Industry Leaders react to IMF’s Lagarde Comments on Crypto

With IMF Chief and European Central Bank (ECB) president candidate, Christine Lagarde, yesterday stating that central banks and financial supervisors should protect consumers, but also be open to innovations such as cryptocurrencies, what does this signal for the burgeoning blockchain and crypto industry?    Expert commentaries from leaders in the blockchain and crypto space comment:-   Charles Lu, CEO of Findora, a cryptographically transparent public ledger for building financial services applications, said:   Lagarde’s stance on blockchain technology is astute; she recognizes both the need for comprehensive regulation informed by…

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Former Global Head of Marketing at Russell Investments joins Prometheum

New York – Prometheum, the SEC and FINRA regulated blockchain financial platform for creating and publicly trading cryptosecurities, announces today that marketing leader Kirti Naik will be joining its team as Chief Marketing Officer. Prior to joining Prometheum’s team, Kirti led global brand marketing at Russell Investments’, OppenheimerFunds, and Citibank.      Kirti brings 20 years of experience in marketing across various industries, including consumer banking, entertainment, manufacturing, luxury apparel, and asset management, to Prometheum’s ranks. Kirti aims to channel that experience into energizing Prometheum’s charge to securitize tokens and…

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Stanford Team Designs Findora Platform to Decentralize the Financial System

Findora ensures data privacy, regulatory compliance, and full scalability   Menlo Park, California – A team of entrepreneurs and academics has unveiled the development of Findora, a cryptographically transparent public blockchain for building financial applications.   Findora’s leadership team is comprised of experienced entrepreneurs and Stanford academics, including Charles Lu, Ben Fisch, Benedikt Bünz, and John Powers. Fisch and Bünz are each known for several inventions in the blockchain sphere, including Bulletproofs, verifiable delay functions, and Filecoin’s proof-of-storage. Powers is the former CEO of Stanford’s USD $25 billion fund.   …

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Gibraltar Stock Exchange Among World’s First Stock Exchanges to Offer Listing of Digital Debt and Fund Securities on the Blockchain

Announcement Comes As The GSX Opens Up Membership To Firms From Outside The European Economic Area (EEA) and Switzerland   Gibraltar – April 9, 2019 – The Gibraltar Stock Exchange (GSX) has today announced that the GSX Global Market (GSX GM), will now offer the listing of digital debt and digital fund securities on its multilateral trading facility (MTF) — meaning the GSX is among the world’s first stock exchanges to provide this facility. The GSX also announced that it has opened up membership to firms from outside the EU,…

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Digits Launches New Payment Facility for Cryptocurrencies

SANTA MONICA, Calif., 26 March 2019 – Digits.io, the first blockchain technology offering the ability for any credit or debit card to be used as a cryptocurrency card, announced today that it has launched is core technology.         Digits hopes to bridge the gap between the complexity of cryptocurrencies and simple spending on Credit Cards by creating a bridge between the two. The Digits technology allows any credit or debit card to be turned into a crypto card when consumers are using their card at merchants that…

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The Gibraltar Stock Exchange Group Announces Successful Deployment of Digital Stock Exchange Prototype On New Blockchain

GSX and Hashstacs Partner to Deploy a Demo Bond Issuance on the STACS Network to Move Closer to the Issuance, Trading, Clearing, and Settling of Digital Securities   Gibraltar – March 5, 2019 – The Gibraltar Stock Exchange (GSX) Group has successfully deployed a GSX Digital Stock Exchange prototype and a demo bond issuance, on the Securities Trading Asset Classification Settlement (STACS) Network’s Global TestNet. Using Distributed Ledger Technology (DLT), the STACS Network is designed for capital markets. It is a new generation scalable ledger network layer that seamlessly stacks…

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Blockchain Technology: Its Applications and Impact on Various Industries

  Distributed Ledger systems such as Blockchain gained mainstream recognition after serving as the underlying technology behind cryptocurrencies. Today, multiple industries are embracing the variety of applications that implement Blockchain technology.   There is a growing demand for services today that embrace transparency and data security. A distributed ledger technology provides a way to record and transfer data that are not only safe and transparent but also auditable and resistant to change. The key behind this is to have an open and decentralized system, where transactions between two parties can…

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What is Tether?

  Tether is a cryptocurrency developed as a proxy for the US Dollar i.e. the value of Tether is designed to be one dollar and can thus be used as a digital dollar. Some of the popular cryptocurrency exchanges use Tether as a dollar replacement on their trading platforms.     According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen. Like other cryptos it uses…

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