innovation News

Authorities in Dubai released the details of the region’s Metaverse Strategy on July 18, 2022, revealing a plan to add $4 billion to the city’s economy from its metaverse innovation push and become one of the top 10 cities in…

Alpha Finance Lab has launched its decentralized autonomous organization (DAO) dubbed the Alpha Venture DAO to help developers and builders expand the boundaries of innovation and accelerate the growth of Web3. Builders in the Alpha Venture DAO ecosystem will work…

Weiying Chen, the founder of Kuaidi Dache, announced on May 28, 2018, that a blockchain-run cab-hailing app is in the works. The entrepreneur had previously allied with Didi, another ride-hailing app, and scaled the merged entity to China’s number one…

At least 21 offshore companies in the FinTech sector have signed up with the Cagayan Special Economic Zone Authority (CEZA) after the CEZA Fintech Summit 2018 in the Philippines. Some of the FinTech companies that are seeking to set shop…

In an interview with Interest.co.nz, Alex Sims, professor and head of the commercial law department at Auckland University, a prestigious education and research institution in New Zealand, stated that the government must legitimize Bitcoin and leading blockchain networks like Ethereum…

FinTech progress has come to a halt in South Korea as regulators carefully try to piece together new technology with existing privacy laws. In October 2016, Financial Services Commission (FSC) Chairman Yim Jong-Yong revealed South Korea’s plans for the acceptance…

Professor Philip Treleaven and his renowned financial computer science team at University College London are working on a new project that involves automating financial regulation through the application of blockchain-based smart contract technology. Treleaven and his team are assembling several…

Smart contracts are one of the most talked about new technologies in financial services today. Blockchain-based smart contracts can be used for two or more parties to electronically agree on terms and conditions of a contract involved in a financial…

Switzerland-based ShapeShift AG, owner of ShapeShift.io (instant digital asset exchange) and Coincap.io (real-time digital asset data), has raised $10.4 million in Series A funding for future expansion. Specifically mentioned were two new “mysterious” exchange-related products which will be coming out…

In 2014, the UK’s financial regulatory body, the Financial Conduct Authority, launched Project Innovate to provide support to innovative financial technology start-ups who are trying to launch new products and services that will benefit consumers. A major part of Project…

AID:Tech, a startup company that uses blockchain technology, is tackling the intensifying refugee crisis in Europe through a transparent platform, which is guaranteed to help the poorest receive aid efficiently. For their creative innovation, AID:Tech have successfully progressed into the…