management
Italian Town Spearheads Blockchain-Propelled Waste Management
Miglianico, an Italian town in the Abruzzo region, is famous for its wine production based on its expansive vineyards. The city is planning to establish a new blockchain breakthrough by being the first town in the country to incorporate distributed digital ledger technology for its waste management solutions.
How Does Blockchain Enhance Traditional Project Management?
Projects are very different from every other type of activity; they have a definite beginning, ending and time frame. They are created or initiated to fulfill a specific objective, which after fulfilling they cease to exist. But did you know that 7 out of ten projects overrun their deadlines? How can blockchain enhance the process of project management?
Blockchain as a Solution for Data Management in Clinical Trials
Applying blockchain technology to clinical trials can help resolve one of the industry's biggest weaknesses: Poor data management. Learn how blockchain's immutability trait can become a trial investigator's best asset.
Chinese Military Likely to Employ Blockchain Management to Improve Performance
A report on Nov. 18 from the Chinese media Global Times, has stated that the Chinese military is likely to adopt blockchain technology to ensure proper management of personnel data, improve their training and performance in mission.
How Blockchain is Prompting Innovations in Waste Management
Blockchain can come in handy in the realization of efficient waste management measures through the creation of a trustworthy, transparent, and immutable supply chain network for a plethora of different records. This technology can aid in the digital tracking of information, allowing an in-depth analysis of supply chains.
Bitcoin Is at an “Inflection Point,” says Soros Fund Management CIO
As Bitcoin’s price consolidation continues, Soros Fund Management CIO Dawn Fitzpatrick believes that the leading cryptocurrency is at an inflection point.
Singapore Employs Blockchain-Enabled Digital Health Passport for Enhanced Medical Data Management
The Singaporean administration teamed up with a local startup to establish a blockchain-powered digital health passport to boost medical records management.
BlackRock Filings Signal the Giant Asset Management Firm Could Start Bitcoin Futures Trading
Blackrock investment management giant has filed documents with the SEC suggesting that the firm is set to dive into the crypto futures trading.
Apollo Teams Up With Anchorage to Expand its Product Offering
Apollo Global Manage and Anchorage have partnered to expand the former's crypto products
Galaxy Digital Capital Management Launches Bitcoin Funds While Making Bakkt and Fidelity Custodians
Galaxy Digital Capital Management LP, an affiliate of Galaxy Digital Holdings Ltd, issued two Bitcoin funds with Bakkt and Fidelity Digital Assets as custodians for the funds, while Bloomberg L.P will be the pricing agent.
Enabling Innovation in Asset Management: SFC's Approach
Christina Choi of the SFC spoke at the Bloomberg Buy-Side Forum Hong Kong 2023, emphasizing the importance of balancing innovation with regulation in the asset management industry. She highlighted the SFC's ongoing work on guidelines for tokenization of investment products.
US Fed denies Custodia Bank membership over crypto concerns
The US Federal Reserve has denied Custodia Bank's membership application due to concerns over its involvement in the crypto industry. The Fed cited heightened illicit finance and safety and soundness risks, as well as a lack of a sufficient risk-management framework for its proposed cryptoasset-related activities. The bank is also prohibited from running crypto-related services if accepted as a member.
Segantii Capital Management Faces Insider Dealing Charges in District Court
Insider dealing case against Segantii Capital Management and CIO moved to District Court.
Nordic Service Partners Leverages Oracle Cloud to Enhance KFC Operations
NSP integrates Oracle Simphony Cloud POS to boost KFC operations.
Oracle Cloud Enhances Hotel Operations and Guest Experiences
Oracle Cloud's OPERA platform boosts automation and efficiency in hotels globally, with a significant increase in adoption noted in the past fiscal year.
Anthropic Introduces Project Management Features for Claude AI Users
Anthropic launches Projects for Claude.ai Pro and Team users, enhancing collaboration and workflow optimization with AI.
IBM's AI-Powered Text-to-SQL Generator Tops BIRD Benchmark
IBM's generative AI solution secures first place on the BIRD benchmark, improving complex database query handling.
Segantii Capital Management Faces Insider Dealing Charges in First District Court Hearing
Segantii Capital Management and its chief investment officer face insider dealing charges in the First District Court, according to apps.sfc.hk.
Hong Kong's Resilience as a Top Asset and Wealth Management Hub: SFC Survey 2023
The SFC survey highlights Hong Kong's enduring position as a leading international asset and wealth management hub in 2023.
