Blockchain Startup Circle Raises $60 Million Amid China Expansion
#Blockchain-based social payments app #Circle has raised $ 60m in new funding as it expands to #China.
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Bank of America Quietly Surpasses 20 Million Mobile Users
Charlotte, N.C.-based #Bank of #America has passed the 20 #million mark in active #mobile #users. No announcement was made, but a spokeswoman for the bank disclosed to Bank Innovation yesterday that the milestone has been crossed. The bank reported 19.6 million mobile users last April in its 1Q earnings report, and quarter-over-quarterRead More
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Bank of America Quietly Surpasses 20 Million Mobile Users
Charlotte, N.C.-based #Bank of #America has passed the 20 #million mark in active #mobile #users. No announcement was made, but a spokeswoman for the bank disclosed to Bank Innovation yesterday that the milestone has been crossed. The bank reported 19.6 million mobile users last April in its 1Q earnings report, and quarter-over-quarterRead More
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ASX Buys Bigger Stake in Blockchain Startup DAH
The Australian Stock Exchange is boosting its #stake in New York #blockchain #startup Digital Asset Holdings.
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Lancierung der SICTIC Fintech Angels: Smart money für junge Schweizer Fintech Firmen
Die Verschmelzung neuer Technologien mit dem Finanzsektor (#Fintech) hat zu einem unglaublichen Enthusiasmus in unserem Land und im Ausland geführt. Die traditionellen Stärken der Schweiz im Finanzsektor, in der Entwicklung neuer Technologien und bei Innovationen machen das Land zu einem Standort erster Wahl #für ambitionierte Startups aus dem Fintech Bereich. Dennoch ist es nach wie vor schwierig für Fintech-Unternehmer in der Schweiz, Risikokapitalgeber zu finden, insbesondere in der Anfangsphase.
Aus diesem Grund lanciert der Swiss ICT Investor Club (#SICTIC) eine Business Angel Gruppe, die sich dediziert auf Fintech-Startups fokussiert, die SICTIC Fintech #Angels (SFA). Um diese Entwicklung zu unterstützen, nimmt SICTIC ausgewiesene Fintech Experten in seinen Vorstand und Beirat auf und arbeitet eng mit anderen Vereinigungen zusammen, um dem Wachstum des Fintech-Ökosystems in der Schweiz einen Schub zu verleihen. Diese Initiative wird von der Kommission für Technologie und Innovation der Schweizerischen Eidgenossenschaft (KTI) unterstützt.
In diesem Zusammenhang ist es wert, auf eine Reihe weiterer Ziele einzugehen: Primär will SICTIC die spannende Welt der Investitionen durch Business Angels einem breiteren und diverseren Publikum zugänglich machen. Zu diesem Zweck wendet sich SICTIC an berufstätige Frauen und Organisationen, die diese repräsentieren. Daneben baut SICTIC eine Bibliothek an informativen, edukativen Inhalten über das Investieren von Business Angels auf, so dass Neulinge in diesem Gebiet die Fehler vermeiden können, die auf einen Mangel an Erfahrung zurückzuführen sind.
Kernaktivitäten der SICTIC Fintech Angels sind “SICTIC Fintech Investor Days&8220;, an denen #Schweizer Fintech Startups, die durch eine Jury ausgewählt wurden, vor aktiven Business Angels ihre #Firmen vorstellen können. Diese Veranstaltungen bauen auf dem Erfolg der mehr als 25 bisherigen SICTIC Investoren Tage, an denen seit 2010 mehr als 200 Startups präsentiert haben. Eine Internet basierte Plattform mit mehr Informationen unterstützt diesen Prozess. Startups können sich unter http://www.sictic.ch/pitch bewerben, wobei Investoren aus der Schweiz und dem Ausland, die sich für den hochwertigen Deal Flow an herausragenden Schweizer Fintech Startups interessieren, Mitglieder unter http://www.sictic.ch/investors werden können.
