Be careful of bitcoin bubble, caution financial investment & financial consultants– RT Business News

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Beware of bitcoin bubble, warn investment & & monetary advisors Bitcoin’s sevenfold rally is one of the indications of a bubble, according to financial investment strategists. It started the year at $973 and soared north of $7,400 since Saturday, up over 750 percent in 10 months. Financial advisors caution bitcoin is another bubble much like the tech boom of the late 1990s, the real estate crash of 2006-2007 and the products bust of 2008-2009. “A month before the 1987 crash, my taxi motorist said he began day trading,” Scott Kelly, CEO of Black Dog Endeavor Partners in Phoenix, Arizona informed Forbes. “A month before the property crash in 2007 in Arizona, my taxi driver stated he was entering turning real estate. Last week, my Uber driver stated he simply began trading Bitcoin.” — RT (@RT_com) November 3, 2017 Given that making its debut in 2008, bitcoin has gone from no worth to a fraction of a penny by March 2010. Now, one coin deserves over $7,400, and its market capitalization is higher than McDonald’s. For an early investor, $1 in bitcoin seven years ago deserves millions today.Since going mainstream, the crowd is piling in. New companies are appearing everywhere selling …

Bitcoin Cash is now Part of the Atomic Swaps Market

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It has been a rather eventful week for Bitcoin Cash in many ways. The altcoin saw a massive pump artificially inflate its price. Behind the scenes, developers completed the first atomic swap involving this currency. An interesting turn of events, as it seems Bitcoin Cash beats Bitcoin to the punch in this regard. It will be quite interesting to see how this affects the BCH price moving forward. Atomic swaps are an important development in the world of decentralized cryptocurrencies. They bring us one step closer to no longer needing centralized trading platforms. It is a security and convenience booster beyond what most people would expect. Ensuring atomic swaps work on every blockchain is something else entirely, though. The Bitcoin Cash currency has been one of the assets exchanged using this technology recently A big development, especially since they may beat Bitcoin to the punch. Bitcoin Cash is Eligible for Atomic Swaps Evidence of this BCH atomic swap can be found on GitHub. The exchange occurred between Bitcoin Cash and Decred, an altcoin with a lot of promise. Said trade was executed on the main blockchains, rather than using a testnet. This means a proper implementation of this technology may …

Fintech earnings up 200 percent, space for enhancement

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Australia’s fintech market mean revenue is up 200 percent from in 2015, with firms now considering markets in Europe, Asia and the U.S.A for possible growth, the 2017 EY Fintech Australia Census has found.According to the second yearly Ernst and Young (EY)/ Fintech Australia collectively launched census, the fintech industry in Australia has developed substantially since 2016, with 14 per cent more fintechs now at post revenue, and an overall of 54 per cent of regional fintechs wanting to broaden overseas.The census also stated more work had to be done for the market to reach full prospective nevertheless, with companies less than three years old mostly the constant financial performers.”There is a huge quantity of work we have to continue to carry out to eliminate a few of the barriers to our market’s development,”Fintech Australia chair, Simon Cant stated.” That the market has actually experienced a tripling in mean earnings is a strong indication that fintech firms are obtaining customers and making strong inroads into the traditional financial services sector.” Cant stated diversity of Australia’s talent swimming pool would contribute considerably to improvements for the market economically, and restated that fintechs would also have to continue to make strong inroads …

Bitcoin Restores Over 60% Crypto Market Supremacy For Very First Time in 7 Months

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Since this writing, bitcoin has a market supremacy of 62.7%– representing more than 60% of the whole cryptocurrency markets for the very first time given that April 2017. Bitcoin Continues to Reclaim Market Supremacy Bitcoin’s current overall market capitalization is more than $126.5 billion USD– currently making up approximately Coinmarketcap, the staying 1251 cryptocurrency markets integrated represent 9.26% of the overall crypto market cap.At completion of October, bitcoin’s market cap broke above $100 billion USD for the very first time ever.Do you think thatbitcoin will continue to restore its market supremacy over altcoins? Share your predictions in the remarks section below!Images thanks to Shutterstock, Coinmarketcap Get our news feed on your website. Examine our widget services.Bitcoin Gains back Over 60%Crypto Market Dominance For Very First Time in 7 Months

Rising from down under, Australia’s fintech market grows” Banking Innovation

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Increasing from down under, Australia’s fintech industry grows There’s some glorious thunder down under, with a census exposing that the Australian fintech community has seen massive growth over the past year.According to the yearly EY FinTech Australia census– based on study results from 166 fintech companies– it discovered that the country’s ecosystem has actually grown over the previous 12 months, seeing rapid growth with companies revelling in a 208% (or 3.1 times) yearly mean profits jump.From the census , information likewise revealed about a quarter (24%) of fintechs are reporting their earnings development increased by more than 700%, with the increase in pattern predominant amongst business less than three years of ages. Calum Parry Follow Calum at @CalumBankTech Sign up to our Daily News Digest Get FREE Banking Technology news informs straight to your inbox Sign me up Functions Case study: Piraeus Bank– e-branches Stefanos Mytilineos, deputy general supervisor, digital organisation retail banking, branch network & deposits, Piraeus Bank Group, shares the bank &’s experience of bringing complete digital banking experience to brick-and-mortar branches.Tags;, case research study,, Greece, Piraeus Bank, video conferencing, Banking Tech, Digital Banking, Functions, Financial Providers, FinTech, Innovation Case study: Hellenic Bank– developing a bank through strategic …

South Korea vs U.S.A– Film Stars Show How to Endure on Bitcoin for a Week

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< img width=696 height=696 src=https://thebitcoinnews.com/wp-content/uploads/2017/11/south-korea-vs-usa-movie-stars-show-how-to-survive-on-bitcoin-for-a-week-1.png alt ="South Korea vs U.S.A- Motion Picture Stars Demonstrate How to Make It Through on Bitcoin for a Week"> A South Korean broadcast television channel has actually produced and broadcasted a reality TELEVISION show where 2 motion picture stars contended to reside on bitcoin for a week. Embed In South Korea and San Francisco, the actors were challenged to find merchantswho accept bitcoin directly.Also read: Bank of Korea Criticized, Does Not Acknowledge Bitcoin as Currency Bitcoin-Centric TV Program The South Korean mainstream broadcast TELEVISION station, Asia Economic TELEVISION, has produced and relayed a truth show that challenged 2 motion picture stars to live entirely on bitcoin for a week each. The name of this survival challenge program is loosely equated as “Stay alive for a week with bitcoin.” It took location in 2 countries with very different levels of bitcoin adoption.Actor Kim Bo-sung spent a week living on bitcoin in South Korea, while painter and actress Yun Song-ah did the very same in San Francisco, United States. Their Wikipedia pages show that Kim has actually remained in 34 motion pictures and 13 TV series, while Yun has been in 8 films and 10 TELEVISION dramas. …