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Bitcoin hits new high of $1,000 as Chinese investors pile in
As 2017 rolled into force, and with the bulk of the other financial markets closed, Bitcoin took to the main stage, hitting a new high of over $1,000. A single Bitcoin was trading at $1,025 Monday morning, according to pricing data from Coin Market Cap. Other big exchanges such as Bitfinex, Kraken and Coinbsae showed the [...]
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Central Banks of Korea and Nigeria initiate seperate Blockchain studies
The Bank of Korea has published, as part of an overview of the central bank’s future plans, a report titled “Present Status and Key Issues of Distributed Ledger Technology” detailing policy issues which could hinder the growth of distributed ledgers and also estimates the cost-cutting effect of the application of the blockchain technology for the first [...]
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Non-cash payments across US and UK to soar by 2026
The value of non-cash payments in the US and UK will reach $46 trillion and £1.44 trillion respectively by 2026, new research from global law firm Paul Hastings shows. In the US, this is a 36% increase on 2016’s figure of $33 trillion, with there being 221 million contactless mobile payment users within a decade. [...]
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FinTech Disruptors Report 2017: Banks say partnering with Fintechs is essential
A survey of financial institutions, FinTech start-ups and ecosystem participants across Europe, Africa and the Middle East has revealed that the convergence between the strategies of FinTechs and traditional financial... more
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FinTech Disruptors Report 2017: Banks say partnering with Fintechs is essential
A survey of financial institutions, FinTech start-ups and ecosystem participants across Europe, Africa and the Middle East has revealed that the convergence between the strategies of FinTechs and traditional financial institutions is rapidly gathering pace. According to the survey, conducted by MagnaCarta on behalf of ACI Worldwide, more than three quarters (78%) of traditional FIs [...]
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