Friday’s blockchain and crypto news, from Asia and beyond
Binance produces industry leading research reports: With its origins in Asia but its corporate HQ on the industry-friendly island of Malta, Binance is the self-proclaimed “world’s largest crypto-currency by daily trade volume” and is said to move up to $2 billion a day. It has launched Binance Research, which is focused on the creation of institutional-grade research reports to increase transparency and improve the quality of information available within the crypto space. Not before time, cynics will say.
South Korea important player in global crypto sector: One-in-three salaried South Koreans are estimated to have invested in coins, writes The Diplomat and the Korean Won is only beaten by the US dollar in terms of Bitcoin trading volumes. Which means, despite government attempts to dampen the market rise, South Korea has quickly become a clear leader in both Asian and global crypto markets.
Blockchain technology is ‘underrated’ says ex-Google CEO:
Happy crypto days are ahead, says ex-Google CEO and billionaire Eric Schmidt who described Ethereum as a “powerful platform” and blockchain technology as “in the public format, overrated” and “in its technical use, underrated.” Schmidt was speaking at a Village Global event in San Francisco that was broadcast live on medium.com.
Is crypto on the brink of a price explosion?: US retail giant Overstock CEO Patrick Byrne says mainstream crypto adoption is just around the corner although he thinks Bitcoin will probably not be the “chosen” coin. Byrne, who has been a vocal supporter of crypto-currencies for a number of years, said in an interview that digital currencies have a solid future because fiscally-challenged countries like Venezuela are turning to crypto in times of crisis, and the fact that Bitcoin has not entered a state of low volatility.
Fintech Festival 2018 rolls into Singapore: After Hong Kong’s FinTech Week, it’s now Singapore’s turn. Singapore FinTech Festival claims to be the world’s “largest FinTech festival and global platform for the FinTech community” and hopes to draw in more than 30,000 participants. The festival opens on Monday at the Singapore EXPO convention and exhibition center and runs all week.