January 24, 2017

Digitization Threatens Global Banks with Low Profits

European banks are at risk of losing a significant portion of their profits with digital disruption cutting their profits in half by 2020, according to a report from McKinsey. The report, A Brave New World for Global Banking, states that major developed markets in Europe […]
January 20, 2017

Will Trump’s Inauguration Cause a Bitcoin Price Rise?

The world is on standby, awaiting an historic 20th of January when the 45th President of the United States of America, Donald J. Trump, is sworn in and gives an acceptance speech in front of hundreds of thousands, if not more than a million, that […]
January 19, 2017

Automaker Daimler Acquires Bitcoin Services Firm to Develop “Mercedes Pay”

German auto giant Daimler AG, the company that owns several brands including Mercedes-Benz, has acquired Fintech firm PayCash Europe SA, a Luxembourg-based digital payments platform that includes a number of payment options including bitcoin. The acquisition is a strategic move by the corporation to venture […]
January 19, 2017

German TV Calls Bitcoin ‘Digital Gold’

Well known publicly owned German TV channel, Das Erste, recently aired a full feature report on the digital currency bitcoin, referring to it as ‘digital gold.’ In the broadcast television show, Das Erste produces a detailed report on bitcoin and how people within Germany are […]
January 18, 2017

Bitcoin Price Bounces Again, Nearly Scales $900

The price of bitcoin surged today, rising more than 9% and exceeding $900 for the first time in nearly a week. Average prices across exchanges breached this level at 17:45 UTC, rallying to as much as $906.38 by 20:00 UTC, the highest total observed since […]
January 18, 2017

Swiss Bank & German Energy Company Partner to Deliver Blockchain Wallets for Cars

Swiss banking giant UBS bank has partnered with German energy company Innogy and automobile manufacturing company ZF to provide a blockchain-backed Car eWallet that enables charging of electric cars. Due to be showcased at CES in Las Vegas, the Car eWallet can also be used […]
January 17, 2017

7 Major European Banks Form Blockchain Platform ‘Digital Trade Chain’

A group of seven large European banks has signed a memorandum of understanding (MoU) to develop a blockchain-powered cross-border trade finance platform for small and medium-sized companies in Europe. The participating banks are UK-based banking giant HSBC, Dutch institution Rabobank, French financial institutions Société Générale […]
January 17, 2017

Australian FinTech Will Exceed AUD $4 Billion by 2020

A new report has found that FinTech revenue in Australia is predicted to grow at a compound annual growth rate (CAGR) of 76.3 percent and exceed A$4 billion by 2020. The research, Australian Fintech, Forecast for 2020, found that this increase was down to a […]
January 5, 2017

$1.44 Billion Chinese Fintech “Fund of Funds” to Focus on Blockchain

Ramping up its efforts to become a dominant Fintech hub in Asia, a 10 billion yuan (approx. $1.44 billion) fund was launched in Beijing, China, focusing mergers and acquisitions in the sector while seeking to nurture enterprises and startups in the industry. Titled ‘Asia Fintech […]
January 5, 2017

UAE Healthcare Provider to Store Patient Records on a Blockchain

The storage of Electronic Health Records (EHR) in the United Arab Emirates could soon be revolutionized after the development and implementation of storing patient records on a blockchain. A partnership between UAE Telecom Du, a telecom and broadband provider and NMC Healthcare, a major private […]