Note: On Tuesday morning 2/16, Bloomberg reports that bitcoin reached a new record price, breaking $50,000, as institutional investors continue to buy in. Bitcoin continues to capture headlines, as summarized by CoinDesk. As its price gains continued on news that Elon Musk purchased $1.5 billion worth of the cryptoasset for Tesla, several mainstream financial organizations … [Read more...] about The Changing Face of Bitcoin
Bitcoin Gains Increasing Credibility
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
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
The App-Fueled GameStop Trade
It would be difficult to follow financial news and miss this week's saga of the GameStop trade and the role played by the Robinhood trading app. The narrative threads include comparisons to the Occupy Wall Street populist movement and of course a conspiracy theory involving hedge funds. Variations on that story may land the founder of the Citadel Securities, the market maker … [Read more...] about The App-Fueled GameStop Trade
Pandemic Precipitates Rising Trust in FinTechs
The pandemic has driven an unprecedented shift in payments towards digital options. And while that move has been driven in part by sheer necessity, as consumers discover the broad range of tools FinTechs, offer their expectations for legacy institutions will only increase going forward; going back to the old way of doing business is simply not an option. The biggest … [Read more...] about Pandemic Precipitates Rising Trust in FinTechs
Banks Cautiously Optimistic for 2021
It doesn’t take special insight to note that 2020 was a tumultuous year for banks—along with the rest of the world—with the dramatic shift to digital and a heavy blow to projections across the board forcing financial institutions to reassess every aspect of how they do business. Now, looking forward to 2021, the banks are beginning to see challenges the new year will … [Read more...] about Banks Cautiously Optimistic for 2021