Cryptocurrency Analysis and News Portal
American financial technology firms are now able to help Main Street businesses affected by the COVID-19 crisis via a federal relief plan, but cryptocurrency-native companies apparently don’t fit the bill.Last week, the United States Small Business Administration released an application form for nonbanks to sign on as lenders under
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SoftBank Group Corp (SFTBY), the parent company of Fortress Investment Group is expected to lose $12.5 billion for the fiscal year that ended in March, per an April 13 report from Bloomberg.WeWork — $24 billion lossIt seems that Vision Fund is the main culprit of the anticipated loss. SoftBank
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United Kingdom-born digital banking app Revolut is launching today, March 24, in the United States — but investors will have to wait for its crypto trading functionality to be up and running.Revolut’s rollout in the U.S. follows a major partnership with Visa back in October, which paved the way
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Thai fintech DeeMoney has deepened its integration with blockchain-based financial services network RippleNet, further consolidating Ripple’s presence in Asia.As the first non-bank institution in Thailand to sign on to RippleNet, DeeMoney already processes inbound transfers using the blockchain network along remittance corridors in the Middle East and Gulf Regions,
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The first round of negotiations between the United Kingdom and the European Union to determine their future, post-Brexit relationship took place between March 2 and March 5 in Brussels, Belgium. The outcome of these negotiations will shape the way the two work together following the end of the transition
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Investment holding company 8i Enterprises Acquisition Corp. and blockchain financial services and technology firm Diginex have scheduled a shareholders meeting to consider the proposed business merge.The special meeting will take place on March 20 in New York, according to a Feb. 24 press release. Initially, the companies announced the
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In 1981, American Airlines’ launched their Frequent Flier Programme which is often regarded as the first full-scale loyalty programme of the modern era. As technology evolved, loyalty programmes progressed into a data-grabbing tool for brands, masked under marketing as “beneficial perks” for the shopper.Despite this, over half of customers rated
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The Bank for International Settlements (BIS) has appointed heads at the BIS Innovation Hub’s centers in Singapore and Switzerland.In a Feb. 19 announcement, the BIS revealed that Andrew McCormack — who currently serves as chief information officer at payment clearing and settlement firm Payments Canada — will now be
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As not a day goes by without another cryptocurrency partnership, one of the biggest crypto exchanges in South Korea has begun new cooperation.Major South Korean cryptocurrency exchange Bithumb has partnered with Singaporean crypto trading platform BitMax to jointly develop new services and products.BitMax’s staff includes former experts from Morgan
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The United States Commodity Futures Trading Commission’s fintech lab will host office hours during New York Fintech Week.In April, the CFTC’s fintech research unit, LabCFTC, will host office hours during New York Fintech Week to engage with innovators in the field, according to a recently published announcement.LabCFTC’s objective is
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