Pivoting from direct token sales, Harbor partners with real estate firm to tokenize $100 million in assets
Harbor, a startup that made headlines in April when its $20 million token sale fell through, is now helping other companies tokenize their securities.
Alibaba Files US Patent for Blockchain Domain Name Management System
Chinese online retail giant Alibaba has applied for a United States patent entitled “Domain Name Management Scheme for Cross-Chain Interactions in Blockchain Systems.”
New technologies to impact financial institution workers; 400,000 could lose jobs by 2030, report claims
Although the capital markets workforce saw staff increases in the first part of the decade, the sector may see serious layoffs due to the adoption of new technologies, management consultancy Opimas writes.
Square Earnings: Cash App Volume Soars
The bar was high going into Square's (NYSE: SQ) first-quarter earnings report on Wednesday afternoon. The financial-technology company has seen impressive growth over the past year -- both in its underlying business and its stock price. In addition, management has provided an optimistic outlook for continued momentum throughout 2019.
US Gov’t Blockchain Spending Expected to Increase 1,000% Between 2017-2022
The United States federal government is expected to raise its blockchain spending to $123.5 million by 2022 — an over 1,000% increase as compared with the $10.7 million it spent in 2017. The forecast was made in a report from IDC Government Insights, published on April 18.
Survey Ranks South Africa Top for Cryptocurrency Ownership
South Africa has been ranked as the top country for ownership of cryptocurrency, according to a global survey by social media management company Hootsuite and global agency Wearesocial.
Bakkt makes another series of hires ahead of launch
Bakkt, a cryptocurrency platform run by Intercontinental Exchange, continues targeting the minds of top financial institutions, recruiting two new directors, The Block has learned.
Crypto Firms Merge to Build Software for Institutional Investors
Two crypto firms are merging in a bid to make crypto-asset management easier for institutional players.
UK Telecom Regulator Wins Grant to Study Blockchain
The U.K. is sponsoring research into organizing and managing phone numbers by the national telecom regulator.
Asset Management Firm Northern Trust to Start Crypto Custody Business
Northern Trust Corp., a leading global asset management firm with $954 billion in total assets under management, is planning to start a custody service for digital assets, Bloomberg reported July 31.
Hedge Fund Managers Pounce on Bitcoin Volatility
Sophisticated hedge fund traders are drawn to speculation, as evidenced by a more than a twofold increase in the number of crypto-driven hedge funds in recent months.