Adoption of blockchain technology continues to accelerate into 2021, driven in part by cryptocurrencies like bitcoin, but increasingly by investments across a wide range of financial services for a variety of use cases. According to the recently released Blockchain Technology Market Size report from Grandview Research, the blockchain market was valued at $3.67 billion for … [Read more...] about Blockchain Adoption Accelerates Across Finance
Blockchain
NFTs: Ugly Term for Beautiful Returns?
If the technical term "nonfungible token" was selected to describe how the art market meets FinTech as a way of catching attention, then it has succeeded mightily. It begs the inevitable questions: What the heck is that? Why would anyone buy that? The New York Times took that approach in its 03/12/2021 story on the largest sale of digital-asset token as art: "What Are NFTs, … [Read more...] about NFTs: Ugly Term for Beautiful Returns?
A More Mature Dream: Building Authentication into Cryptocurrency
In many people’s minds, cryptocurrency started as a dream of decentralization; of an asset not subject to government manipulation or many of the negative regulations that exist to steer the market in specific directions. And, for better or worse, those dreams have to some extent been realized. Technology has caught up to the ambitions, but bad actors have repeatedly shown the … [Read more...] about A More Mature Dream: Building Authentication into Cryptocurrency
Chicago FinTech News – Corporate Cash Surges
Corporate Cash Holdings Soar, Says New Carfang Group Study Corporations in the U.S. added $1.1 trillion or 38.5% to their cash holdings in the first half of 2020 according to recent data Federal Reserve data analyzed by The Carfang Group. For the second quarter, cash is up $424B or 12% and now stands at $3.9T. According to Anthony J. Carfang, Managing Director at The … [Read more...] about Chicago FinTech News – Corporate Cash Surges
Chicago FinTech News – Blockchain Innovations
BondEvalue and Northern Trust Complete World’s First Blockchain-based Bond Trade Northern Trust and partner BondEvalue completed the first trade of a fractionalized blockchain-based bond in Singapore this month. Northern Trust is providing securities services for the wholesale bonds. In what is believed to be a first for the industry, Northern Trust built the capability to … [Read more...] about Chicago FinTech News – Blockchain Innovations
From Hype to Investment: The Changing Face of Blockchain
Blockchain was quite the buzzword just a couple of years ago; tracking alongside bitcoin, it generated quite a bit of hype and more than a few headlines before, for many financial professionals, seemingly fading back into the background. While those days of big headlines and market-redefining hypothetical use cases may be over, now, blockchain hasn’t gone anywhere. Investors … [Read more...] about From Hype to Investment: The Changing Face of Blockchain