Binance CEO ‘Very Confident’ in Cryptocurrency Industry’s Future

Binance CEO ‘Very Confident’ in Cryptocurrency Industry’s Future

TweetShare Binance CEO Changpeng Zhao (CZ) has expressed deep confidence in the prospects of cryptocurrency despite the challenging industry conditions that have defined most of 2018. Speaking during a conversation with “Bloomberg Daybreak: Middle East” hostsTracy Alloway and Yousef Gamal El-Din, he also stated that Binance intends to start off the new year “with a bang” in…

Bimain IPO Status in Doubt as Hong Kong Calls Crypto Industry ‘Immature’

Bimain IPO Status in Doubt as Hong Kong Calls Crypto Industry ‘Immature’

TweetShare Bitmain, the largest manufacturer of Bitcoin mining equipment, is experiencing something of a rough patch, as Hong Kong’s stock market overseers might be reluctant to approve the initial public offering (IPO) application of the company, given their stated concerns about the lack of a proper regulatory framework that can govern the cryptocurrency and blockchain…

Crypto-Riche Millennials Take The Yachting Industry

Crypto-Riche Millennials Take The Yachting Industry

TweetShare Got a few million lying around? The yacht industry has long been thought of as the exclusive province of the extremely wealthy, closed to even nouveau riche millennials and crypto millionaires. Yet, the yacht industry is declining. Today, the superyacht industry caters primarily to the extremely wealthy, yet with the almost exclusive growth in…

SEC Chair Jay Clayton’s Mass Crackdown On Crypto Industry Roil GOP Lawmakers

SEC Chair Jay Clayton’s Mass Crackdown On Crypto Industry Roil GOP Lawmakers

Advertisement TweetShare Jay Clayton, the chairman of the US Securities and Exchange Commission, is coming under fire from Republican lawmakers amid growing concerns over his harsh approach to regulatory enforcement — which critics claim strangles the free market and inhibits technological innovation. In 2018, the SEC launched a massive crackdown on the crypto industry, which…

Blockchain is a ‘Systemic Risk’ for Financial Industry: DTCC Exec.

Blockchain is a ‘Systemic Risk’ for Financial Industry: DTCC Exec.

Advertisement TweetShare The Depository Trust & Clearing Corporation or DTCC issues a report every year on the stability of the global financial system and has done so every year since 2013. It describes this report in these terms: “[T]he DTCC Systemic Risk Barometer Survey serves as an annual pulse check to monitor existing and emerging…

62% of Auto Execs Believe Blockchain Will Disrupt Industry within 3 Years

62% of Auto Execs Believe Blockchain Will Disrupt Industry within 3 Years

Advertisement The auto industry is betting big on blockchain. In fact, a whopping 62% of auto executives say the technology underpinning bitcoin will be a disruptive force in the industry by 2021. Moreover, 95% of carmakers plan to make “moderate to significant” blockchain investments over the next three years, according to a report by the IBM…

Malta Financial Regulator Looks to Bolster Cryptocurrency Industry

Malta Financial Regulator Looks to Bolster Cryptocurrency Industry

Advertisement Having earned the reputation of “Blockchain Island”, Malta is taking steps to preserve the industry by investing heavily in supervisory technology in order to protect the blockchain industry. Such investments according to authorities are aimed at ensuring that the inherent risks associated with virtual currencies are kept at a minimal level in Malta. There…

Lufthansa Announces Global Blockchain Challenge for the Aviation Industry

Lufthansa Announces Global Blockchain Challenge for the Aviation Industry

Advertisement Lufthansa Innovation Hub (LIH) and the SAP.iO Berlin Foundry have teamed up to launch the first ever Aviation Blockchain Challenge worldwide. Announced in a blog recently, the challenge seeks to explore potential opportunities and drive adoption of Blockchain technology in the airline industry. The Challenge According to the reveal announcement, application of blockchain technology in finance…