CoinDesk’s Consensus conference draws 8,500 attendees this year. The ticket sales alone raised $17 million dollars! A ticket to the cryptocurrency conference on Bitcoin and blockchain technology costs $2,000. The three day conference started on Monday at New York Hilton Midtown. The overwhelming popularity of this year’s Consensus conference is attributed to the cryptocurrency surge that took place in the latter half of 2017. Ronnie Moas, head of independent market research firm Standpoint Research was heard saying – “It is a bit chaotic in here. I think they sold too many tickets…Everyone is here. A lot of the top...Read More
Author: Fintech Crypto News
Facebook is famous for enabling users to multitask on their platform. While on Facebook, users can make electronic payments as well. Launching a cryptocurrency will help users involve Facebook in financial transactions. The action will gain the website even more popularity in the crypto-community. Morgan Beller, a corporate development team member of Facebook, started exploring the possibilities of blockchain technology for the website last year. Her research on the decentralized network has been taken up by David Marcus; the vice-president in charge of the Messenger App. David Marcus is to lead the new team that will “explore how to...Read More
Roger Ver, once proudly known as the “Bitcoin Jesus’, predicts that Ethereum will overtake Bitcoin by the end of 2018. Bitcoin holds the trophy for being the world’s first successful cryptocurrency, however, in more recent years, altcoins have threatened to more successful. Cryptocurrencies like Ethereum and Bitcoin Cash are technologically superior to Bitcoin. Even Bitcoin Cash is expected to surpass Bitcoin by 2020. This moment in history is being called “The Flippening”. Bitcoin is facing issues from users due to high transaction fees and slow transfer times. “More than 1,500 cryptocurrencies have entered the market since Bitcoin’s 2009 inception...Read More
Ever though about launching an ICO? Here’s how you could go about it: You would find an existing gap in the market, and launch an ICO instead of an IPO (because let’s face it, ICO’s are way cooler than IPO’s). Then you would do some market research, set up in accordance with your country’s regulations, make sure there’s high liquidity, and most importantly, launch! Happy ICO...Read More
ASEAN Financing Innovation Network (AFIN) will connect banks, micro financing companies, financial institutions, and fintech companies for financial services and solutions. AFIN was developed by the Monetary Authority of Singapore, International Finance Corporation and the ASEAN Bankers Association to enforce regulations for fintech. Why do fintechs need KYC procedures? Today, businesses cannot function without declaring their funding and fulfilling authenticity checks. The set of regulations or ‘checks’ have been incorporated into the Know-Your-Customer procedure or KYC (as it is more commonly known). In a world where fintech startups are popping up at every corner, these regulations are necessary; since...Read More
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