Credit Suisse Backing FinTech Fellowship Program: One Fellow Writing Book on Bitcoin
There's a lot of developments taking place in the Financial Technology sector, and banks and other financial institutions are recognizing this. Many of these institutions are closely monitoring developments in the space, one of which happens to be the growth of digital currency. One such company happens to be Credit Suisse, who's backing a FinTech Fellowship program that aims to find entrepreneurs and leaders who will help guide the financial sector into our ever-immersive digital world. Joined by AlphaCard, Australian insurer Suncorp and UK Trade & Investment, the support is for The....
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The Thiel Foundation has announced its 2016 Fellows with a new class of 29 people focusing on technology and software development. Thiel Fellows receive $100,000 to work on new projects that advance technology. A member of the cryptocurrency community now has become a Thiel Fellow. Knoxville, IL resident Joey Krug, core developer from the Augur....
Hours after it was announced that Credit Suisse is to pay US$2.6 billion in fines for aiding tax evasion, the former director of the United States Mint has spoken out against the bank – and in support of cryptocurrencies. While Credit Suisse’s director, Brady, publicly downplayed the result, saying the fines “[did not have] any material impact on our operational or business capabilities”, Edmund C. Moy tweeted in response: “$2.6B fine 'won't do much damage': Credit Suisse CEO. It's time banks got competition. Time for cryptocurrencies.” Such a reaction from within the government's....
Bitcoin remittance company Abra is one of five startups working with blockchain technology to be accepted into the latest financial technology program operated by California startup incubator Plug and Play. Abra, BlockNotary, BlockSeer, Skuchain and Token are the blockchain startups set to take part in the program, among a total of 23 participants. Startups in the initiative will take part in mentoring sessions and pilot programs over the course of the three-month initiative. The incubator draws support from a number of firms involved with blockchain-services or consortia devoted to....
It’s been more than a decade since the financial crisis in 2007-2008 when Lehman Brothers, the fourth largest investment bank in the U.S., collapsed and filed bankruptcy. Close to 14 years later, Credit Suisse and Deutsche Bank, two of the world’s largest banks, are suffering from distressed valuations and the banks’ credit default insurance levels are approaching degrees not seen since 2008. Credit Suisse and Deutsche Bank Valuations Have Dive-Bombed — Investors Discuss the Systemic Risk to the Global Economy During the first week of October, the world economy....
A group of banks, the R3 blockchain consortium and Fintech startup Symbiont have created completed the trail of a proof of concept blockchain simulating an exchange of syndicated loans. An increasing number of financial instruments are being tested, successfully, for transfers and exchange on a blockchain platform and the latest industry endeavor puts the scanner on syndicated loans, an loan offering which sees a group of lenders – a syndicate – collectively lend to a single borrower. In an announcement today communicated to CCN, European bank Credit Suisse, a number of banks forming the....