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Qatar’s Meddy is Raising $2.5 Million in Series A Funding

Qatar’s Meddy is Raising $2.5 Million in Series A Funding

Recently, a doctor booking startup platform, Meddy in Qatar, has raised $2.5 million in a Series A round. The Modus Capital of New York led the round, and many investors joined it, such as Turkey’s 212, Kasamar holdings from Abu Dhabi, Qatar Science and Technology Park, Innoway, Dharmendra Ghai who is a health tech person and many more.

Meddy provides an innovative platform for the patients to find doctors as well as hospitals for the treatment. People can easily book appointments via this platform. It is easy to search for a doctor with particular specializations, treatments, education, language, and other things by applying filters. The company was founded in Qatar in 2016. You can also rate and write reviews about the doctor on this platform.

The company also provides other products and services to the clinics and their marketing teams to supervise the bookings, analytics, and patient reviews. There is a big hand of Meddy behind the increasing profitability of doctors as it helps in getting new customers by its online platform. According to Meddy, it has provided thousands of bookings and generated over $50 million in clinics and hospital billings in Qatar and UAE.

Last year, Meddy had expanded its services to UAE via Dubai and Sharjah. Now, it is planning to expand in Abu Dhabi. The co-founder and CEO of Meddy, Haris Aghadi, said that the company is planning to expand across the world. He continued that after the expansion of their services to the UAE, the rate of bookings has been doubled. The company got positive feedbacks from the people, and it is continuously growing rapidly.

Ripple Invests $0.5 Billion in Xpring to Promote the Adoption of XRP

Ripple Invests $0.5 Billion in Xpring to Promote the Adoption of XRP

Ripple has invested a sum of $500 million in boosting up its initiative Xpring, which was launched to accelerate capital investment into businesses and ultimately promote the adoption of XRP.  In a recent interview, Ethan Beard, Senior Vice-President at Ripple, said that it has

we have almost a top-down strategy that is working directly with financial institutions, providing them enterprise software that’s already customized for their world, and lets them tap into the power of XRP.

Ethan further stated that the firm is working on two strategies for the implementation of its vision based on the targeted audience. The first one is for financial institutions and XRP to anyone interested in digital assets.

As per Ripple’s VP, Xpring is aimed to uphold the Internet of Value. Additionally, it provides a platform for coders and developers to constitute projects that can have real use cases for Ripple. Resources offered in Xpring like tools, libraries, and services for developers and Inter-ledger protocols can be used to solve problems in a transformative way.

Several projects have been built and hosted efficiently on Xpring. Be it content monetization platform Coil or gaming platform Forte, Xpring has introduced various companies to a new world of blockchain technology through its innovative business solutions. Some other notable projects include Bolt Labs (a privacy-focused payment channel), Securitize (liquidities private securities market and enable easily tradable assets), and Dharma (a peer-to-peer lending marketplace).

The regulation in XRP sale seems to have strengthened the valuation of Ripple. Also, the firm is focused on making some big tie-ups, and crypto enthusiasts are looking forward to it. Notably, Ripple holds half of all the XRP, whose net worth is $12 billion. Ripple’s decision to promote the growth of the XRP Ledger will help the firm in the long run and might turn out to be a milestone decision for the crypto industry.

Will Tron (TRX) Be Able to Continue Its Slow Recovery in The Bearish Market?

Tron (TRX) Price Analysis

Tron price has been on a continual downswing since the bears started controlling the crypto market in July. The price of TRX coin had a fairly good run before this phase. With the bear pressure mounting, the price of the coin has been mostly below the baseline, as seen from the YTD price movement. The price has been oscillating in the range of $0.0142 – $0.0365. Still, the TRX price is trying to go in for a slow recovery, but due to the bears exerting control, it is being delayed.

Tron Price Prediction:

TRX price has had its moment during the bull phase and has gone on a continual downward trend in the ongoing bearish market scenario. The YTD price trend shows that the price of Tron was at a low of $0.02111 on January 14. The price rose to a good 34.30% on January 27 at $0.028157. On March 25, the price fell to $0.02221 by 20.39% drop. On April 04, the price of TRX coin rose to $0.03089. There was a fall in price on May 12 at $0.02480.

The bull phase had crept into the crypto market by then, and TRX price rose accordingly to a great 47.64% on June 26 at $0.03656. With the onset of bear phase, the price started falling and reached $0.01421 by 61.68% drop on September 24. The TRX price then started getting back at the bears and has shown a rise to the tune of 51.44% on October 29 at $0.0215. The price has slightly fallen to $0.01698 at 20.93%.

