Blockchain
Qadre launches new brand to demystify blockchain
London, UK – 16th April 2020: Qadre, a high-growth fintech trusted by leading institutions to deliver certainty with blockchain technology, today launched its new brand that aims to demystify blockchain and drive increased understanding and practical applications of the technology in financial markets.
A recent study by techUK revealed that a major barrier to blockchain adoption has been a lack of understanding and mistrust of the technology by businesses. C-Level decision-makers are often reluctant to invest in blockchain because of fear of damage to their reputation and lack of awareness of the applications of blockchain beyond cryptocurrency.
Qadre aims to remove friction, improve security, and enhance user experiences in financial markets with blockchain. Education is needed to address the perceived complexity and lack of understanding around the technology. In response, Qadre is introducing a campaign to demystify blockchain through a glossary series of articles on everything from cryptography to cybersecurity, interviews with blockchain experts, webinars on practical applications, and explainer videos, as part of its new core brand and visual identity.
“Today’s solutions are risky, unintegrated and opaque. Qadre delivers certainty in the digital age, allowing consumers and businesses to build mutual trust,” said Nick Williamson, CEO and founder of Qadre. “Our new brand identity embodies our ambition to demystify blockchain and demonstrate how it can modernise financial markets.”
“The blockchain industry is full of jargon,” said Anna Flach, Head of Growth and Communications. “To instil confidence and drive practical applications, we have a responsibility to explain the benefits and applications of the technology simply. Only when the (wo)man on the street outside the ‘blockchain bubble’ understands the potential impact of the technology will blockchain become mainstream and transform our daily lives for the better.”
The new brand’s look and feel has been designed to represent Qadre’s cutting-edge technology, while not neglecting the human element behind it. The logo merges the shape of a block with the letter ‘Q’ of Qadre, open on one side to represent the flow and exchange of value. The primary font bears resemblance to some of the early operating systems reflecting the team’s long-standing experience and expertise in the field. Qadre’s modular platform, Huski, is at the heart of all its products and plays a core role in its new brand. The image of the husky represents the robustness, power and security of the blockchain framework.
The new, bold brand and blockchain glossary can be found on www.qad.re.
-Ends-
About Qadre
Qadre is a high-growth fintech trusted by leading institutions to deliver certainty and modernise financial markets with blockchain technology.
The company’s modular platform, Huski, monitors, records, and reconciles any transfer of value and ownership with greater efficiency, reduced risk, and at lower cost than traditional methods. It offers a range of pioneering applications across equity management, market infrastructure, payments, and fund distribution designed to remove friction, improve security, and enhance the user experience for both the business and its customers.
The Qadre team is behind the earliest and most innovative blockchain projects to date in the fintech sector. Huski is the first blockchain technology to be approved by the UK government.
Qadre is a member of techUK and Innovate Finance.
For additional information on Qadre, please visit https://www.qad.re/
Source: RealWire
Blockchain
Halving weakness sees $206 million exit crypto funds, Bitcoin miners pivot to AI
Leading up to Friday’s Bitcoin (BTC) halving, investors opted to remain on the sidelines rather than increase their exposure to cryptocurrencies. CoinShares’ latest report on digital asset fund flows reveals that crypto funds experienced $206 million in outflows last week, while trading volumes for Exchange-Traded Products (ETPs) dropped to $18 billion.
James Butterfill, head of research at CoinShares, noted, “These volumes represent a lower percentage of total Bitcoin volumes (which continue to rise) at 28%, compared to 55% a month ago.” He attributed this decline in investor appetite to expectations that the Federal Reserve would maintain interest rates at elevated levels for a longer duration.
In terms of regional flows, the United States led the outflows with $244 million exiting incumbent ETFs by the week ending April 19. Butterfill highlighted that newly issued ETFs still received inflows, albeit at lower levels compared to previous weeks. Germany and Sweden saw outflows of $8.3 million and $6.7 million, respectively, while Canada experienced inflows of $29.9 million. Switzerland, Brazil, and Australia also witnessed inflows of $7.8 million, $5.5 million, and $2.2 million, respectively.
