Issue #372 - Jewels & Cars: That's What They Have In Common

Issue #372 - Jewels & Cars: That's What They Have In Common

2022-07-15

You’re about to discover a new world in ten articles. Well, in reality, you’re about to discover how different businesses are dealing with the pros – and cons – of financial technology and its stars. Our weekly newsletter opens up with the amazing story of an insurance company that doesn’t want to cover a ransom payment in BTC, and ends with Hyundai that joins the Metaverse. And in between, you’ll find unlucky deals, new opportunities, innovative forms of payments, creditors and investors. This and much more in this number of FinTech Weekly, the free newsletter that helps you discover the amazing world of fintech and its most important conferences.

Top Stories

Insurance Company Sued for Refusing to Cover $7.5 Million Bitcoin Ransom Payment
Insurance Company Sued for Refusing to Cover $7.5 Million Bitcoin Ransom Payment
via Bitcoin.com

The British luxury brand, Graff, has sued its insurance company, The Travelers Companies, for refusing to cover a ransom payment in Bitcoin. Graff was attacked by a Russian hacking group, Conti.

Crypto

Ripple Secures Partnership To Launch New NFT Marketplace on the XRP Ledger

Blockchain Cryptos NFT Web 3.0

Ripple Secures Partnership To Launch New NFT Marketplace on the XRP Ledger
via The Daily Hodl

The New Jersey-based Web 3.0 exchange CrossTower is partnering with Ripple to facilitate the exchange of NFTs. The company behind the popular cryptocurrency XRP wants to use the CrossTower marketplace, which allows creators and developers to join an intuitive platform to exchange their tokens.

AI will help realize the true vision the Metaverse hopes to achieve

AI Blockchain Cryptos Metaverse New business models Web 3.0

AI will help realize the true vision the Metaverse hopes to achieve
via CoinTelegraph

Ben Goertzel, founder of the SingularityNET Foundation, shares his thoughts about the Metaverse. Despite the digital reality is one of the most discussed topics, Goertzel affirms that many of the projects created so far only involve gaming. We're far from enjoying all the advantages of the Metaverse, but AI can help us.

Mt. Gox Creditors Inch Closer to Repayment as Bitcoin Dump Looms

Bitcoin Cryptos

Mt. Gox Creditors Inch Closer to Repayment as Bitcoin Dump Looms
via Bloomberg

Mt. Gox's creditors may finally recover their funds. The Japanese Mt. Gox was the largest Bitcoin exchange, but it went offline in 2014 after the largest bitcoin hack in the crypto history. Will this further affect Bitcoin?

Banking

Bank of Spain includes Binance in its crypto registry

Cryptos Regulation

Bank of Spain includes Binance in its crypto registry
via Reuters

Spain is now among the countries that accepted Binance and added the crypto company in their crypto registries. But as the European Union prepares a new regulatory framework for cryptocurrencies, France may change its mind.

Innovation

Car giant Hyundai unveils Metaverse plans with NFTs and virtual products

Metaverse New business models NFT

Car giant Hyundai unveils Metaverse plans with NFTs and virtual products
via CoinJournal

The South Korean company Hyundai wants to join the metaverse and NFT market. As tweeted by Mike Kondoulis, the company has filed a US application to be able to safely sell virtual products and create NFT-backed content.

Podcasts and Videos

Elon Musk notifies Twitter he is terminating deal

Elon Musk

Elon Musk notifies Twitter he is terminating deal
via CNBC

Elon Musk doesn't want to buy Twitter: according to the lawyers of the popular billionaire, the company didn't comply with some terms of the agreement. Despite this, Twitter doesn't give up and plans legal actions against Musk.

Fintech

Ofwat opens £4m competition calling for ideas from fintech innovators to transform water services

Financing

Ofwat opens £4m competition calling for ideas from fintech innovators to transform water services
via Finextra

Fintech firms can have a pivotal role in the services sector: this is the idea behind the Ofwat's innovation fund. Ofwat is the regulator of water services in England and Wales, and it has just opened a £4M competition for those fintech companies that can find innovative solutions to favor inclusion, provide better services to people and address climate issues.

DeFi Lender Teller Hits NFT Market With ‘Buy Now, Pay Later’ Service

Blockchain NFT Payments

DeFi Lender Teller Hits NFT Market With ‘Buy Now, Pay Later’ Service
via BeInCrypto

Teller, the DeFi lender, launches a new buy now, pay later (BNPL) service, but for NFTs.

Revolut Teams With Stripe to Power International Growth

Investments

Revolut Teams With Stripe to Power International Growth
via PYMNTS

The UK-based fintech Revolut partners with another popular fintech company, Stripe. This partnership should lead to further expansion across the world and more services for customers.

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Issue #371 - Metaverse Makes People Scratch Their Heads

Thursday, July 7, 2022

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Thursday, June 9, 2022

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