Neobanks (or challenger banks, as they are known in the UK) have raised staggering amounts of money since they first arrived on the fintech scene. Just as with their dotcom forebears, private equity and venture capital funding have been easy with few restrictions, flooding the space with cash. Profitability has been a ‘nice-to-have’ punted down the road. Looking Forward to […]

Despite the ongoing sideways trend in the cryptocurrency markets, Bitcoin (BTC) still remains a crowded trade. According to a new survey from Bank of America, this could indicate that the current bull cycle’s market top is still to come. Bank of America’s most recent fund manager poll suggests that the “long Bitcoin” bet is now the most crowded trade across […]

Still in the red, Bitcoin and the crypto market have held the line in the past day. A bounce back seems feasibly, but not guaranteed. At the time of writing, BTC trades at $42,913 with sideway movement in the 1-hour chart and a 20% correction in the weekly and monthly chart. The crypto market is uncertain, but there are signals […]

The China Internet Finance Association has signed a joint statement with the China Banking Association and China Payment and Clearing Association, warning the public about the risks of investing in cryptocurrencies. According to a report by Shanghai Securities News on Tuesday, the aforementioned trade association under the People’s Bank of China issued a communique titled “Preventing the risk of virtual […]

iFX EXPO Dubai opens its doors tomorrow morning! The long awaited iFX EXPO runs from 19-20 May 2021 and the Ultimate Fintech team are on site ready to welcome attendees! Travelling to the event or just waking up in beautiful Dubai? Here’s what attendees need to know: Making It Happen – Safely Two days of business networking, top fintech speakers […]

The U.S. Federal Trade Commission (FTC) says reports of cryptocurrency scams have skyrocketed. In particular, people have reported sending more than $2 million in cryptocurrency to Elon Musk impersonators within the past six months. Elon Musk Impersonators and Other Cryptocurrency Scams The FTC published “Consumer Protection Data Spotlight” Monday. FTC analyst Emma Fletcher wrote, “Reports to the FTC’s Consumer Sentinel […]

Stellar lumen price is holding ground above $0.6000 against the US Dollar, similar to bitcoin. XLM price could start a fresh rally once there is a close above $0.7100. Stellar Lumen Price Analysis (XLM to USD) After forming a base above the $0.5500 support zone, stellar lumen price started a fresh increase against the US Dollar. The XLM/USD pair broke […]

The U.S. Securities and Exchange Commission (SEC) has warned investors to be aware of the risks of digital currency futures in mutual funds, in its latest investor warning over digital currencies. The regulator, which is tasked with overseeing the securities markets in the U.S., said investors should thoroughly weigh up the risks of investing in any mutual funds exposed to […]

XRP whales have accelerated the movement of the world’s 7th most valuable cryptocurrency after a price jump of nearly 12% in the last 24 hours. A large XRP wallet has transferred $93 million worth of digital currency to an unknown wallet today. According to the latest data published by Whale Alert, a blockchain tracking and crypto analytics platform, XRP address […]