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Sizzle Or Fizzle: Bitcoin Busts, Payments Get Faster And The Eyes Have It

PYMNTS

This week’s report of the Bitfinex hack may turn it into Bitfinal since it is now known as the exchange that’s suffered the largest loss of bitcoins since Mt. The culprit is said to be the use of the BitGo wallet and the structure of the bitcoin accounts itself. Fizzle times a couple billion. Until the hack that is.

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Ledger Wallet Vulnerability Can Dupe Users Into Sending Cryptocurrencies To Hackers

PYMNTS

Founded in 2015, Paris-based Ledger Wallet creates a number of various hardware solutions for cryptocurrencies and blockchains, including security solutions for enterprises and digital wallet hardware for consumers. Hackers can still gain access to someone’s computer and digital bitcoin wallets.

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Revolut Launches to Public, Announces $2.3 Million in Funding

Fintech Labs Insights

Today, Revolut is publicly launching its money remittance platform and multi-currency card that lets users spend and exchange money at interbank rates in real-time. When swiped, the card automatically converts into the local currency at the best interbank rate. The London-based company is also announcing $2.3 What’s next?

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Finovate’s European Alums Raised More Than $350 Million in 2015

Fintech Labs Insights

Nineteen Finovate alums headquartered in Europe raised $350 million in 2015. And whether the funding represented an initial infusion of capital or was part of a multi-stage Series E round, it is clear that investors are very interested in the fintech innovations of Europe. Bitcoin-Based P2P Lending Platform Bitbond Raises $670,000.

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Gem Raises $7 Million in Series A

Fintech Labs Insights

Digital Currency Group. Pictured: Gem CEO and founder, Micah Winkelspecht speaking on “Redefining Banking from the Ground Up” at FinDEVr 2015 in San Francisco. Founded in 2014 and headquartered in Venice, California, Gem debuted at FinDEVr 2015. million in funding. Blockchain Capital. Danmar Capital. KEC Ventures.

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Finovate Alums Raise More Than $3 Billion in 2015

Fintech Labs Insights

But there is no better way to describe the more than $3 billion in funding raised by Finovate alums in 2015. We previewed our alum funding for 2015 a few weeks ago with a look at investment in European-based alums. Highlights from 2015: Worldwide, 116 Finovate alums raised $3.1 Now we present the numbers for the entire world.

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Revolut Lands $8.7 Million, Launches Crowdfunding Campaign

Fintech Labs Insights

The company, which offers a multi-currency payments platform, closed on $8.7 The Revolut app, combined with a prepaid MasterCard, lets users load money from the bank account in their domestic currency and spend it in 90 different currencies across the globe, including bitcoin, at the interbank rate. million (£6.8