fintech Archive

blockchainChina global lead in Fintech and Mobile Payments

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Mobile payments are just one of seven key markets for China’s booming fintech industry. Fintech is short for “financial technology” and refers to the application of technology within the financial services industry. This is information from a Brookings Institution piece, …

bitcoinBlockchain Technology Concepts Explained

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the National Institute of Standards and Technology (NIST) has released a straightforward introduction to blockchain, which underpins Bitcoin and other digital currencies. (59 pages) A blockchain is essentially a decentralized ledger that maintains transaction records on many computers simultaneously. Once …

altcoinOver 1400 alternatives to Bitcoin

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Coinmarketcap lists over 1400 alternatives to Bitcoin. There are 42 cryptocurrencies with market capitalization over $1 billion as of Jan 13, 2018. Bitcoin’s block size is 1 Megabyte. This limits the number of transactions each block can hold. Bitcoin has …

cryptocurrencyCryptocurrency Ripple working with Moneygram to update the $600 billion cross border payment market

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The global remittance market is a big business. In 2016, remitters sent nearly $600 billion in cross-border payments to help support family members living in their home countries or to settle transactions with business partners. Money transfer companies allow people …

blockchainICOs reached $3.7 billion in 2017

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There were 235 ICOs (Initial Coin Offerings) with a total value of $3.7 billion in 2017. Top Ten ICOs of 2017 Position Project Total Raised 1 Filecoin $257,000,000 2 Tezos $232,319,985 3 EOS Stage 1 $185,000,000 4 Paragon 183,157,275 5 …

blockchainRBC Analyst forecasts cryptocurrencies and blockchain tech will become $10 trillion market by 2033

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RBC (Royal Bank of Canada) Capital Markets analyst Mitch Steves says cryptocurrencies and the blockchain technology underlying them could become a $10 trillion market in 15 years. This $10 trillion estimate comes from taking one-third of the roughly $30 trillion …

blockchainEther hits $900 and the overall cryptocurrency market value is at $645 billion

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Ethereum hit a high of $914 this morning. Most of the top 20 digital currencies are in the green today, and the market cap for all cryptocurrencies is closing on a new record, standing at $645 billion

blockchainWinkelvoss twins are now bitcoin billionaires

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The Winklevoss twins, who were ousted from Facebook, are now Bitcoin Billionaires. The twins won a $65 million settlement with Facebook after claiming Mark Zuckerberg stole their idea. They invested $11 million in to bitcoin in 2013. The price has …

blockchainForesight Institute Vision Weekend for Molecular nanotechology, AI and more

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Foresight Institute’s Vision Weekend, Dec 2-3, SF You may apply the code “THENEXTBIGFUTURE” for a 50% discount when purchasing your Vision Weekend ticket. (This is a Foresight member-only event, so if you’re not a member already, join when registering.) The …

artificial intelligence7% GDP growth in Vietnam, Philippines start of a fintech-AI-reform powered long World Economic Boom

There could finally be return to a global economic boom (GDP growth over 4%) similar to the PC and internet boom of the 1990s and early 2000s. The Boom years of the 1960s and early 1970s at over 5% global …