Managers of Wealth Fintech

Blockchain could be a solution to supply chain problems

The World Economic Forum rolled out a guide for deploying the technology

32 banks incl BNP Paribas, Crédit Agricole go live on blockchain for interbank reconciliations

The permissioned solution uses R3’s enterprise blockchain Corda which enables only the two participating banks to share the transactions with each other.

Japanese Financial Giant SBI and SMFG to Partner for Digital Banking

Sumitomo Mitsui Financial Group, Japan’s 2nd-largest lender by assets, will sign an agreement with SBI Holdings for new smartphone services.

Digital Currency Revolution Series: Can Ripple Penetrate Japan? FXcoin Pilots Remittance-Friendly XRP

FXcoin Co Ltd established its business and has begun accepting applications for opening an account exclusively for physical transactions of crypto assets in May and XRP remittance.

The Impact of Blockchain: From Coronavirus and Business Applications to Data Security

Nobody can monopolize the Blockchain, and all participants play a role in ownership and authentication of transactions.

UK Real Estate Cryptocurrency Breezecoin Lists on Bithumb Global

Breezecoin is tied to physical assets, namely real estate assets.

Bitcoin Halving: A New Class Of Bitcoin Millionaires May Emerge

During the halving, block rewards are cut in half, which in turn, limits the supply of bitcoins.

The Netherlands’ AMLD5 Interpretation Appears to Be Killing Crypto Firms

Under Dutch law, businesses pay for their own regulations out of pocket.

Big Four Accounting Firm Wants To Empower Enterprises With Ethereum

These goals sound very promising and nice but the path to get there can be challenging as enterprises are struggling to feel comfortable with the existing compliance rules and regulations and to overcome their fear of exposing their private data and asset

The Netherlands to get its own central bank digital currency?

It also noted that there is an accelerating global decline in the use of physical cash due to the current pandemic. If the trend continues, CBDC could be used as a potential solution.

Cuba now has its own bitcoin exchange despite restrictions

The Italian-Cuban crypto entrepreneur first launched the Qbita pockets final November.

How AI can help the post-corona recovery

In a recent interview with technology news site The Innovator, Boston Consulting Group (BCG) AI expert Sylvain Duranton outlined how AI-powered companies may be well positioned to thrive once the Covid-19 crisis abates.

Binance Spinoff Aims To Be Bitcoin-Powered Venmo Of Africa

The startup is being run by Africans in an effort to get Africans to use cryptocurrency, not as an investment vehicle, but as a global means of exchange.

Gibraltar moves to tighten regulation of cryptocurrencies

We opted for regulating this space in a more financial services-based way, which became what we called the core principles.

Nets and KPMG explore the power of AI in fraud prevention

UK banks and card companies prevented £1.66 billion in unauthorised fraud in 2018 alone.

Hong Kong’s 1st-Ever Bitcoin Hedge Fund Targets $100M AUM in 1 Year: Report

Arrano Capital also has plans to launch a second fund based on a variety of cryptos later this year.

Hong Kong Welcomes First Approved Crypto Fund

The fund will initially seek to target $100 million in assets under management in the first year, according to a Bloomberg report citing Arrano Capital’s chief investment officer Avaneesh Acquilla.

Hong Kong rolls out first SFC-regulated Bitcoin fund

The crypto fund, which purchases, hold and tracks the price of Bitcoin

Facebook’s vision for a new cryptocurrency gets watered down as it attempts to woo regulators

The move represents a big change for libra, which Facebook originally pitched last year as an alternative global system that would make it easier to make digital payments no matter where in the world you are.

Japan’s Third Largest Bank Completes Blockchain Trade Finance Test

Based mostly on that assure, SMBC would have been capable of undertake receivable financing in a real-world setting.

Bitcoin, Blockchain & AI