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DIFC’s Dubai FinTech Summit Expands Globally with Pakistan Digital Authority GoldenPeaks Capital Secures Largest PPA Deal in Hungary With Hankook Volante Technologies: AI, Crypto, and Modern Banking Innovation Payment Spayce and Sagicor Bank: Innovating Fintech for the Caribbean Market Top Companies Supporting Former Workers with German Pension Refunds Trust Travel, a TUI Brand, Partners With Qover to Deliver Seamless Travel Protection at Booking New Partnership Introduces First-of-its-Kind Model To Democratise Olympic Sailing Offa Outpaces High Street Banks on Speed With Islamic Mortgage Launch Engine by Starling Enters Fourth Global Market With New Zealand’s SBS Bank New Visa Study Shows 9 out of 10 Ukrainians Want Their Payments to be Protected by Biometrics NatWest Finalises Its Leadership Team With Latest Senior Hire Ahead of Venture Banking Launch Former Starling Bank Co-Founder and CEO John Mountain Joins Stoa, the New Savings Technology Platform HIVE Underwriters Appoints George Stylli as Chief Technology Officer WTW Appoints New Global Lead for P&C Capital Modelling Business Leaders Lose a Month to Fraud Each Year, as Demand for Better Payments Tech Surges

April 19 2018

Naeem Aslam, Chief Market Analyst at ThinkCoin, comments on crypto gains and Baidu blockchain funding

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Bitcoin rose from $7911 to $8100 as Ethereum climbed from $503 to $522. The positive to good news ratio today is 7-4. In general, the crypto market yesterday performed largely positively.

Huawei, a Chinese giant unveiled a hyperledger-powered blockchain service platform. This followed after Tencent and Baidu’s blockchain funding. This suggests that Chinese giants are providing confidence and trust to blockchain and its potential powers. This is a huge boost to the crypto-space which is likely to have led  to a gain in positive momentum, pushing prices of cryptocurrencies higher.

Basis, formerly known as Basecoin, has raised $133 million (most of which was reported last week in an SEC filing) in an initial coin offering (ICO), a round that featured an all-star cast of investors. Basis’s investors include some of the biggest names in crypto such as Andreessen Horowitz, Bain Capital Ventures, Lightspeed Ventures, Google Ventures and others. This shows how tech giants and VCs aren’t completely eliminating cryptocurrency as a whole, and having Basis, a cryptocurrency aimed to become the most stable coin in the cryptos-space, provides much needed market confidence. This again showed good long term potential. Hence the rise of cryptos.

250 corporate firms also joined the ICICI Bank Blockchain test. The India banking giant enlisted more than 250 corporates to undertake domestic and international trade finance transactions using ICICI’s blockchain platform. This shows how South East Asia is rising not only economically, but also in terms of innovation. It is now only a matter of time until all major companies will have some sort of blockchain project.

 

  1. DIFC’s Dubai FinTech Summit Expands Globally with Pakistan Digital Authority

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  2. GoldenPeaks Capital Secures Largest PPA Deal in Hungary With Hankook

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  3. Volante Technologies: AI, Crypto, and Modern Banking Innovation

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  4. Payment Spayce and Sagicor Bank: Innovating Fintech for the Caribbean Market

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  5. Top Companies Supporting Former Workers with German Pension Refunds

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