EU Commission Launches Initiative to Boost FinTech and Blockchain Startups
The European Commission (EC) has announced the unveiling of a new initiative it has set up aiming to give many of Europe’s FinTech and blockchain innovative entrepreneurs every opportunity to become world leaders, according to an EC press release. The Start-up and Scale-up Initiative aims to combine all the possibilities that already exist in the EU, but plans on including a new focus on venture capital investment, insolvency law, and taxation. However, while the EC notes that there isn’t a lack of new ideas in Europe, it highlights the fact that many firms fail to make it beyond the first....
Related News
We live in an era where not adopting consumer needs in the financial sector may lead to significant losses for the industry. The Korean government has unveiled its plans to support the development and growth of startups in the country. To be more precise, they will support venture capital for Fintech and blockchain startups in Korea going forward. Korea Embraces Financial Innovation. Up until this point, the Korean government and regulators had remained fairly tight-lipped regarding the future of Fintech in their country. Given the growing interest in this industry, it is not a complete....
Boost VC has released new figures about its investments in startups focusing on bitcoin and the blockchain. The San Mateo incubator, which has pledged to invest in 100 industry startups through 2017, revealed in a Medium post this week that it has invested in 52 bitcoin and blockchain companies since its founding in 2012. According to figures provided to CoinDesk by Boost, bitcoin and blockchain startups have so far raised $52 million, compared to the $86 million across companies in all of its target sectors. The figures suggest bitcoin and blockchain startups have so far captured 60% of....
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....
The Ontario Securities Commission (OSC) is on the hunt for representatives from the digital currency and blockchain industry for a new advisory panel on fintech. Announced yesterday, the panel will coordinate with and provide advice to the OSC’s LaunchPad, a fintech-focused initiative that serves as a communication point between startups and regulators. Applications for the panel are due by 30th November, the OSC said. The OSC elaborated in a statement: “OSC LaunchPad strives to keep regulation in step with digital innovation. The [Fintech Advisory Committee] will meet quarterly, with....
Red Hat, the world’s leading provider of open source solutions, recently introduced their OpenShift Blockchain Initiative in an attempt to bridge the gap between traditional finance and blockchain technology. OpenShift announced their Dedicated initiative at the end of 2015. The main purpose of this initiative was to combine Red Hat’s engineer and....