Top Companies Globally Poured $6B Investment Into Crypto And Blockchain Firms
The emergence of cryptocurrency and its technology has created a robust and attractive force over the past few years. With the high possibility of blockchain technology, a lot of the world’s giant companies have shown their interest. This is due to the enormous advantages and applications that come through the innovative technology of blockchain. Also, […]
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A group of 21 financial investment companies and five blockchain technology firms have signed a memorandum-of-understanding (MoU) to develop distributed ledger solutions as a blockchain consortium. Announced yesterday, the blockchain consortium is led by the Korea Financial Investment Association and sees a number of financial institutions and Fintech firms collaborate to form a blockchain think tank for the Korean capital market. According to Business Korea, the IT Committee of the association will be sharing its blockchain case studies and results of its technical research with the....
A senior Bank of England official has poured scorn on the outlook of blockchain technology revolutionizing the landscape while seeing sweeping adoption, stating that it won’t happen anytime soon. Andrew Hauser, executive director for Banking, Payments and Financial Resilience at the Bank of England (BOE) does not believe that blockchain is going big anytime soon, despite the ever-present interest and investment being poured into researching and developing blockchain applications from companies across a variety of industries. Hauser delivered a speech [PDF] at the Crest Twentieth....
Investment in financial-technology companies grew by 201% globally in 2014, according to a new report from Accenture. The consultancy firm named blockchain technology to be one of the keys that legacy banks need to “reimagine” themselves in order to keep up with innovation. Investment in financial-technology (fintech) companies grew by 201% globally in 2014, compared to 63% growth in overall venture-capital investments, according to a new report from the consultancy firm Accenture titled The Future of Fintech and Banking: Digitally Disrupted or Reimagined. Global investment in fintech....
Companies that have made big Bitcoin investments have performed 3X better on average. Wall Street banking giant Goldman Sachs has identified an emerging cluster of crypto-related stocks that are performing much better than the index itself.In a note to investors on Tuesday, April 27, analysts at the investment bank highlighted 19 U.S. stocks that had a market capitalization of more than $1 billion and close ties to the cryptocurrency and blockchain industry.Goldman’s investment gurus stated that many of these stocks have “dramatically outperformed” the broader stock market, with the firms....
Imagine, for a moment, you were a new member of China's growing middle class, and looking to invest your savings. You'll soon discover that without political connections, your investment opportunities are limited to a filtered selection of domestic companies; lucrative companies are listed elsewhere, and only available to foreigners, state officials, and their friends. If that's the case, Cryptor Trust might be just the opportunity for you. Cryptor Trust is not the first investment vehicle in the Bitcoin space. The Winklevoss have discussed plans to involve mainstream investors for some....