Cryptocurrencies may have got off to a bad start in 2018, with valuations plummeting (although a promising late February revival has restored confidence levels, despite a slight overnight correction put down to profit taking), but faith in its underlying software, the blockchain, has never been stronger. Read more
Silicon Valley’s Hash Cash & Singapore’s United Overseas Bank Join Forces For Blockchain Based Remittance Service
Singapore and Silicon Valley are arguably the fintech industry’s two geographical titans. Both are renowned for the ability of their supremely well educated and entrepreneurial populations to become early adopters of new technologies and commercial trends, and successfully turn them into globally dominant enterprises.
In Silicon Valley’s case it tends to be technologically advanced and trendsetting media and social media companies that rule the roost, whilst in Singapore, financial acumen, international trade, notably shipping, and now, financial technology are the industries that have helped to make one in every twenty of the City state’s citizens a millionaire, if reports are to be believed. Read more
Bitcoin, and the crypto-economy that it presides over as the king of the digital currencies, is enduring a tough January. Read more