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Ethereum Creator Vitalik Buterin to deliver keynote at Virtual FinTech Forum 2021
Amid rising use of blockchain in finance and cryptocurrencies emerging as Digital Gold for millennial investors across Asian markets, the alternative investment class will take centre stage at Virtual FinTech Forum on May 27 when Ethereum Creator, Vitalik Buterin delivers a keynote address on The Progress of Ethereum and its role in Future of Finance.
As the flagship fintech label co-founded by Finstep Asia Limited and Novsphere Limited, the Virtual Fintech Fair (VFF) is the region’s first fully virtual Fintech event and has become a significant platform for the fintech industry in Asia and a key constituent of the StartmeupHK Festival. Last year, StartmeupHK was attended by over 180,000 delegates from over 90 countries. VFF 2021 is supported by over 40 partners including AWS, InvestHK, S&P Global Intelligence, Vacuum Labs and Krungsri Finnovate.
Written jointly by an engineer and artificial intelligence expert along with a lawyer and banker, this book is a glimpse on what the future of the financial services will look like and the impact it will have on society. It provides a synthesis of the current state of AI and FinTech.
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HE IMPLOSION of Archegos Capital, a New York-based investment firm, in April splashed egg on many faces. Banks that had lent it vast sums to bet on volatile stocks have revealed over $10bn in related losses in recent weeks. America’s leading investment banks, barring Morgan Stanley, were largely absent from the big casualties, though. Instead the grim league table featured foreign champions. Most notable, because of its huge loss of $5.4bn, was Credit Suisse, a Swiss bank; also among them were
UBS, its compatriot, and Nomura and Mitsubishi
UFJ Financial Group, two Japanese banks.
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First proposed in June 2019 with the name libra, the token was initially intended to be a universal currency tied to a basket of sovereign currencies such as the U.S. dollar and the euro.
But after facing strong opposition from regulators around the world, the organization overseeing the project lost major backers including Visa and Mastercard. The group eventually watered down its plans, opting for multiple stablecoins backed one-to-one by different government-backed currencies, as well as one multi-currency coin.
Now known as diem, the Facebook-backed digital coin is expected to launch later this year, albeit in a much more limited form. When it finally arrives, diem won t come with the same fanfare and controversy of the original idea envisioned by the social media giant nearly two years ago.