Headlines for the world of Cryptocurrencies - October 12, 2018
Top Universities Have Invested In Cryptocurrency Funds
It seems that top universities have set their sights on cryptocurrencies as alternative investment options.
These universities include Harvard University, Stanford University, Massachusetts Institute of Technology, Dartmouth College and the University of North Carolina have each invested in at least one cryptocurrency fund through their respective endowments.
This news was first reported by The Information citing an unnamed source familiar with the investments.
The report states that these five university endowments have invested tens of millions of dollars in these funds which in turn invest in both physical cryptocurrencies and equity in cryptocurrency companies.
Although the said investment may only entail a very little portion of their alternative investments just by engaging the market helps legitimize the crypto space which up until now seeking legitimacy in the financial industry.
Crypto Mining Chip Designer Taking On Former Employer
Yang Zuoxing is set to compete with his former employer Bitmain in crypto mining chips industry.
Zuoxing left his former employer when co-founders Jihan Wu and Micree Zhan turned down his request for a stake in the business.
As result Zuoxing started his own crypto chip company, MicroBT a month later which is seen competing with Bitmain in every area.
MicroBT has raised the equivalent of $22 million from individual investors and is in talks with institutional money managers in China for additional funding.
In addition to this, he reveals that he is contemplating on filing for an IPO next year similar to other Bitmain competitors Canaan Inc. and Ebang International Holdings Inc.
MicroBT flagship Whatsminer M10 is said to deliver better power efficiency than Bitmain’s S9i and is working on upgrades to stay competitive as Bitmain rolls out new products.
Trial Runs For Blockchain-Powered Citizen Disability Insurance Payments In Australia
The federal government of Australia is set to test blockchain application to explore the use of blockchain technology to create a new form of currency called “Smart Money” for its National Disability Insurance Scheme (NDIS).
The initiative is called “Making Smart Money” and was jointly developed by the country’s federal science agency, Commonwealth Scientific and Industrial Research Organization (CSIRO) and the Commonwealth Bank of Australia (CBA), one of the biggest domestic bank in the country.
The project will enable citizens to manage their disability insurance plan without the need for any paperwork or recipient by enabling them to find, book and pay for services.
According to Australia’s federal science agency NDIS was selected for testing the initiative as it involves highly personalized payment conditions, that can contain multiple budget categories and each with different spending rules.
A thousand Developers Attends Ethereum Hackathon In San Francisco
As a sign of Ethereum’s robust and active developer community, about a thousand of them trooped to San Francisco which is considered by many as the world’s tech capital.
The event was marked with several talks with topics ranging from end-user knowledge, use of bots in the crypto space and hoe to connect blockchain to the real world as well as a developer competition for the integration of Kyber to Facebook Messenger and Telegram.
Judging from the turnout of attendees in the said event, we can say that despite increasing competition from other projects which claims superior technology and implementation, the support from the development community is alive and well which is great news for Ethereum.
Banco Santander Expanding Ripple-Powered Payments Platforms In Europe
The Spanish Banking Behemoth, Banco Sanander has recently announced that it is expanding its OnePay FX platform to other European countries.
This payment platform is powered by the Ripple network, Ripplenet and the bank also expressed its intent of using the Ripple ledger for all its payment settlements going forward.
The Bank’s Ripple-powered OnePay FX is currently available in Spain, Poland, the UK and Brazil.
There are plans to expand the platform’s services to other areas in Europe as well as the countries in South America and Asia.
It is widely known that Ripple has mainly focus in adoption especially in the realm of traditional financial outlets with many partnerships with banks and other financial institution worldwide under its belt.
They are now ripping the rewards of these partnerships as it is seen its cryptocurrency usurping the number two position from Ethereum in the cryptocurrency markets rankings in terms of market capitalization before going back to its number three position when the market corrected.
Whatever the case is, it seems that Ripple is the cryptocurrency to watch in the top 5 crypto capital market this year.
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Headlines for the world of Cryptocurrencies - October 11, 2018Binance To Donate All Listing Fees To Charity / CNBC Contributor Sees Bitcoin Price About To Explode / Automotive Parts Retailer Accepting Cryptocurrencies / Israel Cutting Taxes On Cryptos / IBM’s Food Traceability Platform Will Be Used By A Supermarket Giant |
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Headlines for the world of Cryptocurrencies - October 10, 2018XRP Official Cryptocurrency Of Tokyo 2020? / Bitfinex Partners With HSBC / Japan’s New Minister Of Science And Tech Is A Blockchain Bull / Life Science Organization Use Of Blockchain Tripled Since 2017 / Blackberry Launching Blockchain-Powered Medical Data Sharing |
Headlines for the world of Cryptocurrencies - October 09, 2018Hedge Fund Manager Predicts $10,000 Year-End Price For Bitcoin / Insurance For Cryptocurrencies Now Available For Gemini Customers / Litecoin Can Now Be Used To Buy Amazon Gift-Cards and Will Be Re-listed In Cex.io / Chris Larsen Named By Forbes The Wealthiest In Crypto Space / Anti-cryptocurrency Economist And Blockchain Lobbyist On Senate Blockchain Hearing On October 11 |
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I wonder if top universities in the Philippines are doing the same. I think it would be a good idea if blockchain/crypto projects starts tapping into collage students and millenials since they are more into exploring this nascent industry.