News > FinTech

Alan Howard Eyes $1 Billion Cryptocurrency Fund
Alan Howard, the man behind the hugely successful macro fund, Brevan Howard, is looking to launch a $1 billion fund of crypto funds. According to the Coin Telegraph, Elwood Asset Management, a digital asset management firm wholly owned by Howard, is looking to lure institutional investors into the crypto space by making something similar to a fund of funds. Like
Manny Pacquiao Launches World’s First Celebrity Cryptocurrency
Philippine boxing champion Manny Pacquiao has launched the world’s first celebrity cryptocurrency, according to the South China Morning Post. Pacquiao’s “Pac” token, which allows fans to buy his merchandise and interact with him via social media, was launched at the boxer-slash-politician-slash-singer’s debut concert in Manila on Sunday. It will be listed on Singapore’s Global Crypto Offering Exchange (GCOX) and it
CB Insights Looks At How US Banks Bet On A Fintech Future
FinTech
U.S. banks aim to leverage fintech in the payments, financial markets, data and blockchain spaces. “In 2019 YTD, U.S. banks have participated in 24 equity deals to fintech companies. This follows a record 2018, where U.S. banks backed 45 equity deals to fintech startups -- a 180% increase from 2017,” according to a CB Insights report released on Aug. 20.
Japan’s SBI Holdings to Reward Shareholders With XRP
Japanese financial giant SBI Holdings has announced that it will be rewarding shareholders with Ripple’s XRP, the world’s third-largest cryptocurrency by market cap. According to The Block, the reward is part of an interim shareholder benefits program which is open to shareholders with 100 or more shares in the company. Eligible shareholders will receive 30 XRP coins, currently valued at
Study: Fintech Sector Growing In Singapore
FinTech
Employment in Singapore's fintech sector is strong, according to the Fintech Talent Survey 2019, launched by the Singapore FinTech Association and PwC Singapore. “As a leading regional financial centre and home to 40% of fintech firms in ASEAN, job prospects in fintech remain strong in the coming years with demand coming from both local firms and international firms that use
The Rational Investor On How To Value Assets Like Crypto Currency
ValueWalk’s interview with Brian Beamish aka The Rational Investor. In this interview, Brian discusses his and his firm’s background, helping students build out their small business of trading, mass adoption of blockchain and the hype around the ‘get rich quick’ aspect of crypto currencies, the fundamental value of an asset like a crypto currency, what makes bitcoin more unique than
Santander Group Expands Use Of Ripple Payments Technology
FinTech
Banco Santander SA SAN is building a payments network that will allow Latin American customers to freely transfer money to the U.S. via a mobile app that uses Ripple technology, according to CoinDesk. Read more at Benzinga. Photo: Public Domain
Report: Alibaba, Tencent Among First to Receive China’s State-Backed Cryptocurrency
The People’s Bank of China (PBOC) is gearing up to launch its cryptocurrency, and according to Forbes, seven institutions will be among the first to handle it. The first group of recipients include Chinese internet giants Alibaba and Tencent as well as the Middle Kingdom’s two largest banks, the Bank of China and the Industrial and Commercial Bank of China.
Binance to Launch Lending Platform
Binance, the world largest cryptocurrency exchange, has set its sights on the lending space. According to an announcement, the crypto giant will launch a lending platform called “Binance Lending” as a “value-added service to Binance users who hold idle digital assets.” The service – which goes live on August 28 – allows holders of Binance Token (BNB), Ethereum Classic (ETC),
Craig Wright Loses Case – Must Hand Over ‘Billions’ in Bitcoin to Kleiman Estate
Craig Wright had a terrible, no good, very bad Monday. The legal battle between Wright and the estate of his former business partner, David Kleiman, went terribly pear-shaped for Wright on Monday when the U.S. District Court for the Southern District of Florida awarded half of his multi-billion Bitcoin fortune to the Kleiman estate. The Block: In 2018, David Kleiman’s