Snowflake Leverages Large Language Models to Unlock Data Value
Learn how Snowflake's AI Data Cloud platform uses large language models to transform data into actionable insights and applications.
Character.AI Appoints Erin Teague as Chief Product Officer
Character.AI announces Erin Teague as the new Chief Product Officer, enhancing their personalized AI entertainment offerings.
Binance Enhances Cooling Period for Futures Copy Trading Portfolios
Binance has implemented an upgraded cooling period for lead trader portfolios in its Futures Copy Trading feature, aimed at enhancing risk control measures.
Bitwise Bitcoin ETF (BITB): 0.20% Management Fee, Pledges 10% Profits for Bitcoin Development
Bitwise Bitcoin ETF (BITB) is a low-cost, regulated ETF for U.S. investors, offering a traditional route to investing in bitcoin. With a 0% management fee for the first six months, BITB could pave the way for more cryptocurrency-based investment products.
Blockchain Identity Management Market to Hit $17.81B by 2030
The urge for digitization is expected to push the blockchain identity management market to $17.81 billion by 2030, according to a report by Market Research Future (MRFR).
Blockchain Technology Powers Brazil's National Identity Card Issuance
Brazil has commenced the use of blockchain technology for issuing the National Identity Card (CIN) to enhance security and data integrity in the new identity issuance process. The initial phase begins in three states with a nationwide deadline set for November 6, 2023. This move is part of Brazil's broader initiative towards leveraging blockchain for public service improvement, aligning with global trends of digital identity verification.
Bitcoin ETF Approval Expected to Propel Market Influx
The fervor surrounding a US-regulated spot Bitcoin ETF is palpable, with its approval expected to significantly bolster Bitcoin's market adoption. Addressing the current inefficiencies in Bitcoin investment, a spot ETF promises cost efficiency, enhanced liquidity, ease of access, and regulatory compliance. The formal recognition by regulators and established financial brands could further fuel Bitcoin's market acceptance. The estimations indicate a substantial market influx post ETF approval, not just within the US but potentially extending to global markets, laying the groundwork for a robust 2024 for Bitcoin, as per the analysis by Charles Yu of Galaxy.
HashKey Launches Wealth Management Platform for Institutional Investors
HashKey Group has launched a wealth management platform for professional and institutional investors in response to growing demand for virtual assets. The Hong Kong-based digital asset firm is expanding its over-the-counter trading service and increasing its liquidity coverage to 24/7.
Vitalik Buterin's Insightful Financial Advice for a Prudent Portfolio
Ethereum co-founder Vitalik Buterin advises on prudent financial strategies, emphasizing diversification, savings for financial safety, a conservative portfolio, and caution against over-leveraging, blending traditional and modern investment insights.
SEC Charges Titan Global Capital Management for Misleading Advertisements and Compliance Failures
On Aug 21, 2023, the SEC charged Titan Global Capital Management for misleading ads and compliance failures. Titan advertised a 2,700% annualized return, omitting key details. They'll pay $1.04M in penalties and disgorgement.
UK Defence Ministry Awards 1.8 Billion Pound AI-Driven Maritime Enhancement Contract to Thales
UK Ministry of Defence signs £1.8 billion contract with Thales for 15-year project to improve Royal Navy ship availability and resilience, leveraging AI and data management.
NVIDIA Acquires GPU Orchestration Software Provider Run:ai for $700 Million
NVIDIA, a leading technology company, has announced its acquisition of Run:ai, an Israeli startup that specializes in GPU orchestration software. The acquisition aims to enhance NVIDIA's capabilities in managing and optimizing AI computing resources across various environments. The terms of the deal, including the acquisition cost, have not been publicly disclosed.
Superstate Gains $14m in Series A Led by Distributed Global and CoinFund
Superstate, an innovative asset management firm, has secured a $14 million Series A financing round, aiming to expand its team and launch private funds for institutional investors.
Axiom Secures $20 Million in Series A Funding for Blockchain Data Access Innovation
Axiom, a smart contract infrastructure firm, raises $20M in Series A funding led by Paradigm and Standard Crypto, aiming to transform blockchain data access using zero-knowledge cryptography.
Wealth Management's Future: Embracing Innovation for the Next Investment Era
New research outlines the necessity for wealth management firms to adapt to technological advancements and altering investor profiles for future success.
