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News (808)

AskRobin, Serving Underbanked in Latin America, Scores New Funding

Estonia-founded AskRobin picked up $1.7 million in funding toward its operations, which are aimed at providing financial services for the “underbanked” in Latin America. So reports Tech Crunch.

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Excess Nuclear Power Could Generate Bitcoin for Ukraine: Ministry

Ukraine's Ministry of Energy is considering using nuclear power plants to mine cryptocurrency. So reports Cointelegraph.

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'Mutual Aid' Gets Boost from Fintechs Operating Near and Far

“Mutual aid,” or community sharing and reciprocal giving, has been greatly bolstered by technological advances, especially fintech. So reports Karma Impact.

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Rand Report Largely Exonerates Zcash on Dark Web

A newly-published report from the Rand Corporation found bitcoin is the preferred cryptocurrency for those on the dark web. So reports Block Crypto.

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Patent Office Denies Applications from AI, Says Only People Are Eligible

A new ruling from the U.S. Patent and Trademark Office decrees artificial intelligence systems will not be eligible for credit as patent inventors. So reports The Verge.

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Bank of China Unleashes Regulation Pilot Program Beyond Beijing

The Bank of China is expanding its fintech innovation regulatory project to six new cities. So reports Cointelegraph.

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Fintech Startups, Financial Service Providers Pushing Forward Despite Difficult Climate

Financial service companies and fintech startups are continuing to raise funds, hire and are steadily being acquired despite the harsh economic climate created by the COVID-19 pandemic. So reports Crunchbase.

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UK Top Fintechs Looking to Pick Up Lending Slack Amid Health Crisis

Several of Britain’s top fintechs are racing to plug gaps in the government’s coronavirus relief efforts, namely by executing rapid loans to struggling businesses. So reports CNBC.

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Libra Gets Makeover As It Looks to Curry Favor with Watchdogs

Facebook’s controversial cryptocurrency project was given a makeover with the hopes it will now be more alluring to skeptical watchdogs and regulators. So reports Reuters.

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Deals, Investments Way Down in 2019: Report

Despite a decade of rapid growth, fintech saw a steep drop from 2018 to 2019, according to a recent report from Crunchbase. So reports Vator.

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