• KPMG Pulse Fintech blockchain 2019
    Cryptocurrencies

    KPMG: Fintech boom but blockchain bust in 2019

    Despite 30% fewer deals than 2018, the auditing and advisory firm predicts blockchain will ‘remain robust well into 2020’

    Despite an overall blockbuster year for Fintech, there was a blockchain bust, with investment falling substantially in 2019, according to KPMG. Global private investment in blockchain and cryptocurrency dropped from $6.3 billion in 2018 to $4.7 billion last year.

  • DJ D-Sol, who also goes by the name of David Solomon, moonlights as CEO of Goldman Sachs (via instagram.com/djsolmusic).
    Cryptocurrencies,  Libra,  Technology

    Goldman Sachs CEO David Solomon says bank payments will be tokenized on a blockchain

    All major banks are looking at the potential of stablecoins

    The world’s banking payment system is going to be tokenized on a blockchain, according to the head of Goldman Sachs. In a discussion of Facebook’s new Libra cryptocurrency with the French news site Les Echo on June 28, Goldman Sachs CEO David Solomon said he finds the “principle interesting” and the fifth-largest American bank, does “extensive research on the concept of tokenization.”

  • A useful map of Southeast Asia, in case one were to get lost (via Shutterstock).
    Asia & Australia

    Central banks across Southeast Asia are embracing blockchain

    Serving the unbanked and leapfrogging inefficient interbank and international settlement systems are a major focus

    Financial authorities across Southeast Asia are embracing blockchain technology and digital currencies as a way of helping the poor get better access to banking services that can help lift them out of poverty, as well as speeding and improving interbank payments and cross-border settlements.