2020 saw a notable increase in the need for and availability of fintech solutions across various industries, such as personal banking, transportation, and food service, with many apps already utilising data aggregation techniques to make one-touch purchases and payment options the new standard. Companies like Uber and Amazon use frictionless data aggregation to curate a…
Category: Blockchain
Future FinTech (FTFT), a leading blockchain eCommerce company and a financial technology service provider, has announced that its wholly-owned subsidiary, Future Commercial Group, has begun cooperating with the School of Economics and Finance at Xi’an Jiaotong University to establish a blockchain finance research institute. Future Fintech and the School of Economics and Finance of Xi’an…
Crypto firms Tether and Bitfinex have reached a settlement with the New York Attorney General’s (NYAG) Office over a controversial case that began in April 2019. As part of the settlement, both firms must discontinue any trading activity with New York citizens and are also required to provide quarterly reports and public disclosures on core…
Volvo owner Geely Holding and Switzerland-based Concordium have signed a joint venture deal that will provide Chinese customers with blockchain technology that can be used to build new business models and create decentralised applications. The joint venture, which is expected to be operational later this year after regulatory approval is secured, will use Concordium’s blockchain…
Universal Carbon (UPCO2) has become the first environmental crypto commodity to be listed on leading digital asset trading platform Bittrex Global. UPCO2 is marketed as the world’s first tradable REDD+ carbon credit token and was launched on December 1 2020. As this publication reported last month, crypto broker Uphold noted the concept as one which “democratises…
Umbria Network, a decentralised finance (DeFi) platform on the Ethereum blockchain, has announced it will be building its applications on the Polygon network. Polygon, formerly known as Matic, provides scalable, secure, and instant Ethereum transactions using plasma side chains and a proof-of-stake (PoS) network. It is one of the most active layer-two Ethereum scaling solutions in…
Major auction house Christie’s will open bidding this month for an online-only sale of ‘Everydays – The First 5000 Days’ by prominent digital artist Mike Winkelmann, known online as Beeple. The sale is claimed as first time that a purely digital NFT (non-fungible token) based work of art has ever been offered by a major…
Cryptocurrency exchange platform ShapeShift has released a new in-depth report on new smart contracts protocols – and has cited Cosmos, Polkadot, and NEAR with particular potential for decentralised applications (dApps). The report, authored by Kent Barton, head of research and development at ShapeShift, is the first in a series of three reports to be published…
Financial services giant Mastercard has announced that it will begin supporting a select number of cryptocurrencies on its payment network later this year. In a recent blog post, the company stated that it is ‘preparing… for the future of crypto and payments’ as it becomes the latest major corporation to embrace the use of cryptocurrencies.…
Elder Research, a provider of artificial intelligence (AI) and data science technologies, has signed a strategic partnership with Smarter Contracts, a UK based fintech company focused on data privacy. The two businesses are preparing to launch the first of its kind data privacy platform, by combining the unique features of blockchain technology with artificial intelligence.…