Charles Hoskinson, the co-creator of both Cardano (ADA) and Ethereum (ETH), had a humbling Friday in New York City. The journeyman traveler, who commonly documents his trips around the world on social media, was all set to go live for an interview with Yahoo Finance, as part of a larger NYC media tour. However, Hoskinson […]
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IHS Markit report: finance industry blockchain sector to hit $462 billion by 2030
London, UK-based business information provider IHS Markit announced in a press release it sent to CoinReport the finding of its report, “Blockchain in Finance,” saying the value of blockchain in the global financial sector is estimated to reach $ 462 billion by 2030, thanks to the projected increase …
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The Finance Prof. Who Says Bitcoin’s Going to ‘Bite The Dust’ Is Wrong
By CCN.com: Kevin Dowd is a Professor of Finance and Economics in the Business School at Durham University, Northeast England, and the co-author of the 2015 paper “Bitcoin Will Bite the Dust,” along with market analyst and author, Martin Hutchinson, for the libertarian Cato Institute in Washington DC. CoinDesk published an op-ed by Dowd Monday,
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Thai Finance Ministry Awards Licenses to 4 Crypto Firms, Rejects 2
Thailand’s Ministry of Finance has granted digital asset business licenses to four crypto firms, while rejecting two others.
CoinDesk
European Finance Regulators Call for Bloc-Wide Crypto Rules
Two top European finance regulators, the EBA and the ESMA, have separately said today that cryptocurrency and ICO rules are needed at the EU level.
CoinDesk
Venezuela Wants to Use Petro to Finance Large Housing Program
Completing a project to build 3 million homes for its suffering population is the next big initiative Venezuela wants to finance with its digital currency, the petro. The socialist government in Caracas says there is enough money and materials to fulfill the main objective of the “Great Housing Mission.”
Also read: Crypto-Friendly Statesman Takes Over Swiss Presidency
Minister Urges Construction Companies to Accept Petro
The Venezuelan Ministry of Housing is now joining forces with other government institutions to revive a state-sponsored program focused on the building of new apartment blocks for the masses. The leftist administration of President Maduro hopes to boost Gran Misión Vivienda Venezuela (GMVV) using the oil-backed national cryptocurrency, the petro.
Chinese Bank Giants Tap Blockchain in Trade Finance Efficiency Boost
The China Banking Association, the country’s self-regulatory organization for the banking sector, has launched a new blockchain-based platform for trade finance.
CoinDesk
Stock Market Will Have ‘Good Year’ in 2019: Wharton Finance Prof.
While the US stock market continues to struggle as a result of various institutional and political forces, Jeremy Siegel, professor of Finance at the University of Pennsylvania’s Wharton School of Business, remains optimistic about the state of the market in 2019. Speaking in an interview on CNBC’s Squawk on the Street, Siegel predicted that equity
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No Investment Strategies Are Worse Than Cryptocurrencies – Professor of Finance
Hopeful about the recent surge in bitcoin price? Expectant about the entrance of Bakkt and the possibility of 2019 being the year of (real) institutional investment? Then don’t read this article. According to these experts, economists, finance professors, miners, and developers, Bitcoin is on its way out – and will soon be as redundant as
The post No Investment Strategies Are Worse Than Cryptocurrencies – Professor of Finance appeared first on CCN
Korea Institute of Finance Director: Crypto Custody is Key in Rapid Growth
Gong-pil Choi, the director of the Korea Institute of Finance, said that custody in crypto is crucial in eliminating hacking fears and facilitating the growth of the market. The Korea Institute of Finance, an agency that works with the government to research and evaluate financial policies to bolster the country’s financial sector, has emphasized that
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‘Worthless’ Bitcoin Has Entered Death Spiral: Finance Professor
Earlier this year, with the bitcoin price trading around $ 7,000, Santa Clara University Professor of Finance Atulya Sarin published an opinion piece arguing that the rising cost of crypto mining, coupled with the ability for bearish investors to short bitcoin in the futures markets, could spell doom for the flagship cryptocurrency. Now, following a further
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ISIS Recruit who Used Bitcoin to Finance Terror Group Could get 20 Years in Jail
A Pakistani-American woman who bought bitcoin and other cryptocurrencies using fraudulently obtained credit cards before wiring the funds to ISIS has pled guilty to charges of offering financial support to a terrorist organization. According to court filings, Zoobia Shahnaz made a couple of wire transactions last year to fronts for the Islamic terror outfit ISIS
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Malaysia’s Finance Minister: Crypto Regulation to be Enforced in Q1 2019
Malaysian Finance Minister Lim Guan Eng has revealed that a new set of comprehensive regulations guiding the activities of crypto exchanges and ICOs will come into effect in Q1 2019. Speaking in Kuala Lumpur on Wednesday at the FinTech Conference 2018 organised by Malaysia’s Securities Commission, he revealed that the new regulations are part of
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The New Blockchain Finance Sector — 3 Companies That Will Find Their Niche
Blockchain will be just way superior to traditional business models in just about every industry sector.
