Bitcoin Trading: Where to Start?
Bitcoin divides opinion. Some think it’s the most revolutionary development in global finance ever, whilst others are all too eager to demonize it as “fraud” or Ponzi Scheme. Whatever your opinion of the world’s first truly decentralized money, one thing is certain: the price is incredibly volatile. It’s not uncommon for Bitcoin to see 20% moves in just 24 hours. In fact, the largest swing ever in the price of Bitcoin was in 2013. It dropped from $233 to $67 in a single night. For investors, a crash of 71% such as the one experienced that April will have been heart-wrenching to endure. However, not all would have lost money […]
Cashwerkz term deposit datafeeds now available through XPlan (IRESS).
Cashwerkz now provides a direct feed into XPlan, which enables advisers who hold their clients’ term deposits with Cashwerkz to map this portfolio information into their clients’ XPlan record. The datafeed from Cashwerkz will provide advisers with the ability to comprehensively measure asset allocation, cash exposure and liquidity levels from a total portfolio perspective. This provides a great opportunity for advisers to actively manage their client’s term deposits, enabling them to offer clients greater choice and potentially better outcomes for cash investments. “This is an exciting development for Cashwerkz to further service prospective and current loyal advisers who rely on Cashwerkz for their client’s cash investments” said Hector Ortiz, CEO […]
What caused the Cryptocurrency Boom of 2017?
Bitcoin, which is a digital currency (cryptocurrency), saw a 2000% increase in value from January 1, 2017, to December 16, 2017. Today, cryptocurrencies are the world’s fastest-growing asset class with a market cap of $645 billion, up from just $15 billion in 2017. The lightning rise of Bitcoin led to an accusation by JPMorgan CEO Jamie Dimon, who called it a “fraud worse than tulip bulbs,” referring to the Dutch tulip bulb bubble that burst in 1637. Other critics like investor Warren Buffet labeled Bitcoin a “mirage,” and cautioned people to “stay away from it.” These are both serious accusations. So why are some people so critical of cryptocurrencies? Up […]
How to safely buy and sell cryptocurrency
Cryptocurrency exchanges and theft have been regular news since Bitcoin went big, but that hasn’t deterred investors: The number of digital cryptocurrency wallets in existence by the end of 2017 was 21.5 million. That’s a huge increase from 2015, when only 5.4 million wallets were around. Along with the new popularity of cryptocurrency has come a new breed of cryptocurrency criminals. In 2016 $95 million worth of Bitcoin was stolen, and in 2017 the amount stolen exploded: $115 million was lost to phishing, $103 million to exploitation of software and storage, $7.4 million to hacks, and $4,000 to Ponzi schemes. That’s a lot of lost cryptocurrency—so how are criminals doing […]
These are the 12 cryptocurrencies fintech experts say will soar by the end of 2018
A group of fintech leaders say bitcoin will hit $38,000 by the end of 2018, but its 194% growth will be miniscule compared to rising cryptocurrency stars. Comparison site finder.com.au has just released the results of its March Cryptocurrency Predictions Survey, forecasting how the top 10 by market cap and top two trending cryptocurrencies will perform in 2018. Comparing the forecast market capitalisations, nine experts say the big three – bitcoin, bitcoin cash and ethereum – will experience modest growth by crypto standards: Bitcoin – +194% Bitcoin cash – +123% Ethereum – +212% But of the 12 coins reviewed, by far the biggest forecast came for Dogecoin, the digital currency […]
Scale Investors and VentureCrowd introduce new female board members
Female-focused angel investor network, Scale Investors today announced a strategic partnership with alternative assets crowdfunding platform VentureCrowd, as well as the appointment of three new members to the Scale Investors board – Catherine Robson, Judith Smith and Lynda Coker who have joined the board, effective from 1 March. The Scale Investors and VentureCrowd collaboration has two main components. VentureCrowd will ease syndication of an investment for Scale Investors by handling the administration, such as collecting investment funds, setting up a unit trust and all required documentation. It also includes facilitating on long-term relationships between startups and a syndicate by managing investor updates and communications. Secondly, companies that Scale Investors invest […]
Private wealth platform appoints ASX-listed corporate adviser
A blockchain-based private wealth platform that created China’s first robo-advice solution appointed an ASX-listed corporate advisory firm for its initial coin offering (ICO). Bankorus, which now advises more than 200,000 high-net-worth investors representing an aggregate US$30 billion in assets, will partner with DigitalX (ASX:DCC) to launch its ICO. DigitalX is based in Perth and New York and provides blockchain consulting, software solutions and ICO support. Bankorus allows HNW investors with multiple ways to access cryptocurrency using traditional assets. Investors can, for example, “tokenise” illiquid assets such as real estate holdings, and borrow cryptocurrencies against the value of any existing traditional asset. DigitalX noted that the global cryptocurrency market represents about […]
Macrovue launches its 5G technology investment portfolio
Leading fintech Macrovue announces the launch of its new investment portfolio built around the next phase of the wireless revolution – 5G technology. The 5G technology portfolio – known as a Vue, presents significant investment opportunities as it represents a technological paradigm shift, akin to the move from typewriter to the computer. 5G is more complex than any connectivity technology that came before it – delivering scalability and capability to allow the efficient operation of autonomous cars, smart-cities, huge advances in healthcare, and more sophisticated industrial automation. 5G will enable the connectivity of 25 billion Internet of Thing devices and more than 300,000 level three and four autonomous vehicles which are estimated to be […]
