How Does Bitcoin Trading Work? A Quick Look At The Fundamentals

2018 is already being labelled the year when the “plumber and the hairdresser” started buying and selling the digital currency bitcoin.

There has certainly been an incredible uplift in the number of people learning about bitcoin – searches for the phrase “buy bitcoin with credit card”, for example, were reported by Google to have “skyrocketed” towards the end of December, when the digital currency was on its magnificent bull run.

The price of the cryptocurrency hit $10,000 in December, for the first time in its 8 years of existence, and went on to climb to above $16,000, in a little under a week. Read more “How Does Bitcoin Trading Work? A Quick Look At The Fundamentals”

QROPS Pension Charge Ruling Leads To Petition By Aggrieved Expats

Qualified, Recognised, Overseas Pension Transfers, QROPS for short, made headlines last year when Chancellor Philip Hammond announced that a 25% charge would be levied on all UK pensions being transferred overseas, effective the very next day.

The decision has ultimately outraged sections of Britain’s expat community, who believe that the ruling blatantly discriminates against some – but not all –  of them. Read more “QROPS Pension Charge Ruling Leads To Petition By Aggrieved Expats”

$500m Crypto Heist Puts Bitcoin, Digital Currency Security Issues In Spotlight Again

Bitcoin, and the crypto-economy that it presides over as the king of the digital currencies, is enduring a tough January. Read more “$500m Crypto Heist Puts Bitcoin, Digital Currency Security Issues In Spotlight Again”

Transferwise Launches 28 Currency Borderless Bank Account, But Faces Stiff Competition From Rivals

This content is sourced and brought to you by The Money Cloud – comparing the best rates for sending money overseas offered by hand-picked, regulated brokers and money transfer agencies.

TransferWise is targeting “expats, second homeowners, freelancers and more” with a new bank account that allows users to make transactions in 28 different currencies. Read more “Transferwise Launches 28 Currency Borderless Bank Account, But Faces Stiff Competition From Rivals”

Exploding The Bitcoin Myth; The Factors Behind The Rise, & Recent Fall Of Crypto

Was bitcoin ever designed for the kind of mass adoption we are seeing today?

In theory, it was. Anybody who has read the original bitcoin white paper will know that the crypto coin was designed for one very specific purpose; to be the currency of the internet. Read more “Exploding The Bitcoin Myth; The Factors Behind The Rise, & Recent Fall Of Crypto”

Resilient Economy, Weak Dollar & A Burgeoning Relationship; A Good Time To Swap Pounds For Dollars?

Davos, it is said, doesn’t know quite what to make of Donald Trump. On the one hand, there is outrage, stemming from the POTUS’ decision to pull out of the Paris Climate Agreement, his outspoken views on immigration, and his deeply unpopular and controversial domestic policies. Read more “Resilient Economy, Weak Dollar & A Burgeoning Relationship; A Good Time To Swap Pounds For Dollars?”

The Bitcoin Phenomenon; Is It A Myth That We Are All Buying The Digital Currency?

This content is sourced and brought to you by The Money Cloud – comparing the best rates for sending money overseas offered by hand-picked, regulated brokers and money transfer agencies.

Most of us have heard of it, but are we buying it? After a rocky first few years, when it was seen as little more than a vehicle for the ill-gotten gains of drug dealers, money launderers and terrorists, bitcoin, the concept, successfully overcame the doubters in 2017, leading to a stunning hike in the price of the digital currency, from less than $1,000 dollars in January, to above $19,500 by the end of December. Read more “The Bitcoin Phenomenon; Is It A Myth That We Are All Buying The Digital Currency?”

Investigation Into Russian Interference In US Elections Switches To Money Transfers

This never-ending saga – one that has infuriated the POTUS, Donald Trump, who had received assurances this investigation would conclude before thanksgiving last year – rumbles on.

According to the New York Daily News, Special Counsel Robert Mueller has turned his attention to a number of suspicious financial transactions that took place at key moments before and after the US election of 2016. Read more “Investigation Into Russian Interference In US Elections Switches To Money Transfers”

Bitcoin’s Exchange Issues; Crypto Speculators In UK Struggling To “Cash Out”

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Bitcoin speculators in the UK are facing high fees for transferring their digital crypto gains into fiat currency, because digital currency exchanges are struggling to build relationships with UK based banks, the FT revealed over the weekend.

UK banks are apparently “taking a lot more time to get comfortable” when it comes to dealing with bitcoin, or cryptocurrency exchanges, than their European and US counterparts, according to Obi Nwosu, chief executive of Coinfloor, the cryptocurrency exchange. Read more “Bitcoin’s Exchange Issues; Crypto Speculators In UK Struggling To “Cash Out””

MoneyGram Is Partnering With HD Bank In Vietnam For “Quick and Easy” International Money Transfer Services

HD Bank, one of the largest independent banking organisations in Vietnam, is introducing an international money transfer service, and announced last week that it has appointed US firm MoneyGram, to handle the transactions.