R3 Highlights the Transformative Potential of Tokenization in Finance
R3, a leading enterprise blockchain software firm, discusses the transformative potential of tokenization in the financial sector. The company emphasizes the need for regulatory frameworks and industry standards to unlock the full benefits of digital assets. According to a June 2023 report from Bernstein, $5 trillion in assets could be tokenized in the next five years, offering significant opportunities for market participants.
Jacobi Asset Management Introduces Europe's First Premier Bitcoin ETF with a Green Initiative
Jacobi Asset Management launches Europe's first Bitcoin ETF on Euronext Amsterdam, blending crypto investment with a green initiative. The ETF, compliant with SFDR Article 8, offers a unique Renewable Energy Certificate solution.
GameStop Phases Out NFT Platform in Response to Regulatory Challenges
GameStop has announced the closure of its NFT marketplace, citing regulatory uncertainty. Effective from February 2, 2024, the platform will cease operations but assures that NFTs remain accessible on the blockchain.
NIST's Call for Public Input on AI Safety in Response to Biden's Executive Order
NIST is seeking public input to create AI safety guidelines following President Biden's Executive Order, aiming to ensure a secure AI environment, mitigate risks, and foster innovation.
Maple Finance Opens Cash Management Solution to U.S. Investors, Backed by U.S. Treasury Bills
Maple Finance opens Cash Management to U.S. Accredited Investors, offering yield backed by U.S. Treasury bills.
NYDFS Introduces Stricter Crypto Listing and Delisting Rules
NYDFS has implemented stricter regulations for cryptocurrency businesses, enhancing investor protection through detailed risk assessments and governance, highlighting New York's proactive regulatory approach.
Galaxy Asset Management's AUM Exceeds $10 Billion Milestone
Galaxy Asset Management reaches a new pinnacle with over $10 billion in assets under management, reflecting robust institutional interest in digital assets.
Unchained Partners with Build Asset Management for Bitcoin-Backed Credit Fund
Unchained, a bitcoin financial service provider, has partnered with Build Asset Management to invest in Unchained loans. The partnership aims to unlock the value of bitcoin for borrowers. Unchained's lending division has a 170% surge in Q1-2023, despite the 2022 crypto market contagion and bitcoin's 65% value drop.
BlackRock's Strategic Shift: Layoffs Amidst Bitcoin ETF Anticipation
BlackRock Inc plans to lay off 600 employees, following a similar pattern from 2023. Meanwhile, it eagerly awaits the SEC's decision on its Bitcoin ETF application, a potential game-changer in the crypto market.
CBI and Liminal Collaborate for Digital Asset Security in India Amid Crypto Scams
The Central Bureau of Investigation of India is partnering with Singapore-based Liminal to secure digital assets seized during investigations amid rising cryptocurrency frauds in India.
FTX Japan Launches Blockchain-based Proof of Solvency to Enhance Transparency and Security
FTX Japan has introduced a blockchain-based Proof of Solvency (PoS) to ensure the transparency and security of its customer's assets. The PoS, announced on September 28, 2023, by COO Seth Melamed, enables the objective verification of asset management, allowing customers easy access to verify their balances. The details of PoS will be published weekly on the Ethereum blockchain, marking a significant step towards enhancing trust and transparency in the cryptocurrency ecosystem.
Laser Digital Secures In-Principal Approval from Abu Dhabi Global Market
Laser Digital, Nomura's digital asset subsidiary, has received In-Principal Approval from Abu Dhabi Global Market's Financial Services Regulatory Authority. The approval allows the company to offer broker-dealer and asset management services in the UAE, subject to fulfilling specific conditions.
Visa Announces $100 Million Fund for Generative AI in Commerce and Payments
Visa Inc. has announced a $100 million fund to invest in generative AI technologies that are relevant to commerce and payments. The initiative, led by Visa Ventures, aims to foster innovation in the rapidly evolving field of artificial intelligence.
Gemini Enters Wealth Management After Acquiring BITRIA
Gemini announced that it has acquired BITRIA to provide a digital asset ecosystem for wealth management institutional asset managers.
SEBA Bank Secures SFC License, Expanding Crypto Services to Hong Kong
Swiss cryptocurrency bank SEBA Bank has been granted a Hong Kong Securities and Futures Commission license to offer trading, distribution, advisory, and asset management services in the Asia Pacific region.
