ETH to Move to Phase 2 This Year, Co Founder Says

Joe Lubin was one of the speakers at Rise conference in Hong Kong
11 July 2018   477

The fundamental first phase of the development of the Ethereum ecosystem has been completed, and in 2018 we will see a "second phase" in which the blockchain will expand and mature. This was announced by co-founder Ethereum Joseph Lubin at the Rise conference in Hong Kong, which is taking place these days, Cointelegraph reports.

We're moving into a space where Ethereum can serve as the layer one trust system, and built into Ethereum we’ll have hundreds of thousands of transactions in the layer two systems and we’re going to see that ramified this year.

Joe Lubin

Co-founder, Ethereum


As an example of such a platform, he cited Plasma technology, designed to scale Ethereum.

Lubin also noted a great many options for using blockchain and said that the distributed ledger technology "offers a true digital world." Also co-founder of Ethereum believes that the blockchain revolution allows to move away from "analogous contexts" and will influence all spheres of life, including "money, personality and reputation".

Unlike the early internet, which started “narrow,” he added, blockchain is starting out with a “very broad” offering for potential applications.

When it came to regulation, Lubin and the other speakers recognized that the sooner the necessary regulatory rules were introduced, the better it would be for the industry. In his opinion, after the recognition of the crypto industry at the state level, there will not be any obstacles for the development of the industry, such as, for example, recently occurred in China, Japan and South Korea.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   212

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.