Financial Services Firm Opens Doors to Crypto Hedge Funds The crypto industry has received another boost with the entry of financial services giant Northern Trust in a quiet but significant move. The firm, which manages over $10.7 trillion in assets, has added blockchain features into its private equity workflow, while extending its administration services to
A “Good Start”: U.S. Introduces Office of Innovation and Sandbox for Fintech Fintech businesses struggling to stay inbounds of government rules may soon receive a dose of much-needed guidance via the Consumer Financial Protection Bureau (CFPB). Through its newly-created Office of Innovation, agency leadership intends to develop a regulatory framework designed to open the spigot
U.S. Investors See Bitcoin as “Risky,” Opt for “Security Over Growth” Figures from a recent poll indicate that bitcoin and cryptocurrency are still viewed with suspicion by most U.S. investors, with only 2 percent of them holding bitcoin and another 75 percent of them describing bitcoin as “very risky.” Conducted by Gallup and Wells Fargo,
Queensland Backs Cryptocurrency Point-of-Sale Project for Tourism The Queensland government in Australia is backing a cryptocurrency point-of-sale system that officials believe will help boost tourism throughout the area. Thus far, they have given over $8 million in Australian dollars ($6 million USD) to roughly 70 different companies that will work to inspire innovation and create
[promoted] GXChain and the Blockchain Data Economy Imagine a new digital economy, one that allows everyday people to take full control of their personal data. Complete with a public chain for data transactions and application development, this system would foster a trustworthy, domain-wide data exchange that capitalizes on the torrent of advancements taking place through
Behlendorf: Google Can Benefit From “High-Velocity Development on Fabric” Google is the latest tech giant to offer blockchain technology to its customers. The company announced that it would be introducing open-source integrations for applications built with both Ethereum and Hyperledger later this year through its Google Cloud Product marketplace. Speaking with Bitcoin Magazine, executive director
More Than a Ledger: How Blockchains Will Democratize Wealth To Mark Pascall, co-founder of BlockchainLabs New Zealand (NZ) and president of the Blockchain Association NZ, the blockchain space is more than just a new technology layer, it’s a “fundamentally different way for organizations and societies to operate.” It represents a historical reversal of the movement
Op Ed: Is Green Crypto (Necessarily) an Oxymoron? Cryptocurrencies are not exactly bathed in the light of righteousness right now when it comes to the environment. Despite not having a physical form, they are ultimately responsible for a substantial amount of environmental impact. This has stemmed from news stories detailing how, in Iceland, more electricity
Bodhi Bets on the Decentralized Prediction Marketplace As with brick-and-mortar industries that are slowly fading away to the globalism of the online world, so too will the traditional prediction market industry have to innovate to keep up with the sheer efficiency, reliability and security that the decentralized prediction markets promise to bring. Augur (REP) has
How Blockchain Promotes International Trade, Identity and Financial Inclusion International trade, people without identity and financial exclusion are global development areas that stand to be radically improved with blockchain technology, according to Michelle Chivunga, regional advisor for the British Blockchain Association. “I’m quite keen to help people in understanding what the potential of blockchain is,”
