News > FinTech

Friends in High Places: Goldman Comes to Bitcoin's Defense
FinTech
Bitcoin cracked the $11,000 plateau on Wednesday, which will no doubt fuel further prophecies of its impending demise, felled by overzealous investors who are riding the hype into a bubble that will pop any day now. However, while Jamie Dimon may think bitcoin is "a fraud" and Warren Buffett and Ray Dalio see the market as "a bubble," the world's
Singapore: The World's Third Largest ICO Hub
FinTech
Apparently, all those negative reports about Singapore’s ICO scene were dead wrong. Deal Street Asia, citing data from CB Insights, Funderbeam, and Crunchbase, recently reported that the Lion City is actually the world’s third largest ICO hub, after the U.S. and Switzerland. Singapore apparently saw nearly $200 million in ICO funding this year, less than a fifth of the United
Here's What Everyone's Saying as Bitcoin Surges Near $10,000
FinTech
Bitcoin's meteoric surge hit a record high past $9,000 over the weekend and crept near the $10,000 milestone on Monday, which has investors very excited, very scared, very skeptical - or a combination of all three. As bitcoin breaks records and the enthusiasm among its investors shows no signs of slowing down, the world's biggest cryptocurrency is generating all the
Financial Services and the Digital Future
FinTech
Over the decades, the financial services industry seems to have adapted quite well to the challenges thrown at it. However, it faces a major intergenerational and technology shift as baby boomers and Gen Xers slowly give way to millennials and centennials. Despite sharing some expectations from their finance providers, “the next billion” demand a more personalized experience compared to the
Report: ICO Funding Surged 1228% in 2017
FinTech
Everybody knows that ICO funding skyrocketed this year, but by how much did it, really? Hacked, citing a recent paper from Funderbeam, reports that token sales surged from relatively tiny $228 million in 2016 to a solid $2.8 billion in 2017 – an over 1,200% climb – with the average round reaching $19 million. Meanwhile, the total number of ICOs
Singapore to Regulate Securities-Like ICOs
FinTech
The Monetary Authority of Singapore (MAS) recently published a paper on ICOs and among other things, it looks like some token sales are going to be regulated. According to the paper (PDF), all ICOs with tokens that fall under capital markets products definitions will automatically be subject to the Securities and Futures Act (SFA), just like every equity or debt
AMD Has More to Lose Than Nvidia Should Bitcoin Mining Hardware Sales Decline
FinTech
The cryptocurrency craze has been a major tailwind for both Advanced Micro Devices, Inc. (NASDAQ: AMD) and NVIDIA Corporation (NASDAQ: NVDA). However, should cryptocurrency lose favor among investors, one analyst says AMD may have much more to lose. The Analyst Morgan Stanley analyst Joseph Moore maintains an Underweight rating and $8 price target for AMD stock and an Equal-Weight rating and $222 target for Nvidia. The Thesis AMD
Despite Restrictions, Asian Investors Are Still Flocking to ICOs
FinTech
Apparently, neither bans nor harsh restrictions can stay Asian investors from ICOs. Financial Times: …the halt on ICOs has not stopped investors from buying into the deals. In China, over-the-counter bitcoin sales rose from 5 per cent before the ban to more than 20 per cent in November. Back in September, the Chinese government banned token sales alleging, among other
Here's How You Could Be a Pawn in the Cryptocurrency Game
FinTech
Maybe you’re a skeptic, or maybe you want in but don’t know how. But while you fail to benefit from the bitcoin boom, you may be an unwitting instrument in another’s cryptocurrency work. Cryptocurrency miners have been hijacking consumer central processing units to steal computational power for the data-heavy process, ultimately accelerating device wear, slowing performance and draining battery life. Here are three portals through which
'Digital Industrial' Firms Talk Pros and Cons of Automation, AI at Detroit Summit
FinTech
With the emergence of 3-D holographic engine models and windshield-projected driving directions, industry as we know it is being upended. Technology is enabling technology that produces technology, yielding a new paradigm. “We are moving from a place to a pace,” Howard Heppelmann, divisional vice president and general manager of connected operations solutions at PTC Inc (NASDAQ: PTC), said at Automation Alley’s Global Industry 4.0