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When Chinese financial giant Ping An joined the blockchain consortium led by R3CEV last week, the group added more than just a new member – it effectively integrated with a gateway to the world's second-largest economy. With a $90b market cap, the company has 27 subsidiaries across a wide range of industries.
Bitcoin prices surged nearly 20% during the week ending 3rd June, rising to its highest point in 20 months. But what was the cause of the increase? Mainstream media sources have largely attributed this sharp increase to demand from the Chinese market, but not all experts agree.
The price of bitcoin is up more than 6% today, according to the CoinDesk Bitcoin USD Price Index (BPI), reaching a level not seen in nearly two years. Today’s market movements, which have pushed the price to a press time high of $572.98, follow a period of elevated bitcoin trading activity.
Ethereum co-founder Anthony Di Iorio helped create the blockchain technology that underlies DAOs, but he doesn't want to launch one himself. While many of his ideas push the limits of technology his management philosophy is a bit more old-fashioned.
Translated statements from an interview between Russian-language publication Bankir.ru and Vadim Kalukhov, director of the Russian central bank’s Financial Technology, Projects and Process Mangement Department, paint a portrait of cautious enthusiasm for the technology.
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