Ex-CEO of Investment Firm Pleads Guilty to Cryptocurrency Fraud Scheme
Peter Kambolin, the ex-CEO of Systematic Alpha Management, pleaded guilty to a conspiracy to commit commodities fraud involving cryptocurrency futures contracts, as revealed by the DOJ on October 12, 2023. The case, marking a milestone as the first of its kind, unveils a "cherry-picking" scheme where Kambolin misallocated profitable trades to his accounts, misrepresenting trading focuses to investors. With legal proceedings underway, Kambolin faces up to five years in prison, showcasing the authorities' resolve against financial fraud in the crypto sector.
Huobi To Be Acquired by Hong Kong-Based VC Firm About Capital
Huobi is being acquired by About Capital, an investment company headquartered in Hong Kong. The deal, announced Friday, should close in the next few days. The firms did not disclose the financial terms.
OpenAI Introduces the "Preparedness Framework" for AI Safety and Policy Integration
OpenAI has introduced the "Preparedness Framework," giving its board veto over CEO decisions and introducing risk scorecards for AI risk management, demonstrating its commitment to responsible AI development.
FTX Control Failures
FTX CEO John Ray III revealed that control failures at FTX were due to a lack of appropriate financial and accounting controls, inadequate group management structure, and the use of software not suitable for large companies. The multi-billion dollar company was managed by inexperienced founders who relied on a hodgepodge of online shared documents and communications.
Surge in Generative AI Adoption Across Sectors: Balancing Innovation and Risks
Recent surveys highlight a significant increase in generative AI adoption in public and private sectors, driven by its potential for innovation and productivity. However, concerns over governance, risk management, and economic inequality emphasize the need for responsible and ethical use.
US Bank Regulators Confess Mistakes
US bank regulators have admitted to errors in supervision after high-profile bank failures, with the New York Department of Financial Services publishing its review of Signature Bank and the US Federal Reserve Board releasing its review of Silicon Valley Bank.
Grayscale Partners with NYSE Arca to File for Spot Ethereum ETF Conversion
Grayscale Investments has collaborated with NYSE Arca to file Form 19b-4 with the U.S. Securities and Exchange Commission (SEC), aiming to convert the Grayscale Ethereum Trust into a spot Ethereum ETF. This move is a significant part of Grayscale's ongoing strategy to transition its entire range of 17 crypto investment products into ETFs. The filing follows the SEC's recent approval of the first Ethereum futures ETFs.
SEC Seeks to Freeze Binance.US Assets in Bid to Protect Customers
The Securities and Exchange Commission (SEC) has lodged an emergency action application against Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings, Inc., and their founder, Changpeng Zhao.
Taiwan's Legislature Considers Virtual Asset Management Bill to Protect Consumers
The Taiwanese Legislature is deliberating on a new Virtual Asset Management Bill aimed at fostering better consumer protection and industry oversight. The bill, seen as moderate, outlines pragmatic mandates for VASPs while leaving room for further regulatory fine-tuning, marking a significant step in Taiwan’s evolving digital asset regulatory landscape.
Alameda Accused of Misusing FTX Customer Funds in Court
Key personnel from FTX and Alameda Research, during a trial, revealed concerning financial mismanagement and misrepresentation practices within the organizations. Gary Wang and Caroline Ellison's testimonies provided insights into significant financial instabilities, misuse of FTX funds by Alameda, and personal ventures being funded through loans from Alameda. The trial uncovers a complex scenario of financial misconduct and troubling personal-professional relationships, shedding light on alarming practices within these crypto entities.
Nomura's Laser Digital Partners with WebN Group to Launch Libre Protocol on Polygon
Nomura's Laser Digital and WebN Group have unveiled the Libre protocol, a fund tokenization infrastructure powered by Polygon technology, set to launch in Q1 2024. The protocol aims to revolutionize the management and distribution of alternative investments, with Brevan Howard and Hamilton Lane as initial users.
Peter Kambolin Sentenced for Fraudulent Scheme in Cryptocurrency Futures Trading
Peter Kambolin, former CEO of Systematic Alpha Management LLC, was sentenced for a fraudulent "cherry-picking" scheme in cryptocurrency futures, underscoring the need for stringent regulatory oversight in crypto trading.
Signature Bank Collapse Blamed on Poor Management
The FDIC's assessment of Signature Bank identified poor management and inadequate risk management practices as the reason for its collapse. The bank was shut down by regulators on March 12, and the FDIC was appointed to handle the insurance process.
A Guide to Minimizing Risk in Crypto Trading
Risk management in crypto trading, shaped by market volatility, involves setting stop-losses, proper position sizing, using take-profit orders, and diversifying assets. Continuous learning is vital.
