Bitcoin’s transaction volume in 2017 exploded to $260 mln per day – or $180,000 per minute, according to the latest statistics. (more…)
Real estate crowdfunding continues to be a dynamic and ever-evolving industry, growing to an estimated $3.5 billion in 2016. By 2025, the crowdfunding industry as a whole is anticipated to be valued at more than $300 billion and online real estate marketplaces are primed to capitalize on that explosive growth. (more…)
“Let’s not throw the baby with the bath water”, is what the financial services industry seems to be saying. While they didn’t quite warm up to the Bitcoin, they are clearly embracing the Internet of Value that has been made possible by blockchain, the crypto-currency’s underlying technology, akin to internet/web for information. Today, blockchain is one of the most discussed technologies within the industry and is considered as one of the most interesting development on technology front. Even as we speak, many multinational banks have invested in proof-of-concept projects to explore potential applications for blockchain across the financial services value chain. In the recently held annual meeting of World Economic Forum (WEF-2016) in Davos, Switzerland, leaders of the world’s largest financial institutions, companies and organizations debated on blockchain technology as a disruptive innovation, which has potential to change the banking landscape. (more…)
By CryptoCoins News
Haipo Yang, ViaBTC’s founder and former employee at the Chinese internet giant Tencent, expressed strong criticism in a brief interview with CCN towards Luke-Jr, a Bitcoin Core developer and Blockstream contractor, regarding his proposal to reduce the blocksize to 300kb or, alternatively, for the network to wait another 7 years before an increase of the current 1MB transaction capacity. Yang says: (more…)
By Melissa Gonzalez for PaymentsSource
By Elena Mesropyan for LTP
There is enough said about the scale of the FinTech industry, its inclusive agenda and massive surrounding ecosystem, but the real value of this industry is not in millions that are moving around in funding, expansion and acquisition deals. The value is measured in micro-processes, in the real, everyday difference FinTech startups make for small businesses and individuals. (more…)
According to CB Insights, vc activity related to insurance startups hit its highest annual total in 2016 with $1.69B invested in 173 deals.
In this space, one of the first cases on thematic investors focused exclusively on investing in insurance startups comes from London with Eos Venture Partners, an independent and specialist InsurTech investment and advisory firm launched by Sam Evans.
By CryptoCoins news
As the Chinese government is turning toward researching and exploring possible applications of blockchain technology, the country’s big banks are increasingly hiring experts and developers to keep up with digitization and a technology-driven landscape.
By Lester Coleman for CryptoCoinNews
True blockchain-led transformation is still many years away, according to an article, “The Truth About Blockchain” in the Harvard Business Review, because it does not deliver a truly “disruptive” business model which can attack an existing model with a lower cost solution, rather it is a “foundational” model since it can create new foundations for economic and social purposes. (more…)
The payments segment was the hottest FinTech segment in 2016 – financial technology companies around the world raised a total of ~$36 billion in financing across over 1500 funding deals from over 1700 unique investors (not taking into account M&A deals). Representing less than a quarter (22%) of the funded pool, the Payments/Loyalty/E-Commerce segment secured almost 40% (over $13.5 billion) of total funds raised, while, with 29% of representation, Banking/Lending companies are responsible for just 26% ($9.3 billion) of raised funds. (more…)
By Mohan Krishnan for Finextra
There is no dearth of material to tell us what is blockchain, how it is going to transform our lives in the years to come, where it could be applied, etc and the list is endless. That it is the next big thing after all, since the invention of steam engine, the electricity and the internet itself! World Economic Forum predicts that by 2025, 10% of global GDP will be on blockchain technology.
By Ketharaman Swaminathan for Finextra
With over 100 million users a year ago, PayTM was already ahead of its digital payment competitors before the Nov. 2016 demonetization of high value currency notes in India. (more…)
By CB insights
Thematic areas that attracted strategic investment in 2016 included cybersecurity, property management software, IoT, and digital insurance distribution. (more…)
A movement by countries around the globe to embrace a cashless future is resulting in plastic payments (think credit and debit cards) to erode cash’s market share. (more…)
By Amy Bell For Investopedia
While skeptics claim the fintech bubble will soon burst, many experts believe this innovative sector will keep on booming. Fintech, short for financial technology, became a major buzzword in 2015. That’s when a herd of fintech startups emerged and pronounced they would disrupt the financial industry – from established banks to payment firms. In 2015 financing for fintech startups surpassed $20 billion, a 66% increase over 2014. (more…)
European banks stand to lose half their profits from digital disruption trends shaking the banking industry, according to a report from McKinsey. (more…)