Financial Technology

While multi-billion dollar disasters like FTX would lead a reasonable person to believe that the cryptocurrency industry is dead or dying, the unfortunate truth is that it’s doing just fine. Not only has Bitcoin’s market price been on a familiar rollercoaster ride lately, but droves of crypto believers have, in recent weeks, proven themselves willing invest in some of the most ridiculous projects ever.Why Do People Buy into Crypto? | Gizmodo InterviewCase in point: the Slerf token. Slerf is a sloth-themed memecoin that…

Bitcoin hit an all-time high of $69,170 Tuesday morning, according to CoinMarketCap, breaching the previous all-time high of $68,990 in November 2021. The price then slipped back under $68,000 soon after reaching its peak. The Biggest Crypto Heists of 2022…So FarEthereum, which currently sits at $3,815, has also been steadily climbing, though it still has a ways to go before reaching $4,721, the all-time high from November 2021.Bitcoin and every other cryptocurrency rather famously nosedived in 2022, a year that opened…

Bitcoin’s price surged past $63,000 and then receded just a bit under on Wednesday, reaching a level the crypto coin hasn’t seen since November 2021. While it still has a little way to climb to reach an all-time high of $68,000, that level feels comfortably within reach. And if you’re feeling uneasy about the rally, given what happened two years ago, you’re not alone.The Biggest Crypto Heists of 2022…So FarWhat’s causing Bitcoin’s dramatic climb? The consensus seems to be it’s all FOMO, or the fear of missing out.“We’ve…

It’s safe to say crypto is experiencing renewed interest since the crash of 2022. Bitcoin just hit its highest price since 2021, the SEC’s approval of spot Bitcoin ETFs has investors very excited, and the market cap for all crypto just breached $2 trillion. But everyone who’s ready to FOMO their way into crypto should ask themselves: Should we really be doing this again?He Tossed His Bitcoin, Now He Wants It BackThe last time the crypto market was this hot was late 2021, and things were looking very rosy in the world of…

Cryptocurrency cleaned up its act this week as spot Bitcoin ETFs made their Wall Street debut in January. The digital tokens are looking almost unrecognizable from what the industry represented just a few years ago, leading to the question, is Bitcoin still crypto?Why Should Crypto Currencies be Called Securities? | Gizmodo InterviewThe “decentralized” part of cryptocurrency is up for interpretation these days. Ever since the Security and Exchange Commission’s approval of spot Bitcoin ETFs on Jan. 1o, cryptocurrency looks…

The Indian peer-to-peer lending market is projected to grow to $10 billion by 2025 but that milestone is expected to be reached much sooner, says Dipesh Karki, cofounder and CTO of P2P lending platform LenDenClub. "P2P lending companies will offer a distinctive fusion of cutting-edge technologies and speedy financial solutions to strengthen the alternate investment path for investors in India as well as fulfil the unmet credit needs of Indians," Karki told PTI. Put simply, P2P lending, or social-lending, leverages…

The Securities and Exchange Commission has charged Shanchun Huang with allegedly inflating Future FinTech Group’s share price just before he took over as the company’s chief executive.The SEC alleged in a complaint Thursday that Huang used manipulative trading techniques in early 2020 to push the fintech firm’s share price up, with the goal of preventing it from being delisted from the Nasdaq exchange.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 The Securities and…

We get it. Turning on two-factor authentication for your online accounts can be a pain. But like going to the dentist, it’s just something you have to do.On Tuesday, someone broke into the Securities and Exchange Commission’s official X account and tweeted that spot bitcoin exchange-traded funds had been approved, sending the price of the cryptocurrency briefly higher. The official-looking announcement was a hack, an SEC spokeswoman said; the agency did officially approve the ETFs on Wednesday. Copyright ©2024Dow Jones…

A water hog is lurking in your crypto wallet.  Bitcoin-mining operations slurp up billions of gallons of water globally each year.  Estimates vary, but the annual footprint is projected to surpass 591 billion gallons of water this year, according to an article published last week in the peer-reviewed journal Cell Reports Sustainability. Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 A water hog is lurking in your crypto wallet.  Bitcoin-mining operations slurp up…

In the ever-evolving landscape of financial technology (FinTech), the integration of big data analytics has emerged as a transformative force, revolutionizing fraud detection, data analysis, and payments technology within the industry. In the ever-evolving landscape of financial technology (FinTech), the integration of big data analytics has emerged as a transformative force, revolutionizing fraud detection, data analysis, and payments technology within the industry. This powerful technology enables financial institutions…