Tron Price Chart

TRX price has gone through many ups and downs this year in the crypto market due to continual price variations. Even now, in the ongoing bearish momentum, the coin is trying for recovery, but with the bears pretty visible, it may not be possible for the short-term.

Financial Market Infrastructure Summit, November 21-22, 2019 in Barcelona

Join our Financial Market Infrastructure Summit on November 21st and 22nd, 2019 in Barcelona, Spain.

Financial Market Infrastructure is a combination of our two very successful conferences: Post Trade Forum and Collateral Management Forum. After enormous interest from speakers and delegates, we decided to merge these two forums to offer the most up to date topics and case studies presented by best practitioners from the Banking system.

In the beautiful city of Barcelona on November 21–22, you will be able to join the great networking opportunity in Hotel Barceló Sants. Our valued speakers will discuss the most relevant and challenging topics and share best practices regarding The Regulatory pressure and Bank profitability, including MiFID, PSD2, GDPR, Cybersecurity in the post-trade space-Post trade evolution, Innovations in payment systems—Central Bank Digital Currencies, and many more.

For more information, please visit our website and request the Agenda! http://bit.ly/32d2vmS

Europe’s Biggest International Banking and Fintech Event – Monex Summit Europe, to Take Place in Warsaw

Monex Summit Europe provides networking services and organizes professional B2B meetings:

Monex Summit Europe aims to expand the knowledge and maximize deal-making opportunities for all participants within the region. The event will welcome the top managers, ranging from the industry’s biggest multinational players and banks to its most innovative startups and renowned speakers. 

 

The summit will provide months’ worth of networking experience packed within fifteen hours of targeted, public, and private meetings, arranged by the Monex team at the summit. Whether it is acquiring venture capital, observing services and products, forming partnerships, or engaging with the audience through a speech, Monex Summit will deliver a maximum return on investment.

 

Monex Summit Europe offers benefits for all type of participants:

Whether a large global company or SME, Monex Summit Europe assists achieving the growth of a business across the fintech ecosystem and find a perfect business partnership. The summit prioritizes the exhibition of products in front of fintech and financial services community, gaining brand awareness by positioning the firms at the forefront of the future of money.

 

Monex Summit Europe announces its top speakers from reputable fintech companies and banks:

This is the best opportunity for participating companies to challenge the reality of fintech and banking industry, face-to-face. The best challenge lies on the stage. Monex Summit Europe announces that the world’s famous companies and banks, like; PwC, Accenture Financial Services, Alior Bank, KPMG, JP Morgan Chase & Co., Commerzbank, Yandex Money will participate and speak of topics related to finance, money, fintech, technology, and many more.

 

Monex Summit Europe announces its biggest partners and sponsors at the event:

Monex Summit focuses on forming relations in a business-friendly ecosystem. For this reason, the Monex team is constantly looking for new partnerships. Monex Summit proudly announces that the industry’s key leaders join this year’s European event. The summit is supported by MIT Enterprise Forum, European Fintech Alliance, Holland Fintech, Czech Fintech, EWPN, MENA Fintech Association, Logix, Ticket Setup, Financial IT, Fintech Finance, Fintech Future.

 

The official sponsors of Monex Summit Europe are OneSpan, Infocert, UnionPay International, Cashoff, Feerica, Euronet, Asseco, Collinson, ABBYY, Lekta, Promon, Siauliu Bankas AB.

 

This is the last chance to join Monex Summit Europe.  Participate. Connect. Grow.

USA Takes the Top Spot in the Crypto ATM Installation Chart by Holding 65.4% Share in the Continent

USA Takes the Top Spot in the Crypto ATM Installation Chart

In the constantly evolving and developing the world of cryptocurrencies, “limit” is a word that fails to fix in its bracket. The digital currency arena, which was once considered to be unproductive, has proven its mettle with time and has been successful in establishing itself as the unprecedented star of the new-age tech industry.

With the growing popularity amongst masses, cryptocurrencies have seen a new phase of development that focused on making this new-age technology a user-friendly option for customers worldwide. The launch of cryptocurrency ATMs played an important role in bringing a revolution in the digital money space.

According to the latest data charts and statistics from Coin ATM Radar, there are a total of 6000 Bitcoin ATMs in the world. Though this number might appear insignificant to many but for an industry as new as cryptocurrencies, the figures are quite appealing and pointing towards a promising future of the industry.

Crypto ATM Installation Speed

Interestingly, the United States of America leads the chart, which showcased the distribution of crypto ATMs installed in various countries and continents. The U.S holds a majority of 65.4% of the total number of ATMs.

