Tag: Fintech News

China’s President Xi Jinping Urges G20 to Further Digital Economy Development & CBDCs at Summit

China’s President Xi Jinping Urges G20 to Further Digital Economy Development & CBDCs at Summit

Under the COVID-19 pandemic landscape, the 2020 G20 Ridyah Summit took on a different form as world leaders gathered online on a single digital platform to table their discussions. Centred mostly on how to move the world forward under the adverse impacts of the pandemic, China President Xi Jinping stepped forward to urge his counterparts […]

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Investment Management Firm BlackRock’s CIO Thinks Bitcoin is More Functional Than Gold

Investment Management Firm BlackRock’s CIO Thinks Bitcoin is More Functional Than Gold

CNBC has gone on a slew of interviews with multiple Wall Street and financial leaders in the past two weeks, and the latest to go on record is BlackRock’s chief investment officer Rick Rieder. While not fully advocating for Bitcoin and digital assets, Rieder admitted that there is longevity in the bellwether cryptocurrency as an […]

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US OCC Proposes Rule to Prevent Crypto Firms From Being Unfairly Denied Banking Services

US OCC Proposes Rule to Prevent Crypto Firms From Being Unfairly Denied Banking Services

Crypto-related businesses across the world regularly face red tape and unnecessary restrictions and these challenges make it doubly hard for firms to operate in any given jurisdiction. From being denied financial services with banks such as opening business accounts, or having to go through tedious, long-drawn processes to get the business licensed and more, it […]

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Nasdaq Traded Monaker Group Enters Thai Market after Acquiring ICO Portal Longroot

Nasdaq Traded Monaker Group Enters Thai Market after Acquiring ICO Portal Longroot

Thailand’s crypto market is one of the least accessible to international companies in the region due to its strict and regularly-changing laws. Currently, only licensed crypto businesses are allowed to operate within its borders under several classifications, crypto exchanges and ICO portals being two of them. According to a press release, licensed company Longroot, which […]

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Top 3 Automated Crypto Trading Bots in the Market Right Now

Top 3 Automated Crypto Trading Bots in the Market Right Now

At a glance, relying on the use of a high-functioning, algorithmically-driven trading bot seems like a no-brainer as this is fundamentally a machine that can help traders earn money efficiently. With variegated cryptocurrency exchanges, digital assets and a wide array of price points, it is impossible for the average trader to keep up and maximize […]

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US PayPal Users Can Now Trade Cryptocurrency on Platform

US PayPal Users Can Now Trade Cryptocurrency on Platform

A new service from PayPal allows its customers to buy, hold and sell cryptocurrency directly from their PayPal account. PayPal has announced the official launch of Bitcoin buying, selling and trading on its platform for US customers only. Having revealed its plans to integrate cryptocurrency payments only last month, PayPal has worked swiftly to make […]

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Leading Thai Bank Makes its Foray into DeFi with Alpha Finance Lab

Leading Thai Bank Makes its Foray into DeFi with Alpha Finance Lab

Thailand’s largest commercial bank Siam (SCB) is taking its first step into decentralized finance (DeFi) with a recent collaboration with Alpha Finance Lab (AFL), which is known for building a cross-chain DeFi-centric ecosystem that enhances interoperability across different blockchains. According to a press release, this partnership will see the SCB 10X, the bank’s venture capital […]

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