Connect with us

Blockchain

2019 SNAPSHOT: 6019 Attendees

As the dust settles on FinTech Connect 2019, we’d like to take this opportunity to reel off a few self-gratifying statistics.

Republished by Plato

Published

on

As the dust settles on FinTech Connect 2019, we’d like to take this opportunity to reel off a few self-gratifying statistics.

View the FinTech Connect post-show snapshot

I know what you’re thinking, Mark Twain said “there are lies, damned lies and statistics.” But hold on there, Mark, we’ve also got testimonials from those present, eyewitness accounts of the buzzing exhibition floor, and photos. Lots of photos.

untitled_design_-_2019-12-18t123211_040

In this case, statistics provide an additional layer of harmony to the tune we’re playing on that trumpet of ours.

There’s been a great deal of uncertainty in the past couple of years what with that Brexit business hanging over our heads, but fintech is still on the up in the capital. Investment hasn’t waned, major UK fintechs are booming and – here’s another statistic for you – FinTech Connect saw a 31% increase in attendance on the 2018 event. When the shutters came down on the 4 December, we had seen 6019 attendees stroll through our doors.

FinTech Connect played host to attendees from 81 countries, with a third of our audience from outside the UK. We’ve gone pretty global. That’s a good sign, especially with our first event overseas, FinTech Connect Toronto, just around the corner.

untitled_design_-_2019-12-18t124315_610

A third of the audience at FinTech Connect London came from financial institutions and there were 342 investors on site too. Some of the major FIs were really into us. Barclays registered a delegation of 117, Lloyds registered 58 and HSBC 53. Merchants were out in force this year too with the likes of Shell, EasyJet, Marks and Spencer and Paddy Power proving that fintech is now part of the broader corporate world.

“Two days of great discussions and pushing the boundaries of fintech. We would like to thank FinTech Connect for the great event and all delegates we met!”

We had rock star presentations from the likes of Anne Boden of Starling Bank, Jacqueline Chilton of Ticketmaster, Josh Fernandes, Head of Open Banking at Revolut and Lisa Frazier, EVP Head of Innovation from Wells Fargo. A big thank you to them and the other 300 speakers who contributed to the success of this year’s show.

untitled_design_-_2019-12-18t124503_772

So here’s to a successful 2019 event. A massive thanks to those who came to see the show, our commercial partners who made the exhibition floor so happening and our speakers who set the stages on fire. Not literally. We’re proud to say not once did we have to call the fire brigade.

“We’ve met with hundreds of interesting people and attended scores of insightful discussions, and can’t wait to do it all again next year!”

Hopefully we’ll see you again as we move into North America on 20-21 May for FinTech Connect Toronto, and for your wintery fintech boost on 2-3 December at our London event. 2020’s shaping up to be an exciting one.

View the FinTech Connect post-show snapshot

Register your interest for FinTech Connect 2020

Source: https://www.fintechconnect.com/digital-transformation/articles/2019-snapshot-6019-attendees

Blockchain

Former London Stock Exchange Group CEO Urges UK Government to Explore Cryptocurrencies

Republished by Plato

Published

on

The former CEO of the London Stock Exchange Group, Xavier Rolet, has advised the UK government to look into cryptocurrencies and SPACs to minimize the adverse impact of Brexit. In a recent report, Rolet claimed that the UK has trailed behind other countries in both aspects.

The UK Should Turn To Crypto And SPACs?

Born in France, Rolet is a businessman and the Chief Executive Officer of the London-based credit-focused asset management firm CQS. Before assuming this position, though, he served as the CEO of the London Stock Exchange Group and was named as one of the 100 best CEOs in the world in 2017 by the Harvard Business Review.

In a report cited by Bloomberg, Rolet touched upon the potential consequences to the UK economy following the withdrawal from the European Union and the European Atomic Energy Community, better known as Brexit.

The executive believes that the UK has two viable options to consider if it wants to minimize the risks and help the nation flourish.

In the first one, he urged the government to “promptly consider the SPAC revolution.” Also referred to as “blank check companies,” these special purpose acquisition companies (SPAC) operate as shell corporations listed on a stock exchange with the idea of buying out a private company, thus making it public. Ultimately, this strategy eliminates the need to go through a traditional initial public offering (IPO).

While the US has seen significant adoption in the past year with a 10x increase in the raised funds compared to 2019’s results, the UK regulators have halted their progress on the London markets.

Rolet’s second advice involved digital assets as he noted that “all relevant UK government agencies should be resourced to thoroughly understand cryptocurrencies.”

With proper regulations, the crypto ecosystem could “place London and the UK at the center of a reputable and safe financial market.”

The UK’s Regulatory Approach To Cryptocurrencies

While UK’s regulators have hindered SPACs’ progress within the country, the nation’s financial watchdog, the FCA, has also been rather harsh against the cryptocurrency industry.

As of the start of this year, the Financial Conduct Authority banned crypto derivatives and exchange-traded notes (ETNs) to retail customers.

Additionally, the watchdog has issued several warnings to investors that they could lose all their funds if allocated in digital assets.

The regulator also announced that all UK-based digital asset businesses need to be registered with it but extended the deadline for applications to July 9th, 2021.

