Brexit Blues: Why Dublin is Turning Into a Haven for Blockchain
In the wake of Brexit, the Republic of Ireland could become the go-to European hub for FinTech companies, and among them, its many specialists in blockchain technology. Following the UK's leave vote, Dublin was found to be the second most attractive financial center in Europe by a PwC survey – and although London still topped the poll, uncertainty over the terms of Britain's exit from Europe make the Irish challenger more appealing by the day. Besides a specialization in financial services, Ireland is already the European outpost for many of the most influential tech companies in the world....
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Services giant Deloitte, one of the so-called ‘Big Four” accounting firms in the world has officially opened a new blockchain lab in Dublin, established to cater the clients in Europe and the Middle East. Announced yesterday, the new EMEA (Europe, the Middle East, Africa) blockchain lab is based in Dublin’s “Silicon Docks” district, a neighborhood that is home to a number of technology and Fintech startups as well as industry giants like Google and Facebook. The firm’s existing blockchain team of 25 developers and designers based at Deloitte Ireland HQ in Dublin will move to the new....
After the Halving and the Brexit Bitcoin remained stable. On the other hand, the pound sterling has been experiencing high levels of volatility. The much anticipated Halving (Reduction in half of the reward given to bitcoin miners) and the Brexit (the exit of the UK from the European Union) are two important events that happened in the middle of this year. Both events brought a lot of speculations, and if we take a look at the behavior of both currencies after these two events, we will note that after the Halving and the Brexit Bitcoin remained stable. On the other hand, the pound sterling....
Following Brexit, the digital currency is expected to rise and cross the $700 mark soon and maybe even touch $800. The value of Bitcoin has shown a significant increase from what it was a couple of days ago, following the Brexit Results. The digital currency, which was exhibiting healthy gains in the past few weeks registered a significant drop during the last weekend, only to get back on its feet after the Brexit results. Bitcoin is being increasingly referred to as a safe haven asset, along the same lines as gold. Both gold and bitcoin are financial instruments, but unlike other....
The race is on between European cities including Frankfurt, Dublin and Paris for London's finance crown following the Brexit vote. Just a day after the vote result was announced last week, Ireland's foreign investment agency had already contacted more than a thousand investors letting them know the Emerald Isle is part of the European Union and will remain so, while offering assistance in moving staff over from the United Kingdom. Although this is all very premature as Article 50 is yet to be triggered and when it is, there will be up to two years of negotiations, these other major....
There has been a lot of talk about investors looking to Bitcoin as a safe haven for their investment portfolio. Safe haven markets are very small and hard to get into. Bitcoin may not fit that bill as perfectly as some people think it does. Now that the Brexit doom scenario has happened, there is a lot of uncertainty across the markets. Gold is surging,....