Fintech

Berkshire Hathaway invests in Fintech firms

Berkshire Hathaway invests in Fintech firms

The multinational conglomerate Berkshire Hathaway has recently invested $600 million in two fintech payment companies. The company has purchased stake worth $300 million in the parent company of Paytm and has purchased shares in the StoneCo through the initial public offering. Warren Buffett has once stated that the tech investments are beyond the area of his expertise.

Bithumb to launch securities token exchange with SeriesOne

Bithumb to launch securities token exchange with SeriesOne

The Bithumb has entered into a deal with SeriesOne for the launch of a securities token exchange in the U.S. The Bithumb Company believes the SeriesOne fintech firm as the suitable partner. The company announced, “Bithumb will ramp up efforts to develop into a global financial firm as the blockchain-based asset tokenization is expected to spread globally down the road.”

Nasdaq to acquire Fin-Tech company

Nasdaq to acquire Fin-Tech company

Nasdaq has revealed its plan to acquire Cinnober, a fin-tech provider, under a $190 million deal. The chief executive of Nasdaq, Adena Friedman stated, “This acquisition will enhance our ability to serve market infrastructure operators worldwide, and will accelerate our ability to expand into new growth segments.” Nasdaq would pay the acquisition cost with either cash on hand or on credit.

TigerWit unveils Blockchain-based trading app

TigerWit unveils Blockchain-based trading app

The TigerWit Limited, a fintech company, has revealed the launch of its blockchain integrated trading application in association with Liverpool FC. The CEO of TigerWit, Tim Hughes expressed, “We have developed a pioneering blockchain-based settlement system that instills trust by delivering greater security and process efficiency.” The company aims to bring transparency to the trading.

Quoine unveils Liquid crypto platform

Quoine unveils Liquid crypto platform

Quoine has launched Liquid, a crypto one-stop trading portal. It enables users to access the worldwide network of crypto exchanges. The Liquid would also introduce Wolrd Book Technology that aggregate trade options and price supported by various exchanges and enables users to place orders. It is expected to bridge the gap between traditional finance and token economy.

Deutsche Borse in HQLAx

Deutsche Borse owns a minor stake in HQLAx

The Deutsche Borse Group has invested in HQLAx, a fintech company. A minor stake has been bought aiming liquidity and collateral management solutions for a ‘single-digit euro million amount.’ The stock exchange operator intends to develop a blockchain integrated operating model for securities lending. Reportedly, the Borse Group would get two board seats at the fintech company.

eFatoora- Digital Wallet News

eFatoora announces blockchain-based digital wallet

eFatoora has presented e-Mal, a digital wallet based on the blockchain. The e-Mal platform is to enable the storage of fiat and virtual currencies. The platform would be supporting EML token. The platform has undergone respective mandatory tests for approval. It is reported that the retailers can access e-Mal Information Centre for loyalty and subscription programs.

Taiwan- Digital Token

Taiwan Startup launches Fiat-Pegged Digital Token

A Taiwan-headquartered company, Green World Fintech Services has launched its fiat-pegged digital token, New Taiwan Dollar (NTD). The company has also patented a unique process for NTD as an effort to protect the digital token invented for the prevention of money laundering purposes and any illegal activities. The token is to be less volatile compared to other cryptocurrencies.

Western Union- Cryptocurrency News

Western Union mentions BTC and LTC network in its patent

The Western Union Company, a financial services company, has filed a patent application on ‘receiving and handling secure transfers’ with the U.S. Patent and Trademark Office. The application also listed Bitcoin peer-to-peer network, Litecoin and other blockchain networks as a means for electronic transaction network. The blockchain is detailed to implement a decentralized distributed database.

BNB in Nexo’s Crypto-backed loans

BNB in Nexo’s Crypto-backed loans

Nexo, a fintech group supported by Credissimo, declared the acceptance of Binance Coin (BNB) as collateral for crypto-backed loans. Nexo acknowledging the preference of the customers has embraced Binance’s native in the crypto loan plan. Over three months, the coin has encountered maximum price fluctuations. Currently, the BNB is at $14.92.