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‘Bond King’ Bill Gross Believes Investors Will Shift Toward Bitcoin

October 5, 2016 by Alex Lielacher at Bitcoin, Commentary, News

Prominent fund manager and CEO of Janus Capital, Bill Gross, stated in his monthly investment outlook that in the attempt to boost economic growth central banks have turned financial markets into a casino. As central banks are printing money at unprecedented rates and are effectively trying to fight debt with...

J.P. Morgan Unveils Blockchain Project ‘Quorum’

October 5, 2016 by JP Buntinx at Ethereum, Finance, News

Many financial players are focusing their attention on blockchain technology right now. J.P. Morgan Chase is one of those institutions, albeit they are doing things a bit differently. To be more precise, they are working on a way to use a public blockchain for confidential transactions. Where other banks want...

Sydney Stock Exchange Successfully Prototypes Blockchain Equity Securities Platform

October 4, 2016 by JP Buntinx at Business, News, Tech

Stock exchanges can benefit from embracing blockchain technology in the coming years. Added transparency and quicker completion of services will benefit all parties involved in a transaction. Sydney Stock Exchange, together with Bit Trade labs, has been working on a blockchain-based settlement solution. The prototype has been tested successfully, which...

Disrupting the Banking Fabric: Will Blockchain Succeed?

October 4, 2016 by Michael Scott at Business, Finance, News, Tech

The banking industry has long been resistant to change. This has become abundantly clear as growing numbers of consumers feel hostage to a system that has become technologically stunted over the years. Simple cash transfers to another person’s bank account have become a major undertaking. Ridiculous fees are charged for...

China’s Housing Bubble Intensifies, Surging Demand For Bitcoin

October 3, 2016 by Joseph Young at Bitcoin, News

The Chinese housing bubble and the tightened financial regulations of the Chinese government have had a tremendous impact on the country’s investment ecosystem. Chinese buyers are invading real estate firms to secure any investment opportunities. Shocking footage released by China Central Television exhibited the desperation of Chinese buyers to enter...

Blockchain Applied: Interview With Caitlin Long, President of Symbiont

September 30, 2016 by Michael Scott at Interviews, News

In light of blockchain’s ongoing emergence and evolution, there continues to be much talk about its myriad applications for both the public and private sectors. New York City-based Symbiont, a FinTech infrastructure company focused on building financial services solutions utilizing distributed ledger and smart contract technology is considered by many...

ICONOMI ICO Surpasses 10,000 BTC, Guaranteeing Investment Fund Seed Capital

September 30, 2016 by JP Buntinx at Business, Finance, News

Ever since the ICONOMI ICO kicked off a little while ago, there has been great interest in the project. The team has reached some significant milestones in the meantime, including surpassing the 10,000 Bitcoin mark for the ICO itself. At the same time, they also guaranteed seed capital for the...

Ripple Not Impressed By SWIFT’s Global Payments Initiative

September 29, 2016 by JP Buntinx at Altcoins, News

When it comes to exploring blockchain in the financial sector, Ripple seems to be on most institutions’ lists. The company is also represented at the annual Sibos conference, and they are not doing so in a shy manner either. By being very vocal on social media and posing some tough...

Gemini Exchange Launches Daily Bitcoin Auctions

September 26, 2016 by JP Buntinx at Bitcoin, Finance, News

Facilitating mainstream appeal for Bitcoin is not an easy task. The Gemini exchange, operated by the Winklevoss brothers, wants to do things a bit differently. Starting last week, the platform introduced the first-ever daily Bitcoin auction. This effort facilitates Bitcoin price discovery, as well as accommodating high-volume trading at lower...

Bitcoin Teller Machines Surge Globally

September 24, 2016 by Michael Scott at Bitcoin, News

In a cash-centric world, ATM machines have a proven track record for facilitating economic exchange through the dispensing of cash and, in some cases, deposit acceptance. Now over the course of several years, Bitcoin Teller Machines (BTMs) offering similar features and beyond are being situated in various locales throughout the...

Bank of Thailand Gives Go-Ahead for Fintech Experimentation

September 22, 2016 by JP Buntinx at Business, Finance, News

Financial technology, also known as Fintech, is a booming industry. Entrepreneurs and startups all over the world bring much-needed innovation to the financial sector. However, existing regulations can nip these innovative concepts in the bud at an early stage. The Bank of Thailand wants to establish a regulatory Fintech sandbox...

How Bitcoin Is Creating Financial Stability Where There Is None

September 21, 2016 by Alex Lielacher at Bitcoin, News

In April 2013, under intense pressure from the EU, Cyprus suddenly decided to ‘bail in’ its banks, whereby 37.5 percent of uninsured deposits were converted into equity and depositors were prevented from withdrawing their funds. As a result, bitcoin usage surged in the region as it was used as an...

BNP Paribas Launches Minibonds Blockchain Platform Late 2016

September 20, 2016 by JP Buntinx at Business, Finance, News

BNP Paribas is one of the many global financial institutions exploring blockchain technology. Through its Securities Services arm, the group will expand their blockchain platform for private stocks. In doing so, the group seeks to help unlisted companies by letting them issue ‘minibonds’ through crowdfunding platforms. Issuing Microbonds On...

BTCMANAGER’s Week in Review Sep. 19: Banks to Market Their Blockchain Products Next Year

September 19, 2016 by Jamie Holmes at News Digest

Compiled from contributions by Alexander Lielacher, Jamie Holmes, JP Buntinx, Nigel Dollentas and Nuno Menezes. This week saw KPMG introduces their Digital Ledger Services Division which will aid startups to implement blockchain technology, while the US Congress was presented with a ‘blockchain bill’ to make the US regulatory landscape more...

Ripple Gains Strategic Partners, $55 million in Series B Funding

September 19, 2016 by Nigel Dollentas at Altcoins, Finance, News

Ripple recently secured an additional $55 million from their latest funding round, as well adding several heavyweights in the banking sector to their network, giving Ripple a huge endorsement within the fintech space and an avenue for further consumer adoption. The funding round introduced new investors to Ripple which include...

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