Search Results for: P2P
Bitcoin exchange Quoine raises $20m venture investment
June 21st, 2016
Quoine, a Singapore-based Bitcoin exchange, has closed a $20 million funding round, leveraging off the large opportunity for Bitcoin in the Japanese market, led by venture capitalists (VCs) and other ‘strategic investors’. It’s last funding round was a $2 million ...
Contactless payments take off in Canada
June 1st, 2016
The value of contactless payments made by consumers in Canada more than doubled over the past year, according to a new study published by Technology Strategies International Inc. The report titled, Canadian Payments Forecast – 2016, estimates that the ...
Deloitte trashed the hype around the $US180 billion fintech industry
May 24th, 2016
Deloitte just trashed the hype around the online lending industry. The accountancy and consultancy practice has done a deep dive on the online lending industry and its conclusions should make for devastating reading for anyone connected to the sector. ...
Creditbit Claims to Be ‘Ten Times Faster’ Than Bitcoin
May 16th, 2016
Creditbit, an “open source digital currency protocol,” reports that it is “10 times better than Bitcoin when it comes to the speed and rate of transactions.” The team behind this altcoin is preparing for what they believe will be ...
Fintech Offer Opportunity To Investors
May 11th, 2016
Fintech is changing the way consumers interact with financial services and a key area for investors. Financial technology is shifting the business model away from cost per transaction to monetising data and advertising. New technologies include peer to peer ...
Investment pros wary of robo-advisor threat
May 4th, 2016
Investment professionals around the world expect robo-advisors to start replacing humans in the mass affluent market, but are far less concerned that computers will oust them from their work with higher net worth clients. Of 775 investment pros surveyed ...
RBI:India Cuts Rates,First Bi-monthly Monetary Policy Statement, 2016-17
April 5th, 2016
Part A: Monetary Policy Monetary and Liquidity Measures On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to: reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 ...
China’s regulator vows to get tough on online brokers
March 15th, 2016
China’s top banking regulator has vowed to crack down on illegal fundraising activities by unscrupulous online brokers and warned investors to be wary of their schemes. Shang Fulin, chairman of the China Banking Regulatory Commission, said at a news ...
7 Asian Banks Investigating Bitcoin and Blockchain Tech
February 17th, 2016
Until recently, there was a noticeable lack of interest in bitcoin and the blockchain among the financial institutions of Asia. In fact, banks there were more likely to be issuing warnings about digital currencies than getting involved in any related activity. It was the fall of Mt Gox in ...
Japan’s Largest Bank developed its own digital currency
February 4th, 2016
Bank of Tokyo-Mitsubishi UFJ (MUFG) has revealed that it has developed its own digital currency nicknamed “MUFG coin” as part of its research into blockchain and distributed ledger technology. According to The Asahi Shimbun, the digital currency project seeks ...
