Archive
24 Fintech Unicorns Were Born in 2019
In 2019, a record of 24 fintech unicorns were born, with more than half of them (13) being from the US, according to data from CB Insights. Following the US is Germany with three new fintech unicorns, and the UK
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CoolBitX Raises $16.75M In Series B Funding Led By SBI Holdings
CoolBitX, has successfully secured $16.75 million in a Series B funding round. According to their statement, the funding will help provide FATF-compliant solutions to virtual asset service providers (VASPs) around the world through their service, Sygna. The funding round, led
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4 Applications of Blockchain Technology
Blockchain technology is based on peer-to-peer topology and it encompasses a series of immutable records of data that is managed by thousands of computers around the world, not owned by any single entity. The biggest advantage of blockchain technology is
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Digital Assets Firm FinFabrik to Integrate Chekk’s KYC Solution
FinFabrik signed a Memorandum of Understanding (MOU) with Chekk to integrate Chekk’s KYC capabilities to its market infrastructure “CrossPool”, enabling financial institutions in private markets to grow new digital asset businesses powered by distributed technology. CrossPool is built to serve
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Zinvest Financial Joins the Zero-Commission Crusade
Zinvest Financial (“Zinvest”), a SEC-registered investment adviser that offers advisory & trading resources to US-Asia investors, today announced its official launch. Headquartered in Anaheim, California, Zinvest offers no-fee investment advice on US securities, access to national market data, stock trading
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A Mask Inventory System on Blockchain is Being Deployed to Fight Coronavirus in Taiwan
Taiwan’s concern in response to the 2019-nCoV Coronavirus outbreak has forced its local authorities to strictly ration the distribution of surgical masks and alleviate manpower shortages in repackaging bulk supplies through the help of volunteers. To facilitate this daunting logistical
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HK-Based Fintech Awarded “Most Innovative” in Alibaba’s Global Pitch Competition
The Alibaba Entrepreneurs Fund/HSBC JUMPSTARTER 2020 Global Pitch Competition Grand Finale today announced the top five winners at the close of the two-day event with 20,000 supporters from 100 countries and regions participated online. Up to a total US$5 million
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Mastercard’s Entry into China Paints of Picture of China’s Market Liberalisation
Mastercard was granted preparatory approval from the People’s Bank of China (PBOC) to begin setting up a domestic bankcard clearing institution in China, the company announced on February 11. The news is significant for Mastercard, which has been looking to
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Easy Euro Raises US$ 4 Million to Provide Digital Banking Services to SMEs
EasyEuro a fintech startup that describes itself as a Paris and Shenzhen based company offering digital banking services to SME trading between Europe and Asia – with initial focus on China, has announced the completion of a US$4 million pre-A funding
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3 Ways China’s Bigtechs are Helping to Tackle the Coronavirus Crisis
In the midst of the global health crisis involving the novel coronavirus (2019 nCoV), China’s bigtechs including Tencent and Ant Financial, the financial affiliate of e-commerce giant Alibaba, have deployed solutions and set up financial aid programs to help combat
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