Articles about Money

The correction in the cryptocurrency market continues. All of the major coins are in the red once again today, pushing the market cap under the $100 billion mark. Since the beginning of September, more than $75 billion has been wiped out, partly due to China, which was-recently rumored to be seeking a Bitcoin ban.

The most valuable cryptocurrency, Bitcoin, just dipped under $3,000 on September 15 for the first time since early-August. Yesterday, it was trading for around $3,500. That is a drop of 40 percent since its $5,000 peak. Its market cap has taken a beating as well, falling under $50 billion.

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The cryptocurrency market is now in a massive correction which has wiped out over $50 billion from its market cap high reached at the beginning of the month. The downward pressure seems to center on rumors that China wants to ban Bitcoin, the most valuable cryptocurrency.

I say rumors because there seems to be no official information from China that a ban is, indeed, in the cards. That has not stopped various websites from giving them too much credence, which adds to the instability that we have seen recently.

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Let me start by sharing that I am positioned on both sides of the market. In the last six months I participated in implementing nearly a dozen ICO projects (both as part of ICOBox and as a private advisor), and as a token holder I contributed to over 40 projects (both as a private actor and as a consultant to institutional token buyers). This is the foundation of my expertise in the field.

In this article we will be discussing ICOs and tokens, so let me give you a few numbers which will partly explain what we are doing here.

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The AWS Elastic Compute Cloud (EC2) service has many advantages, including easy scalability, pay-for-what-you-use, as-you-go pricing, and an enormous array of options and upgrades -- so many that your AWS bill may become quite complicated.

Have you been suffering from sticker shock but have no idea which of the literally thousands of line items on your invoice are the culprits? Here are seven hidden AWS costs that could be breaking the bank.

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To improve the security of their products, many high profile tech companies have introduced bug bounty programs. The rewards can be pretty substantial, depending on the severity of the bug and the quality of the report, as Samsung's first such initiative focused on its mobile devices proves.

Called the Mobile Security Rewards Program, Samsung's bug bounty program will pay researchers up to $200,000 for finding security vulnerabilities in its mobile devices and related software.

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The cryptocurrency market is now valued at $164 billion, with $20 billion added to its capitalization in less than two weeks. That is in no small part thanks to the rise of Bitcoin and Ethereum, which have posted strong gains since our last coverage.

The most interesting development comes from Ethereum, which has stagnated recently around the $300 mark. It is slowly but surely regaining its strength, as, today, it traded for over $360 for the first time since June 21, rising its market cap to over $34 billion.

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Amazon is looking to make it easier than ever for UK shoppers to buy goods on the site using their mobile devices.

The company has this week launched Top Up, a new service that lets users deposit money into their Amazon account simply by scanning a barcode with their phone.

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The new offshoot of Bitcoin has dropped in value after reaching a record high which saw the cryptocurrency peak at over $1,000.

Last month, a group of Bitcoin miners implemented a hard fork of the blockchain and as a result Bitcoin Cash was created. On Friday of last week, the offshoot was able to surge by 40 percent in a single day and it reached $600.

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Small businesses struggling to keep track of all their data as they grow have been given a helping hand thanks to a new tool from Barclays.

Designed for SMEs experiencing a surge in growth, SmartBusiness Dashboard offers a place for companies to view all real-time banking data and information about their business in one place.

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The UK is continuing to embrace mobile and contactless payments, with the total spend using such services booming in the first half of 2017, new research has revealed.

The latest payment figures from Worldpay, the UK's largest credit and debit card payment processor. It found that the amount of money spent using mobile payments topped £370 million in the first six months of 2017.

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The price of Bitcoin has increased dramatically this year. The most popular cryptocurrency went from a low of $958 on January 1 to $2,000 on May 19, $3,000 on June 11, and, finally, $4,500 today. The effect? Its market cap rose from $15.5 billion to $73 billion, making it more valuable than well-known major tech companies like Twitter, HP, Nokia, NXP, Baidu, Salesforce and PayPal.

But Bitcoin's rise didn't have an effect just on its market cap, as it also boosted the cryptocurrency market as a whole. Today, its value is estimated to be around $144 billion, up from only $11.3 billion a year ago. It is pretty incredible, if you think about it.

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The UK is continuing to embrace mobile and contactless payments as the impact of cash continues to decline, new figures have revealed.

British consumers and businesses are increasingly shunning physical money in favor of card and online payments, according to the UK Cash and Cash Machines 2017 report from watchdog UK Finance.

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The world of banking is about to be transformed. In January 2018, the second Payment Services Directive (PSD2) will be incorporated into UK law, obliging banks to provide other organizations with access to their customers’ financial information. Known colloquially as the "open banking" directive, the new law is intended to end the monopoly of big banks and to provide consumers with a much wider range of financial services providers to choose from.

There are many technical and cultural difficulties that banks will need to overcome in order to comply with the new directive, but perhaps the most serious challenge is how to implement PSD2 without bringing themselves into conflict with another impending piece of legislation; the European Union General Data Protection Regulation (GDPR).

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The value of the cryptocurrency market plummeted in July, and Ethereum was among the most affected players. From a peak of $400 in mid-June, it went all the way down to the $130s a couple of weeks ago. The second most-valuable cryptocurrency has been slowly regaining lost ground since, however.

Ethereum is nowhere near its peak price yet, unlike Bitcoin, which has managed to go over $3,500 for the first time yesterday, but its recovery is encouraging -- Ethereum traded again above the $300 mark today.

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After a brief period of instability, Bitcoin is back on the path of setting new price records. The most valuable cryptocurrency broke the $3,500 mark today, rising by over 16 percent since mid-June when its price went past $3,000.

Since the beginning of the month, Bitcoin has slowly increased in price, despite the creation of Bitcoin Cash on August 1 as a result of a hard fork on the network, gaining around $600 in value.

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