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A former executive of FTX allegedly earned profits for a charity by purchasing discounted FTX tokens, FTT, before they became available to the public at $0.05 per unit, according to a report citing anonymous sources. Ruairi Donnelly, the former chief of staff at FTX, has been accused of donating the tokens to Polaris Ventures, a … Read more
During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has put the concept on hold … Read more
The pact between the two nations’ financial technology associations will see cooperation on technology, including blockchain, to power their respective financial industries. Go to Source Powered by WPeMatico
A Tokyo-based financial technology company called Kyash has raised $41.2 million in a Series D funding round which saw participation from the Block (formerly known as Square). The investment into the Japanese mobile financial app firm is the Block’s first investment in the Asia Pacific region, according to the announcement. Fintech Firm Kyash Gets a … Read more
Financial technology (fintech) has exploded during the last two years and cryptocurrency and blockchain firms have bolstered the billion-dollar industry. A recently published study by Utility Bidder indicates that the industry is predicted to surpass $382 billion by 2027. Moreover, fintech firms that are blockchain-specific are projected to be worth over $67.4 billion by 2027. … Read more
The IOTA Foundation is teaming up with one of Austria’s most prestigious universities to foster research in distributed ledger technologies. Go to Source Powered by WPeMatico
Chinese exchanges are becoming increasingly blockchain-friendly Go to Source Powered by WPeMatico
Yam Finance uncovered a bug the day after ShapeShift CEO Erik Voorhees called the project a scam. Go to Source Powered by WPeMatico
France’s Financia Business School, which offers post-graduate courses in financial and blockchain technology, now allows students to pay their fees in cryptocurrency. Since the institution introduced the measure, about half a dozen students have paid in BTC for the 2018 academic year. Also Read: Okex Cryptocurrency Exchange to Delist 42 Trading Pairs Cryptocurrency to Cut Transfer … Read more
The dominance of the United States dollar as a settlement currency in Africa is being challenged by emerging payment methods in financial technology and by native African fiat currencies. In the four years to 2017, fewer people in the continent of 1.2 billion transacted via the US dollar than they did with their local currencies … Read more