Featured Image Courtesy of TheGuardian

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Source: https://cryptopotato.com/former-london-stock-exchange-group-ceo-urges-uk-government-to-explore-cryptocurrencies/

Continue Reading

Blockchain

Traders remain bullish even as DeFi’s TVL falls to $54.4 billion

Republished by Plato

Published

on

Decentralized finance and the numerous platforms offering investment services have been the talk of the cryptocurrency sector for several months and this has resulted in investors capturing spectacular gains for some of the top DeFi tokens like Uniswap (UNI) and AAVE. 

The fast-moving prices and 1,000% APY on staked tokens elicited cheers from investors when the market was going up, but the recent selling pressure seen as Bitcoin price dropped below $45,000 shows that the highest fliers are often the quickest to fall as traders rush to exit their positions and lock in their gains.

Daily cryptocurrency market performance. Source: Coin360

On Feb. 22 Bitcoin (BTC) price entered a sharp corrective phase which saw the top digital asset pullback by more than 20% from its all-time high of $58,274. As this occurred, the majority altcoins also saw double-digit corrections and DeFi tokens like PancakeSwap (CAKE) fell as much as 55%. 

Total value locked in DeFi shows resilience

The total value locked in DeFi platforms also took a hit as Bitcoin and altcoins corrected. Data from DeFi Llama shows the combined TVL of all DeFi platforms fell from $64.89 billion to $54.22 billion on Feb. 24. Cointelegraph also reported that this week’s correction led to the second-largest day of DeFi loan liquidations in history. 

Total value locked in DeFi. Source: Defi Llama

The decline in TVL is a result of decreasing token values rather than protocol outflows, indicating that token holders remain committed to the continued expansion of decentralized finance and that the current yields are still incentivizing investors to rem engaged.

Market analysis indicates that despite the recent $5.8 billion Bitcoin and altcoin liquidation, bulls remain optimistic and see this price pullback as a sign of a healthy market.

The same goes for the DeFi sector, which has been in a strong uptrend since the start of the year. Increasing DEX volume as well as a rising TVL show that DeFi is still in the early stages of growth, and while pullbacks are to be expected, the overall trend is positive as institutional and retail investors increasingly gain exposure to this emerging asset class.

Source: https://cointelegraph.com/news/traders-remain-bullish-even-as-defi-s-tvl-falls-to-54-4-billion

Continue Reading

Blockchain

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

Republished by Plato

Published

on

ZelaaPayAE (ZPAE), a Dubai-based blockchain payment network focused on the Gulf region, has announced the deployment of 100 XPOS Handy (point-of-sale terminals) and 10,000 XPASS cards from partner Pundi X, a cryptocurrency payment platform.

“Pundi X has the technology to empower merchants across the world to deploy easy-to-use blockchain solutions. We’re excited to bring it to the UAE market.”
– Sahil Arora, ZPAE CEO

XPOS devices enable cryptocurrency transactions on the blockchain from anywhere….from trendy cafes in Seoul, South Korea, to pubs in New Hampshire, USA. Similarly, the XPASS card makes it easy for customers to pay with their crypto-assets.

“Any corner of the world where XPOS is, that’s a place where seamless transactions can take place. Both ZPAE and Pundi X essentially want the same things; making the blockchain accessible.”
– Zac Cheah, Pundi X’s CEO and Co-Founder

ZelaaPayAE (ZPAE) was founded with the aim of unlocking the power of cryptocurrency in the Middle East. The ZPAE token trades on numerous exchanges such as CoinTiger, JustSwap, Bilaxy, and others. The company is engaged in introducing a number of decentralized finance products in the UAE.

Source: Pundi X

Source: https://www.cryptoninjas.net/2021/02/24/zelaapayae-deploys-pundi-xs-merchant-crypto-payment-solutions-for-uae/

Continue Reading
Blockchain2 days ago

Ankr adds Eth2 futures (fETH) to its staking system

Blockchain4 days ago

Are Bitcoin’s long-term hodlers entering the seller’s market?

Blockchain4 days ago

Elon Musk Explains to Peter Schiff What Money Is

Blockchain3 days ago

Litecoin, Cosmos, Tezos Price Analysis: 21 February

Blockchain3 days ago

Ripple now registered as a Wyoming business

Blockchain3 days ago

Former BoE, BoC Governor Mark Carney joins Stripe board of directors

Blockchain3 days ago

A Review of BTCGOSU — Reviewer of Crypto Casinos

Blockchain3 days ago

Kraken Daily Market Report for February 21 2021

Blockchain3 days ago

DeFi Protocol Primitive Finance Self Hacks to Prevent Exploit

Blockchain2 days ago

Peter Schiff Now Discusses Bitcoin More Often Than His Beloved Gold

Blockchain3 days ago

Is Ethereum heading to another ATH?

Blockchain3 days ago

The Many Theories Of Elon Musk Being Satoshi Nakamoto

Blockchain2 days ago

NFT Platform Ethernity to Launch IDO on Polkastarter

Blockchain2 days ago

Long Blockchain Corp has officially been delisted by SEC

Blockchain4 days ago

3 key factors that propelled Ethereum to $2,000 for the first time ever

Blockchain3 days ago

Banks will be required to work with crypto, e-money and CBDCs to survive

Blockchain4 days ago

Bitcoin Payments Make 20% of the Revenue of a UK Private Jet Company

Blockchain3 days ago

Today 11:40 am EST: First Bitcoin Elite NFT Art Drop

Blockchain2 days ago

MoneyGram suspends Ripple partnership, citing SEC lawsuit

Blockchain4 days ago

Kraken Daily Market Report for February 20 2021

Trending