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Bitcoin Can Bring Respite to Africa’s Inflation Problem; Hydro-Quebec Unable to Meet Energy Demand F


Bitcoin Can Bring Respite to Africa’s Inflation Problem

Inflation runs high in Africa and bitcoin could be a potential alternative to regional currencies. African central banks have consistently followed policies that have eroded the purchasing power of their citizen’s money. As a result, bitcoin will offer Africans a choice and another option for money as a store of value. Bitcoin has been portrayed by many as a medium of exchange for illegal and unground activities. Less attention has been devoted to the use of bitcoin as a way for people to circumvent disastrous, governmental...

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Category: Bitcoin Currency

Image & article ref: ccn.com

Hydro-Quebec Unable to Meet Energy Demand From Cryptocurrency Miners

Hydro-Quebec, the largest state-owned utility in Canada, appears unable to meet the electricity demand from cryptocurrency miners seeking to establish operations in the energy-rich province. The announcement comes just weeks after the company sought to entice virtual currency miners as a means to bolster the province’s economic outlook, claiming that it had 5,000 megawatts of power to spare. Hydro-Quebec has indicated that it will not be able to meet the scale of power demanded by cryptocurrency miners...

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Category: Crypto Mining Energy

Image & article ref: news.bitcoin.com

Fintech is about to help first-time buyers get on the property ladder, with Rent Recognition Challenge for startups

You spend years paying rent, every month and on time, and yet when it comes to getting a mortgage, that all means nothing. Banks and other lenders do not take this record of prudent financial behaviour into account when considering first-time buyers, but efforts to change that just came a step closer. A new competition has been launched to get innovative startups using technology to help renters use this payments history as a record of credit worthiness. The idea is that a tool or service can be used by lenders and credit...

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Category: Mortgage Credit

Image & article ref: cityam.com

What Predictive Analytics, Big Data And The Rise Of Artificial Intelligence Mean For Real Estate

If we take a holistic approach and look at the entire evolution of analytics in business, we see that we’ve come quite a long way — but there's still more work to be done. Think back to the early 1990s when basic back-office reporting reigned. Numbers weren’t connected to the front-office business and were used mostly to support internal decisions. Let’s call this the 1.0 phase of analytics. Next, during phase 2.0 in the early 2000s, companies like Google and PayPal started to look at large amounts of unstructured data.

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Category: Artificial Intelligence

Image & article ref: forbes.com

Where fintech dollars will go in 2018

2018 looks to be a good year for U.S. fintech companies, as banks plan to step up their investments. A study released in December found that 82% of U.S. commercial banks plan to increase fintech investment over the next three years; 86% of bank senior managers surveyed said they intend to boost fintech funding imminently. The research was commissioned by the global fintech provider Fraedom. The research firm Statista predicts U.S. fintech companies will receive $4.7 billion from all types of investors...

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Category: Fintech

Image & article ref: americanbanker.com

Bitflyer Launches in Europe – Now Licensed on Three Continents

Japan’s leading cryptocurrency exchange Bitflyer has launched in Europe after obtaining a license to operate in the European Union. The exchange currently supports BTC/EUR trading, with a plan to add other cryptocurrencies later on this year. Bitflyer announced its European exchange launch on Monday. Its announcement states: Having been granted a Payment Institution (PI) license to operate in the European Union, it has become the first bitcoin exchange to be regulated in Japan, the US and Europe, making it the most...

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Category: Cryptocurrency Exchange

Image & article ref: news.bitcoin.com

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