News > FinTech

CoinMarketCap Launches New Apps
After teasing them for a week, CoinMarketCap, the world’s most popular crypto data site, announced the launch of two new apps. The two new apps are their first-ever Android app and a revamped version of their iOS app. They reportedly feature a “full experience” and incorporate elements not included in the main website, such as portfolio tracking, candlestick charts, side-by-side
Nexyst: Bridging Traditional Finance and Digital Asset Management
From the creation of JP Coin to the launch of Fidelity Digital Asset Service, the digital assets market seems to be getting ready for large-scale cash infusions from big institutions. Traditional players, however, are struggling to overcome challenges in investing in this new asset class. To facilitate a smooth transmission from traditional investment to digital asset investment, Nexyst is building
YieldStreet Acquires Athena Art Finance From Carlyle Group, Co-Investors
Digital wealth management platform YieldStreet announced the acquisition Wednesday of Athena Art Finance from the Carlyle Group CG in a $170-million deal. What Happened Athena provides art dealers, art galleries and collectors access to tailored financing alternatives that are secured by fine art, according to YieldStreet. The company has originated more than $225 million in loans since the business started in
Hong Kong Mulls Additional Incentives for Angel Investors
Hong Kong’s start-up scene has been on a tear lately, and it looks like it may get another boost sometime soon. According to the SCMP, Financial Secretary Paul Chan Mo-po recently blogged that the Hong Kong government is considering additional incentives for angel investors. Chan said that angel investors – who mainly operate outside the city – are “important to
Tim Draper Meeting With Facebook To Discuss Cryptocurrency Investment
Tim Draper, venture capitalist and founder of Draper Associates, is reportedly meeting with Facebook, Inc. FB 0.9% to discuss Facebook’s interest in creating its own cryptocurrency. According to BitcoinExchangeGuide, Draper is meeting with Facebook to determine whether or not an investment in Facebook Coin “is a good fit” for Draper Associates. Facebook Coin Facebook is reportedly seeking $1 billion in
WeLab Scores Hong Kong’s Fourth Virtual Banking License
FinTech, AI
WeLab – the company behind lending platforms Wolaidai and WeLend – recently announced that its subsidiary, WeLab Digital, has been awarded a virtual banking license by the Hong Kong Monetary Authority. This is the fourth license granted by the HKMA and the first one supplied to a homegrown fintech firm. Needless to say, the company is quite stoked about it:
Henri Arslanian Tells Us How Things Are Going in Asia's Fintech Market
FinTech
Benzinga's Fintech Focus Podcast features conversations with the biggest names in fintech. Subscribe to the Fintech Focus newsletter to get a roundup of industry news delivered to your inbox weekly, and check out upcoming programming at Benzinga events. In this episode of the Fintech Focus podcast, we’re going to take you on a trip across the globe to Asia where,
Can Cryptocurrencies and Blockchain Empower Venezuela?
Cryptocurrencies found itself the most compelling use over the last year in trouble-laden Venezuela. As hyperinflation and the struggling Bolivar left its population starving, Venezuelans saw cryptocurrencies as a gleaming opportunity to bypass the heavy economic censorship faced. Restricted from sending or receiving money overseas, the onslaught of bitcoin and other cryptocurrencies made it possible for Venezuelans to communicate and
China Says No to Bitcoin Mining Operations Shocking Crypto World
China has recently announced that it plans to outlaw the mining of cryptocurrencies in its country. This announcement comes via a draft that was recently released on Monday disclosing the nation’s position on the cryptocurrency sector. This Bitcoin mining operations news comes as somewhat of a shock to the cryptocurrency market since upwards of half of all mining takes place
Ripple to Expand Asian Operations, Double Its Headcount in Singapore
Ripple, the American blockchain heavy, is reportedly looking to make waves in Asia. According to the Business Times (paywall), Ripple is set to expand its Asia-Pacific headquarters in Singapore. It plans to double its staff from 12 to 24 over the year, adding business development and partnership roles, and to broaden its range of operations beyond customer services. “The demand