://t.co/wFwEY3g3Xa pic.twitter.com/xACOWdz9f8 — Zoe Harcourt (@Zoe_Digitalmrkt) February 13, 2020 On February 12, it has been reported that carrying a “Blockchain and Bitcoin” category tag, Forbes listed Axoni, Chainalysis, Coinbase, Everled

Blockchain Technology In Banking & Finance: Boon Or Bane?

Crypto News Point

Jan 24, 2020
4 min

Blockchain Technology In Banking & Finance: Boon Or Bane?

Blockchain technology in banking and finance is transforming the dynamics of payment systems from tracking transaction history to the whole process of how money is being transferred. The question lies here can the traditional financial sector embrace the revolutionizing technology or be replaced by it? Blockchain technology is already disrupting the currency market while the banking sector is starting to get the heat of it. The technology behind blockchain features trustlessn

Fintech Arm OneConnect Of Chinese Insurance Giant Files For $500M IPO In US

Crypto News Point

Dec 9, 2019
1 min

Fintech Arm OneConnect Of Chinese Insurance Giant Files For $500M IPO In US

OneConnect, fintech arm of Chinese insurance giant- Ping An, has updated its filing for an initial public offering (IPO) with the United States Securities and Exchange Commission (SEC). A Dec. 2 F-1 filing stated that the firm is looking to sell $500 million worth of shares in its IPO. The recent filing states: “We expect that we will receive net proceeds of approximately US$438.2 million from this offering, or approximately US$504.6 million if the underwriters exercise their

Cardano Launches Payment Gateway For Merchants

Crypto News Point

Nov 29, 2019
1 min

Cardano Launches Payment Gateway For Merchants

Cardano Foundation, launched AdaPay, an ADA payment gateway for merchants. Cardano (ADA) is the 12th biggest cryptocurrency in the market backed by the firm Cardano Foundation. On Nov. 27, the firm announced that AdaPay is jointly developed by the Cardano Foundation and enterprise-grade fintech platform Coti. The solution allows merchants to accept ADA payments with a “near-instant” settlement in 35 fiat currencies directly in their bank accounts. AdaPay solution developed by

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