fintech
A foray into fintech; a breakdown of the latest and greatest innovations in financial technology.
On Elon Musk's Live Weekend, Dogecoin topped the Liquidation Charts.
Many who predicted an eventful weekend for dogecoin (DOGE) were proven right as the token hit an all-time peak before plummeting spectacularly – with major sell-offs following Tesla and SpaceX CEO Elon Musk (jokingly or not) referring to the token as a "hustle."
By Razvan Pintilie5 years ago in Trader
What happened to the cryptocurrencies discussed by John Oliver in 2018?
On March 11th 2018, Last Week Tonight with John Oliver did an episode about cryptocurrencies. As the episode explains, these are digital, decentralized currencies, open source, not controlled by any business or government. The episode touts the cryptocurrencies decentralized nature & blockchain technology, which was supposed to make them hard to hack, but that’s proven untrue. In 2020 a massive data breach saw the personal information of over 270,000 bitcoin and cryptocurrency users published online. While bitcoin's decentralized nature means there isn't a company or organization that can be targeted directly, centralized cryptocurrency exchanges, wallet providers, and other digital platforms will always be bitcoin's greatest weakness. And it’s not just data that’s been stolen-- over $700 million worth of crypto had been pilfered as of 2019.
By Buck Hardcastle5 years ago in Trader
What's going on with fintech startup exits?
All the SPAC activity around fintechs is kind of normal. If you have not followed this new craze, here is a good recap from CB Insights. The huge amount of money going into fintechs needed an exit of some sort. When VCs give you some cash to build a business, they expect a return. As big as it can be. All of these investments into fintech over the past 10 years were meant to eventually return something. These exits can be an IPO or being acquired by another company. Like all this chatter about Lloyds Banking Group buying the neobank Starling Bank. Sometimes it’s good for the investors but bad for the startup. Like the Simple fiasco with BBVA. A few big fintech public listings are rumoured for this year. And there has been obviously the Ant Group IPO that could have happened. So what’s going on with fintech startup exits?
By Fintech Review5 years ago in Trader
ESG and Fintech: A Perfect Match Made in Heaven?
It’s not just Greta. Environmental, Social and Governance (ESG) criteria are increasingly important in the business world. ESG is therefore more and more important in fintech. If you want to be cynical, that’s because it is more and more important for these businesses’ customers. So you need to adapt to continue to sell your stuff. If you feel more positive, it’s because business executives genuinely believe that sustainability is important. Even bank ones. Regardless, it is now evident that people want a clear change when it comes to how companies behave and how money is being invested. It is even more pronounced with the younger generation. They are quite concerned about the world that they are inheriting from their forefathers. Rightly so. ESG and fintech: a perfect match made in heaven?
By Fintech Review5 years ago in Trader
Big Tech in Financial Services
Beware, Big Tech is here to eat your lunch. That is today’s equivalent of the great communist threat during the Cold War. What’s behind “Big Tech” then? Usually, we mean FAMGA: Facebook, Apple, Microsoft, Google and Amazon. Some people instead look at FAANG: Facebook, Apple, Amazon, Netflix and Google. Or even GAFA, excluding the much smaller of the group, Netflix. But FAMGA makes more sense because it represents the five largest stocks in the Nasdaq-100 with c.40% of the index of the 100 largest Nasdaq companies. Hence, the Big in Big Tech. They are steadily more active in fintech through patent approvals, partnerships, and investment activity. Banks should be worried. And so should be fintechs. Their eastern cousins, the BAT (Baidu, Alibaba, Tencent) have been active in financial services for years and are considered pioneers in most aspect. Let’s see… Big Tech in Financial Services: so what?
By Fintech Review5 years ago in Trader
Amazon Could Become the Next Big Bank
After taking on industries like publishing and groceries, e-commerce giant Amazon has turned its sights on the financial industry. As Steve Cocheo, executive editor of the Financial Brand, wrote in 2018, Amazon is quickly becoming a formidable financial institution: “Nothing can stop Amazon. Not even banking regulators or geographic borders can slow them down. With patents, patience, a willingness to fail, a huge and devoted customer base, a universe of data, and gobs of money, Amazon represents a real threat to the traditional banking industry.”
By Aaron Schnoor5 years ago in Trader
My First Week As A Crypto Bro
Last week a little forum on Reddit known as //wallstreetbets screwed a hedge fund and countless others out of billions by banding together and inflating the price of Gamestop (GME). But you already know about that. It however also brought alternative coins (also called tokens) into the mainstream. Most notably Doge, a meme coin based on a Japanese Shiba Inu named Kabosu. The stock started rising a week and a half ago and had a huge pump (price jump) when Elon Musk, Tesla owner, Grimes’ baby daddy and twitter king started tweeting about it at 3am PST, causing a fun day of ups and downs for all holding it, myself included.
By Crypto Bro5 years ago in Trader
Hedge Funds, Reddit, and GameStop: is Fintech democratizing Finance?. Top Story - February 2021.
Quite a fascinating story that unfolded over the past weeks. A finance drama from films like The Big Short. David vs Goliath in the trading world with a “Rich against poor” vibe. An amazing saga to start 2021. Here is a quick recap if you have not followed. Which is particularly hard since everybody is talking about it. Also, why it actually matters for fintech. In a nutshell, a group on the social media platform Reddit is taking on hedge funds. It is called WallStreetBets, and it is not a couple of guys in their moms' basement. More like 6 million retail investors.
By Fintech Review5 years ago in Trader
Why banks cannot buy their way into innovation
Recent news that BBVA is shutting down neobank Simple, that it had acquired for $117 million a few years ago, is telling us one thing: banks cannot buy their way into innovation. It is a pity because at the time of the acquisition in 2014, Simple was a neobank at the forefront of the US fintech industry. As we have said before, partnerships between banks and fintechs can be a good idea. But that’s not the same thing as an acquisition though. The execution is slightly more complicated with the latter.
By Fintech Review5 years ago in Trader
A Beginner’s Guide to Day Trading Cryptocurrency
What is Day Trading? Day trading concludes on the same day. Profit or loss – no matter what’s in the store, but the report card comes on the same trading day. It’s similar to a 20-20 cricket match where you don’t have much time to think and plan. In fact, it demands prior planning and strategy making.
By Rahul Kohali5 years ago in Trader
What is Futures Trading in Crypto and How Does It Work?
The worth of the cryptocurrency market was USD 237.03 billion in 2019 which is up in value from 128.78 billion in 2018. The recent Bitcoin and ETH bull run pushed the market to an ATH of 1 trillion dollars at the time of writing as per Statista. Having said that, most people have taken the market fire as a FoMo moment. But lately, a new world is going abuzz, Futures trading at exchanges.
By vipin sahu5 years ago in Trader
