Find out who the major players are and why they've got everyone excited. Meet FinTech, 2015's darling of the startup world: a new breed of business built on the passion and ingenuity of Silicon Valley, with the financial savvy and banking focus of Wall Street. FinTech, a combination of the words "financial technology," is the biggest story in startup growth in 2015. While the term has been around for several years, it seems that 2015 is really the year that this fledgling offshoot of the larger banking industry has finally come into its own. But what is FinTech, and how does it impact you?
NEW YORK, NY / ACCESSWIRE / January 27, 2017 / The Technology sector was the largest gainer in the S&P 500 Index in 2016 and that rally has continued into 2017. The tech-focused Nasdaq Composite Index has risen approximately 5.05 percent year-to-date, compared to a gain of 1.71 percent for the Dow Jones Industrial Average. The S&P 500 Index has gained 2.58 percent in 2017, with the S&P 500 Information Technology Sector up 5.5 percent. "The tech rally is firmly in place," said Tim Bajarin, principal analyst with Campbell-based Creative Strategies, a market researcher that tracks the technology sector. "Wall Street is coming to grips about how technology impacts every aspect of our lives and is critical to the success of business."
There's a towering inflatable rat on Wall Street and it's found a temporary home in front of a branch of the world's most powerful bank. Claws out, fangs fierce, the art piece installed Tuesday is an homage to the giant rats inflated by union protesters as a way to point a finger at companies for mistreating employees. But this latest rat has been updated for modern times. Instead of a dull brown, it's covered in colorful code and math equations in an ode to bitcoin. The massive art piece was just installed as a sort of "protest" designed to get viewers to think critically about the state of economics and money management.
Financial Service Executives See Blockchain & AI as'Hugely Important' Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction. The majority of financial service executives believe blockchain technology will be hugely important to their industry over the next 10 years, according to a survey sponsored by Synechron, a global and technology consultancy based in New York, N.Y. The TABB Group conducted the survey on behalf of Synechron, and it included 92 banking and capital markets institutions. The survey queried executives directly involved with technology decisions about the potential of blockchain technology and artificial intelligence.
This research aims to identify how Bitcoin-related news publications and online discourse are expressed in Bitcoin exchange movements of price and volume. Being inherently digital, all Bitcoin-related fundamental data (from exchanges, as well as transactional data directly from the blockchain) is available online, something that is not true for traditional businesses or currencies traded on exchanges. This makes Bitcoin an interesting subject for such research, as it enables the mapping of sentiment to fundamental events that might otherwise be inaccessible. Furthermore, Bitcoin discussion largely takes place on online forums and chat channels. In stock trading, the value of sentiment data in trading decisions has been demonstrated numerous times   , and this research aims to determine whether there is value in such data for Bitcoin trading models. To achieve this, data over the year 2015 has been collected from Bitcointalk.org, (the biggest Bitcoin forum in post volume), established news sources such as Bloomberg and the Wall Street Journal, the complete /r/btc and /r/Bitcoin subreddits, and the bitcoin-otc and bitcoin-dev IRC channels. By analyzing this data on sentiment and volume, we find weak to moderate correlations between forum, news, and Reddit sentiment and movements in price and volume from 1 to 5 days after the sentiment was expressed. A Granger causality test confirms the predictive causality of the sentiment on the daily percentage price and volume movements, and at the same time underscores the predictive causality of market movements on sentiment expressions in online communities