The U.S. Securities and Exchange Commission (SEC) launches a “New Strategic Hub for Innovation and Financial Technology”. The FinHub will serve as a resource for public engagement on the SEC’s FinTech-related issues and initiatives. It allows blockchain innovators and initial coin offering (ICO) operators, among other fintech stakeholders, to speak with the SEC directly on rules and market integrity.
Steve Wozniak, the tech entrepreneur best known as the co-founder of Apple, has joined EQUI Global, a venture capital fund built using blockchain technology, as a co-founder.
Wozniak said that he believes firms like EQUI will disrupt the venture capital industry and allow other companies to follow the new model based on blockchain technology.
- Sony Corporation has announced the launch of a blockchain-based digital rights management system. In the statement Sony said:
“It is specialized for managing rights-related information of written works, with features for demonstrating the date and time that electronic data was created, leveraging the properties of blockchains to record verifiable information in a difficult to falsify way, and identifying previously recorded works, allowing participants to share and verify when a piece of electronic data was created and by whom.”
- Kenyan government will use blockchain to distribute affordable housing. The government plans to use blockchain technology to deal with allocation and funds management of the cheaper 500,000 housing units.
“Kenya will use blockchain technology to ensure the rightful owners live in government-funded housing projects.”
- Wozniacki becomes first female athlete to launch personalised crypto token.
28-year-old, Danish, No 2 ranked professional tennis star has entered a partnership with Singaporean firm, Global Crypto Offering Exchange (GCOX) to found her own cryptocurrency token. Wozniacki expressed her excitement saying:
“To be the first female athlete to have her own token is really cool…I am looking forward to expanding that before other people start getting into it.”
- Within 1 year, Fidelity one of the largest brokerages and asset managers with 7.2 trillion in assets under management, has gone from studying and evaluating the crypto market to fully integrating digital assets into its platform. Fidelity enabled its clients to track investments in major cryptocurrencies like Bitcoin and Ethereum through the Fidelity Portfolio Summary View.
Have a nice and productive week! See you next Monday!