Crypto ATM Share by Manufacturer

An informative chart from Coin ATM Radar on the speed of installation of crypto ATMs disclosed that 9.3 crypto ATMs are installed on a daily basis. The figures are calculated on the basis of data collected for last 60 days, and the speed of installation is calculated on the basis of last 7 days. The chart concerning the number of cryptocurrency ATMs installed by manufacturing units revealed that the maximum number of machines was installed by General Bytes, which had a share of 32.7%.

Top Crypto ATM Operator

A chart showing the number of bitcoin ATM machines being set up by the top tier operators was also released. The figures showcased that the top 10 operators run 2471 crypto ATMs, which amounts to 41.2%. There exist 549 other operators who manage 3532 crypto ATMs, which resorts to 58.8% share.

HSBC Closes Account Linked to Hong Kong’s Violent Protests, Cites Regulations

HSBC Closes Account Linked to Hong Kong’s Violent Protests, Cites Regulations

Amid the violent anti-government protests that are taking place in Hong Kong, HSBC Holdings highlighted some routine regulatory needs to make sure that client money has been used for the mentioned purposes. Earlier, there was a report on Monday that claimed that the bank is closing a corporate account that assisted in funding the large scale protests activities in Hong Kong.

Last week, the city witnessed one of the most violent protests in over 5 months of demonstrations. And, members of the Chinese military were seen cleaning up the city’s streets.

According to the Hong Kong Economic Journal, HSBC Holding immediately resorted to action after discovering the account was apparently used without conforming to its original paperwork. The bank also provided this information to the client that it would shut the account following a 30-day notice that comes to an end this week. However, the bank did not elaborate on the identity of the account holder.

Hong Kong has been gripped by a wave of violent protests. There have been more than four months of political unrest, traffic violations and surging levels of violence in Hong Kong. And, now universities all over Hong Kong have become the latest battleground. Protestors’ clash with riot police has paralyzed the city’s economy.

The polarizing protests caused troubles for many renowned companies that may include Apple and Activision Blizzard, among others. The companies are under immense political pressure to severe all perceived links with the city’s pro-democracy protests, which causes them to face public backlash later on.

Meanwhile, 612 Humanitarian Relief Fund claimed on Monday on its Facebook page that its HSBC account is functioning normally. The organization assists protestors in paying medical expenditures and legal fees.

HSBC Holding Plc has emerged as the leading British multinational investment bank and financial services holding company. It became the 7th largest bank all across the globe by 2018.

Addenda Announces Closure to Its Seed Round

Addenda Announces Closure to Its Seed Round

Addenda, an insurance blockchain association, based in UAE, is done with its seed fundraising round, as per the official announcement. With these fresh investments, the firm not only plans to scale up its marketing and sales efforts but also boost product development. In addition to that, Addenda intends to establish and broaden their operations in more GCC nations.

The amount of the funds has not yet been disclosed. The fundraising round saw participants from noted organizations such as 500 Startups, Beyond Capital, and Jada Investments, to name a few among a list of angel investors.

Sharif El-Badawi, 500 Startup’s Managing Partner, shared his views on this latest announcement saying that they are thrilled to partner with Addenda. Terming Addenda’s blockchain solution as first-of-its-kind in the Middle East, Sharif stated that they are proud of Addenda’s founders, as well as their team, for having introduced a feasible product powered by blockchain technology that the insurance sector can adopt.

Addenda, the blockchain firm that has two brothers Karim Davis Dib and Walid Daniel Dib as founders, was established last year in March. Addenda has also become a part of the second unit of the DIFC (Dubai International Financial Centre) Fintech Hive.

The company came out with its first blockchain reconciliation platform between insurance firms in mid-October. According to Addenda’s CEO, Walid Daniel Dib, the platform saw 8 insurance firms filing motor insurance claims worth over Dh700,000 against one another within a couple of weeks from the launch.

Olly Robbins Joins Investment Bank Goldman Sachs

Olly Robbins, Britain’s former Brexit negotiator, will be joining US investment bank, Goldman Sachs. As per the news, he will be joining the US bank later in 2020 as a Managing Director. He had served as the chief Brexit negotiator and the Europe advisor of the former British PM Theresa May before he took over this offer. He has been offered a six-figure salary for the post. The appointment is confirmed by the Cabinet Office and approved by the advisory committee that screens post-government jobs for politicians.

Olly Robbins will be joining the US bank after a sabbatical at Oxford University. He will be designated with the Heywood Fellowship for the first time in the history of the University. This is a new Fellowship award established in the memory of Jeremy Heywood, the former Cabinet Secretary. His strong dedication towards work has earned him such a prestigious award.

