Blockchain
CoinDesk Hires Foster Wright as President
CoinDesk, the global media platform for the next generation of investors, today announced that Foster Wright has joined CoinDesk as President. Wright most recently was a Senior Executive Director at Institutional Investor, where he helped build the financial adviser/RIA media and events business and served on the senior management team for the parent company Euromoney Institutional Investor. At CoinDesk, Wright will lead the company’s commercial efforts across digital media, live events, data, and research. He will report to CoinDesk CEO Kevin Worth.
“Foster is an outstanding addition to the CoinDesk leadership team, bringing a wealth of knowledge and experience building top-tier businesses that serve the traditional investment community,” said Kevin Worth, CoinDesk CEO. “Foster will play an integral role in helping CoinDesk bridge the gap between digital assets and global investors as blockchain technology continues to attract attention around the world.”
“Digital assets have become a global asset class in recent years and the financial media has been slow to understand the impact of this emergence,” said Foster Wright. “CoinDesk is at the forefront of this exciting industry and has an opportunity to educate and inform global investors – from individuals to large institutions – about investment opportunities in this transformative technology.”
As the senior commercial executive at CoinDesk, Wright will oversee sales, marketing, and events operations, among other responsibilities. He will also work closely with CoinDesk Chief Content Officer Michael Casey and his team to ensure CoinDesk’s conferences continue to be the most essential and significant events in the industry.
Each May, CoinDesk hosts the annual Consensus conference, the premier event for digital assets and the global blockchain ecosystem. Consensus 2020 will be held on May 11-13, 2020 at the Hilton Hotel in New York City, and will draw thousands of stakeholders from more than 80 countries around the world.
Before joining CoinDesk, and in addition to his work with Institutional Investor, Wright was the President of Inside ETFs and global head of sales for ETF.com. He also held senior roles at Asset International (publishers of PLANSPONSOR, PLANADVISER, ai CIO, The Trade and Global Custodian), where he launched and ran the PLANADVISER franchise as well as the conferences and events business.
Wright was also the CEO, Chairman and owner of FinanceAsia and AsianInvestor in Hong Kong before successfully selling the business to Haymarket (UK) in 2005. He began his financial media career with Euromoney PLC in London.
An independently operated subsidiary of Digital Currency Group, CoinDesk explores how digital assets and blockchain technology are contributing to the evolution of the global financial system.
SOURCE Digital Currency Group / Genesis Global Trading
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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