World’s Largest Fintech Hub Partners with IOTA

IOTA Foundation and LATTICE80 open innovation laboratory in Singapore
28 November 2017   146319

Germany-based IOTA Foundation and LATTICE80, the world’s largest fintech hub with headquarters in Singapore plan to open an innovation lab with the Germany-based IOTA Foundation.

The companies have signed a memorandum of understanding in November to consolidate their mutual commitments.

The goal of the innovation lab will be to explore mutual interests between ecosystems and run joint initiatives on blockchain technology, cryptocurrency and IOT.  The IOTA Foundation and LATTICE80 will run independent and joint activities to study these technologies to the community through meetups, demo days, IOTA Lab sessions, and more.

IOTA is a global leader, advocate, and evangelist of these new technologies. We are happy to partner with IOTA to develop joint venture projects under a new innovation lab, and look forward to partnering with even more fintech startups as we grow internationally.

 

Joe Seunghyun Cho

Founding CEO, LATTICE80

IOTA has already designed their Blockchain technology, called IOTA Tangle, which is considered to be an innovative type of DLT specifically for the IoT environment. It is an open-source protocol facilitating Machine-to-Machine interactions, including secure data transfer, fee-less real-time micro-payments, and the collection and dissemination of sensor-based and other types of ‘oracle’ and other data.

Recently, one of the largest cryptoexchanges in South Korea, Coinone, made an announcement stating that it will add support for IOTA on November 28 of 2017 and build a partnership with IOTA foundation.

BlackRock to Consider Bitcoin Futures

World largest asset management firm created a workgroup to study the prospects of crypto-based futures
16 July 2018   85

Investment company BlackRock has formed a working group that should find out what benefits the world's largest asset manager can get from entering the cryptocurrency sector, despite the fact that previously its CEO had heavily criticized bitcoin. This is reported by Financial News.

The investment giant, whose assets amount to $ 6.3 trillion, created a team that included experts from various business areas. They must collect information about the cryptocurrencies, the underlying infrastructure and technology of the blockchain.

The working group, which includes investment strategist Terry Simpson, should find out whether BlackRock should invest in bitcoin futures.

Sources also reported that BlackRock is studying the experience of its competitors in this area and the potential impact of their actions on the company's business. The working group will report on the results of its research to senior management.

A spokeswoman for BlackRock reported that the company has been considering blockchain technology for several years, but declined to comment on the cryptocurrency.

The creation of a working group may mark a turning point in relations between BlackRock and cryptocurrencies. Last year, its head, Larry Fink, said that bitcoin is an extremely speculative tool, and the only reason for its popularity is its anonymity. "This is an instrument that is used for money laundering," he said bluntly.

Fink gave his comments even before the appearance of crypto-currency futures. At that time, he saw no opportunity for his company to enter this market.