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Bitcoin Daily: Binance Denies Reports Of Police Raid; Blockchain Expands To Gaming Payments

PYMNTS

Paris-based Ultra , which has created its own blockchain, announced that French video game giant Ubisoft will become the first major gaming system to test out payments on its blockchain for gamers. The population of the country sees these capital controls are put in place, and then they’re going to look for a way around it.

Bitcoin 130
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Mastercard Adds More Startups To Its Accelerate Program

PYMNTS

Mastercard is expanding its Accelerate financial technology (FinTech) portfolio and is adding 11 companies to its Start Path startup engagement program, according to a Wednesday (Aug. billion in post-program capital and collaborate with Mastercard, major banks, merchants and other high-profile organizations,” Mastercard said.

Fintech 163
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Bitcoin Daily: Tether Beats Out Bitcoin In Trading Volume; EOS Receives $24M Fine From SEC

PYMNTS

While its market capitalization is more than 30 times smaller than bitcoin, Tether’s volume has consistently exceeded it since early August at about $21 billion per day. “If investors must comply with the securities laws, irrespective of the industry they operate in or the labels they place on the investment products they offer.”.

Bitcoin 141
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FinTechs Find VC Favor Amid Collaborative Efforts

PYMNTS

“Unlike the broader VC market, early-stage FinTech companies have continued to attract a solid flow of capital in the U.S., national co-lead partner, venture capital practice. “At But that means some of the upstarts could operate without having to tie up with traditional financial firms.

Fintech 101
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Small Firms Demand Higher Speed, Lower Costs In Global Payments

PYMNTS

Small businesses (SMBs) are rarely early adopters of new financial technology (FinTech). Indeed, FinTech and alternative financial service providers have stepped in to try to combat those points of friction, wielding technologies like blockchain and IBAN solutions to find ways around the friction of correspondent banking.

Payments 151
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The absurdity of how the Internet and memetic infection of Finance

Lex Sokolin

If you can hack any blockchain project to steal their balances, why not do it? When billionaire Ray Dalio begins to promote the idea that capitalism needs to be reformed , it is time to listen. It is community-based quality assurance with risk capital for our future financial system. It is after all a dog-eat-dog world.

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B2B FinTech Rides High On A Week Of High-Value Investments

PYMNTS

Ireland’s Logos Network is in the midst of developing a blockchain powered payment system for both micro- and large-scale B2B transactions. Digital Currency Group, INBlockchain and Blockwater Capital. Additional investors also included Global Blockchain Innovative Capital, AlphaBlock Capital and AlphaCoin Fund.

Fintech 104