Weather-tracking blockchain in West Africa, but transparency on a raincheck
A blockchain-based project aims to collect weather data generated in West Africa. Will the region be open to data sharing? Go to Source Powered by WPeMatico
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Genesis Doubles Crypto Loan Issuance for the Third Quarter to $5.2 Billion
Crypto lender Genesis provided $5.2 billion in new loans in the third quarter of 2020, more than double its previous record of $2.2 billion in the preceding quarter. Issued to corporate borrowers such as hedge funds and trading firms, the loans are mainly denominated in bitcoin (BTC), ether (ETH), bitcoin cash (BCH), and cash. According … Read more
OCC’s Brian Brooks Against Government Issued Digital Dollar – Supports Regulation of Privately Issued Stablecoins
The acting director of the U.S. Office Comptroller of Currency (OCC) Brian Brooks says the creation of the U.S. digital dollar is a terrible one because the government is not good at building things. Instead, Brooks believes tech companies, which already possess the know-how, to be in a better position to issue stable digital currencies. … Read more
Crypto Startup Avanti Receives License To Operate as National Bank in Wyoming
Crypto startup Avanti Financial Group has been granted a license to offer banking services by the Wyoming State Banking Board. The license, or bank charter, means Avanti can now operate as a conventional bank – but one with a twist, capable of holding both crypto and dollars. It plans to launch in 2021. According to … Read more
Loan refinancer and BitLiscensee SoFi is clear to launch a national bank in the US
The new bank will be subject to heightened scrutiny from the OCC for at least three years. Go to Source Powered by WPeMatico
Visa’s foray into fintech provokes DoJ antitrust investigation
U.S. authorities want information from Bain & Co about Visa’s Plaid acquisition. Go to Source Powered by WPeMatico
Paypal’s Crypto Embrace: Morgan Stanley Says Move Boon for Mass Adoption, Critics Say Payment Giant Violates Crypto Principles
The entry of Paypal into the cryptocurrency industry continues to expose the divide between traditional crypto space players who are less enthusiastic and non-crypto players who endorse the move. Non-crypto players like the analysts at Morgan Stanely are agreement with the notion that the payments giant’s move will lead to greater adoption cryptocurrencies. Nevertheless, the … Read more
BlockShow returns as partner to Singapore central bank’s fintech event
BlockShow has partnered with the Monetary Authority of Singapore to curate blockchain discussions for its five-day fintech conference. Go to Source Powered by WPeMatico
Macro Investor Dan Tapiero Says Crypto Adoption Slow: Emerging Economies Ahead of Developed States
Bitcoin and gold holder Dan Tapiero, says it is still early to talk of widespread crypto adoption as the proportion of users relative to the rest of the population remains low. Tapiero makes the remarks while referring to a study, which places Nigeria at top of the list of countries with the highest number of … Read more
Italian digital payments firms merge to create $17.6B fintech group
Italian rivals Nexi and Sia have finalized a merger to create a fintech giant that can compete in an increasingly consolidated European market. Go to Source Powered by WPeMatico