Archive for July, 2018

European Parliament: Cryptocurrency Could Replace Fiat Currency

An in-depth analysis of the fintech sector by the European Parliament Committee on Economic and Monetary Affairs revealed a highly nuanced EU Parliament position on cryptocurrencies, with the committee stating the possibility for crypto to function as an alternative to fiat currency in a variety of different applications. The EU Parliament highlights distributed ledger technology as […]

Intersekt 2018 Fintech conference increased to three days: 29 to 31 October

Billed as the largest gathering of Australian Fintech start-ups, scale-ups, hubs, accelerators, policymakers, regulators, investors and advisers, Intersekt 2018 is devoted to examining, discussing and unlocking the potential of the Australia’s Fintech market. The conference will be showcased in the Peninsula venue in Melbourne’s Docklands, and will explore what is unique about the Australian Fintech […]

British Report Says Only 5% of Cryptocurrency Investors Make Money

The IW Capital group, a Mayfair-based SEM investment house, recently conducted research on cryptocurrency investment in the UK and found out some alarming things. The report has revealed that 38% of Brits do not understand or know anything about crypto. IW Capital has also pointed out that only 5% of cryptocurrency investors have made financial gains from […]

Fear The PowerGhost Cryptocurrency Mining Malware

Kaspersky Lab has identified a new type of cryptojacker, which it dubbed PowerGhost for the malware’s ability to stealthily embed itself into a system and spread across corporate networks. The malware has been recognized in business networks globally, including North America and Europe, but with the highest occurrences so far in India, Brazil, Columbia, and Turkey. Due […]

Tickets on Sale for Security Token Industry Launch Event in NYC

The Security Token Academy, an organization focused on the security token industry, announces that tickets are now available for its Security Token Industry Launch Event. The multi-day event will both celebrate the emergence of the security token industry and explore the core foundations of the industry. When: October 4-5, 2018 Where: New York City Read more […]

Digital Garage & Tokyo Tanshi launch a blockchain financial services JV

Digital Garage, a Japanese listed company engaged in diversified online businesses, including venture investment, online advertising, and e-commerce payment services, and The Tokyo Tanshi Co Ltd, which is a provider of brokerage services in the interbank market, have announced a plan to establish Crypto Garage, a joint-venture for researching, developing, and commercializing blockchain financial services […]

KICKICO ICO Hacked, Suffers Loses of $7.7 Million USD After Smart Contract Flaw

Unlike most of the hackings so far, KICKICO’s hack attack was unique because the attackers were able to get a private key of the KickCoin smart contract. This way, they were able to get access to the smart contracts of the company. During this period, the attackers destroyed about 40 addresses and created 40 new […]

Vietnam Continues to Outlaw All Cryptocurrency Activities in the Country

A new decision by the State Securities Commission of Vietnam spells trouble for the cryptocurrency industry in the country. All public companies and funds providers are advised not to engage in any activity related to cryptocurrency. This includes their own projects, as well as extending services to exchanges, wallet providers, and so forth. It is a […]

Swiss Regulator FINMA Launches Investigation into $100 Million ICO

The Swiss Financial Market Supervisory Authority (FINMA) has opened an inquiry into the operations of Envion AG, a blockchain startup that raised more than $100 million through an ICO. FINMA said that it believes that Envion’s EVN token sale may have violated banking laws by accepting public deposits worth approximately 100 million francs (~$101 million) from […]

After Surpassing $1 Billion Payments, Patientco Raises $28M from Accel-KKR

Patientco, a healthcare patient payments platform, has raised a $28 million Series B funding round led by growth-stage fund Accel-KKR; existing investor BlueCross BlueShield Venture Partners/Sandbox Advantage Fund also participated. The Patientco platform automates the administration of payments, freeing up hospital administrators to do more important work, and provides analytics to help healthcare systems build […]