European financial institutions are introducing a blockchain-based investment platform
Major European financial institutions are jointly launching a blockchain-based platform for the investment fund industry. FundsDLT platform is based on Ethereum’s (ETH) blockchain and allows asset managers, distributors, asset servicers, and the supply chain to reduce costs. The cost reduction is achieved by removing redundant activities while providing transparency and allowing digital fund distribution
“FundsDLT is a platform for the investment fund industry using distributed ledger technology (DLT), with the aim to streamline fund distribution. The company will use DLT and smart contracts to provide register and account management, transaction processing as well as cash settlement / reporting.” More details.
Brave is fighting Google, which allegedly violates the rules
Brave filed a formal complaint against Google with the lead General Data Protection Regulation (GDPR) enforcer in Europe. Dr. Johnny Ryan, Brave’s chief policy and industry relations officer, explained that Google is abusing its power by sharing user data collected by dozens of its distinct services, creating a “free for all” data warehouse. According to Ryan, this was a clear violation of the GDPR.
Alongside the complaint, Brave released a study called “Inside the Black Box”, that:
“Examines a diverse set of documents written for Google’s business clients, technology partners, developers, lawmakers, and users. It reveals that Google collects personal data from integrations with websites, apps, and operating systems, for hundreds ill-defined processing purposes.” More details.
Interest in Bitcoin may explode. Here’s why.
Trade volumes are booming on primary and secondary Bitcoin exchanges as Google searches for the number-one crypto skyrocket, indicating that to some degree a panic-induced flight to BTC may be in its early stages after the global economy’s recent capitulation.
Real trading volumes have rocketed on the Bitwise 24-hour spot volume index — on Friday standing at $5.7 billion, one of the largest days ever recorded by the San Francisco-based asset manager. Bitwise pitches its Bitcoin spot volume index as the industry’s most accurate, with the data purportedly being cleansed of “fake and/or non-economic wash trading.” The index reads $2.6 billion at the time of writing, putting it near the highest 7-day average trading volume ever recorded by Bitwise, which came in at $3 billion in July last year. More details.
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