Webinar — Ask me about Fintech and entrepreneurship

Ask-me-anything style webinar with Patrick Kuczynski, BComm 11, CFA, co-founder and COO of ShareAlpha. Patrick will answer your questions about the realities and challenges of building a Fintech product, his background, why he chose entrepreneurship, ShareAlpha’s vision and investing style and how they differentiate themselves from their competitors.

When: Tuesday, October 30, 2018, 5:30 – 6:30 p.m., Eastern Daylight Time
Where: Online

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PSA: Hackers Are Using Fake Flash Updates to Hide Cryptocurrency Mining Malware

It has been discovered that fake Adobe Flash updates are being used to surreptitiously install cryptocurrency mining malware on computers and networks, creating severe losses in time, system performance, and power consumption for affected users. According to Unit 42 threat intelligence analyst Brad Duncan, some samples impersonating Flash updates have borrowed pop-up notifications from the official Adobe installer. These fake Flash updates install unwanted programs like an XMRig cryptocurrency miner, but this malware can also update a victim’s Flash Player to the latest version. Duncan encouraged Windows users to be more cautious about the kind of Adobe Flash updates that they try to install, stating that while the Adobe pop-up and update features make the fake installer seem more legitimate, potential victims will still receive warning signs about running downloaded files on their Windows computer.

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Fintech Startup Wallex Raises Pre-Series A Funding Round Led By BEENEXT

Wallex Technologies, a fintech startup based out of Singapore, has closed its pre-Series A funding round, without disclosing the amount raised. The round was led by BEENEXT, along with the participation of Central Capital Ventura and Indonusa Dwitama. The company develops an online cash management platform, focused on serving SMEs in Southeast Asia. The newly raised capital will be used by the company to further develop its product features and offerings to better serve the region’s SMEs and expand their market reach in the region.

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Visa to showcase Developer Platform and Fintech startups at GITEX Future Stars

Visa will showcase its Visa Developer platform and fintech partners from regional programs including winners of its ‘Everywhere Initiative’ and participants of DIFC’s Fintech Hive accelerator program, at the GITEX Future Stars. GITEX Future Stars is the largest startup event in the Middle East, Africa & South-East Asia, where startups, potential investors, corporate and government buyers come together to meet and connect.

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CryptoEvent RIW: Russian Internet Week Blockchain Conference Nov 21-23

CryptoEvent RIW is a massive international conference and exhibition event that will take place within the Russian Internet Week. The event will focus on blockchain, cryptocurrency, and the development of Fintech. The topics of discussion will include how to find investments and work with the funds received, the analytics of the ICO market, experience of successful projects, and the launch of ICO in new realities. Other topics of discussion will include laws of cryptocurrency, the state regulations, marketing of block projects, ICO for attracting investments, and using blockchain in game design.

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First ICO on the Bitcoin Cash Blockchain Raises $30 Million in 2 Hours

ViaBTC, a major cryptocurrency mining pool company, has reportedly raised $30 million in a little over 2 hours via an ICO conducted on the Bitcoin Cash (BCH) blockchain, a first of its kind. 750 million VIAT was sold in the ICO on October 8 and fifty percent of the fixed 2 billion token supply will be released and issued via the method of “DUO Mining.” This functions to deliver daily VIAT payouts based on user mining activities.

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RBI’s local data storage norms kick in today; foreign firms seek more time

Reserve Bank of India (RBI), the country’s central bank and regulator, had made it clear that global payment companies will have to store transaction data of Indian customers within India. The RBI’s deadline for global fintech companies to comply with its data localisation norms kicks in on Monday. Senior officials said the deadline will not be deferred despite requests from foreign companies as they have already been given six months to prepare their systems for local storage of data. Although domestic companies have welcomed the guidelines, global companies fear increase in their expenses for creation of local servers. To avoid this rise in cost, global companies in recent meeting with the RBI proposed to provide mirror data instead of original data to which the central bank did not agree.

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Does Cryptocurrency Have Speculative or “Real” Value? Is There a Difference?

One of the strongest narratives in the midst of the present crypto bear market is that of speculation vs. use, of what is perceived as “real” value compared with “fake” value of investors buying it for speculative reasons. Much of the discussion revloves around classifying most projects as speculative, while preferred ones are branded as legitimate. In reality, however, the differences between the two sources of valuation are not so black and white, and projects do not simply transition from all speculative to all practical over time. In fact, speculation is likely to persist during the entire lifespan of the project, but shift to different aspects and developments.

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Bithumb Sells $350 Million Stake in Its Cryptocurrency Exchange to a Blockchain Consortium

Bithumb, one of the most important exchanges in South Korea, has sold approximately 38% of its shares to BK Global Consortium, a blockchain investment firm that emerges as the blockchain arm of BK Global, a plastic surgery medical group located in Singapore. The negotiation had a value of 400 Billion Won, which is equivalent to about 350 Million Dollars. Bithumb has had a difficult year after the security problems that its platform has presented. A hack suffered some months ago for a value close to 15 million dollars added to a series of wash trading accusations caused the popular exchange to be delisted from CoinMarketCap’s global index. Previously Bithumb was one of the top 10 exchanges across the world.

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The fintech interview: Part 4 Akoni

In Karl Flinders’ latest fintech interview meet London based Akoni, a company which offers SMEs a platform that provides functionality normally reserved to large corporate treasury departments. Read how Akoni’s platform links SMEs to banks and automates the process of finding the most appropriate financial product to keep their capital by using an algorithm that works out what best suits their needs by taking into account when capital is needed as well as the level of risk they want to take.

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