Companies

Blockchain companies struggle to get on the insurance market. InChain, a decentralized insurance platform based on Ethereum smart contracts, has announced the closure and failure of its Initial Coin Offering (ICO) after it couldn’t raise the desired funds.

The blockchain platform for global government - eGaaS - is now testing the early release version of their system to analyse the system for faults and design suitable solutions to any loopholes as soon as possible before the platform is made available. At the same time, the company is currently conducting an initial cryptocurrency offering (ICO) to raise money to fund its activities.

Morgan Stanley, Goldman Sachs and Santander are reported to be dropping their membership in the R3 CEV Blockchain consortium.

One of the leading audit and advisory services companies, Deloitte, has collaborated with SETL, a London-based fintech company, and Metro Bank to produce a contactless card for payments using blockchain technology.

GameCredits, the Los Angeles–based IT and financial company with a mission to deliver blockchain-based products to a mass market in the gaming industry, today announced  its GAME token is listed on the popular Chinese cryptocurrency exchange Yuanbao.

Mercatox Ltd., presented as a new universal market platform in the development stages, announced the launch of their crowdfunding on November 20, 2016. Experts warn readers of CoinIdol.com not to invest in this scam project.

SEB, one of the largest banks in Sweden, has announced its partnership with Ripple, a San Francisco based fintech company, in order to use Ripple’s blockchain technology solution as a basis for payment transactions.

BTCC, the company behind the largest and longest-running Chinese cryptocurrency exchange, has announced the launch of its new BTC to US Dollar exchange.

There is a source of growth for the second economy in the world that is in the Shadows.  How will cryptocurrencies influence this economy (aka System D)? CoinIdol.com FinTech News Outlet spoke to Geir Solem, founder and Chairman of the Cryptor Trust group of companies.