Author: Fintech Crypto News

5 most relevant trends in Fintech

Current trends in financial technologies and options, how to use them in their business. The global volume of investments in the Fintech industry today is approximately at the level of 20 billion a year – such estimates are provided by the largest consulting companies. KPMG calls a figure of 19.1 billion US dollars, Deloitte says about 20 billion, the international system integrator Accenture announced a total investment of 22.6 billion US dollars. This means that the market for technological solutions for the financial sector is in a stage of very dynamic development – and projects that literally a year ago seemed fantastic or unrealizable may already...

Read More

500 BILLION DOLLARS: NEW HISTORICAL RECORD FOR THE CAPITALIZATION OF ALL CRYPTOCURRENCIES

That night, the cumulative value of all the crypto-currencies exceeded for the first time the threshold of 500 billion dollars. 504.843 billion dollars: This is the historical record displayed by the total capitalization of all digital currencies. CoinMarketCap collects information about the Bitcoins and 1342 “altcoins” which are currently trading on the markets. As per CoinMarketCap, the valuation of all of these crypto-currencies exceeded the threshold of $ 500 billion for the first time. Meanwhile, three crypto-currencies strong capitalizations reached new heights: 662 dollars for the Ether (ETH), 478 dollars for Ripple (XRP) and 341 dollars for the Litecoin(CTA). What’s surprising is, above all, the speed with which the capitalization as digital currencies has progressed:  $ 100 billion on June 6, 2017    $ 200 billion on November 4, 2017    $ 500 billion on December 12, 2017 The graph below shows the exceptional year of crypto-currencies, whose total market value went from less than $ 18 billion to more then $ 500 billion: Transaction volumes have also exceeded $ 35 billion over the last 24 hours. It should be noted that Bitcoin still leads the boat, with a capitalization of more than 284 billion dollars. Its “dominance” on the market has recently returned above 50%: This domination went from 85% in March to less than 38% in June, while Ethereum’s capitalization approached that of Bitcoin. The BTC had also suffered last month in the fight against Bitcoin Cash, while...

Read More

Bitcoin ETFs Seek Approval Following Launch of Futures

Two companies have recently applied to the US Securities and Exchange Commission (SEC) for approval of their new Bitcoin Exchange-Traded Funds (ETFs). According to its real-time filings system EDGAR, the SEC received new applications for REX Bitcoin Strategy ETF, and REX Short Bitcoin Strategy ETF on Dec. 8 and VanEck Vectors Bitcoin Strategy ETF on Monday. Neither of the companies operating these funds would hold Bitcoin directly – the ETFs will be based on futures contracts and other Bitcoin-linked derivatives. If any one of the applications gets approval it would become the first operating Bitcoin ETF in the world. Why Bitcoin ETFs are...

Read More

Blockchain-Based Startup Creates New Opportunities for Charity

CharityStars is an online fundraising auction platform for the nonprofit sector that launched a series of auctions with prominent leaders in the Blockchain space. The auctions which will be closed on Dec. 18, include meetings with Dr. Julian Hosp, co-founder and President of TenX, Ryan Taylor, CEO of Dash, Brock Pierce, chairman of the Bitcoin Foundation, Erik Voorhees, CEO of ShapeShift, and more. “We believe that joining forces with such reputable leaders will not only draw deserved attention to the charities in need but also highlight the staggering benefits that this emerging technology can bring to the nonprofit sector.”...

Read More

Bitcoin is No Longer Just a Man’s Game

The stereotype of the early Bitcoin adopter is one of a techie camped out in his mom’s basement mining Bitcoin by the hundreds, and now living the high life off the profits. In those early days, there was little room or scope for women in the burgeoning technology ecosystem. However, as the digital economy has expanded to be worth just under $400 bln doors have been opening up and it’s women who’re stepping into the breach, making successes of themselves in a market that has no preconceived gender roles or prejudices. Four out of 30 of the largest initial coin offerings this...

Read More