The former vice president of North American investment banking at JPMorgan Chase has said that blockchain “may be the key to avoiding the next global financial crisis,” the China Economic Times reports today, July 23.
The former vice president of North American investment banking at JPMorgan Chase has said that blockchain “may be the key to avoiding the next global financial crisis,” the China Economic Times reports today, July 23.
Pang Huadong, currently an honorary academic advisor of the Asian Blockchain Institute, said that his experience at JPMorgan during the peak of the 2008 financial crash led him to think that blockchain could be the pivotal technology for establishing transparency and trust in the global economic system: “[When I began to work at JPMorgan in 2007,] 13 people managed [the bank’s] $40+ billion [assets]…. when the 2008 financial crisis was at its worst, [the] average daily loss was $300 million.
It is only gradually that I understood that blockchain technology may be the key to avoiding the next global financial crisis.” Huadong added that while the technology is still “at a very early stage,” its development prospects are “limitless.” He isolated blockchain’s cornerstone innovation –– that of establishing disintermediated and transparent systems –– as having the potential to radically reduce global financial risks and “establish trust mechanisms at the lowest cost.” While the Chinese government’s policy remains tough on decentralized cryptocurrencies, blockchain has been gaining increasing traction with political, academic, and financial sector leaders –– with even the country’s president Xi Jinping openly praising its potential this spring.
Just last week, the official newspaper of China’s Ministry of Science and Technology reported that the country would lead an international research group on the standardization of Internet of Things (IoT) and blockchain technology.
On July 16, the deputy director of China’s IT Ministry urged the country to “unite” forces to foster blockchain as a “core” technology for the new digital economy, and advocated easing institutional constraints in order to optimize the environment for its integration.
The CEO of leading blockchain wallet and technology company Blockchain Ltd, Peter Smith, has said that he expects more institutional investment to flow into the cryptocurrency industry. In an interview with Bloomberg on July 20, 2018, the CEO discusses the immediate outlook for cryptocurrency markets.
The University of Cagliari based in Cagliari, Sardinia, in Italy will soon join a host of other organizations that are implementing blockchain technology to produce digitized certificates. The system is said to be introduced to the graduation session of Computer Science on the 20th July and will, later on, be implemented for all the other […]
The CEO of leading blockchain wallet and technology company Blockchain Ltd, Peter Smith, has said that he expects more institutional investment to flow into the cryptocurrency industry. In an interview with Bloomberg on July 20, 2018, the CEO discusses the immediate outlook for cryptocurrency markets.
Banks and cryptocurrencies have not always been the best of friends, though the former is beginning to loosen up a bit. In the latest development, HSBC’s Global Head of Digital said on July 19, 2018, that the finance heavyweight is taking a ‘”cautious” approach towards cryptocurrencies due to the super volatile nature of digital assets.
South Korea’s Financial Services Commission (FSC) has revealed it is setting up a department dedicated primarily to cryptocurrencies and blockchain. The FSC said the new department – dubbed the Financial Innovation Bureau – will focus on developing policy-making initiatives for the domestic blockchain and fintech industry, The Korea Times reported on Thursday. The decision to set up the
DIRT, a blockchain startup that plans to develop a trusted platform for structured data, has raised $3 million in a seed funding round. The San Francisco-based company said investment firms that participated in the round include General Catalyst, Greylock Partners, Lightspeed Venture Partners, Pantera Capital and others.
DIRT, a blockchain startup that plans to develop a trusted platform for structured data, has raised $3 million in a seed funding round. The San Francisco-based company said investment firms that participated in the round include General Catalyst, Greylock Partners, Lightspeed Venture Partners, Pantera Capital and others.
What’s the best that can happen? That’s the focus of Fetch. ai in the realm of artificial intelligence (AI). Episode 025 of the What Bitcoin Did podcast featured a wide-ranging conversation between host Peter McCormack and Fetch co-founder/CTO Toby Simpson about both best-case and worst-case outcomes for AI.
Scaling has been a heated topic for the bitcoin community for some time. Further, even when a technology does become available, getting people to use it becomes the next big hurdle.
On Thursday night, during a panel discussion on CNBC’s Future’s Now, the experts, including Gabor Gurbacs of VanEck/MVIS, were optimistic on Bitcoin’s ability to attract serious “de-risk” investment in the near future as prices top $7,000 for the first time in a while.
The team at Cardano are desiring to see success in 2018. Their goals include the rollout of a system for smart contracts which could potentially represent multiple improvements for the Ethereum blockchain and if it proves to be successful this could be huge.
It is a proven fact that the blockchain has an impressive 99. 64 percent reliability. However, the same can’t be said of cryptocurrency exchanges. Amidst that backdrop, Sameer Dixit, the Senior Director of Security Consulting at Spirent Communications, has identified some characteristic flaws of crypto exchanges which must be tackled to shield the over $350 billion cryptocurrency industry from more heists.
