Another week has closed with another crypto price rally, in what has been a banner year for the market. Bitcoin's been enjoying historic highs - though not without some of its trademark volatility - throughout 2021, and with another climb to $50,000 Friday that trend doesn't look to be ending anytime soon. But Bitcoin's surge wasn't the only story in crypto this week - along … [Read more...] about Could Altcoins Surpass Bitcoin?
Chinese Commodity Exchange Uses Digital Yuan to Pay Storage Fees
Letter From Shanghai No 738 - Blending e-CNY and the HKEX A50 This week we feature a guest post from John Browning, founding partner of Hong Kong commodity and financial futures broker BANDS Financial. In reporting on the state of and statistics on the Chinese economy, Browning follows the development by the People’s Bank of China (PBOC) of e-CNY, its digital yuan*. We last … [Read more...] about Chinese Commodity Exchange Uses Digital Yuan to Pay Storage Fees
FinTechs Led in PPP Fraud, UT Study Shows
Paycheck Protection Program (PPP) loans presented trouble for FinTech lenders, a University of Texas study released Tuesday showed. The study, which examined more than 10 million loans for potential red flags, showed 9 out of 10 of the highest rates of suspicious loans being approved by FinTechs. To some extent, this dubious distinction makes some sense; more than 70% of all … [Read more...] about FinTechs Led in PPP Fraud, UT Study Shows
Chicago News: Cannabis Payments, FinTech Partnerships, Record VC
As a Chicago-based publication, FInTech publishes occasional updates on FinTech news and reports from Chicago's vibrant finance and technology organizations. A Guide to Cannabis Payments Building on success and partnerships in cannabis payments processing, AeroPay published the 2021 Guide to Cannabis Payment Processing Solutions. The startup provides a platform that moves … [Read more...] about Chicago News: Cannabis Payments, FinTech Partnerships, Record VC
Institutional DeFi 101
During a week that featured a dramatic battle over crypto taxation in the U.S. Senate, a major recovery in the price of bitcoin and ether, and the most bizarre crypto hack and recovery ever, the steady interest in decentralized finance by institutional investors continued. The evidence: a steady stream of comprehensive DeFi research for institutional investors. The … [Read more...] about Institutional DeFi 101
In FinTech We Trust
As the digital revolution becomes more and more ubiquitous, the question of what’s going to make FinTechs stand out from the pack becomes increasingly more pressing. The answer, that said, is as old as business – reputation and trust are the drivers that will make or break any financial company no matter how cutting-edge their technology products. How best to build that … [Read more...] about In FinTech We Trust