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Fidelity explores the possibility of adding more resources to its custody service
Fidelity, the fourth largest asset manager in the world, has decided to explore the possibility of adding more assets from the encrypted market to its custody service. So far, the company has always worked only with Bitcoin. Now they are examining the first five currencies, hoping to find another worthy candidate.
Tom Jessop, head of Digital Assets at Fidelity, believes there is a demand for at least four or five larger coins, following Bitcoin. Because of the market's goal of attracting institutional investors, Fidelity and other similar services aim to be prepared when demand growth begins.
The new blockchain acceleration program receives official support from the Singapore government agency
The Singapore government agency, Enterprise, has made a big move to complete their task of creating a strong ecosystem for startup development. Their new decision revolves around the support of a blockchain acceleration program called "Tribe Accelerator". The accelerator was launched in collaboration with several companies: TRIVE Ventures, PwC Singapore Venture Club and ICON Foundation.
The accelerator is to help startups achieve applicability and a real impact in the world, especially in Asia. The program should officially enter live in 2019, while the first group of participating startups will not have to pay a participation fee.
The rate of adoption of Ethereum grows despite its lowering of prices, says Joseph Lubin
According to a recent statement by the co-creator of Ethereum, Joseph Lubin, the project is growing in every area. In reality, he sees it as more than just a market. For him and for the community, Ethereum is a movement that can not be fully understood by looking at its market capitalism or the price of coins. Downloads of Ethereum products outnumber millions, there are over 12,000 live nodes at all times and 48 million unique ETH addresses.
Despite hostile market conditions, the Ethereum ecosystem continues to grow and grow, thanks to its team members, as well as to a support community that grew around the project.
The second quarter of 2019 is when things will change for the crypto space, says billionaire Mike Novogratz
A constantly bearish market, regulatory uncertainty and high levels of volatility still dominate the cryptic market of 2018. However, according to billionaire Michael Novogratz, things are likely to change in the second quarter of 2019.
Novogratz believes this is the moment when the institutions will finally make their move and start buying crypts. Moreover, it is not only in this prediction, as has been given by other experts in the field. The market has grown without control in 2017 and the situation in 2018 is a direct consequence of such uncontrollable growth.
By the next year, the market should stabilize, while projects like Bakkt and possibly the approval of Bitcoin ETFs will eventually attract institutions.
Crypto billionaire Li Xiaolai to lead the Hong Kong-listed blockchain company
One of China's cryptic investment veterans, Li Xiaolai, has decided to join a blockchain-based company listed on the Hong Kong Stock Exchange. Not only that, but he became a co-CEO and the executive director of the company.
The company in question, Grandshores Technology Group (formerly known as SHIS Limited), stated that Li will oversee numerous blockchain technology projects, including the creation of a new stablecoin based on a fiat currency.
Li's estimated net worth is $ 1 billion as of October 2018 and has invested in numerous blockchain companies to date.
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