The company says its new “instant” money transfer service will allow its domestic customers to transfer money to 190 countries in just 10 minutes, at a reasonable cost. Read more “MoneyGram Is Partnering With HD Bank In Vietnam For “Quick and Easy” International Money Transfer Services”

How Will PSD2 Affect The Fortunes Of The “Big Banks” In 2018?

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Before we begin to discuss PSD2, let’s remind ourselves why banks exist in the first place.

Banks look after our cash for us. Sometimes they charge a small fee for doing so, and sometimes they request permission to use our deposits for the sake of their own returns, promising to pay us interest for the right to do so.

So far so good. We can all agree that storing our money securely with a bank is preferable to storing it under the floorboards, if only for security reasons. From a bank’s perspective, it is also win-win. Even if we end up owing the bank money, we will incur charges carefully computed to ensure the bank still makes a profit from our business. Read more “How Will PSD2 Affect The Fortunes Of The “Big Banks” In 2018?”

Used vs New; The Dilemma That Faced Farmers At LAMMA 2018

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If you are one of the 40,000+ workers in the agriculture sector expected to descend upon the East of England Showground near Peterborough for this year’s LAMMA show – the UK’s Leading Farm Machinery, Equipment and Services Show, then you are probably mulling over the following options.

Do I buy new, buy second hand, or stick with what I have? Read more “Used vs New; The Dilemma That Faced Farmers At LAMMA 2018”

LAMMA 2018, The UK’s Largest Machinery Show Is In Full Swing

Peterborough is once again the venue for an event that consistently attracts the cream of international manufacturers and suppliers of farm machinery, equipment and agricultural services, and the mainly UK based farmers, contractors and rural businesses looking to invest in new equipment.

Last year saw more than 40,000 visitors descend on the East of England Showground, and more than 850 companies exhibit. The event represents the perfect opportunity for farmers and manufacturers to discuss the latest products on display in an informal atmosphere, view the latest technological innovations, and ultimately, to make deals. Read more “LAMMA 2018, The UK’s Largest Machinery Show Is In Full Swing”

MoneyGram To Partner With Blockchain Solution Ripple To Trial Faster, Cheaper Overseas Payments

In a deal that ought to bring considerable benefits for both sides, MoneyGram, one of the world’s largest money transfer companies (that was until recently subject to a takeover bid from China’s Alipay), has entered into a strategic partnership with Ripple – a blockchain solution for global payments that works alongside many of the world’s biggest banks. Read more “MoneyGram To Partner With Blockchain Solution Ripple To Trial Faster, Cheaper Overseas Payments”

CES 2018 Takes The Hit For Tech As Some Robots Down Tools

The Consumer Electronics Show can sometimes feel more like something out of a PT Barnum freak show than a serious evaluation of the state of modern technology.

Staged annually in Las Vegas, the conference represents a first opportunity of the year for the world’s biggest, most technologically advanced and forward-thinking companies to showcase the products that they hope will put them centre stage in 2018, demonstrating that it is they who control the future. Read more “CES 2018 Takes The Hit For Tech As Some Robots Down Tools”

Top 10 US Fintech Firms Now Worth $130bn; Outperforming “Financial Incumbents” Says VC Firm

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Fintech firms had a stellar year in 2017.

To those of you who are thinking “well, I know about the hype, but where’s the proof?”, a new tracker from VC firm Matrix, the Matrix U.S. Fintech Index is a weighted index that tracks the performance of a portfolio of 10 of the leading fintech companies in the US.

The index reveals that, not only, in 2017, did these firms crash through the $100bn dollar mark in terms of total market capitalisation (it is closer to $130bn now), collectively, they also delivered 89% returns over the course of 2017. Read more “Top 10 US Fintech Firms Now Worth $130bn; Outperforming “Financial Incumbents” Says VC Firm”

HSBC Expat Explorer Survey Puts Singapore Top Of The League In 2017

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I had the pleasure of spending 3 weeks here in August last year and based on my experience, it seems hardly surprising that Singapore tops HSBC’s Expat Explorer Survey in 2017.

Singapore is in first place for the second year running, ahead of Norway (6th in 2016), New Zealand (2nd) and Germany (10th). An eclectic top 10 also includes the Netherlands, Canada, Australia, Sweden, Austria, and the United Arab Emirates. Read more “HSBC Expat Explorer Survey Puts Singapore Top Of The League In 2017”