Tag: finance

Western Union Prevents Users From Completing Cryptocurrency-related Transactions No Comments

Various financial providers prevent users from buying or selling cryptocurrencies. We have seen banks halt transfers or close accounts because of this. It now appears Western Union attempts to do the same. By actively preventing users from sending wire transfers to exchanges, an interesting precedent is created. Whether or not this course of action is warranted, remains to be seen. Unlike what...


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High-transaction Rate Blockchain Platform Zilliqa Welcomes New Senior Advisors No Comments

There is an increased focus on blockchain-based financial platforms. One of the companies worth keeping an eye on goes by the name of Zilliqa. The project recently appointed two Fintech veterans as advisors. Moreover, the company performed experiments to process 2,488 transactions per second on the testnet. This high-transaction rate blockchain platform is continuing to make waves in the blockchai...


Frederic Oudea Thinks Bitcoin Has No Future No Comments

The CEO of French financial services provider Societe Generale has said that its the anonymity of virtual currencies that will be their downfall. Speaking at the Web Summit conference in the Portuguese capital of Lisbon on Tuesday, Frederic Oudea said that the ease with which the likes of Bitcoin can be used to launder money, or avoid taxes would force governments to regulate them: I can't see a ...


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James Disney of Credit Suisse: “The Sky’s the Limit” No Comments

Speaking on CNBC's "Fast Money" on Tuesday, James Disney of Credit Suisse made bold claims about the revolutionary power of blockchain. He also confirmed that Credit Suisse have been running experiments with the technology in various parts of the business. Due to the present nature of private equity transactions, it can take weeks for deals to close and accounts to settle. According to Disney, ...


How Technology Is Changing Day-To-Day Life No Comments

The rate at which technology has developed in the past half a century is astonishing. Innovation and advancement have changed the way that the world operates in more ways than one. Just about every sector you can imagine has been transformed by technological advancements in recent years, from the healthcare facilities to retail stores. While businesses are certainly feeling the effects of technolo...


NewsBTC Banks Digital Currencies Warning

Yet Another Bank Warns About the Dangers Associated With Digital Currencies No Comments

One recurring trend we saw over the past few year sis how banks continue to warn about Bitcoin and cryptocurrency. For some reason, banks are legitimately afraid of digital currencies. That is not entirely surprising, as digital currencies bring competition to the traditional financial ecosystem. The Bank of Samoa feels now a good time to warn about Bitcoin and other currencies. Banks warning ...


Bitcoin Price Ticker is the Top Paid Finance App in The Apple Store No Comments

Mobile Bitcoin applications are a great way to keep tabs on the current price. Although there are multiple free applications available, some are paid. One of those paid apps is quite popular among iOS users. It is quite nifty to see a paid Bitcoin price ticker app dominate the paid finance apps in the Apple App Store. Things are slowly starting to change in favor of Bitcoin. It has to be said, ...


Financial Expert Jonathan Harris Feels “Zero” is the Right Price for Bitcoin and other Cryptocurrencies No Comments

There are different opinions out there regarding the Bitcoin price. Some experts feel US$2,000 was a major milestone and anything is possible from here on out. Others think this is all just a big bubble waiting to pop. Jonathan Harris, on the other hand, feels Bitcoin should be worth nothing. The same goes for all other cryptocurrencies in his opinion. In fact, he states how "cryptocurrencies do n...


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Russia is Going Through an Economic Recovery, But What Does It Mean For Bitcoin? No Comments

Russia has always been a bit of an unusual country when it comes to finances. Interestingly enough, the financial system in this country is on the mend, which paints a positive outlook. Considering how the local government wants to take a positive stance on Bitcoin, it is evident this country is worth keeping an eye on. It is good to know Russia's economy is slowly recovering. The past few dec...


Millennials’ Trust In Banking Institutions Reaches An All-time Low No Comments

The past decade or so had not been kind of banking institutions. Major scandals and mismanagement of funds have been making media headlines for some time now. It is not surprising millennials have little faith in the banks at this stage. In fact, less than one in ten would put their faith in a banking institution as of 2017. it remains unclear if this will have a positive effect on Bitcoin moving ...


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