Ok, I say ‘will be’ because blockchain and cryptocurrency are still in their infancy and there is a little way to go before businesses start leaping onto the blockchain wholesale.
It has taken time for blockchain startups to get financed (ICOs) and to build their tech. Also, no one is sure just how regulation will play out so big Wall Street investment is still on the sidelines looking in.
One thing is for sure though, replacement of existing business models with blockchain will happen sooner rather than later.
In Switzerland, Crypto Finance AG Obtains First Ever Cryptocurrency Asset Management License
In what is a first for Switzerland, Crypto Fund, a subsidiary of Crypto Finance AG, recently obtained a cryptocurrency asset management from the country’s Financial Market Supervisory Authority (FINMA). The company becomes the first to be authorized to provide full spectrum services to institutional investors regarding blockchain-based assets.
FINMA Grants Crypto Fund Full Cryptocurrency Asset Management License
According to Bloomberg, the license puts Crypto Finance AG in the same bracket as other non-cryptocurrency asset management firms in the country. Commenting on the development, company CEO, Jan Brzezek, said:
Thailand Studies Blockchain for Applications in Intellectual Property, Trade Finance
Two feasibility studies on blockchain technology have been launched by Thailand’s Ministry of Commerce. The studies, which will focus on exploring the use of blockchain technology in trade finance and the registration of intellectual property, are expected to be completed in February 2019, per the Bangkok Post. According to Pimchanok Vonkorpon, the director of Thailand’s
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New global finance platform to offer small firm loans of up to €1m in as little as 24 hrs.
Lithuania-based startup Debitum Network has launched a worldwide finance platform, known as Abra 1.0, that will deliver loans of between 10,000 euro and 1 million euro to small businesses in as little as 24 hours, according to a press release CoinReport received from Blue Oceans PR, Debitum’s commun…
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2 Blockchain Finance Companies Set To Rocket In 2019!
The crypto space takes off in 2019!
There are many reasons how this could happen including the granting of a Bitcoin ETF, fuller regulation, which will encourage big institutions to invest, and also the fact that a lot of the new crypto start-ups will have their platforms/mainnets going live from the beginning of next year and will start to offer real world usage and the huge advantages that blockchain offers over traditional business models.
Continue reading 2 Blockchain Finance Companies Set To Rocket In 2019! at Crypto Daily™.
Cryptocurrency Could Solve Zimbabwe’s Cash Shortages: Finance Minister
Less than a fortnight since his appointment as Zimbabwe’s finance minister, the new treasury boss is potentially placing himself on a collision path with the country’s central bank with his pro-cryptocurrency stance. According to Mthuli Ncube, Zimbabwe’s newly minted Minister of Finance, cryptocurrencies could assist the southern Africa country to solve the cash crunch that
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$1 Trillion Boost In Trade Finance Via Blockchain: World Economic Forum
Blockchain can transform the supply chain.
By using blockchain, small- and medium-size businesses (SMEs) around the world can obtain $ 1 trillion in trade financing, according to Sept. 13 whitepaper by World Economic Forum and consulting firm Bain & Co. The technology can be especially important in providing capital and improving efficiency in emerging countries — which often lack banking infrastructure and digital processes.
The authors of “Trade Tech – A New Age for Trade and Supply Chain Finance” point to red tape and excessive documentation as stifling international trade, especially in regions like Asia and Africa.
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