He had served under 4 British Prime Ministers with utmost dedication and impartial attitude. Robbins headed talks that led the former British PM Theresa May’s withdrawal agreement that formed the basis of UK’s exit from the EU bloc. However, Prime Minister Theresa May repeatedly failed to garner enough support for this deal and she resigned earlier this year. Before resigning she granted knighthood to Robbins for his excellent dedication towards work. This did not stop the Brexiters to criticize Robbins. Despite owning all the credit for negotiating the Chequers deal, Robbins became unpopular amongst the Brexit supporters due to this withdrawal agreement. After Robbins announced that he would quit from this position, the new British PM Borris Johnson paid tribute to Robbin’s proposals and said that this deal would turn Britain into a “vassal state.”

A Brief Summary of Bitcoin’s Lightning Network – Discussed!

By removing transactions from the fundamental blockchain, lightning network is relied upon to unblock Bitcoin and reduce related exchange fees. Transactions directed on the lightning network are instantaneous and will considerably upgrade Bitcoin’s utility as a mechanism daily.

 

Bitcoin Lightning Network

Lightning Network can be described as a second-layer network which transmits signed but will not broadcast exchanges among associates and depends on the Bitcoin blockchain for final settlement of assets. This implies exchanges that are not constrained to the block size, confirmation times are not necessary, and the Bitcoin blockchain does not have to store each transaction that happens.

 

Uses

  • Lightning Network can be utilized to conduct off-chain exchanges which involve trades between digital currencies. For instance, it is mandatory for atomic swaps which will empower cryptocurrency to be traded for another without the association of the third party, for example, cryptocurrency exchanges.
  • Lightning Network takes care of the scaling issue by making a second layer on Bitcoin’s fundamental blockchain. Moreover, the second layer comprises of various payment channels between groups or Bitcoin clients. A lightning network channel is an exchange process between two peers. Utilizing these channels, the groups can transfer or receive payments from one another.
  • Furthermore, the lightning network is intended to be for smaller payments and microscale exchanges of a few cents. For vast amounts of considerable value with Bitcoin, clients should utilize a standard on-chain exchange.

 Working of Lightning Network

 The Lightning Network is based upon the fundamental technology of the blockchain. By utilizing genuine Bitcoin or blockchain exchanges and utilizing its native smart-contract scripting language, it might be possible to make a secure network of members which can be executed at high volume and speed. More like blockchain, the lightning system disinter mediates central foundations, like banks, which are in charge of steering exchanges.

 

Does it require fees to use Lightning Network?

 Indeed, there are fees for utilizing the Lightning Network. They are a blend of routing charges for steering payment information between lightning hubs and Bitcoin’s exchange fees to open and close the system.

 

Who built the Bitcoin Lightning Network?

Lightning Network was first portrayed in a white paper composed by Joseph Poon and Thaddeus Dryja.  Later, it has developed into a network of third party individuals and organizations adding to specifications and executions.

 

Advantages of the lighting network

  • Payments Instantly: With Lightning network, blockchain payments can be quick without stressing over block confirmation times. Blockchain smart contracts authorize security without creating an on-blockchain exchange for individual payments. Besides, payment speed estimated in milliseconds to seconds.
  • Adaptability: The Lightning network is capable of millions to billions of exchanges for each second across the system. Connecting payment per activity or click is presently conceivable without guardians. 
  • Low expenses: By executing and settling off-blockchain, the Lightning Network takes into consideration meager fees, which allows for developing use cases, like instant small scale payments.
  • Cross Blockchains: Cross blockchain atomic swaps can happen off-chain instantaneously with complex blockchain agreement rules. Moreover, as much as the chains supporting the equivalent cryptographic hash work, it is possible to make exchanges over blockchains without trust in intermediaries.

 How lightning payments are made

To use Lightning, the user needs a Lightning-enabled Bitcoin wallet. A Lightning wallet has the same usefulness of a regular wallet but additionally enables the user to send or receive payments instantly through Lightning.

Problems in Lightning Network

Lightning Network is generally a developing technology and is still under development phase. Furthermore, a few issues related to it are being solved. Below given are the few points:  

  • The most evident problem regarding lightning networks is that they are intended to be decentralized, which could prompt duplication of a hub and spoke model that portrays the present financial frameworks. In the current model, banks and financial foundations are the leading third parties through which all exchanges occur.
  • The second issue that is being researched in lightning networks is the feasibility of an increase in bitcoin exchange charges. They are a significant component of the systems general charges. Moreover, if the Bitcoin’s exchange expenses rise, at that point, a second layer could wind up repetitive since it would end up less expensive to conduct exchanges on bitcoin’s blockchain.
  • Lightning networks are accepted to be vulnerable against thefts and hacks because they might be required to be online consistently.