In response to the COVID-19 pandemic, the CFTC is changing up the format for its annual Fintech Forward conference.
Fintech is an industry composed of companies that compete with traditional financial institutions by implementing new, innovative technologies into their working process. The cryptocurrency Fintech sector has been exploring the use of blockchain and blockchain-based applications as a new technology to challenge traditional ways of doing business. Blockchain, smart contracts and cybersecurity are some of the most actively researched areas of Fintech. Crypto Fintech sees cryptocurrencies as a means of establishing a secure and traceable way of transferring assets and getting rid of intermediaries. However, blockchain is not only suitable for regular transactions, but may help in such fields as voting and dividends management by establishing a trusted and immutable network with unchangeable records about past events.
A temporary nuisance for crypto debit card holders, the Wirecard debacle reminds the public of the problems blockchain technology was designed to fix.6019
Shareholders in German fintech Wirecard are taking legal action against Big Four auditor EY in the fallout from the scandal now engulfing the company.5361
Most believe that the FCA’s latest efforts to monitor the U.K.’s crypto ecosystem are a step in the right direction.6025
Wirecard is now filing for insolvency as a sudden $2.1 billion hole in its balance sheet wipes out 32% of the supposed assets owned by the company.4535
The CEO of Wirecard, who resigned recently, was arrested by German police under accusations of conspiring to inflate assets and revenue to entice investors.9083
Security token exchanges could prove to be an option for companies that are seeking public funding but can’t partake in the current IPO process.4939
Now, more than ever, the need for economic efficiency and transparency is omnipresent, and emerging technologies such as blockchain have highlighted the dire need for such solutions.3592
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.4878
The Saudi Arabian Monetary Authority has transferred funds to local banks using blockchain technology.9915
London-based tech startup Revolut confirmed its employee downsizing numbers.4339
Mexico’s blockchain sector is producing robust growth, with the sector having nearly doubled in size since 2018.2937
U.S. footwear giant Nike has entered a new affiliate partnership allowing customers to earn up to 3% from online purchases with crypto.14333
The Millennial generation will lead humanity to an era of new financial technology as they drive Bitcoin adoption through the next decade.10364
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.6529