Tag Archives: Digital
Is the Decision by Amazon and Starbucks’ to Incorporate Cryptocurrencies in their Business Models Right?
by David Drake Blockchain was just a buzzword a few years ago but today, it is going mainstream. As a result, companies are beginning to take up space in the cryptocurrency industry. Amazon and Starbucks are trailblazing the entry of corporates to the cryptocurrency market – if their recent announcement to create their own virtual currencies and integrate blockchain in […]
By David Drake Cryptocurrencies are rapidly becoming irresistible in different sectors across the globe. This is despite the many challenges facing the cryptocurrency market that include high volatility, security risks and government regulation. Experts are optimistic that these challenges are typical of any new technology or payment system that is potentially posed to revolutionize finance and business ecosystems. For players […]
Can Global Brands, Starbucks and Amazon are Bridge the Gap between Crypto and Traditional Financial Ecosystems?
By David Drake Last week, two world-known U.S. brands – Amazon and Starbucks – alluded to plansto either integrate virtual currency or blockchain technology in their corporate models. LendEDU queried 1000 Amazon clients on whether they would use the ‘Amazon Coin’ if the company was to launch it.. Results showed that more than 50 percent of the participants said they would. […]
by David Drake Ripple, a company based in San Francisco, had a difficult start in 2018. The virtual currency, XRP, has lost about 70% of its value since the start of the year due to the wide cryptocurrency crash that took place in January. But things are now looking up for XRP as the list of financial institutions, including banks, […]
By David Drake Following last week’s price plunge, Bitcoin and other cryptocurrencies are beginning to recover. However, the road to recovery has not been smooth, it’s filled with ups and downs. Just this past Monday we saw the prices of all crypto coins drop by at least 10% based on CoinMarketCap data. At the time of writing this article, the […]
By David Drake Cryptocurrencies continue to dominate the financial market, particularly after their explosive growth in 2017. As such, they have attracted the attention of central banks in different countries. Towards the end of 2017, central banks in seven leading economies, the G7 countries, indicated that they would start acquiring cryptocurrencies for purposes of strengthening foreign reserves. Coming at a […]
by David Drake During the last 12 months, the price of Bitcoin increased from $1000 to almost $20,000. However, last month, the value of this leading cryptocurrency plunged below the $6,000 mark, a demonstration of its high volatility. The unpredictable nature of cryptocurrencies, coupled with their high volatility, has raised questions regarding whether or not they’re worth investing in. “I […]
by David Drake Even though Bitcoin was launched in 2009, it became very popular in 2017. High speculation saw its price rise throughout the year to a high of almost $20,000, up from $1000 at the beginning of the year. Despite its speedy growth in value, this leading cryptocurrency has had its fair share of high volatility characterised by frequent […]
By Michael Hull Chief Editor, FamilyOffices.Today US financial regulator, the Securities and Exchange Commission (SEC), has launched a major crackdown on initial coin offerings (ICOs). Recent reports show the regulator has already issued subpoenas to various ICO companies and their advisors. The SEC’s action comes about a month after its Chairperson, Jay Clayton, promised sanctions for firms that do not […]
By Michael Hull Chief Editor, FamilyOffices.Today At least 80 individuals and companies involved in initial coin offerings (ICOs) have recently received subpoenas from the US financial regulator, the Securities and Exchanges Commission (SEC). This is the latest move by the SEC to rein in on ICOs that saw companies crowdsource upwards of $5 billion in 2017 alone. ICOs have become […]