ATM use is in decline. As technology sends transaction costs towards zero, banks will no longer be able to charge exorbitant fees for standardised, commoditised services. Growth will have to come from elsewhere. This is a sign of things to come for Aussie banks.
It seems the Aussie government is finally warming to bitcoin. Depending on your point of view, that could be a bullish sign. Or it might mean it’s time to get out and run for the hills.
Equifax led itself like a lamb to slaughter. Two major security breaches, millions of peoples’ details leaked, insider trading, an FBI investigation, they’ve got it all. A big, fat, juicy scandal. Clearly companies like Equifax can’t be trusted with our data. Fortunately the future may have the solution; the blockchain.
Yesterday, the Commonwealth Bank announced plans to sell off its life insurance business to AIA, as well as the intention to sell of part of its wealth management business. So why now? Why the urgency?
This morning G8 Education Ltd [ASX:GEM], a listed early childcare provider, climbed 3.2% to $3.89 per share. What happened to G8 Education share price?
If gold price breaks through US$1,370 it could indicate the start of a new long term uptrend. And this is why it’s rising. The real story behind gold’s rise — and the biggest financial story you’ve never heard of this year — is the declining US dollar.
Analysts are now pessimistic for bitcoin’s future in China. The Chinese government’s views on digital tokens has escalated quickly. They want to ensure financial stability within their market, and they see cryptocurrencies as a market distributor.
Bitcoin should always be discussed first and foremost as a currency. The end-game isn’t seeing one bitcoin worth half a million dollars. The goal is to make those half a million dollars seem as alien to the everyday consumer as one bitcoin is today.
If oil prices go above US$60 and stay there, the flow on effects of higher prices and higher wages increases the rate of inflation. If this effect is large enough the RBA will have to increase rates to keep a lid on inflation.
It all started with China. Bitcoin is now down 46.1% for the month of September. The most recent decline comes after one of China’s biggest crypto exchanges said it would shut down its operations.