Should you let an AI algorithm make a $100 mln call on your behalf? That’s a concept that several hedge funds have been tackling for a few years. As artificial intelligence continues to prove its efficiency in an increasing number of fields, many investment firms, nascent and old, are starting to...
The small but economically vital Catalonia region of Spain has declared its independence, but Madrid vows to keep the region a part of Spain. While governments and thought leaders around the world line up behind opposing sides, the would-be independent government is looking to use a national cryptocurrency and a Blockchain-based residency system. According...
On Oct. 25, Hong Kong and Singapore announced that they are going to cooperate on a cross-border trade project based on Blockchain technology by linking their trade finance platforms. The announcement from Hong Kong Monetary Authority reads: “The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore (MAS) signed and exchanged...
Steve Wozniak (aka the ‘Woz’) thinks Bitcoin is better than gold and the U.S. dollar, which he called “phony,” because the government can always print more. On Sunday, October 22, 2017, the co-founder of Apple Computers shared his thoughts on cryptocurrencies and blockchain technologies at Money20/20 in Las Vegas where...
U.K. startups working with distributed ledger technology are having problems accessing traditional banking services, according to a report issued last week by the U.K. Financial Conduct Authority. The financial regulator, which runs a regulatory sandbox to allow new types of companies to test "innovative products, services and business models in...
Technology firm Microsoft chief executive officer (CEO) Satya Nadella has issued a challenge to the interbank messaging service Swift to develop ‘useful’ applications of Blockchain technology. Nadella issued the challenge during the last day of the three-day Sibos 2017 annual financial conference, which was hosted by Swift. When asked onstage by Swift CEO Gottfried Leibbrandt...
A blockchain startup focused on know-your-customer (KYC) solutions has raised $1.6 million in a new seed funding round. Norbloc's round was led by Marathon Venture Capital, a VC firm based in Greece that launched in March. Other participants in the round include Digital Currency Group, Inbox Capital, Back in Black, as well...
The U.S. agency that oversees foreign affairs is looking seriously at blockchain. That's according to John Sullivan, U.S. Deputy Secretary of State, who encouraged the State Department and its private sector partners to embrace the technology as a way to "advance diplomacy and development objectives" at the [email protected] forum held Tuesday in Washington, D.C. Speaking to...
Not everyone has the means to open a personal or business bank account but practically, everyone needs to make transactions that involve money. In fact, World Bank Global Findexindicates that two billion individuals have no access to bank accounts. In the US alone, 7% of households are unbanked according to...
Tezos, being one of the largest and most popular crowdsales in 2017 that has raised over US$230million, is a new turing-complete smart contract platform like Ethereum. Vincent Bernardoff, a core developer from France, came to Hong Kong on 30 Sep to speak more about Tezos’ latest development and potential...