Bitstamp and Irisium, Brazilian Itau Unibanco and Standard Charter, Hancom Secure and Fantom, European Blockchain Investment Congress in Vienna soon, and more
- For its Series B funding round ErisX gathers capital from big name companies and venture capital firms. Among those who participated are Nasdaq Ventures, Fidelity Investments, Monex Group, ConsenSys, Bitmain, Pantera Capital, and Valor Equity Partners. The goal of ErisX is to be a CFTC-regulated futures clearinghouse and market.
- The European Blockchain Investment Congress will be held in Vienna next year. The event is planned for 28 February until 2 March. The industry’s influencers, founders, professors and others are expected to speak in the event. The discussion will be on blockchain and its business models and its effect on commerce, shipping, and education.
- Bitstamp and Irisium collaborate to oversee the market. The exchange will be using Irisium’s technology to observe the market and for data analysis to provide a secure and dependable service to its users.
- A press release announces IPC Systems and R3 partners together. IPC will back R3’s Corda networks through its Connexus system.
- Cryptocurrency billionaire Li Xiaolai will become part of Grandshores Technology Group. Li will supervise the firm’s blockchain projects and the development of its own stablecoin. Li’s net worth is around $1 billion.
- Hancom Secure and Fantom collaborates to advance the development of IoT architecture. The collaboration will let Hancom Secure delve into and build solutions using Fantom and to permit Fantom access Hancom Secure’s blockchain security technology.
- Itau Unibanco, Brazil’s biggest bank partners with Standard Charter. The partnership was formed to make small loans performed on the blockchain possible. The two firms effectively conducted a proof-of-concept (PoC) on R3’s Corda Connect.
- Last 27 November in New York, GXChain, Krypital Group, and Spark Blockchain hosted a Fintech & Blockchain social networking event. The event happened following the Consensus Invest 2018 summit and was attended by people from Ethereum, Gemini, Coinbase and Coindesk.
- Market capitalization of the crypto market took a dive in November. About $70 billion was lost and Bitcoin is declined 40%. According to strategists in JPMorgan Chase the drop caused mining to be unprofitable for some miners and some industry participants experienced financial loss.