Reports suggest that Hong Kong’s securities watchdog has come up with new plans to regulate cryptocurrency funds and exchanges. While it is known for being crypto-friendly, Hong Kong is still not satisfied with the amount of protection that its crypto users currently enjoy. As a result of this, the Securities and Futures Commission (SFC) announced plans…
BlackRock, the world’s largest asset management firm, will not be offering a cryptocurrency exchange traded fund (ETF) until the markets are further legitimized. Despite the asset management firm’s CEO, Larry Fink, being bullish on blockchain technology, he still has reservations regarding cryptocurrency. Fink’s comments regarding the cryptocurrency markets came about during the New York Times Dealbook Conference…
On October 29, Benedict Evans, a leading venture capital investor at one of the world’s largest VC firms, Andreessen Horowitz, tweeted about the current state of cryptocurrency, likening it to that of the internet in the 1990’s. His bullish comments on crypto signal a larger trend of traditional investors increasing their openness to the nascent…
Bitcoin, the original cryptocurrency, has had a tough year, and is presently resting on its $6,200 support level as it celebrates its 10th birthday. Despite having a fundamentally successful year filled with countless examples of increasing adoption, the markets are still weak, and have been unable to break through their September highs. At the time…
While China is known for its rather unfriendly stance toward cryptocurrencies, the situation is significantly better when it comes to blockchain technology. Numerous companies, influential individuals, and even the country itself recognize that this is the technology of the future. As such, they are very supportive of it and eager to expand it further and…
SC Johnson, a U.S.-based manufacturer of household cleaning supplies, has partnered with Plastic Bank to help increase recycling rates and tackle poverty in Indonesia. The non-profit uses a cryptocurrency token system to pay people for handing over recyclable plastic in order to address the global crisis of ocean plastic. Plastic Bank Fights Pollution and Poverty with…
Prompted by the surge in demand for auditing services of crypto firms, traditional accountancy companies are being forced to hire blockchain specialists. The likes of EY, PwC, and KPMG now have several clients from either the blockchain or digital currency space that want their business practices approved by established names. Demand Grows for Digital Currency…
ICON’s initiatives to connect South Korea in its blockchain-powered ecosystem are gaining momentum. Recently, at the Blockchain International Digital Festival, which was hosted by the Seoul Metropolitan Government, ICON demonstrated the three main components of its blockchain ecosystem for the residents of Seoul – ICON Blockchain Identification Card, ICON Blockchain Vote, and ICON Blockchain S-Coin…
The president of Fidelity Digital Asset Services has spoken about the company’s plans in an interview, such as the decision not to launch an in-house exchange, how it intends to attract more institutional investors, and why it’s crypto offering is focused on custody and trade execution. Crypto Paired with More Traditional Financial Models In his…
Indonesian firm Blossom Finance has announced plans to launch blockchain-based sukuk, Islamic bonds, to fund microfinance projects in the Muslim-majority country. Blossom Finance’s “Smart Sukuk” to Automate Issuance of Islamic Bonds The project, to roll out in the coming months, involves using distributed ledger technology to keep issuance costs low while attracting a large pool of retail investors,…