• Monsoon Blockchain adds partners
    Technology

    Monsoon Blockchain adds partners in fintech, film, digital assets, and insurance

    It’s hoped that the collaboration will create ‘a global powerhouse in the U.S. and Asia to harness the power of blockchain solutions for business needs’

    Monsoon Blockchain Corp. partners with exchange OSL, VC DraperDragon Fund, fintech CarbonBlue Innovations, and film producer Cross Creek Media "to harness the power of blockchain solutions for business needs.”

  • Provenance blockchain completes loan
    Technology

    Provenance blockchain completes loan sale in seconds, not weeks

    Transaction paves the way for Figure, the firm that owns Provenance, to settle $100 million in real estate transactions for lender Pacific Private Money in the coming year

    Figure Technologies founder and CEO Mike Cagney said that its Provenance network was used to execute a bridge loan transaction between lender Pacific Private Money and asset management firm Saluda Grade in seconds, eliminating the need for intermediaries and reducing the cost, time, and friction involved.

  • crypto’s use as currency is growing
    Cryptocurrencies,  Technology

    Although ranked last for trustworthiness, crypto’s use as currency is growing

    60% of those polled are currently using cryptocurrencies for day-to-day purchases or plan to do so within a year, according to an Economist Intelligence Unit survey

    Although nearly 40% cryptocurrencies face an uphill struggle against distrust to be crowned as its anointed successor.

  • Square joins coronavirus loan program
    Bitcoin,  Technology

    Crypto-friendly Square joins coronavirus loan program

    Square joins PayPal and QuickBooks in U.S. government’s $350 billion stimulus loan and grant program for small businesses and their employees—after a fight

    Twitter founder Jack Dorsey’s Bitcoin-friendly payment processing company Square is among the fintechs taking part in the U.S. Paycheck Protection Program, potentially offering a more nimble platform to quickly get loans and grants to small businesses slammed by the coronavirus pandemic.