Bitcoin's captured media attention ever since its introduction a decade ago, and it's here again - setting new record prices multiple times over the past year, it's set for yet another rise following major investments in recent weeks. Bitcoin's rapid rises - and sometimes equally-rapid falls - are nothing new on their face, but this institutional attention is something that … [Read more...] about Bitcoin Gains Increasing Credibility
Cryptofinance
Bitcoin Rises―Again
Bitcoin is rising―up over 5% on Friday. The asset's rise since again. That may not be the case by the time you read you read this, but the rise over the last three months has again sparked institutional investor interest in what's become an alternative asset. We talked to Peter Stern, director of sales at CF Benchmarks, a bitcoin index provider, at the February meeting of the … [Read more...] about Bitcoin Rises―Again
Digital Payments and Currencies in China. They’re Faster.
The following is a guest post from John Browning, founding partner of Hong Kong commodity and financial futures broker BANDS Financial. In reporting on the state of and statistics on the Chinese economy, Browning follows the development of a digital currency by China's central bank. See our post Constructing the Future of Money for an introduction. This post, an excerpt from … [Read more...] about Digital Payments and Currencies in China. They’re Faster.
Constructing the Future of Money
The articles in this issue of FinTech Rising showcase two paths to instant payments and their progress: the traditional bank-centric approach and the emerging decentralized digital-cash approach. Our articles come from the Federal Reserve Bank of Chicago Payments Symposium, held virtually on Sept. 22-23. They are not incompatible, and they will co-exist, certainly … [Read more...] about Constructing the Future of Money
Chicago FinTech News – Corporate Cash Surges
Corporate Cash Holdings Soar, Says New Carfang Group Study Corporations in the U.S. added $1.1 trillion or 38.5% to their cash holdings in the first half of 2020 according to recent data Federal Reserve data analyzed by The Carfang Group. For the second quarter, cash is up $424B or 12% and now stands at $3.9T. According to Anthony J. Carfang, Managing Director at The … [Read more...] about Chicago FinTech News – Corporate Cash Surges
The Programmable Future of Currency
It’s broadly agreed that the rails that exist for payments – both domestically and globally – are antiquated. While there has been any number of advances and shifts toward digital wrappers and new ways for consumers to move money around, on the backend the payment rails themselves are roughly the same as they were 50 years ago. Those rails have built the backbone for a … [Read more...] about The Programmable Future of Currency