Top five stories from the last week
| Don't Miss The Top Five Stories From The Last Week Investment Giant Fidelity Launches Digital Assets Service
What happened?
U.S. investment firm Fidelity, which administers over $7.2 trillion in client assets, has launched a digital assets service targeting institutional clients this week.
What will it do?
The new company, Fidelity Digital Asset Services, will offer custody and trade execution services for digital assets, looking towards hedge funds, family offices, and market intermediaries as clients. Get more details here.
Apple's Steve Wozniak Gets Into Blockchain With New Venture Capital Fund
What is this all about?
Steve Wozniak, the co-founder of Apple, has announced that he is the co-founder of a recently launched blockchain-focused venture capital fund EQUI Global this week
What is this venture capital fund for?
EQUI Global plans to enable non-institutional investments, as well as allowing investors to trade on external crypto exchanges via EquiTokens. Read more here.
Baidu and TRON to Cooperate on Cloud Computing Resources
What happened?
Decentralized Internet project TRON (TRX) and China's largest Internet search provider Baidu will cooperate on cloud computing resources
How would it work?
Baidu Cloud and TRON have closed a deal to cooperate in terms of "basic cloud business," outlining that both parties will work to maximize intercompatibility and "to build, operate, and debug blockchain products" based on Baidu Cloud. Read more here.
Mike Novogratz: Institutions Will Get Into Bitcoin in Q1-Q2 2019 Bringing 'New Highs'
What is this all about?
Galaxy Digital's Mike Novogratz said this week that if institutional investors enter the crypto space in quarter one or two of 2019, then the markets will see "new highs."
What did he say?
In Novogratz's opinion, institutional investor participation in crypto, like Fidelity's recent announcement, needs more testing in order to attain mass interest based on investor trust. However, Novogratz added that he no longer thinks that Bitcoin will break $10,000 in 2018, going back on an earlier prediction. Read more here.
Gates Foundation to Partner with Ripple and Coil to Support 'Pro-Poor' Payment Systems
What is this all about?
The Bill and Melinda Gates Foundation is partnering with Ripple Labs Inc. and digital payments firm Coil to implement the Interledger Protocol
What is this for?
Apart from the implementation of Ripple's Interledger Protocol, which is designed to connect different payment ledgers and enable the faster processing of cross-border transfers, the partnership is set to explore the ways Mojaloop can support "pro-poor payment systems." Read more. | | | | |
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