The Maltese government is gradually building a global market for cryptocurrencies as it continues to assert itself as the world's blockchain island with crypto-friendly regulations.
On 18th July, Vitalik Buterin got together on a podcast with Tyler Cowen. The podcast “Conversations with Tyler” is a learning channel on Apple Music. Buterin spoke about the sheer effectiveness of cryptocurrency, its economics and about the future of blockchain and its applications.
In a direct message, Sherman said “STOP” to Twitter user @TheCryptoDog, who had made several Twitter and Reddit posts about the Congressman’s campaign funding history, which revealed that his main donor had been fined $13.
Ethereum’s Vitalik Buterin has said that blockchain technology and digital currency have at least a few more bigger challenges left until they can finally reach a mainstream appeal.
Buterin sat down the economist Tyler Cowen in a new interview whist explaining that scalability and making it easier for the users are imperative for the success of new technology.
Digital Currency Group’s Barry Silbert is optimistic about bitcoin as an investment. I actually put some money into bitcoin last week,” he said at the Delivering Alpha Conference in New York on Wednesday.
As the world of cryptocurrencies constantly evolves and changes, traditional institutions, such as banks, are trying to keep up with the crowd.
Mastercard was able to receive a patent which allowed users to manage ‘fractional reserves of blockchain currency’.
Sequoia China Leads Another Startup Funding With Nervos' $28 Million Round According to an official statement Blockchain-based startup, Nervos Network has announced the successful completion of its Series A funding round with $28 million said to be the official figures raised by the investors.
Computer manufacturing company HTC says it is on the verge of releasing its upcoming blockchain phone, Exodus, which was first announced in May of 2018. Chief crypto officer at HTC Phil Chen leads the company’s blockchain and cryptocurrency initiatives.
CoinMirror, a Berlin-based startup, is launching the public beta of its platform for ICO investments on the Ethereum mainnet today, July 18, 2018. The platform seeks to provide investment opportunities to investors regardless of available capital.
Consumers might one day be able to charge their purchases on their credit cards using bitcoin as a currency. On Tuesday, Mastercard won a patent to protect a method that would manage “fractional reserves of blockchain currency.
Embleema, a Delaware company, emerged from stealth and launched the public beta of its HIPAA-compliant, personal health records blockchain after one year of research and development, the company said on Tuesday.
Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U.
Kevin O’Leary, a prominent Canadian entrepreneur, the co-founder of O’Leary Funds and SoftKey, and one of the stars of Shark Tank, has said in an interview with CNBC’s Fast Money that Ethereum has taken one step closer to become the next leader in crypto and blockchain, surpassing bitcoin.
Kevin O’Leary, a prominent Canadian entrepreneur, the co-founder of O’Leary Funds and SoftKey, and one of the stars of Shark Tank, has said in an interview with CNBC’s Fast Money that Ethereum has taken one step closer to become the next leader in crypto and blockchain, surpassing bitcoin.
One of the earliest employees at Coinbase and now the top guy at Polychain Capital, Olaf Carlson-Wee, believes that Silicon Valley’s best techies are now moving to the cryptocurrency sphere. Speaking at “The Ledger,” a show on Fortune, he said that tech giants like Google, Facebook, Snapchat, and LinkedIn are being poached of top talent as […]
Top Tech Talents Move to Cryptocurrency Projects Leaving Typical Silicon Valley Perks Behind was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
There are over 600 million Africans living
without electricity despite an abundance of sunshine and hundreds of thousands
of solar projects on the drawing board.
Financial investment association CFA Institute has confirmed cryptocurrency and blockchain will appear in its global finance exams from 2019. ‘This Is Not A Passing Fad’ Speaking to Bloomberg, which describes the move as a possible “definitive sign that cryptocurrencies have arrived on Wall Street,” the examiner said it considers the crypto space as growing faster than any other, being “more durable” in future.
The notoriously difficult Chartered Financial Analyst (CFA) Program exams are about to get that much tougher. Cryptocurrencies and blockchain will be part of a new CFA curriculum section dubbed “Fintech in Investment Management” alongside other topics in emerging financial technology such as artificial intelligence, machine learning and automated trading. CFA exams are said to attract
Prominent Bitcoin and security expert, Andreas Antonopoulos, recently said in a talk presented at the University College Dublin in Ireland, that the success of crypto and blockchain can not be measured by price but must be measured by adoption.
The world-renowned Chartered Financial Analyst (CFA) examination has added cryptocurrency and blockchain to its curriculum, Bloomberg reports today, July 16. According to Bloomberg, CFA said that a “surging interest” across surveys and focus groups was behind its decision.
The deputy director said that comprehensive planning for the creation of a positive institutional and regulatory environment is necessary in order to achieve the “core goal” of securing a “break-through” in blockchain applications on an industrial scale.
