Dave Chapman, Chief Executive Officer of Octagon Strategy, was the guest on CNBC’s Squawk Box TV show a few minutes after the advent of Bitcoin futures in the Chicago Board Options Exchange. In particular, he mentioned a 6-digit price for Cryptocurrency by the end of 2018. The digital asset manager said that the price increase for Bitcoin, which has already appreciated more than 1,500% since the beginning of the year, was probably just a beginning. It anticipates a continuation of this increase in 2018, while Bitcoin tends to become more democratic. If a move beyond $ 100,000 seems far...Read More
Author: Fintech Crypto News
Have you imagined learning the basics to start and understand Bitcoin and more generally the cryptocurrency in a few minutes? Bitcoin is a cryptocurrency, and you are in the right place to understand everything. This guide has a “Bitcoin for Dummies” approach and even better! Because since Cryptocurrency is a digital technology with algorithms, cryptography, [insert your complicated word] then I have simplified to the maximum so that you can understand bitcoin easily. Easy bitcoin for dummies As a result, this guide explains what is bitcoin (or a Cryptocurrency). However, some points are simplified or even inaccurate for one’s...Read More
Fintech is one of the most discussed areas of activity. In the sphere of financial technologies, a whole wave of start-ups, including “unicorn companies”, costing more than a billion dollars, was born. Financial technologies penetrate new areas of activity and challenge the banks and other market players. Chris Skinner, an independent specialist in financial markets and author of the blog Finanser, writes about the current state of the Fintech and about what segments this industry shares. Regulation In this area, technologies are used to help banks ensure compliance with regulatory requirements in the simplest and most economical way. In the same category are technologies...Read More
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
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
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