News > FinTech

Trade Wars Or Crypto Whales? What’s Behind The Latest Price Surge
With all the talks of retaliatory trade wars, turmoil in Hong Kong, and global markets on the downswing, it’s hard to pinpoint why crypto prices are surging at the moment. But Tom Maxon, CoolBitX’s head of U.S. operations, believe it has less to do with macro conditions and more to do with crypto whales taking advantage of the market momentum.
Apple, Goldman Sachs To Launch Credit Card In August
FinTech
Earlier this week, Apple Inc. AAPL said it plans to launch its credit card this August, in partnership with Goldman Sachs GS 0.02%, the provider of the underlying software tools necessary for the undertaking. Apple CEO Tim Cook said the Apple Card will allow users the ability to transact via their phones or a titanium credit card, both of which are
NexChange Interview Series: Dr. Larry Sanger (Part 2/2)
In this episode of the NexChange Interview Series, we have Part Two of our exclusive interview with Wikipedia co-founder Dr. Larry Sanger. In Part One, Dr. Sanger shared his thoughts on Wikipedia and his current blockchain-based project, Everipedia. Here, Dr. Sanger talks about blockchain, decentralization, and tokenization. Have a gander: Transcript: Olga Yaroshevsky: Do you think that blockchain is able
Why Facebook’s Libra Cryptocurrency Launch May Never Happen
Image source: Facebook Newsroom Facebook excited the cryptocurrency market last month by announcing plans to launch Libra, its own blockchain-based payment system. Since then, numerous concerns have been raised in multiple countries, and now a regulatory document even states that Facebook’s Libra cryptocurrency launch might never happen. Facebook said in its latest quarterly report to the Securities and Exchange Commission
Hong Kong Awards Digital Asset Custody License to Aegis Custody
After handing out a handful of virtual banking licenses, Hong Kong has issued its first digital asset custodian license. Aegis Custody, a Fosun-backed digital asset financial services company, has had its digital asset custody business licensed by the Hong Kong Companies Registry of Trust and Company Services Providers, according to a statement. The company’s Founder and CEO, Serra Wei, said
'Fastest Crypto Exchange In The World' Released To Retail Market
The crypto wallet Blockchain announced Tuesday that it has launched The PIT, an institutional-grade crypto exchange with microsecond-latency. “The current crypto exchange market is outdated, broken, and skewed against users. We got tired of waiting for a new entrant to deliver the performance today’s traders demand,” Peter Smith, Blockchain's CEO and co-founder, said in a statement. Read more at Benzinga. Photo: JD
UK FCA’s Final Guidance On Crypto Assets: What It Means For You
As you may know, today the UK Financial Conduct Authority published its final guidance on crypto assets, defining what tokens come under its jurisdiction, classifying what it considers the 3 main types of tokens: Security, E-Money and Unregulated tokens. mohamed_hassan / Pixabay In response to the report, a number of experts in the space have provided their insights, which can be seen
Six Years Since The First ICO And The Shift To STOs
On July 31, 2013, J.R. Willett launched the first ever ICO, Mastercoin (now Omni), and tomorrow will mark 6 years since this monumental occasion. Looking at the last 6 years, it’s evident that the industry has matured and the very nature of fundraising within the blockchain space has changed. We’ve witnessed a slight shift away from ICOs: as evidenced in
qSpark Developer Talks Low-Latency, High-Frequency Trading Infrastructure
FinTech, AI
In an interview with Benzinga, Eliezer Paiewonsky, director of DevOps at qSpark, a provider of low latency trading platforms, discussed progress on a field-programmable gate array solution to help bolster risk management and high-speed executions. About qSpark qSpark is a tech company that provides advanced trading platforms that enable low latency execution of proprietary algorithms and strategies via co-located infrastructures. Read
China’s First Digital Bank Teams up With HK Startup to Develop ‘Federated Learning’ AI
Tencent-backed WeBank, China’s first digital bank, is currently developing new models in artificial intelligence called “federated learning,” DigFin reports. Traditional machine learning requires all the data to be centralized into one machine or datacenter. This, however, can be privacy-intrusive especially for banks and devices which store sensitive information. Federated Learning on the other hand is designed for decentralized data, allowing