In the fintech community, financial inclusion isn’t usually a question about whether it’s needed, but is instead about which one of a growing number of technologies is best suited to achieve it — or will be first out the gate with a practicable solution. And even where technologies are identified and named, it doesn’t take long … Read more
After two-and-a-half years of development, the Celo Foundation has announced that its mainnet has officially launched. Tim Moreton (Photo: Celo) The proof-of-stake blockchain enables digital currencies to be sent to phone numbers instead of blockchain addresses. The group said in a release that the launch paved the way for its ERC-20 staking token—Celo Gold—to be … Read more
A new study released by venture capital firm, MMC Ventures, found that UK blockchain companies are turning to traditional capital raising strategies, noting that the Initial Coin Offering, or ICO, model is becoming “increasingly” difficult to utilize. According to the research published on April 30, ICOs represent a “valuable” funding source for open-source projects. However, … Read more
By Chris Brummer* China tracks individuals without their permission. And the United States won’t do so at all. The question, increasingly, is whether there’s something in between. The objections to China’s approach are pretty obvious. The crisis offers an opportunity for the country’s leaders seeking to extend the authority of China’s Communist Party … Read more
Singapore-based blockchain firm BCB Blockchain has signed a memorandum of agreement (MoA) with a branch of the Philippines’ Department of Science and Technology (DOST) to support the development of local smart cities. Per a Nov. 23 press release, BCB Blockchain contributed $300,000 to support incubators and startup accelerators in the Philippines by signing an MoA … Read more
Bitmain is going through a power struggle between its main founding members. Jihan Wu told Bitmain’s staffers that Micree Zhan was being laid off. Zhan said he was ousted without consent and is prepared for a legal battle. Bitmain Co-Founder Micree Zhan was recently forced out of the firm without any consent or prior knowledge. … Read more
Blockchain and artificial intelligence startup, Core Scientific has acquired Stax Digital to further develop its infrastructure and software solutions. In a Sept. 27 press release, Core Scientific announced the acquisition of blockchain mining company Stax Digital, the creator of the most widely used GPU mining program, Honeyminer. Stax Digital’s CEO, Noah Jessop, said: “With Core … Read more
Steven Maijoor, chair of the European Securities and Markets Authority sat down with Georgetown Law professor Chris Brummer to discuss EU regulatory policy, as well as his thoughts on the impact of Brexit on the EU’s burgeoning regulation of fintech and cryptoassets. The discussion produced by Roll Call was held at Georgetown University Law Center … Read more