Is Cryptocurrency Equal to Real Money?
There are a lot of questions on the subject whether it is worth comparing cryptocurrency with real money and goods. The correct answer is that you need to compare their functionality and liquidity to truly see the value of cryptocurrency.
Cryptocurrency June 2017 Cool Down
Over the past week (12-18th of June), the Cryptocurrency market slowed down in its sudden growth. The fall in the price is a result of several combining factors which wouldn’t make a difference independently. However, as they influence each other’s price, the cool down is amplified.
What’s the Reason Behind Cryptocurrency Growth?
In April, the price of the first cryptocurrency started ascending to new pricing levels, breaking its resistance level at $1295. In the past few months, Bitcoin attained a brand new value of $3,000, twice as high as the first cryptocurrency price.
Does Net Neutrality Make India Better for Fintech Startups?
This is a tale of two countries and how their respective government policies on net neutrality have affected the startup of nascent fintech companies. Governments have long chosen winners and losers in the private sector by providing different rulebooks for different players—the expansion of railroads across the western half of the USA during the latter half of the 19th century is a prime example. Today, a nation’s net neutrality policies profoundly impact Internet users and businesses, particularly fintech ventures spawning revolutionary products and services.
China’s New Cyber Security Regulation
China has a variety of reasons to ensure that “The Great Firewall”, a term erected to describe its stringent internet access controls, stays as solid as the monumental Great Wall of China. Pew Research Center’s survey in 2009 reported that 80 percent of all Chinese think a controlled internet is for their benefit, while 85 percent want the government to control it as part of its responsibility.
Cycber Security Shortage for FSIs
This spring, the WannaCry virus made international headlines as hundreds of thousands of FSIs were hijacked and held hostage by this malicious ransomware. The most startling observation about this attack that compromised over 200,000 computers in over 150 countries is that it was neither shocking nor unexpected. From consumer credit card information stolen by hackers of Target Co, or compromised email accounts by continual hacks of Yahoo, high profile, prolific hacks of companies, governments, and individuals are increasingly commonplace.
British Airways: Power Surges and IT Outsourcing
British Airlines (BA) faced a critical downtime with their IT systems on Saturday, 27th of May, leaving almost 75,000 passengers stranded at the airports waiting for their flights. At around 11 am on Saturday, BA’s IT systems crashed worldwide, for the sixth time in the past year. The company’s website was also down with the crash and BA had no option but to cancel thousands of flights from Heathrow and Gatwick airports, its two central hubs.