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MAS & ABS: Releases Project Ubin Blockchain Source Code to Encourage Innovation; $100 Billion He



MAS & ABS: Releases Project Ubin Blockchain Source Code to Encourage Innovation


The report : ‘Re-imagining Interbank Real-Time Gross Settlement Systems Using Distributed Ledger Technology’ describes the prototypes developed on three Distributed Ledger Technology (DLT) platforms (Corda, Hyperledger Fabric and Quorum) and shares the findings and observations from the project. The source-codes and technical documentation of the three successful DLT based prototypes developed in Project Ubin Phase 2 have also been released for public access under Apache License Version 2.0.

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Category: Blockchain

Image & article ref: fintechnews.sg

$100 Billion Hedge Fund Man Group Plans to Add Bitcoin to ‘Investment Universe’


Historic British hedge fund Man Group says that it will likely add bitcoin to its “investment universe” once U.S. exchange CME launches bitcoin futures contracts next month. The London-based Man Group, which was founded in 1783 as a sugar cooperage and brokerage, is one of the world’s largest hedge funds and has close to $100 billion in funds under management. Responding to the news that the Chicago-based derivatives market CME intends to launch bitcoin futures during the second week of December, Man Group CEO Luke Ellis...

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Category: Bitcoin

Image & article ref: cryptocoinsnews.com

Singapore Central Bank Partners With MIT Media Lab To Advance Fintech, Blockchain R&D


The Monetary Authority of Singapore (MAS) has joined hands with the MIT Media Lab in Cambridge to help strengthen Singapore’s talent pool in the fintech industry and advance fintech and blockchain research and development. At the annual Singapore Fintech Festival event, Ravi Menon, managing director of MAS, told the audience that the collaboration will enable Singapore’s local fintech talents to work alongside world-class researchers at the MIT Media Lab to come up with tech solutions to real world use cases.

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Category: Blockchain

Image & article ref: coinjournal.net

Singapore Fintech Map 2017


As one of the earlier observers of the Fintech Singapore space, the speed in which is has grown is simply breathtaking. As we approach the end of 2017, it seems like a good opportunity to see how far we’ve come as an ecosystem. We’ve compiled and mapped the “Singapore Fintech Map” consisting of homegrown Singaporean fintech companies and overseas players currently operating in Singapore. We’ve also created maps for Malaysia, Philippines, Vietnam, Indonesia, Cambodia, Hong Kong, and Switzerland. (click links to see maps)

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Category: Fintech

Image & article ref: fintechnews.sg

African fintech firms 'complement' the banking sector, don't disrupt it: Exec at Egypt’s largest private bank


Financial technology firms in Africa are "complementing" the banking sector rather than disrupting it, an executive at Egypt's biggest private-sector bank has said. Hisham Ezz Al-Arab, chairman of Commercial International Bank (CIB), said Tuesday that the lender was "ready" for a growing wave of fintechs that are shaking up the financial services with new technologies. "We are ready in terms of technology. We look at fintechs and mobile operators and payment companies as partners, we collaborate together," he told CNBC...

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Category: Open Banking

Image & article ref: cnbc.com

Bitcoin Price Surges to $6,830, as Mainstream Adoption Continues


Earlier today, the bitcoin price soared to over $6,830, achieving $6,905 at its peak, triggered by the increasing adoption of high profile investment firms and payment services providers. Institutional Investors and Wall Street Are Ready to Invest in Bitcoin. This week, $95 billion hedge fund Man Group, announced that the company will invest in bitcoin and add the cryptocurrency to its diversified portfolio upon the launch of a bitcoin futures exchange by CME Group, the largest options exchange in the world.

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Category: Bitcoin

Image & article ref: cryptocoinsnews.com

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