Blockchain 

Swiss Fintech Market Grew by 62 Percent in 2018

The Swiss fintech market grew by 62 percent in 2018, according to a recent study by the Lucerne University of Applied Sciences published on Feb. 27. The Lucerne University of Applied Sciences undertook an in-depth review of Switzerland’s fintech market for the fourth time. The report dubbed “IFZ FinTech Study 2019” reveals that on a global scale the cities of Zurich and Geneva remain in second and third place for the best cities for fintech, respectively. The fintech sector inside the country grew 62 percent over the previous year. Per…

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Blockchain 

Ethereum’s Constantinople, St. Petersburg Upgrades Have Been Activated

The Constantinople and St. Petersburg network upgrades for the world’s second largest cryptocurrency, Ethereum’s (ETH), occurred today Feb. 28, according to ethstats.net. Specifically, the updates went live on the main network at block 7,280,000, in accordance with previously released schedule. Although the upgrade has two names of two originally separated updates, they have subsequently been combined into one. Per Ethernodes.org, not all Ethereum users have adopted the updates. Only 22.3 percent of Geth and Parity clients are reportedly already running the Constantinople-compliant version. Constantinople is set to bring multiple efficiency…

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Cryptocurrency 

Facebook Coin Rumors Continue to Circulate

There have been Facebook coin rumors for months in the crypto community and today, the New York Times stirred them up again. According to the New York Times report, Facebook is currently working on its own digital currency to integrate into its messaging services. Facebook Coin Rumors A few months ago, Bloomberg released an article about Facebook developing its own stablecoin to be used on its WhatsApp messaging app. This was the start of the rumor mill, although many have discussed in the past the potential of the advertising giant adopting…

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Bitcoin 

Swiss Crypto Bank Warns Customers About Company Masquerading as Partner

Switzerland-based cryptocurrency bank Dukascopy has warned customers that forex trading company GCG Asia is fraudulently claiming to be the bank’s authorized firm in an announcement published on Feb. 27. In the announcement, Dukascopy Bank —  purportedly the first regulated bank to launch its own initial coin offering (ICO) — cautions  that neither it nor any entities of Dukascopy Group have relations with GCG Asia, although the latter fraudulently claims the opposite. The warning reads: “GCG Asia is fraudulently using Dukascopy’s name and logo for attracting clients/investors, without Dukascopy Bank’s permission.…

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Bitcoin 

Hong Kong Entrepreneur Who ‘Made It Rain’ from High-Rise Arrested for Crypto Mining Fraud

A purported Bitcoin millionaire (BTC) who was previously involved in “making it rain cash” on the streets of Hong Kong, has reportedly been arrested for mining-related fraud, the South China Morning Post reports Thursday, Feb. 28. A 25-year old businessman named Wong Ching-kit and his 20-year-old colleague have purportedly been arrested by Commercial Crime Bureau officers at their office in Hong Kong. They are reportedly being held in custody for conspiracy to defraud investors by selling them cryptocurrency mining machines. Details on how or why these miner-related sales were considered…

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Cryptocurrency 

Russia Crypto Adoption | President Putin Orders Crypto Regulations

According to a document published on the Russian President’s official website, Vladimir Putin has ordered the Russian Government to adopt cryptocurrency regulations by July 1st this year. The move will help Russia crypto adoption. Setting the deadline, the Russian President has ordered the body to enforce crypto-related regulation for the digital assets industry. Russia Crypto Adoption The transcript reads the following: “Federal laws aimed at the development of the digital economy, including determining the procedure for conducting civil law transactions in electronic form, as well as regulating digital financial assets…

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Ethereum 

After a Brief Decline, Crypto Market Cap Is Stable Around $130 Billion, Stocks Are Down

Thursday, Feb. 28 — crypto markets continued trading sideways, while the total market capitalization has remained stable around $130 billion after a major sell off on Feb. 24, according to CoinMarketCap. Market visualization from Coin360 Bitcoin (BTC) is trading around $3,865, up around 0.3 percent over the past 24 hours at press time. With that, the biggest crypto has seen some volatility on the day, with its intraday low of $3,787, and the high of $3,906. After the Sunday sell off, Bitcoin is down 2.15 percent over the past seven…

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Bitcoin 

German Government to Introduce Blockchain Strategy in Mid-2019

The chief executive body of the German government, the Cabinet of Germany, has revealed that the country’s blockchain strategy will be introduced by mid-2019. The Cabinet commented on the development of fintech in the country on Feb. 26, following a request for information from parliamentarians in the Bundestag. The document notes that fintech sandboxes are currently present in five member states of the European Union: Denmark, Lithuania, the Netherlands, Poland and the United Kingdom. The Cabinet states that they will undergo an online consultation process prior to introducing the blockchain…

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Bitcoin 

Facebook Reportedly Shopping ‘Facebook Coin’ to Crypto Exchanges

Facebook is “hoping to succeed where Bitcoin failed” with its highly secretive cryptocurrency project, a New York Times (NYT) article published today, Feb. 28, argues. Citing multiple anonymous sources who spoke on the condition of anonymity, the Times pieces together the alleged contours of the project, which will reportedly aim to integrate cryptocurrency payments into its messaging services. Notably, Facebook plans to rehaul its messaging infrastructure and integrate its three wholly-owned apps — WhatsApp, Messenger and Instagram — under one canopy. As the Times notes, this would provide a future…

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Blockchain 

Crypto Brokerage Firm Voyager From Uber’s Former CTO Acquires Wallet Startup Ethos

Voyager Digital, a crypto brokerage firm co-founded by a former CTO of Uber, is acquiring crypto wallet startup Ethos, an announcement published by Voyager on Feb. 27 reveals. This acquisition is building on a strategic partnership between Ethos and Voyager, which was first announced in September last year. According to the announcement, the Ethos Universal Wallet software, first released in July 2018, will be integrated into Voyager’s retail and institutional businesses enabling self-custody integrated with a brokerage solution. With the acquisition, Voyager will also obtain access to Ethos Bedrock, an…

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