Much has been said about blockchain potential to revolutionize the internet and usher in a new age of interconnectedness…
The post Sapien Network’s Vision to Build Web 3.0: A Look at their Roadmap appeared first on Invest In Blockchain.
As a
rapidly growing business sector, e-commerce continues to open up new avenues
for exploring, comparing and purchasing products worldwide. Spl. yt, a smart
contract protocol, aims improve the e-commerce system for buyers and sellers by
automating functions currently performed by “middlemen” marketplaces like
Amazon, eBay and Alibaba.
A self-regulatory organization in Thailand is planning a custom token aimed to speed up corporate bond settlement in the country. The Thailand Bond Market Association (TBMA) said it has received the green light from Thailand’s Securities and Exchange Commission to develop a private blockchain that will be only accessible for parties in the bond market,
Cryptocurrency exchange Huobi UK CCO, Josh Goodbody, reacted strongly to the statement from Vitalik Buterin, co-founder of Ethereum, on decentralized exchanges. Though the exchange is working towards a decentralized solution, the executive found the comment to be “visceral.
During an interview on First on CNBC, Ethereum co-creator Joseph Lubin, the founder, and CEO of blockchain software studio ConsenSys, said that the price drop of ether, the native cryptocurrency of Ethereum, makes sense and that the network itself is in great shape.
The recently launched EOS Network surpassed Ethereum regarding the transaction volume capacity per second. Many critics were of the view that the network could be an Ethereum killer. However, co-founder Joseph Lubin clearly stated, in an interview with CNBC, that his company is focusing on the infrastructure.
The Governor of the Bank of Thailand (BoT), said that the bank is considering blockchain technology for various applications during a speech at the the Bloomberg ASEAN Business Summit on July 12. The central bank’s governor Dr.
This gap exists between people who specialize in conventional legal terms and contracts and those who specialize in the technological programming of the blockchain. “We see ourselves as a cybersecurity company that happens to focus on the cryptocurrency/ blockchain space,” said Sawhney.
When it comes to cryptocurrency, it seems that there are always two sides of the (bit)coin. On the negative side, there’s everything that can go wrong.
The advent of smart contracts has long drawn interest for its potential to revolutionize business agreements. There’s just one problem, and it’s one that has affected many spheres of the cryptocurrency space: a knowledge gap.
The
Bitcoin movement has brought with it a tidal wave of activity in cryptocurrency
investments and trading. As a result, crypto market capitalization soared to an
all-time high of around $820 billion in early January of 2018.
New York realtors looking to avoid hiccups in their commission payouts can now turn to blockchain-based smart contracts. The first real estate commission split was brokered earlier this summer in Manhattan’s ritzy SoHo neighborhood by New York-based Bapple Realty.
The UK head of eToro has revealed how many crypto assets the social trading platform is looking to add and criticized reporting on blockchain technology by mainstream media. In an interview with NewsBTC, he said that the recent bear market has been a ‘blessing in disguise’ for crypto companies.
Sergey Brin, the co-founder of tech giant, Google, and one of the richest people in the world, said on July 8 that he is mining Ethereum’s token, ether. Brin’s Interest in Ethereum Brin, who is also the president of Alphabet, Google’s parent company, made the revelation at the Blockchain Summit held at Sir Richard Branson’s Necker Island.
With an estimated $100 billion value in sunken artifacts in the waters surrounding the Bahamas, deep-sea treasure hunters could soon satiate their thirst for a big bounty through blockchain technology.
The Chinese President is big on CBDCs. Be Open and Accommodating to CBDCs, Says China According to an official statement released by the Ministry of Foreign Affairs of the People’s Republic of China, Chinese President, Xi Jinping, has asked the G20 countries to be receptive to central bank digital currencies (CBDCs).
Chinese Prime Minister Xi Jinping has urged heads of government to take an “open and accommodating” stance toward Central Bank Digital Currencies (CBDCs), as the global economy attempts to recover from the fallout of the COVID-19 pandemic.
China President Xi Jinping bats for an international regulatory framework for digital currency. China Should take a Proactive Approach In an official statement released on October 31 titled ‘Issues on National Medium and Long-Term Social and Economic Strategies,’ Chinese President called for the Asian powerhouse to actively partake in creating a global regulatory framework forRead MoreRead More.
On Wednesday, Bitcoin logged a supersonic bull run, hitting $13,000 for the first time in 15 months. The rally started after PayPal announced its foray into the cryptocurrency sector, leading analysts to believe that the $138 billion global payments firm drove the latest Bitcoin adoption.
China has passed the country’s long-awaited civil code which expands the scope of inheritance rights to include cryptocurrency, such as bitcoin. Inherited cryptocurrencies will be protected under the new law.