Butterfill observed that although Bitcoin saw outflows of $192 million, there were minimal flows into short-Bitcoin positions. Ethereum (ETH) experienced outflows of $34 million for the sixth consecutive week. However, multi-asset funds saw improved sentiment, attracting $8.6 million in inflows. Additionally, Litecoin (LTC) and Chainlink (LINK) received inflows of $3.2 million and $1.7 million, respectively.
The report highlighted that blockchain equities sustained their 11th consecutive week of outflows, totaling $9 million, as investors remained concerned about the halving’s impact on mining companies.
In a separate analysis of the post-halving crypto mining industry, CoinShares analysts suggested that many miners might transition to serving the artificial intelligence (AI) sector, which has become more lucrative. They anticipated a shift towards AI in energy-secure locations, potentially leading to Bitcoin mining operations relocating to stranded energy sites.
The analysts projected a 10% decline in the Bitcoin network’s hash rate after the halving as miners deactivate unprofitable ASICs. However, they expected the hash rate to reach 700 exahash (EH/s) by 2025. As of the current data, the Bitcoin hash rate stands at 596.22 EH/s.
The report also noted that substantial cost increases are anticipated due to the halving, with electricity and production costs nearly doubling. Mitigation strategies include optimizing energy costs, enhancing mining efficiency, and securing favorable hardware procurement terms. Miners are actively managing financial liabilities, with some utilizing excess cash to significantly reduce debt.
Source: kitco.com
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Blockchain
NYSE gauges interest in 24/7 stock trading like crypto
According to reports, the New York Stock Exchange (NYSE) is exploring the possibility of introducing round-the-clock trading, a model akin to that of cryptocurrency markets. In a bid to gauge market sentiment, NYSE’s data analytics team has circulated a survey among market participants. The survey seeks feedback on whether there is support for 24/7 or extended weekday trading hours and, if so, what measures should be implemented to safeguard traders against overnight price fluctuations. As of now, NYSE, alongside Nasdaq and the Chicago Board Options Exchange, operates from Monday to Friday, spanning from 9:30 am to 4:00 pm Eastern Time.
In the United States, assets like cryptocurrencies, United States Treasurys, foreign exchange, and major stock index futures are already tradable 24/7. Certain brokerages, such as Robinhood and Interactive Brokers, provide access to U.S. stocks throughout the week via a “dark pool” trading venue, catering to international retail investors during their local trading hours.
However, recent reports indicated that Robinhood suspended its 24-hour trading services amidst heightened tensions between Israel and Iran, prompting concerns among investors regarding the sustainability of continuous trading.
Effectively managing liquidity in a 24/7 trading environment has proven challenging for trading platforms within the cryptocurrency industry.
According to cryptocurrency research firm Kaiko, there’s often a mismatch between the operating hours of traditional financial institutions and the needs of major crypto traders and market makers. Traders frequently find themselves losing sleep during periods of extreme market volatility.
While the results of NYSE’s survey haven’t been revealed, Tom Hearden, a senior trader at Skylands Capital, conducted his own poll among his 19,300 followers, asking if they would support NYSE transitioning to 24/7 trading hours. Interestingly, over 70% of the 1,459 respondents voted “No.”
NYSE’s survey coincides with the efforts of startup firm 24X National Exchange, which is seeking approval from the Securities and Exchange Commission (SEC) to launch the first exchange in the country operating round-the-clock.
The FT said, citing two persons familiar with the subject, that the SEC has “months” to study the proposed rule change, and other relevant issues, such who should shoulder expenses and the function of clearing houses, are already being considered by other stakeholders.
“How loud they will be playing in the middle of the night is unknown to me. However, the decision of whether something is commercially feasible or not actually shouldn’t be made by the SEC, James Angel, a Georgetown University finance professor, told FT.
“I support letting the market make the decision. We’re all better off if it succeeds, and the exchange’s stockholders lose out if it fails.
After the company withdrew an application in March 2023, alleging operational and technological concerns, it is the second attempt to receive SEC clearance.
Source: cointelegraph.com
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