#fintech

Russia’s biggest banks have run a series of test transactions using an Ethereum-based blockchain prototype developed by Cinimex.

The first accelerator to seek startups focusing on banking and financial technologies was recently launched in Russia with selection criteria for the candidate projects including application of blockchain in depositing and settlements.

National Bank of Ukraine (NBU) is interested in further development of high-tech financial market in Ukraine as it will positively influence implementation of the Cashless Economy project.

Financial conglomerate Credit Suisse has published a report on possible impact of blockchain once it’s implemented across diverse economy sectors. The report was prepared by thirty-one expert from different countries.

Development of financial technologies and fintech companies will optimize the Russian banking network, while the banks themselves will be engaged in creating infrastructure for fintech companies providing various services to their customers. This is the brief extract of the speech given at Fintech Lab 2016 on June 28 by Vadim Kalukhov, director for financial technology […]

The DAO drama, panic at exchanges, bitcoin’s future and a bit of blockchain for the future — all the week’s events in ForkLog’s traditional overview.

Cryptoeconomy becomes more and more entwined with the traditional one. Beginning as a crypto-anarchist utopia, the ecosystem keeps on evolving, and currently it starts influencing what happens in the big financial world. In this brief overview, we’ll attempt to show how it happens in Asia.

Despite the fact that Kazakhstan is among ten largest countries in the world, it was not seen on the bitcoin world map until recently. However, cryptotechnologies have fought their way to an officially recognized level. On May 25 and 26, over the course of Astana Economic Forum 2016, a workshop on blockchain technology’s prospects in […]

Vice President of Sberbank of Russia, the country’s biggest state-owned bank, Andrei Sharov believes banks may disappear by 2026 because of blockchain technology’s impact. “In ten years, I’m afraid, there will be no banks, and I won’t have any job. Now, peer-to-peer crediting platforms are effectively developing, just as blockchain-based payments technologies,” he told Rambler […]

R3 has finally shared the details of their work on their financial solution for banks, Corda, based on distributed ledger. The blockchain startup R3, founded in late 2015, leads a consortium of 42 major banks and financial institutions with the single aim – to provide banks the opportunities of the disruptive technology in a way […]

This week’s ForkLog overview features news from leading crypto-exchanges, the continuing battle for markets between various projects, and, most certainly, fintech news. Bitcoin Price As compared to last week’s achievements, Bitcoin’s price has dropped a bit to nearly $408 at the time of publishing. During the week, the cryptocurrency managed to reach as much as […]

This week’s overview is dedicated to good and not-so-good news about bitcoin, further rise of Ethereum, interesting findings of blockchain researches, and other things. Bitcoin Price Comparing to last week’s values, Bitcoin price has grown a bit, with the exchange rate sitting at $414 at the time of writing. Last Saturday, the rate dropped to […]