Apart from participating in the co-governance process of Klaytn, Shinhan Bank will also be involved in the development of Klaytn-based digital services.
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.
Cardano's ADA becomes the third-largest component of the GDLC basket after Bitcoin and Ether.10502
Liechtenstein's Financial Market Authority has approved a new startup called Lirium, which was founded by a Xapo co-founder and aims to streamline the integration of crypto services by banks and fintechs.4175
Twelve Russian banks including Sberbank, VTB and Tinkoff Bank will help the Bank of Russia test the digital ruble in January 2022.1977
The Monetary Authority of Singapore is seeking new retail CBDC solutions with a new global challenge offering cash prizes and expert digital currency mentorship.4893
Mode’s crypto arm Fibermode is now an official crypto asset firm in the United Kingdom, pursuant to FCA’s amended AML regulations.2779
Passive hodlers can miss out on big opportunities to make their crypto work for them. This platform wants to change that.9665
Research into central bank digital currencies will play a significant role in Hong Kong’s fintech development efforts.13657
Another hurdle financial services and institutions need to address is mainstream digital asset adoption.16608
The digital money format war could be won or lost on the battleground of tokenization.14562
Figure Technologies brings its valuation to $3.2 billion with a new round of funding.6266
The rollout of the Polkadot protocol has been ongoing since August, when the project launched its Rococo testnet.39599
The development of enterprise DeFi use cases is underway, but mainstream adoption may take longer than expected.11571
The Bank of England's deputy governor has argued that, with the possible rise of non-bank actors issuing currency, public money in digital form could serve as a crucial anchor for confidence in money as a social convention.10653
The cypherpunk was one of the first people besides Satoshi Nakamoto to mine Bitcoin blocks, and reported many of the early bugs.14180