News > FinTech

The FCA Is Banning Crypto CFDs And Russia Is Elated
The Financial Conduct Authority, which is the regulator of the United Kingdom has announced that they will be introducing a ban on Contracts for Difference on cryptocurrencies. mohamed_hassan / Pixabay For those who don’t know. Contracts for Difference allow traders to make investments on assets without having to buy the actual thing. Meaning that the contract itself is what carries
NexChange Interview Series: Musheer Ahmed, Fintech Association of Hong Kong, Part 1
In this installment of the NexChange Interview Series, NexChange’s Olga Yaroshevsky sits down with Fintech Association of Hong Kong General Manager Musheer Ahmed. Musheer has an extensive background in financial services and technology, having been a global markets trader for a decade and a strategy consultant following his MBA. He also has a keen interest in technologies impacting or disrupting
Bitcoin Scam Generated $135,000 Daily From Thousands of Investors
MichaelWuensch / Pixabay South African investors are livid today, as reports surfaced yesterday regarding a Bitcoin scam that has defrauded thousands of people. The scam originated within a company called Bitcoin Wallet in Ladysmith, South Africa The firm allegedly claimed that it could produce profits of 100% for investors within 15 days. These promises of high returns turned out to
Economist: 'Bitcoin Is a Gambling Instrument for Chinese, Koreans and Japanese'
Economists seem to be really bagging on crypto lately. Speaking to the Korea Times, noted economist Andy Xie said that there’s basically no way that cryptocurrencies will be recognized as legal currency. "Bitcoin is primarily a gambling instrument for Chinese, Koreans and Japanese," Andy Xie, a vocal critic of the bitcoin craze, told The Korea Times. "Even though so many
NCR Acquires Online Banking Platform D3 Technology
FinTech
NCR Corporation NCR has acquired D3 Technology, Inc., a provider of online and mobile banking for the large financial institution market. Read more at Benzinga. Photo: uberof202 ff
Attempts To Block Facebook’s Libra Cryptocurrency May Backfire
Consumer group: Congressional attempt to block Facebook‘s Libra cryptocurrency harms consumer choice and will backfire Simon / Pixabay Washington, D.C. – Days after Facebook announced its new Libra cryptocurrency project, federal lawmakers issued stark warnings to the social media platform, and have now requested the project be put on ice. [REITs] Q2 hedge fund letters, conference, scoops etc The lawmakers
Sumitomo Invests $90 Million in Insurtech Firm Singapore Life
Singapore Life has become quite popular with investors lately. According to The Business Times, Japan’s Sumitomo Life Insurance has invested $90 million in digital-focused insurer Singapore Life. The deal gives Sumitomo 25% of the company, while raising Singapore Life’s valuation to $358 million. Earlier this year, Scottish asset manager Aberdeen Standard Investments took a minority stake in Singapore Life for
Fintech Is Opening A New Way Of Extract Knowledge
ValueWalk’s Q&A session with Ruggero Gramatica, the CEO of Yewno. In this interview he discusses Yewno’s goal, focusing on Fintech, if Yewno is meant for institutional or retail investors, offering derivative data feeds to Yahoo Finance, and using the using the knowledge graph. Image source: Pixabay Can you tell us about your background? Over 20 years of experience in startups
How To Secure Your Crypto Funds
Even though this year hasn’t even reached its middle yet, it has already seen about 10 significant hacks trying to get hold of large sums of money people to hold in cryptocurrencies. After the largest incident in May involving the $40 million that Binance lost to a hack, today another crypto exchange, namely Bitrue based in Singapore, has faced a
Two Arrested in Connection to 2016 Bitfinex Hack
Here’s an interesting turn of events; two computer programmers, brothers Eli and Assaf Gigi, have been arrested in Jerusalem in connection to one of the world’s largest and most prominent cryptocurrency hacks: the now billion-dollar 2016 Bitfinex hack. The duo, according to Finance Magnates, were long suspected of “systematic” cryptocurrency theft and were arrested during a raid. Eli Gigi, the