New Year brings new Bitcoin Fork

World Bitcoin, the new hardfork of Bitcoin, was implemented on 12 of January, at block 503 888
15 January 2018   774

At block 503 888, (January 12), another crypto-currency was separated from bitcoin. The new fork was called World Bitcoin (WBTC). And if the goal of other hard forks is to develop new functions designed to overcome the limitations of bitcoin, WBTC will focus, according to the website, on building a "global application infrastructure". This is reported by Bitcoin.com.

The total amount of WBTC will be 2.121 billion, of which 21 million will remain under the control of the WBTC Foundation, which will use them for marketing, building a global ecosystem and developing new functions. Bitcoin holders can receive WBTC in a ratio of 1 BTC: 100 WBTC.

According to official website, these are the milestones of the new coin for the nearest future:

  • 2018.06  Establish gamification ecological chain
  • 2018.09  Establish copyright ecological chain
  • 2019.03  Establish the content distribution ecological chain
  • 2019.07  Establish blockchain digital e-commerce chain
  • 2019.12  Establish blockchain network card (CTID)

The World Bitcoin team stated that one of its advisors is Sean Zou, president of Xunlei Ltd. (NASDAQ: XNET). Xunlei itself issued an official statement on Monday saying that Sean Tsu is not related to the WBTC, noting that investors should take a more responsible approach to their work, instead of blindly believing rumors.

The project code is available on GitHub, one WBTC support in purses has not yet been implemented.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   121

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.