News > FinTech, Blockchain, Financial Services

Korea’s KB Financial Scores Patent for Blockchain Cybersecurity App
South Korean finance juggernaut KB Financial has reportedly been awarded a patent for its blockchain-based cybersecurity app, according to Cointelegraph, citing local news source The Digital Times. The new patent centers on a blockchain-cored solution which improves an “essential” security program for fintech apps by separating it from individual apps, thereby enhancing safety. The separation also has the bonus of
Cryptocurrencies Saw About $13 Billion in Value Erased in Three Hours
Stop us if you've heard this one before: Cryptocurrencies suffered massive losses that has placed its record highs of 2017 further in the rearview mirror. In a year of unrelenting terrible news for digital coins, Thursday's results were a doozy: Bitcoin had dropped almost 5 percent in morning trading to $6,303, while XRP and ethereum both plunged more than 10
Summer Capital Acquires Stake in Pending ‘Cryptocurrency Investment Bank’
Hong Kong-based investment firm Summer Capital is betting that regulators will allow SEBA Crypto AG to become the world’s first crypto investment bank, according to the SCMP: Summer Capital spokesman Jack Chung said he expects SEBA, which is headquartered in the affluent Swiss municipality of Zug, to receive approval as a banking and securities dealer by the Swiss Financial Market
Yale's David Swensen Makes First Investments in Cryptocurrency
David Swensen, the legendary chief investment officer of Yale University's $29.4-billion endowment, has apparently bucked the trend of some other high-profile investors and begun betting on the cryptocurrency market. CNBC is reporting that Swensen has invested in two crypto-focused venture funds: Andreessen Horowitz's recently launched $300 million fund and Paradigm, which is a new fund focused on blockchain and cryptocurrency
Report: Coinbase is About to Become One of the Richest Startups in the U.S.
Coinbase is finalizing a deal with Tiger Global that will value the company at $8 billion and make the San Francisco-based company one of the richest startups in the world, Recode reports. Tiger Global appears ready to make a $500-million investment in Coinbase, one of the most popular cryptocurrency exchanges in the U.S., and the company "is expected to add
Google Has Relaxed its Ban on Cryptocurrency Ads in the U.S. and Japan
Nearly four months after it banned all ads related to cryprotocurrencies and related content, Google announced that it will begin allowing cryptocurrency exchange advertisements in the U.S. and Japan. In an update to its financial products and services policy, Google indicated that it will "allow regulated cryptocurrency exchanges" to advertise in the two countries, effective in October. Advertisers will need
Crypto Mining Behemoth Bitmain Officially Files Highly Anticipated IPO
Bitmain, the Beijing-based cryptocurrency mining equipment behemoth, has officially filed to go public, riding a wave of mind-boggling revenue growth toward its highly anticipated IPO. The company is going public on the Hong Kong Stock Exchange (HKEX), but its prospectus is still highly redacted, which means there are still plenty of questions about its offering. As CoinDesk notes, Bitmain's IPO
London Calling: A New Survey Shows 1 in 3 Londoners Plan on Investing in Cryptocurrencies
Roughly 1 in 3 (or 30 percent) of people in London have said they plan on investing in cryptocurrencies - c0mpared to 13 percent nationwide in the United Kingdom, according to a new survey conducted by Rathbone Investment Management.  The survey also found that 1 in 8 crypto investors in London "attribute their current wealth to digital currencies like bitcoin and
This Could Be an Important Week For Shaping ICO Regulation in the U.S.
About 50 key industry players in the cryptocurrency and financial services industries will be meeting with members of Congress on Tuesday for a roundtable to discuss regulating initial coin offerings (ICOs) in the United States. The roundtable, called "Legislating Certainty for Cryptocurrencies" and organized by Rep. Warren Davidson (R-Ohio), was first reported by Axios. Among the people who are slated
Ripple Says it's Nearing the Release of its Commercial Crypto Product
Sagar Sarbhai, head of regulatory relations for Asia-Pacific and the Middle East at Ripple, said in an interview with CNBC on Monday that the blockchain startup is expected to release its crypto-based xRapid product "in the next month or so." Ripple's xRapid is a tool that is designed to give banks a much faster way to make cross-border transactions by