Why People are Going Crazy Over Bitcoin and Other Digital Currencies

Bitcoin and other virtual currencies are on a tear this year, surpassing the returns seen in stocks, bonds and most other investments. The price of bitcoin has tripled since the beginning of the year, surging above $3,000 for the first time Sunday before dropping by more than 10 percent the next day. Returns for ethereum β€” a lesser known but quickly growing cryptocurrency β€” have been even more dramatic: It’s gained nearly 5,000...

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New Type of Banking Licence to Serve FinTech Startups

new finTech startup banking

US FinTech Sector Set to Grow as OCC Provides Avenue to Test

The OCC (Office of the Comptroller of the Currency), which is a sub-branch of the U.S. Department of Treasury, last year stated that it would look into granting financial technology (FinTech) companies with Special Purpose National Bank Charters. Since that declaration, it has now begun to actively engage players in the industry to...

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Brexit breeds opportunities for UK fintech

fintech-uk-brexit-opportunity Far from being an economic disaster, a British exit from Europe could be the best thing that's ever happened to UK fintech, says Michael Jackson, partner at Mangrove Capital and former COO at Skype. Great entrepreneurs feed off of disruption - whether geopolitical or technological. As a venture capital investor, I back entrepreneurs who take advantage of change to create transformational businesses. So I was struck...

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