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The FCA’s fintech sandbox is already delivering value

Since the UK’s Financial Conduct Authority (FCA) launched its regulatory sandbox in 2016, 89 companies have been accepted to test their products and services. Now, a newly released report by Deloitte and Innovate Finance has found that companies that have been in, or are still journeying through, the FCA’s sandbox believe it has delivered real value.
Qwil CEO and cofounder Johnny Reinsch

A startup CEO who was turned down 100 times before raising $5 million says he suffers from ‘impostor syndrome’ — and he hopes it nev...

"Impostor syndrome" is the phenomenon in which people don't think they deserve their success and fear being exposed as frauds. Johnny Reinsch, the CEO of the fintech startup Qwil, said he's had impostor syndrome since he cofounded his company in 2015.
N26 CEO and cofounder Valentin Stalf.

An app-only bank backed by Peter Thiel is launching in the UK — and it’s targeting the US next

N26 plans to run a 'beta' testing phase before rolling out to its 50,000-strong UK waiting list in the coming weeks. The app-only bank was founded in Berlin, Germany, but currently operates in 17 markets across Europe and has 1.5 million customers.

Coinbase has introduced a new feature to lure investors to cryptos

US-based cryptocurrency exchange operator Coinbase has announced it will add a new feature, dubbed Coinbase Bundles, that will allow users to purchase a weighted basket of the five cryptos it lists — Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Ethereum Classic.
The Blenheim Chalcot team.

A former Googler is bringing a successful British startup builder to New York

London-based 'venture builder' Blenheim Chalcot is opening an office in New York, its first in the US. The company is a "venture builder" — it seeds and then supports startups in everything from fintech to education and media.
'Stablecoins' are hot.

The crypto world is going wild for ‘stablecoins’ — here’s everything you need to know about them

'Stablecoins' are the hottest thing in crypto right now, with over 50 projects in development. A 'stablecoin' is a cryptocurrency that's price is pegged to a real-world asset like gold or the dollar. Here's a guide to what they're used for, how they work, and why people are excited about them.
Benjamin Dives, London Block Exchange CEO.

A UK startup is planning to develop a ‘crypto pound’ as the sector goes crazy for ‘stablecoins’

The London Block Exchange plans to launch a new cryptocurrency pegged to the pound: LBXPeg. One-for-one sterling reserves will be held in a segregated bank account.
Andrea Orcel.

The boss of Santander’s digital bank says it will be ‘the same direction but faster’ under new CEO Andrea Orcel

Openbank CEO Ezequiel Szafir told BI that Andrea Orcel will have "the same strategy but make it go faster and further" when he joins as CEO of Santander next year.

Chinese bitcoin mining giant Bitmain had revenues of $2.8 billion in the first half of the year

Chinese crypto mining company Bitmain has filed IPO documents with the Hong Kong Stock Exchange. The preliminary documents show Bitmain had revenues of $2.8 billion in the first half of 2018.
JPMorgan CEO Jamie Dimon.

75 banks have joined JPMorgan’s blockchain payments ‘party’

Lenders including Santander and Societe Generale are testing the Interbank Information Network (IIN). JPMorgan built the information sharing programme on its own proprietary blockchain platform, Quorom, and has been testing it with a handful of lenders since October 2017.