On December 12, Prime Minister Benjamin Netanyahu openly commented on the future of banking, seen through a youtube video. He believes that blockchain technology will replace traditional banks as a result of bitcoin’s growth this year.
With governments and Central Banks around the world concerned over the unstable growth of digital currencies, Netanyahu, a prominent world leader, expresses his honest opinions on the future of banking. The Prime Minister states in Hebrew: "Is the fate of banks that they will eventually disappear? Yes. The answer is Yes. Does it need to happen tomorrow? And do we need to do it through Bitcoin? That’s a question mark."
Ripple is the fourth largest cryptocurrency in the world but despite its recent growth, it still remains an unfamiliar name to most.
XRP, Ripple’s native currency, has taken the banking world by storm, soaring from under $0.01 to $0.30 a coin in less than a year. But why did its value suddenly increase by 4300 per cent? Ripple acts as a payment network, RippleNet, and a cryptocurrency, Ripple XRP.
As we promised in one of our latest blog posts, Eidoo is going to launch a tool called the ICO Engine to offer the chance for companies to organize token sales on our mobile app available both on Android and IOS in a safe and easy way.
Initial Coin Offerings are very popular right now, so we decided to prioritize the development of this new tool to exploit the growing success of this mean by which funds are raised.
The India’s Income Tax (I-T) department is trying to find a way to tax bitcoin transactions, news agency Reuters reported on Wednesday quoting officials. The I-T department’s intent may be seen in the light of the surveys it conducted at nine bitcoin exchanges across the country.
Artificial intelligence (AI) has already changed some activities, including parts of finance like fraud prevention, but not yet fund management and stock-picking. That seems odd: machine learning, a subset of AI that excels at finding patterns and making predictions using reams of data, looks like an ideal tool for the business. Yet well-established “quant” hedge funds in London or New York are often sniffy about its potential. In San Francisco, however, where machine learning is so much part of the furniture the term features unexplained on roadside billboards, a cluster of upstart hedge funds has sprung up in order to exploit these techniques.
Litecoin price has skyrocketed in the last week. Jumping 111% on the back of the bitcoin futures market opening in America.
Litecoin is on an even crazier tear over the past month and year, skyrocketing more than 500% in the past 30 days and 10,000% in the past 12 months with Litecoin prices breaching $320 for the first time Tuesday. Since the start of 2017, Litecoin has risen 7,291% against bitcoin’s 1,731%
Microsoft is spending $50 million over the next five years on making artificial intelligence technologies (AI) available to researchers and organizations that are working to protect and improve the environment.
The initiative is part of an expansion of the software giant’s AI for Earth program. First announced in July, the environmental technology initially was primarily focused on agriculture, biodiversity, water scarcity, and of course, climate change. In October, the program was expanded to include the research involving the world’s oceans and the problems affecting them, including pollution, rising sea levels and increasing acidity.
South Korea will ban minors and foreigners from trading in virtual currency or creating bank accounts for them in the country, a government statement obtained by Reuters ahead of an official release showed.
It will also tax profits from income from virtual currency and impose stricter authentication for traders, the Office of Government Policy Coordination, which reports to the prime minister, said.
For qualified investors / professional clients only
In order to proceed, you must confirm that you are a qualified investor based in Switzerland
The information contained in this section have been compiled or arrived at based upon information obtained from sources believed to be reliable and in good faith, but is not guaranteed as being accurate, nor is it a complete statement or summary of the securities, markets or developments referred to in the document.
Before investing in a product please read the latest prospectus carefully and thoroughly and note that funds mentioned herein may not be eligible for sale in all jurisdictions or to certain categories of investors The information mentioned herein is not intended to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not a reliable indicator of future results. The performance shown does not take account of any commissions and costs charged when subscribing to and redeeming units. Commissions and costs have a negative impact on performance. If the currency of a financial product or financial service is different from your reference currency, the return can increase or decrease as a result of currency fluctuations. This information pays no regard to the specific or future investment objectives, financial or tax situation or particular needs of any specific recipient. The details and opinions contained in this document are provided without any guarantee or warranty and are for the recipient's personal use and information purposes only
