PayPal Offers S$180,000 Fintech Scholarship to Six Students

PayPal Offers S$180,000 Fintech Scholarship to Six Students

PayPal has announced a new fintech scholarship program in partnership with the Singapore Management University. The program is designed to encourage students to involve themselves in the fintech and cybersecurity domains. The mainstream financial, banking and payments industries are trying hard to adapt to the drastic changes brought about by the cryptocurrency technology. Bitcoin, the revolutionary digital currency, and its underlying blockchain technology have created new standards in the financial technology sector. The leading payments and fund transfer solutions provider, PayPal is currently facing stiff competition from Bitcoin-based platforms offering similar services at a fraction of the cost. Like any other conventional financial institution, PayPal has...

Alibaba’s Ant Financial Continues to Acquire Stakes across the World

Alibaba’s Ant Financial Continues to Acquire Stakes across the World

The Chinese Bitcoin exchanges are currently working on complying with various regulations put forth by the country’s central bank. But that hasn’t stopped the country’s firms from expanding their foothold in the blockchain driven fintech industry. Ant Financial Services Group, a financial services company affiliated to the renowned Alibaba Group has announced its investment into Mynt, a fintech company. According to reports, Ant Financial has invested an undisclosed amount for a substantial minority stake in the Philippines based wallet service owned and operated by Globe Telecom. The investment in a Philippines-based entity comes within months of Ant Financial’s another investment in Thailand’s Ascend Money whose reach extends to...

Sberbank’s Head Predicts Large Scale Implementation of Blockchain in 2.5 Years

Sberbank’s Head Predicts Large Scale Implementation of Blockchain in 2.5 Years

The Bitcoin industry in Russia is still uncertain about how the country’s regulatory authorities may react at any time to cryptocurrency usage. But the Russian government agencies seem to have understood the potential of Bitcoin’s underlying blockchain technology and are even working on it. The country’s banking and financial sector has come together to create working groups and consortiums to develop and implement distributed ledger technology applications. The increasing interest in recent days is predicted to give rise to a blockchain wave, which will lead to widespread adoption of digital currency technology in the coming 2-3 years. The prediction was made recently by none other than Herman Gref, the head of Sberbank. Gref made the statement...

Sweden Presents Itself as an Attractive Post-Brexit Fintech Destination

Sweden Presents Itself as an Attractive Post-Brexit Fintech Destination

With Brexit around the corner, Sweden could present itself as one of the alternative destinations for the European financial industry. The upcoming Brexit has turned into a speculator’s game. Britain’s exit from the European Union is expected to have a divisive effect on the country’s thriving finance and financial technology sector. All the efforts put in by the City of London to foster a healthy fintech ecosystem may go to waste as companies risk losing free access to the EU market. Like any other European Union nation, Sweden has started to make a push to become the next European fintech hotspot. The country has an established track record when it comes to attracting investments in the fintech sector, which could come in handy at this time....

Bitcoin Price Weekly Analysis – BTC/USD Remains a Buy

Bitcoin Price Weekly Analysis – BTC/USD Remains a Buy

Key Points Bitcoin price slowly and steadily moved above the $1000 resistance against the US Dollar. There is a nice bullish trend line formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which may act as a support near $1020. The price is also above the 100 simple moving average (H4), which is a major support at $1023. Bitcoin price gained bids against the US Dollar to trade above a crucial hurdle ($1000). BTC/USD now has moved into the bullish zone with buy dips approach. Bitcoin Price Support It looks like Bitcoin price managed to recover well during the past week against the US Dollar, as it moved above $1000. There was a perfect structure formation for a recovery. The best part was a close above the $1000 level, and also above the 100 simple...