Managers of Wealth Fintech

Blockchain is disrupting the banking space, IMF managing director says

Regulators are mindful of wherever the competition is coming from, mentioning a Kenyan telecom company that has obtained a banking licence.

Chinese Bitcoin Miners Suffer in Iran Despite Cheap Power

Liu Feng, who runs a bitcoin mine that holds over 20,000 Antminer T9 units, was lured by the extremely cheap electricity in Iran

Fintech is thriving! Global investment more than doubles in 2018

This was partly due to a small number of mega deals.

IMF Head Sees Cryptos ‘Shaking’ The System — But Will Banking Stay Shook?

And yet, she added, “We don’t want innovation that would shake the system so much that we would lose the stability that is needed.”

AI in banking to be worth $300bn by 2030, but millions of jobs at risk

The technology is employed by many banks to detecting fraud, spotting patterns or anomalies that might indicate illegal activity.

Institutions contact crypto fund after ‘instant’ switch

The boss of a major crypto investment fund says wealth managers have sprung into action after the recent Bitcoin price spike.

Venture Capitalist Draper to Meet With Facebook on Crypto Fund

Draper has been among the first venture capitalists in Silicon Valley to see the value and promise in Bitcoin and other digital currencies, as well as the underlying technology, blockchain, which can allow for secure transfer of money without use of inter

Up to tenth of world wealth set to be stored on blockchain by 2027

Networking giant Cisco says €8.9tn of global GDP could be on blockchains within eight years

Wealth management gains from AI developments

The World Economic Forum estimates that 133m new roles may emerge by 2022.

New York Rejects Crypto Firm’s License Bid over AML Concerns

Bittrex, which offers crypto-currency exchange and wallet services, had served approximately 35,000 clients in the state under a “safe harbor” provision pending the department’s decision.

This luxurious Swiss hotel now accepts payments in Bitcoins

The novel payment method is introduced with the help of an app called Inapay that enables merchants to accept cryptocurrencies and easily convert them into the Swiss franc

China could soon ban cryptocurrency mining: Report

The South China Morning Post has reported the country's economic planning body is moving to ban cryptocurrency mining facilities.

To attract foreign investment, Africa must regulate cryptos

Internet penetration has also taken root quite quickly, with some countries registering over 1000% rises in the past decade.

UK Private Bank Launches Blockchain Exchange-Traded Note

The portfolio of stocks will initially comprise of 20 names diversified across industries and countries

Societe Generale’s Kleinwort Hambros launches enterprise blockchain investment note

The announcement mentions that shipping and bulk commodities are two areas of interest because of the potential for margin improvements.

Bitcoin Will Become The Largest Store Of Value In The World Says Block.one CEO

Usually, this is when it comes to reforming the traditional financial transactions along with the existing limitations.

Central banks looking to cryptocurrency to replace cash

Despite central banks historically being risk-averse, a number of different nations have contributed numerous white papers, reports, and investigations into how blockchain technology could improve their operations.

Not Staying Neutral: Switzerland Paves the Way for Crypto Regulation

At the core of Switzerland’s ability to proactively develop its blockchain industry has been its decentralized political system.

10 ways central banks are experimenting with blockchain

A central bank-issued digital currency that is operated and settled in a peer-to-peer and decentralized manner (with no intermediary) and is widely available for consumer use.

Bloomberg Report Suggests Algorithmic Trading Caused Bitcoin’s Recent Price Surge

In addition to this, Bloomberg also stated that Bitcoin’s sudden 20% surge this past Tuesday, as the Asian markets opened, could be attributed to a large automated $100 million trade made over three different exchanges.

Bitcoin, Blockchain & AI