Victory Capital Applies to List A Crypto ETF to The US SEC
Victory Capital Management has become the latest investment firm to applies for a cryptocurrency exchange-traded fund.
Transforming Asset Management: The Impact of Generative AI
Mohamed El-Erian, a Cambridge economist, highlights the dual impact of generative AI on asset management, predicting job creation and displacement, and emphasizing the need for firms to adapt.
Bitwise to Launch Two Innovative Ethereum Futures ETFs on October 2
Bitwise Asset Management to launch two first-of-its-kind Ethereum Futures ETFs, AETH and BTOP, on October 2. The ETFs offer exposure to CME Ether futures in a regulated format.
领先的加密资产管理公司Bitwise宣布其加密行业创新者ETF资产管理规模突破1亿美元
全球领先的加密资产管理公司Bitwise Asset Management宣布，其加密行业创新产品ETF（纽约证券交易所代码：BITQ）最近的资产管理规模超过了1亿美元。这一里程碑出现在加密领域的转折点，整个2023年，这个领域都见证了积极的行业发展，强劲的市场表现，以及投资者兴趣的增长。
Blockchain.News Interview with Co-founder and CIO of CryptAM, David Demmer on Digital Asset Management
We conducted an interview with the Founder and CIO of CryptAM, a Fintech firm that offer high net-worth and institutional investors access and diversification into the digital asset market. He also shared with us his views and insights on the current digital asset landscape.
Luxembourg: The FinTech Hub For Cross Border Asset Management
Luxembourg for Finance (LFF) is a public-private partnership that acts as the agency for the development of the financial center of the small nation.
Beyond Banking: DBS Bank’s Digital Transformation into Smarter ‘Phygital’ Banking Services
In 2019, despite facing an increasingly challenging and uncertain environment, especially the second half of last year, DBS achieved a record performance and successfully launched DBS’ First Fully Virtual Wealth Management Account Opening Solution.
Mongolia’s Oldest Bank Will Soon Offer Comprehensive Crypto Services
Mongolia’s Trade & Development Bank (TDB Bank), one of the oldest and largest banks in the nation, has announced plans to enter the crypto space.
Philippine Crypto Exchange Raised $50M from Series B Round, Led by Tiger Global
Philippine Cryptocurrency Exchange (PDAX) has raised $50 million from a Series B round, led by Tiger Global management.
USDC Issuer Circle Secures $400M Funding from Fidelity and BlackRock
Circle, the company behind USD Coin (USDC), has bagged funding worth $400 million from different players, including Fidelity Management, BlackRock Inc, and Research LLC, signalling traditional finance interest in the crypto space.
JPMorgan Chase Expands Crypto Trading Services to All Clients
JPMorgan chase bank has become the latest major bank in the US to offer all wealth management clients access to crypto funds.
One River Asset Management Closes $41M Funding Round Led by Goldman Sachs
One River Asset Management has completed a $41 million Series A funding round led by Coinbase Ventures and Goldman Sachs.
Wealthfront To Enable Cryptocurrency Investments for its Clients
Wealthfront is the latest mainstream firm that plans to offer cryptocurrencies to its clients.
Cathie Wood’s Ark Investment Gets into Canadian Bitcoin ETFs As US SEC Delays Applications
Cathie Wood’s Ark Investment company has announced that it has invested into Canadian bitcoin ETFs. The firm’s move is likely influenced by delays and rejections of Bitcoin ETFs by the US SEC.
CI Global Asset Management Partners with Galaxy Digital, Launching Blockchain and Metaverse ETFs
CI Global Asset Management (“CI GAM”), a major Canadian asset management firm, has partnered with Galaxy Digital to launch ETFs focused on blockchain technology and Metaverse.
Citi Bank Launches "Digital Asset Group" for Developing Crypto Products
Citi group announced a "digital asset group" has been launched in its wealth management department for developing crypto-related products.
Grayscale Adds Five New Crypto Investment Trusts including One for Chainlink and Filecoin
Grayscale Investments has expanded its product line by launching new investment trusts including Chainlink, Filecoin, and Basic Attention Token.
How Blockchain Will Break Down Barriers to Asset Management?
To tackle issues like global inequality, blockchain is believed one of the ways to break down barriers to asset management among traditional finance sector.
BabyAGI: An Overview of the Task-Driven Autonomous Agent
BabyAGI is an AI-powered task management system by Yohei Nakajima, automating tasks using OpenAI's NLP and vector databases. It streamlines processes, but faces challenges like slower processing speeds and errors.
