Monday, November 11, 2024
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Breaking News

SME Lender iwoca Secures New £200m Funding Led by Citi – Increasing Investment in the Business to Almost £1.5bn Akuna Wallet Unlocks the Digital Economy for African Creatives Magic Labs Unveils Newton, the First Chain Unification Network, Connecting Leading Wallet Solutions to the AggLayer Tencent Leverages Cutting-Edge Technology and Partnerships to Lead a New Era of FinTech Innovation Centralis Group Continues Its Planned Growth Strategy, Acquiring the Business of Admina Fund Services Ozean Partners With HELIX to Bring $100M of Private Credit On-Chain Ebury Expands Its Presence in International Football With C.D. Leganés Sponsorship Isle of Man Launches Sustainable Finance Roadmap to Establish Leading Position in Green Finance Higlobe Partners with Bitso Business to Provide Freelancers  And Small Businesses with New Crypto Payment and  Investment Options Through the Bitso Platform TD Integrates With TouchBistro to Provide Payment Solution to Canadian Restaurant Owners Caruso and Fidel API Renew Partnership to Enhance Consumer Experience With Innovative Card-Linked Offers Wealth Management Firms Expected to More Than Double AI Budgets: Wipro Survey Kemba Credit Union Launches Alkami’s Digital Banking Platform for Retail and Business Members Groov Secures £1.5m to Pioneer Next-gen Embedded Lending Solution to Solve the $1.2trn Funding Gap in the Global SME Sector Nine in Ten Businesses Think Sustainability Will Impact Their Future Operations, but Many Don’t Yet Have Targets to Aim For

Will there be a Bitcoin Split? What does this mean? eToro Comment

Iqbal Gandham, UK Managing Director at eToro, on the possible Bitcoin split, comments:

“The surge in pricing we’ve seen since the start of this year has thrown digital cryptocurrencies into the public eye. Bitcoin in particular has been making headlines, as the possibility of it one day becoming a real world currency used throughout the world looks increasingly likely, even if this is a long way off.

“But Bitcoin’s sharp increase in popularity has also risked its demise. Demand for Bitcoin has been so high in recent months, that those creating the cryptocurrency can’t keep up, slowing transactions. For Bitcoin to continue to scale and have the potential to become a globally used currency, this slowdown in transactions has to be addressed.

“Although the Bitcoin community has now agreed on a process for speeding up transactions – the mystic sounding Segwit – not everyone is happy. Some in the community are threatening a split to create an entirely new cryptocurrency created using a different process, called Bitcoin Cash. Nobody can be sure how this is going to play out over the short term.

”Over the long term, regardless of the outcome, it’s clear that blockchain technology can completely remake the world of money, and that in the future, a blockchain powered cryptocurrency, like Bitcoin, will be used by billions of people. This makes for a huge investment opportunity, but naturally one that comes with a few bumps in the road.”

  1. SME Lender iwoca Secures New £200m Funding Led by Citi – Increasing Investment in the Business to Almost £1.5bn Read more
  2. Akuna Wallet Unlocks the Digital Economy for African Creatives Read more
  3. Magic Labs Unveils Newton, the First Chain Unification Network, Connecting Leading Wallet Solutions to the AggLayer Read more
  4. Tencent Leverages Cutting-Edge Technology and Partnerships to Lead a New Era of FinTech Innovation Read more
  5. Centralis Group Continues Its Planned Growth Strategy, Acquiring the Business of Admina Fund Services Read more
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