NASDAQ Chief: Crypto is the right next step in the space of currency
Nasdaq chief executive Adena Friedman spoke about cryptocurrency on the latest episode of CNN podcast Boss Files, Friedman said that cryptocurrency feels like the “right next step in the space of currency” because a “globalized payment mechanism” is a natural fit for the cross-border digital economy.
She said: “How it evolves and which of the cryptocurrencies may or may not be the one that ultimately gets embraced, I think that really the jury is still out on that. But I do think the idea of a more globalized payment mechanism that is more efficient than what we have today allows for money to transfer across countries and certainly supports the Internet economy.”
Stock trading app Robinhood raises extra $363M to expand its crypto trading services
US based mobile stock trading app Robinhood has announced a $363 million series D funding round that it says will allow the firm to expand its cryptocurrency trading service nationwide by end of 2018.
According to a statement published on Thursday, the funding round values the firm at $5.6 billion.
De Beers successfully tracks diamonds from mine to jeweler using blockchain
De Beers Group announced today that it has successfully tracked 100 diamonds along the value chain during the pilot of its industry blockchain platform, marking the first time a diamond’s journey has been digitally tracked from mine to retail.
An immutable and secure digital trail was created for a selection of rough diamonds mined by De Beers as they moved from the mine to cutter and polisher, then through to a jeweller. The platform, called Tracr, is expected to publicly launch later this year.
Crypto investor Mike Novogratz: Crypto is the people’s revolution
“This has been the people’s revolution,” Michael Novogratz of Galaxy Digital told the crowd at the Fluidity Summit in Brooklyn on Thursday.
He said “The decentralized revolution is going to have its biggest impact in the retail sense, but to get there it will take the investment power of the big institutions. The institutional herd is on the move,” adding “I’m more bullish this year than I was last year.”
Prototype of privacy project “Dandelion” developed by Bitcoin devs
Developers hoping to bring a higher level of transaction anonymity to the Bitcoin blockchain have built a prototype for their “Dandelion” privacy project.
The prototype addresses concerns that the initial Dandelion proposal may be exposed to a deanonymization attack.