Scotland’s University of Strathclyde has announced the launching of its new FinTech masters course, making it a first in the U.K. in an announcement on the university’s website. The Master of Science (MSc) in Financial Technology will provide students the financial, programming and analytical skills needed to help companies accelerate and enhance their security. It is hoped that this new course will support the digital transformation of Scotland’s growing financial sector. Boost in Scottish Jobs An economic modelling study found last year that Scotland could lose more than 14,000 jobs in its financial sector over the next ten years if it fails to embrace the FinTech wave. In a bid to retain those jobs within Scotland the launch of the new intensive 12-month…
The last 12 months have solidified bitcoin’s crucial role in the global economy. Investors and traders have relied on the digital currency to protect their wealth and avoid economic and financial crisis resulting from excessive government monopoly over current monetary systems. Indian government’s decision to demonetize 500 and 1,000 rupee banknotes led to one of the worst economic disasters in recent history, essentially halving the economy’s cash circulation and causing a nationwide financial turmoil. China’s imposition of heavy regulations and impractical policies on cash outflow to prevent the devaluation of the Chinese yuan also pushed the demand for bitcoin further, as investors sought out for assets and stores of value that can be used to bring money…
Following a meeting between the People’s Bank of China and representatives of BTC China, OKCoin and Huobi, which in combination account for some 90% of bitcoin trading volumes, BTCC has e-mailed CCN an official statement in reply to our request for comments: “BTCC regularly meets with the People’s Bank of China and we work closely with them to ensure that we are operating in accordance with the laws and regulations of China. As the longest running exchange in the world, we have always adhered to strict AML/KYC policies and continue to be compliant with all current regulations in China. The press release put forth from the PBOC today outlines that there is significant volatility in bitcoin trading, and also quoted from a notice released in 2013 saying that…
Coinbase CEO Brian Armstrong is the latest cryptocurrency industry figure to lend support to Segregated Witness, hereinafter SegWit, technology as Bitcoin’s future. In a tweet Thursday, Armstrong stated he thought the technology, which has traditionally struggled to find wider community support, can “help the industry move forward.” From learning more about SegWit I think we should activate it. It’s prob the best path forward for bitcoin at this point. https://t.co/oNLSYcf3vn — Brian Armstrong (@brian_armstrong) January 6, 2017 Litecoin on board The comments were made in response to a similar call from Litecoin creator Charlie Lee. Lee described SegWit as “maybe not the full scaling solution you want” but nonetheless doing…
The volatility of Bitcoin is forecasted to reach a similar level as other current fiat currencies by 2019, says a new study by Chappuis Halder & Co. It looked into whether the digital currency’s price can be forecasted like any other asset. Meant to create a model that is able to predict Bitcoin’s price behavior or be able to identify its future values within a confidence interval – as it exists today for other assets – the paper aimed at understanding the behavior of Bitcoin’s price. It gave an overview of its mechanics and that of the Blockchain technology before explaining internal and external factors that seem to influence the asset’s price. The future looks bright The report says: “Bitcoin and…