The COVID-19 pandemic might help to further Qatar’s national strategy in the fintech and blockchain spaces to reduce the crisis’s impact. The nation of Qatar is a World Bank “high-income economy,” backed by the world’s third-largest natural gas and oil reserves. It has the third-highest GDP per capita in the world (by purchasing power parity), […]
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After heavy funding cuts for blockchain this year, Global 2000 companies are looking to DLT to regain a competitive advantage in the post-coronavirus landscape. Professional services firm KPMG has published a report predicting that blockchain will be one of five emerging technology sectors to see increased investment from enterprises over the next 12 months. Titled […]
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Blockchain could be key for ensuring user privacy in COVID-19 contact-tracing apps. Countries all over the world are feeling the impact of COVID-19, as travel restrictions have virtually put an end to tourism for this year. To put this into perspective, recent statistics from Hawaii’s Maui News found that in June of this year, 1,929 […]
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Announcement by U.S. OCC to fuel business opportunities for crypto exchanges, custodians and traditionals banks. The Office of the Comptroller of the Currency, a division of the United States Treasury that supervises banking in the country, on July 22, issued an interpretive letter clarifying that nationally chartered banks are allowed to provide cryptocurrency custody services […]
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Creating global standards for tokenized carbon markets will provide more clarity, but data challenges need to be addressed. Climate change is one of the greatest problems facing society today. Therefore, it shouldn’t come as a surprise to see large corporations stepping in to mitigate their environmental impact. For example, Amazon plans to be carbon neutral […]
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DeFi will see a number of bullish developments over the long term, the latest dGen report alleges. Big Four accounting firms like KPMG and Deloitte will become an important part of the decentralized finance — or DeFi — in the coming decade, according to Berlin-based non-profit think tank dGen. In its report titled “Decentralised Finance: […]
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Record surges in regulated Bitcoin options market volume signals increasing interest and participation from institutional investors. A CryptoCompare report published on July 6 has closely analyzed monthly trends in the cryptocurrency exchange market and found that crypto derivatives volumes have begun to taper off after peaking this May. Crypto derivatives volumes dropped 35.7% in June […]
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Big Four firms introduce data analytics tools to help manage crypto and digital assets for institutional clients. Once dominated by young and savvy retail investors, the cryptocurrency market has seen increasing interest lately from institutional investors and large fintech firms. For instance, Grayscale Investments most recently added 19,879 Bitcoin (BTC) to its Bitcoin Trust, bringing […]
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KPMG’s new tools should help crypto services firms in complying with regulations. Big four auditing firm KPMG launched a cryptocurrency management suite with analytic features. According to a June 22 announcement, the new KPMG Chain Fusion suite is meant to allow financial technology companies to more easily offer crypto asset services on an institutional scale. […]
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Professional service giants like the Big Four are innovating in the blockchain and crypto space. Is it enough to make an impact? Blockchain technology, along with the adoption of cryptocurrencies, is gaining momentum. The enterprise blockchain market is expected to reach $21 billion over the next five years. Just eleven years on, and both sectors […]
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