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“# 10% of early-stage startups working on blockchain: GSER 2021 ” With venture capital funding seemingly prioritizing emerging technology, the blockchain industry experiences a significant influx of capital from corporate backers. According to the Global Startup Ecosystem Report 2021 published on Wednesday, blockchain-based businesses account for 10% of startups worldwide. The figure is part of…
“# PayPal releases new consumer app for crypto, savings and direct deposits ” PayPal has announced the release of a new app billed to be a one-stop-shop for all of the digital payment needs of the company’s customers. As previously reported by Cointelegraph, PayPal CEO Dan Schulman stated back in July that the company’s super…
“# Bitcoin is great, but real crypto innovation has moved elsewhere ” Something is brewing, and those with finely tuned noses can smell it. As traders have come to expect, Bitcoin (BTC) is doing “Bitcoin things” by bouncing around between the usual “key” support and resistance levels, and to be honest, it’s all starting to…
“# Finance Redefined: DeFi’s $4M lobsters and Solana gaming, Sept. 6–10 ” Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter. In a week where the crypto market bears returned for blood, DeFi enlisted an army of lobsters to fight its feuds. While we ponder a feasible battleground for that mammalian–invertebrate combat,…
“# Afterpay tells Senate inquiry crypto could slash merchant payment costs ” Australian buy now pay later (BNPL) firm Afterpay believes that local merchants can slash payment costs by utilizing cryptocurrencies. In a submission to the Senate inquiry into “Australia as a Technology and Financial Center”, Afterpay stated that the use of blockchain-based transactions would…
“# BTC Markets taps licensed neobank Volt for integrated banking features ” The banking capabilities of fintech have met cryptocurrencies in a new partnership between Australian crypto exchange BTC Markets and the local neobank Volt. With a license to operate in Australia as an authorized deposit-taking institution since 2019, Volt will provide corporate cash management…
“# Finance Redefined: Swindling the lender and a $100M pot, Aug. 30–Sept. 3 ” Welcome to the latest iteration of Cointelegraph’s DeFi newsletter. Just as quickly as the summer departed from our calendars, millions of funds were hacked from the wallets of Cream Finance. This has been another jam-packed week in the decentralized finance, or…
“# UK-based banking firm Standard Chartered joins Global Digital Finance patron board ” Standard Chartered, a United Kingdom-based multinational banking firm, has joined an alliance of fintech companies and banks aimed at accelerating the adoption of best practices of cryptocurrencies. In a Wednesday announcement, Standard Chartered said it would be joining crypto and digital finance…
“# Singapore central bank shortlists 15 companies to develop retail CBDC ” The Monetary Authority of Singapore (MAS) has shortlisted 15 “Global CBDC Challenge” participants to help build an in-house retail central bank digital currency (CBDC). An announcement shared by the MAS shows that the finalists include six companies from Singapore, four from the United…
“# Crypto and blockchain investments have already doubled 2020: KPMG report ” Crypto and blockchain investments continue to grow thanks to the ever-rising investor interest, according to a new report from Big Four accounting firm KPMG. Titled “Pulse of Fintech H1 2021,” the study covers global investment activities in different financial technology verticals for the first half…