Cointelegraph reported that according to Bank of America, the blockchain market can hit $7 billion in market size, helping major companies such as Microsoft and Amazon boost their businesses. The estimation was offered by Bank of America analysts, who suggested that the $7 billion figure is a viable "figure" in the near future, if around…
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Stablecoins are created by governments to decrease the volatility of regular cryptocurrencies by pegging the value of digital coins to either fiat currencies, some commodity such as gold or other cryptocurrencies. There are several kinds of stablecoins, including those directed towards the private sector, called retail ones and those for the state, called wholesale. One…
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When it comes to cryptocurrencies, nothing seems impossible any more, especially considering the dominance of blockchain in almost all sectors of human society. Now, a Swiss startup is aiming to create the first fiat-crypto bank, combining the best of both "worlds". Founded and led by ex-UBS financiers, SEBA Crypto AG has raised around $100 million…
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The 12th Summer Davos gathered over 2,500 participants from 111 countries in Tianjin, to discuss multiple perspectives in building innovative societies in the Fourth Industrial Revolution. Blockchain powerhouse Xunlei’s chief executive Chen Lei was invited to attend the closing panel to address this subject: How to use emerging technologies to form business and benefit everyone.…
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Point72 Asset Management is undoubtedly one of the world's most successful hedge funds, founded by Steven Cohen. With assets under management at around $12.4 billion (2018), working at the prestigious hedge fund is a rare privilege. Now, one of its former portfolio managers, Travis Kling, is running his own cryptocurrency hedge fund called Ikigai Asset…
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Walmart is implementing IBM's blockchain as part of their new food traceability program that has to do with food safety on all levels in the supply chain. The ultimate goal is to track the path of the food from the farm to the shelves in the store. In this way, Walmart will be able to…
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Huobi Group, the global blockchain asset financial service provider, has announced its plan to expand into Indonesia. The new exchange will list 123 tokens and incorporate a two-factor authentication (2FA) to help secure each digital asset. The Huobi Indonesia Digital Currency Exchange is built on Huobi Cloud platform and will cover Indonesia, while serving the…
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Digital Asset Custody Company (DACC), a custody solution, purpose-built for institutional investors holding digital assets, has announced that it is able to provide custody support for Zcash, a cryptocurrency designed to enhance privacy in financial services. DACC is also the first third-party custody solution to support Horizen (formerly ZenCash), a token that allows users to…
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RISE makes headlines as the largest tech conference in Asia, attended by the world’s leading companies, news media, investors and startups. Blockchain and cloud company Xunlei’s CEO, Lei Chen, spoke at the RISE tech conference in July in Hong Kong about the future of Sino-US technological innovation and blockchain technology. RISE this year is expected…
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The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) have announced a collaboration to develop Delivery versus Payment (DvP) capabilities for settlement of tokenised assets across different blockchain platforms. This will allow financial institutions and corporate investors to carry out simultaneous exchange and final settlement of tokenised digital currencies and securities assets, improving operational…
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