The CEO of Wirecard, who resigned recently, was arrested by German police under accusations of conspiring to inflate assets and revenue to entice investors. The former chief executive officer of Wirecard, a German fintech company, has been detained by Munich police after being charged with misrepresenting the company’s balances. As reported by Reuters and many others,…
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Distributed ledger technology has the potential to solve a lot of economic and social problems, but there are some that we have to solve ourselves. The crypto community was rightly aghast at the “Bitcoin Will Save Us” poster donned by a protester against racial injustice in Dallas last week. Christ pic.twitter.com/BmRmlZnMWa — Jessica Huseman (@JessicaHuseman)…
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The Saudi Arabian Monetary Authority has transferred funds to local banks using blockchain technology. The Saudi Arabian Monetary Authority (SAMA), the country’s central bank, announced that it used blockchain technology to deposit funds to local banks. An official statement published by SAMA said that the funds were a part of the bank’s initiative to enhance…
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London-based tech startup Revolut confirmed its employee downsizing numbers. Revolut fired a number of employees since the coronavirus outbreak began, according to a story from Wired. The European fintech company responded with a statement on the numbers and rationale. “As in many companies, COVID-19 necessitated cost cutting across our business and, in the last resort,…
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The Millennial generation will lead humanity to an era of new financial technology as they drive Bitcoin adoption through the next decade. In a seminal blog post by Blockchain Capital, Bitcoin (BTC) was described as a “demographic mega-trend.” And while new technology tends to follow a path of diffusion from younger to older generations, there…
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Using regulation to one’s advantage is the main factor of an innovative fintech business. The best way to achieve it is closely monitoring the shifting regulatory landscape. Regulations are not going anywhere. On the contrary, financial service providers face more regulatory challenges and higher costs than ever before. During the early days of cryptocurrencies, a…
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Let’s take a look at some of the possible use cases for crypto and blockchain in the forthcoming years and decades. Surely though, there is much more to come. Over the last decade, we have witnessed the massive development of crypto. Formerly a geeky trend, crypto was once a questionable and not easily understandable invention…
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A recent job listing at blockchain-based payments firm Ripple indicates that it is working on a working capital loan product. The blockchain-based payment network Ripple recently added a job opening on its official website for a “Director of Product Management, Loans.” The description indicates that Ripple is working on a new loan product to help…
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A new study reveals that blockchain offers the best salaries in the UK’s technology industry. Digital lender, Capital on Tap, released figures that reveal Blockchain-related jobs offer the highest-paying salaries among all disruptive technology businesses in the UK. According to the UK-based firm, Blockchain has an average annual salary of GBP 75,000 (around $93041 USD).…
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Bank of China continues to strengthen fintech regulation, expanding pilot projects in six more cities and districts. Bank of China launched its first fintech innovation regulatory pilot project in Beijing last year. The bank announced plans to expand its regulatory pilot projects in six more cities and districts on April 27. The bank plans to…
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