Jedes Jahr werden SICTIC Fintech Angels und seine Partner Swiss Finance Startups (SFS), SIX FinTech Incubator F10, Swiss Startup Invest, Swiss Fintech Innovations und der in London angesiedelte FINTECH Circle einen grösseren, für alle Investoren offenen Fintech-Anlass organisieren in Zusammenarbeit mit anderen Fintech Vereinigungen, Business Angel Netzwerken, Inkubatoren und Akzeleratoren. Der erste Swiss Fintech Investor Day 2016 wird am 14. November 2016 von 13:00 – 18:30 in Zürich stattfinden.
Über SICTIC
Der Swiss ICT Investor Club (SICTIC) ist ein nicht gewinn-orientierter Verein nach Schweizer Recht, welcher &8220;#smart #money” Investoren zusammenbringt, um Schweizer ICT (Information, Communication, #Technology) Startups in ihrer frühen Wachstumsphase zu finanzieren. Der Verein steht allen offen, die an &8220;Angel Investing&8221; interessiert sind und nimmt keinerlei Kommissionen oder Firmenanteile für Transaktionen, die er zugänglich macht.
The post Lancierung der SICTIC Fintech Angels: Smart money für junge Schweizer Fintech Firmen appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
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PeerStreet lowers barriers for accredited investors who want access to real estate debt
Vive la révolution financière! #PeerStreet co-founders, Brew Johnson, Brett Crosby, and Alex Perelman, have been working alongside famed #investors like Dr. Michael Burry to provide investors #access to #real #estate #debt. Dr. Burry is famous for having been portrayed by Christian Bale in The Big Short. Historically, the only way to get exposure to real estate debt was to either make the… Read More -
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Hyperledger Project Adds 7 New Members
The Linux Foundation-led #Hyperledger #project has added seven new #members to its open-source “business #blockchain” effort. New members announced today include blockchain #technology firms BitSE, MonetaGo and Norbloc, along with Moscow Exchange, Russia’s largest exchange group. The announcement finds Hyperledger opening up to new international technology members, with China-based Belink Technologies and Onchain joining the effort […]
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What Ethereum’s DAO Disaster Means for Bitcoin Development
As The DAO struggles to find its path forward after multiple attacks, entrepreneurs must find a way forward. Is #bitcoin‘s #blockchain ready for them?
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Gradifi and Radius Offer Cash-Back Toward Student Loans
As part of a broader digital-first strategy, #Radius Bank partnered with #Gradifi, a Boston-based startup, to launch a new MasterCard debit card that will help members reduce #student #loans. The new debit card will be available in the fall, the company said this morning. Here’s how it works: costumers willRead More
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Infographic: The Bitcoin Halving Explained
#Bitcoin was designed as an alternative to fiat currency, boasting a number of unique characteristics such as its finite supply.
At the time of writing, the price of Bitcoin stands at a 2 year high and though there are a number of theories as to why demand is increasing, the timing is in line with the upcoming #halving, where we will witness Bitcoin’s deflationary nature in action, regulating the amount that will be produced.
To fully understand how the halving, or as it has been dubbed “The halvening” works, you first have to understand how new bitcoin are created. Whereas more conventional, fiat currencies are issued by a governing body, Bitcoin is decentralized with no issuer. Instead, transactions and balances are recorded on a public ledger known as the #blockchain.
Maintaining a ledger which adds in excess of 100,000 transactions a day without a central authority is no small feat and is a task undertaken by “miners”, these people add enormous amounts of computing power to the network to solve complex math problems which verify that transactions bundled together into blocks are valid. In exchange for securing the network, miners are rewarded with newly created bitcoin as well as the small fees included with each transaction.
To control the supply, the amount of bitcoin that miners is regulated every 210,000 blocks which is approximately every 4 years. When Bitcoin was launched, the reward fee for mining a block was 50 bitcoins, this halved on November 28th, 2012 after block 210,000 was mined and sometime next month when the 420,000th block is mined it will again half, with blocks mined resulting in a reward of 12.5. This will continue until all 21 million bitcoin have been mined and at this point, the incentive for mining will be based purely on transaction fees alone.
Ultimately, this means that new bitcoin will become scarcer with production more expensive. The basics of supply and demand indicate that if demand for bitcoin were to stay the same, the price should in theory increase, however some economists do not agree and criticize deflationary currency suggesting that saving, rather than spending does not add value to an economy.
> Download the full #infographic here
The post Infographic: The Bitcoin Halving Explained appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
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