The largest cryptocurrency exchange in China, Huobi, has made plans to move into Japan and South Korea. Huobi has entered into a partnership with SBI Group, one of Japan’s largest financial institutions, to do so. Huobi has agreed to give 30% equity to SBI Group for their dealings in Japan. In return, SBI Group will…
I usually start the new year by making some predictions, but so many others have been writing about 2018 trends that I’m not going to. There are four big things for 2018 from a FinTech viewpoint that are obvious to me, however, which are: Getting down to business with Artificial Intelligence (AI): several of the…
Just how many Bitcoin billionaires are there in the world? Nobody knows for sure, but recent speculations have the number pinpointed to somewhere between 35 and 200 – a far cry from the two everyone thought back in December. The Winklevoss twins were the first publicly verified Bitcoin billionaires, holding around 91,666 Bitcoin, which at…
There’s no denying that 2017 was a great year for Bitcoin. It started the year going for under $1,000. It started making some waves in the summer when it hovered in the $4,000 range. Then, in the early part of December, it almost hit $20,000, a phenomenal record that blew practically everyone away. Bitcoin made…
Mechanisms to comply with MiFID II’s requirements include: P&L: An asset manager may elect to absorb all research costs. Research Payment Accounts: Client-funded Research Payment Accounts (RPAs) may be created to govern the use of commissions for research within a pre-determined annual budget. However, once an asset manager’s annual RPA research budget is consumed, an asset manager…
About half a year ago, SEC released an investigative report concluding that DAO Tokens were securities. Since then there have been a number of high profile cases reinforcing this classification world-wide – UIP, LLToken, CCC, and HMS had to issue refunds to the ICO purchasers in China, Protostarr closed up shop, REcoin and DRC World were charged with fraud and so on. On one…
Poloniex is a cryptocurrency-only exchange and is, in fact, one of the longest-running crypto exchanges there is. Recently Poloniex made an announcement that has some users grumbling about their decision to start trading on this particular crypto exchange. On December 27, Poloniex announced that it has upgraded its customer identification and verification systems. This means…
BTC transactions per day have declined since the peak around 490,000. This trend has been matched through Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). ETH continues to process the highest number of transactions per day, almost double that of BTC. However, the average value of a BTC transaction is over 10x greater than ETH…
2017 will likely go down in history as Bitcoin’s first real ‘hair-on-fire’ year — and there will likely be many more to come. As the wild ride winds down though, we thought a review of some of 2017’s most well-read stories might assist in putting some perspective around the events of the year — and…
Blockchain technology was invented back in 2008. But it’s just now taking the internet, technology, and even banking by storm. Already, 24% of people around the globe are familiar with blockchain technology. That number is 41% if you only count people in North America. In 2015, 13 different blockchain companies secured $365 million in funding.…
