Cryptocurrency market cap reaches $77bn, surpasses Uber and Airbnb
The cryptocurrency sector has seen massive gains in the past few weeks. Almost every single altcoin has increased in value in one way or another this month. According to coinmarketcap, the overall market cap surpassed $77 billion. To put that in perspective, crypto is valued more than some of the world’s most successful startups such as Uber and Airbnb. It seems that cryptocurrency is becoming the next hot topic among investors and technology enthusiasts alike. With the price premium rising as high as 5-10% in Asian countries, it is evident the demand is there. While it was just Bitcoin that was exhibiting an amazing price rally, soon after the alts […]
Three regional fintech winners unveiled at Citi Tech for Integrity Challenge in Dublin
Citi has unveiled three winners from its regional Tech for Integrity Challenge (T4I) Demo Day held in Dublin last week, garlanding Aid:Tech, Paycode and Pole Star with the T4I Award for innovation. The global program aims to promote accountability and transparency in the public sector and beyond by supporting the effective use of financial technology (fintech) solutions and monitoring technology. It is run by Citi’s internal fintech team, treasury and trade unit, and Citi Ventures, its technology accelerator, investment and collaboration arm. Facebook, IBM, MasterCard, Microsoft and PwC are some of the other partners involved in judging the competition. The idea is to support small start-up companies’ applications on beneficiary […]
Skandiabanken allows Norwegians to handle Bitcoin through Internet Banking
Norwegian Skandiabanken now enables customers to handle cryptocurrencies over its internet banking application.Increasing demand for Bitcoin and other altcoins can no longer be ignored. The cryptocurrencies have already made inroads to the conventional financial system, both directly as well as indirectly. As banking institutions continue to adopt blockchain technology, a Norwegian online bank — Skandiabanken has gone a step further to recognize Bitcoin and other leading cryptocurrencies as an investment class. In order to facilitate the use of cryptocurrency among its customers, Skandiabanken has recently announced a new feature that enables users to buy and store Bitcoin, Litecoin, and Ether on its online banking platform. The bank is offering the […]
Remitano announces a new worldwide remittance service based on Bitcoin
Remitano, a Vietnamese platform that helps people trade bitcoin quickly and securely, has expanded its services to include a new offering to help users make international remittance. Using its current Escrow platform, Remitano users will be able to transfer funds quickly and securely across Vietnam, Malaysia, China, Australia, Nigeria, Tanzania, Kenya and India. Remitano helps to protect bitcoin trades by providing a marketplace where people can buy and sell Bitcoin securely and quickly, with the best prices. Where bitcoin trades normally function in a step by step fashion, Remitano’s new offering makes the transaction of money across international boundaries quick and easy. “Let’s say you want to send […]
Bitbond secures £4.2m to fund SME loans
Global bitcoin peer-to-peer lending platform Bitbond has received a €5m (£4.2m) commitment from Obotritia Capital to fund small- and medium-sized enterprise (SME) loans. The Potsdam-based investment firm, which usually channels its funds into German commercial real estate, has also bought an equity stake in Bitbond, although the terms of that deal were not disclosed. With the new debt facility, SME loans will be funded instantly on Bitbond’s platform, reducing the time it takes business owners to apply and receive a loan to 30 minutes. The equity investment will be used for further product development and marketing, to grow Bitbond’s user base. “The debt commitment by Obotritia brings Bitbond to the […]
Bitcoin payments cheaper & safer than credit cards: Cointed
Cointed is a rather young, but fast-growing Bitcoin exchange located in Kufstein, Austria. The company was founded in November 2015 by Christopher Rieder and Wolfgang Thaler and during the first year attracted more than 4,000 permanent customers. Cointed currently makes it possible to buy and sell a number of cryptocurrencies, including Bitcoin, Ether, Monero, and Zcash and convert them to USD, EUR, and GBP. Expanding to Turkey Cointed is operating more than 17 Bitcoin ATM’s around Austria, France and Italy. BATMTwo and BATMThree machines are supplied by General Bytes, one of the leading Bitcoin and Blockchain technology providers. This year Cointed is planning to expand to Turkey. With the suspension […]
Total Market Cap of Digital Currencies nears $30 Billion
Digital currencies reached a new high today, surpassing $28 billion, a more than doubling from their previous all-time high of around $12 billion back in 2013. Indicating an increasing interest in digital currencies and the wider blockchain space. The main driver is, of course, bitcoin, which is nearing $20 billion once more after rising for much of the week from around $1,000 to approximately $1,200. The currency, however, has lost market share, falling below 70%, as other coins gain attention. At first it was monero after being added to some drug markets, then dash suddenly and puzzlingly incredibly shoot up above $100, but now has nearly halved, standing around $60 […]
Alphavend installs second bitcoin ATM in London
Bitcoin ATM specialist, AlphaVend is pleased to announce the installation of its second London ATM, (the third nationally) strategically situated between Euston and Kings Cross underground stations. The UK’s largest independent high street provider of foreign exchange services will play host to the ATM which is located at the No1 Currency store, 128 Euston Road. Customers can buy the digital currency from the ATM, as well as all availing of the 50+ foreign currencies offered over the counter by No1 Currency. The location of the Euston Road store, which is open 7 days a week, provides a unique business opportunity with annual footfall estimated to be in excess of 6million […]
