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Why America’s oldest bank launched a crypto custody service

IT World

The Bank of New York Mellon Corporation (BNY Mellon) has gone live with an electronic platform that stores and protects cryptocurrencies , including bitcoin and ether.

Banking 68
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5 Predictions for 2021

Tom Tunguz

Blockchain technologies become mainstream driven by the adoption of national reserve banks. In response, other national reserve banks introduce Blockchain based currency creation and control systems. The US Dollar continues its decline as the global currency of trade.

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The New Key Competitive Advantage for Web3 Startups

Tom Tunguz

Public blockchain data enables look-alike modeling not possible on the web without full credit card or banking data. Wallets replace cookies, an improvement for both user and marketer. They maintain user anonymity, and reveal user behavior across applications. How will the web3 marketing stack evolve?

Startup 224
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Our Proposals to the Senate Banking Committee

Andreessen Horowitz

That’s why we were so heartened by the Senate … The post Our Proposals to the Senate Banking Committee appeared first on Andreessen Horowitz. Given the pace of innovation in this space, it has been challenging for many policymakers to keep up.

Banking 99
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Which Categories of Seed Startups are Thriving? Which Aren't?

Tom Tunguz

Blockchain - another exponential curve that shows growth from 0 to 200 startups in eight years. Blockchain is clearly the category with the steepest slope. Today, that number is 400 and the chart is a classic S-curve, tapering after a period of intense growth.

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Facebook’s cryptocurrency ratchets up pressure on banks, but has big risks

IT World

Facebook's plans to launch its own cryptocurrency and digital wallet should be a clarion call to commercial banks: if you don't begin to explore blockchain technology, tech companies could eat your lunch. Further reading: Blockchain: The complete guide ].

Banking 53
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Global blockchain spending to hit $12.4B by 2022; finance sector leads growth

IT World

The largest chunk of worldwide spending on new blockchain networks – nearly $2.9 billion this year – will come from the financial sector, where banking, securities and investment services, and insurance industries will invest more than $1.1 Further reading: What is blockchain? Further reading: What is blockchain?