Instimatch Global, the award-winning digital platform for institutional short-term money market trading, and Algorand, a world-class blockchain powering secure and efficient frictionless exchange, are working together to disrupt the regulated payment networks with advanced solutions powered by blockchain. Instimatch and Algorand are both at the forefront of what future financial services and applications will be.
iQSTEL, Inc. (USOTC: IQST) announced a $60.5 million revenue forecast for FY-2021. The 40% revenue growth target is largely driven by the anticipated expansion of the company's new Fintech and IoT (Internet of Things) divisions launched in 2020. After announcing $39,725,507 in revenue through November 2020, Management expects FY-2020 revenues to exceed its $42 million FY-2020 revenue projection.
Distributed Ledger, Inc. (DLI), a blockchain technology service provider, announced the brand and business acquisition of North American-based cryptocurrency mining hardware supplier, Crypto Mining Tools (CMT). Cryptomining.tools is a well-known industry leader in cryptocurrency mining hardware brokerage and the creator of many trusted free online tools for miners.
NEC Laboratories Europe recently demonstrated the effectiveness of its Unikraft technology by doubling the data throughput on a NGINX web server while running on Amazon Web Services (AWS). This is compared to the same web server running on a Linux-based image. The result is equivalent to reducing server resource costs by half, as it enables the same data throughput (requests/sec.) with a smaller and cheaper instance.
Despite the exponential growth of the DeFi market throughout 2020, the industry is now dealing with a short-term plateau, as the market matures and projects are put to the test. Indeed, innovative use cases like governance, yield farming, and non-fungible tokens (NFTs) will play an essential role in the future's economy, but not all of them will survive.
CB Insights has named independent crypto prime broker SFOX as one of the world's top 50 blockchain companies. The firm was given a place on CB Insights' first ever Blockchain 50, a list of the top private companies using blockchain technology to solve some of businesses' biggest problems. Winners were selected from a pool of 2,700 companies. SFOX provides its services in multiple categories including as an Exchange, Custody, Capital Markets, and Wallet services provider, and was honored in the Exchange category.
Michael Brooks, CEO of goLance, an award-winning global freelance marketplace, offered his perspective on the relationship between banks and fintechs and how cryptocurrencies have evolved, in a panel discussion on digital disruption led by Ripple, a leading provider of enterprise blockchain solutions for payments. The session was recently held at IMTC World 2020, the largest money transfer conference.
Stablecorp, the firm behind the issuance and management of the QCAD (the Canadian Dollar stablecoin), announced a partnership with Algorand, the leading scalable, secure and decentralized blockchain network, to launch the digital asset on the Algorand blockchain. Stablecorp has been awarded an Algorand Foundation Grant and through this collaboration will continue to grow the fiat-backed stablecoin capability on Algorand and will be the first non-USD backed stablecoin to be issued on the network.
Huobi Singapore, a global digital assets trading platform, gifted SGD$30,000 (or the equivalent of 7,500 Huobi Tokens) to the Singapore University of Social Sciences (SUSS) in support of their Inclusive Fintech Fund. This is the first cryptocurrency exchange to donate towards inclusive fintech at SUSS, demonstrating Huobi Singapore's commitment towards financial inclusivity and accessible education.
Blockchain tech startup company Maxonrow and Taiwan's leading university National Chiao Tung University jointly established the "Technology Management and Blockchain Research Center" which is dedicated towards the development of blockchain technology applications, promote cross-domain integrated application systems, and contribute to the development of blockchain-industry ecosystem alliance. The inauguration ceremony of research center was held recently on 24th November, 2020.