Millennium Management Hedge Fund Gains Exposure to Bitcoin through Grayscale
Millennium Management has gained exposure to Bitcoin (BTC) through Grayscale Bitcoin Trust (GBTC).
Paul Tudor Jones' Bet on Bitcoin Supported by CME’s Bitcoin Futures CFTC Data and PwC’s Latest Crypto Report
In an annual report by Elwood Asset Management and consulting firm PricewaterhouseCoopers (PwC), the value of assets under management at cryptocurrency hedge funds has soared to $2 billion, doubling the value in 2019. Billionaire hedge fund manager Paul Tudor Jones was reportedly looking to buy Bitcoin to hedge against inflation as central banks across the world are printing money to relieve economies affected by the coronavirus pandemic.
$115 Million in Bitcoin Was Acquired by an Asset Manager as its Primary Treasury Reserve Asset
Stone Ridge Asset Management, home to $13 billion in assets under management (AUM) has recently purchased $115 million in Bitcoin.
Bitcoin Becoming More Mainstream While Bond Trading Is Dying, Says Australian Investment Firm
Pendal Group investment management company has announced that it is now in the Bitcoin business. It is taking a stake in Bitcoin through futures contracts.
Chinese City Eyes Blockchain Applications for Urban Governance and Smart Education
Chengdu, the capital of China’s Sichuan province, aims to develop blockchain applications to revolutionize cross-border trade, urban governance, and smart education by 2022.
Wave Financial Acquires Swiss-based Criptonite Asset Management
A US-based regulated digital asset investment management firm makes its first acquisition in Europe. The acquisition paves the way for Wave Financial to make further expansion globally.
George Soros’s Family Office Confirms Trading Bitcoin
The investment firm owned by billionaire investor George Soros is the latest family office to invest in Bitcoin and see cryptocurrencies as a hedge against inflation.
CoinShares Acquires Napoleon Asset Management, Expanding into EU Markets
The deal underscores interesting points about CoinShares. The digital asset firm has bought its rival based in France to double down on European Union expansion.
Coinbase Appoints Marc Andreessen in Management Reshuffle Ahead of Potential IPO
Coinbase has made a board reshuffle that sees the additions of Silicon Valley mogul Gokul Rajaram and ventures capitalist Marc Andreessen. The reshuffle comes amid rumor of a potential Coinbase IPO.
Market Downturn Triggers Delisting of Crypto ETFs in Australia
Crypto winter is considered to have caused low demand for such ETFs in Australia. Cosmos Asset Management said it plans to delist three of its cryptocurrency ETFs on the Cboe stock exchange.
Simplify Asset Management Files Application of the "MAXI" Bitcoin ETF
According to filings with the U.S. Securities and Exchange Commission (SEC), a Registered Investment Adviser Simplify Asset Management filed the application for Simplify Bitcoin Strategy Risk-Managed Income ETF under the ticker symbol MAXI.
PwC Veteran Quits Role to Establish Digital Asset Fund in Dubai
Henri Arslanian, the former Global Head of crypto of PricewaterhouseCoopers (PwC), has launched his own crypto-dedicated venture capital firm, Nine Blocks Capital Management, and has chosen Dubai as the outfit’s base of operation.
3 Platforms Making DeFi More Inclusive
Decentralized finance (DeFi) is taking the world by storm. Owners of cryptocurrencies can unlock an alternative financial system that offers better rewards than traditional bank accounts and carries more risk. Several trends in the DeFi space are emerging lately, as are the new protocols trying to capitalize on this momentum.
“LU HK” Mobile App Brings a New Paradigm to Online Wealth Management, With No Entry Barriers and No Limits
Lu International (Hong Kong) Limited has launched its LU HK mobile application, offering 24-hours-a-day, seven-days-a-week integrated wealth management services to Hong Kong customers.
Allied Market Research: Blockchain Identity Management Will be a $11.46 Billion Market by 2026
Allied Market Research, a US-based research and advisory company, has reported that the worldwide blockchain identity management sector will escalate to $11.46 billion by 2026 from $107 million recorded in 2018. This will represent a compound annual growth rate (CAGR) of 79.2% because blockchain is touted to offer an immutable, interoperable, and unified infrastructure needed in the storage of digital identities.
Ernst and Young Unveil Blockchain Solution for Public Funds Management
This move by Ernest and Young is an accurate depiction of the boundless opportunities and possibilities inherent in Blockchain technology.