Finserv not ready for blockchain yet, McKinsey says
The industry’s complexity makes it harder for blockchain to be implemented.
Cryptocurrency
Andreessen Horowitz unleashes $300m crypto venture fund
It’s called a16z crypto and seeks to tap into the latest craze.
Trade.io launches crypto-to-crypto exchange
Lugano-based exchange backed by a $50 million liquidity pool.
Top fintech stories this week – 29 June 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
solarisBank bridges the gap with Blockchain Factory
Wants to become a banking partner for cryptocurrency and blockchain industry.
Mexico preps fintech law for crypto and AI boost
Banking and Trading National Committee says September will see its full release.
UK start-up Congo to build e-commerce infrastructure
London-based firm is inspired by WordPress and Magento.
Stellar to acquire crypto firm Chain for $500m
Stellar is more interested in the developers rather than its technology.
Abu Dhabi regulator brings crypto under control
Follows the completion of a public consultation.
Crypto firm Fantom menaces rivals with $40m funding
Will build directed acyclic graph-based smart contract platform.
Israel’s crypto regulations drama drags on
Now the Association of Banks in Israel demands regulation.
Square acquires crypto licence in NYC
Gearing up for launch of Cash App, which includes crypto exchange services.
South Korean crypto exchange Bithumb victim of $31m heist
Deposits and withdrawals have been subsequently stopped.
How to solve a problem like cryptocurrencies
Regulation is a catalyst to convert bad money into good.
Blockchain-based PlasmaBank breaks into Asia and Europe
The platform will also act as a marketplace for other financial products and bank accounts.
How blockchain could change the global remittance industry
The scope of blockchain for remittance is increasing in emerging markets.
Fintech funding round-up: 15 June 2018
USA! USA! Features Strangeworks, Eventador.io, SeriesX, Unchained Capital and ALTR.
Apple restricts crypto mining on iOS
Cloud-based mining apps are, in theory, still allowed.
South Korean crypto exchange Coinrail derailed in hack
30% of the coins have been lost and Bitcoin’s value drops.
Alternative investor DarcMatter and crypto fund #Hashed team up
Alternative investment platform DarcMatter teams with South Korea’s crypto fund #Hashed.
Blockbid teams turns to LexisNexis for AML compliance
Blockbid shoring up its AML safeguards by turning to LexisNexus Risk Solutions’ ThreatMetrix.
Money20/20 Europe: stop the crypto tribalism
Welcome to polarised missives and glorified databases at the Amsterdam event.
Banking Technology June 2018 issue out now
A sublime eternal tune to the rhythms of fintech.
Ex-Simple co-founder preps developer app for launch
Shamir Karkal wants to help developers get fintech apps to market.
Israel postpones cryptocurrency exchange regulations
Four month delay greeted with deep disdain by fintech firms.
Webinar: From the high street to cryptocurrency – digital ID verification for on-boarding and compliance
Register for this live webinar, taking place on 20 June.
Interstellar crypto exchange sets its sights on the stars
Cameroon-based firm offers a Proxima Centauri update.
Criminals capture $1.2bn in cryptocurrency since 2017
Anti-Phishing Working Group reveals the danger… and damage.
Bank of England’s digital currency pushes ahead
The central bank digital currency (CBDC) begins to take shape.
Italian cryptocurrency exchange BitGrail’s quest halted
You’re under arrest sugar!
eToro in bullish mood with US cryptocurrency exchange launch
The firm will offer ten different cryptocurrencies.
Infographic: the evolution of international money transfers
From the barter system to Bitcoin.
Circle raises $110m and creates dollar-pegged cryptocurrency coin
Each token backed by reserves of US dollars.
Coinbase unveils institutional grade solutions for cryptocurrency trading
In crypto, when the going gets good, the good go institutional.
Ex-JP Morgan duo launch blockchain start-up Clovyr
There’s no lack of Quorum with the new firm.
Opinion: blockchain is not only crappy technology but a bad vision for the future
No matter how much blockchain improves it is still headed in the wrong direction.
London Block Exchange adds five new coin offerings
LBX stands out in a tighter crypto-regulation environment with five new coin offerings.
Trading app Robinhood feeling merry with $363m funding
Series D round puts its valuation at $5.6 billion.
Infographic: How to spot cryptocurrency scams
I pity the fool that doesn’t look at this anti-scam infographic.
Christine Lagarde, IMF: an even-handed approach to crypto-assets
A judicious look at crypto-assets leading to neither crypto-condemnation nor crypto-euphoria.
