#CryptoCorner: Tata Launches DevKit for #Blockchain Apps, AMD (Nasdaq: $AMD) Joins Blockchain Gaming Alliance
#CryptoCorner: Tata Launches DevKit for #Blockchain Apps,
AMD (Nasdaq: $AMD) Joins Blockchain Gaming Alliance
Fidelity Digital
Assets May Add ETH Support and Top Banks Processing Up to $2 Billion Undetected
#Crypto Transfers Each Year
Point Roberts, WA, Delta BC December 16,
2019 - Investorideas.com, a leader in
crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on
what’s driving the cryptocurrency market .
Listen
to today’s Crypto Corner Podcast:
Stocks discussed: (NSE:TCS) (NasdaqGS:AMD)
Multinational IT
company Tata Consultancy Services Limited (NSE:TCS) has launched its Quartz DevKit,
described as “an intuitive, low code development kit for enterprises to quickly
build and deploy blockchain applications on any popular blockchain platform”. R
Vivekanand, Global Head, Quartz, TCS, explained:
“Many of our customers, across industries, are
leveraging blockchain technology to establish frictionless transactions across
their extended ecosystem. We developed the Quartz DevKit to help their teams
rapidly put together high-quality pilots using smart contracts on any platform
with reduced coding effort. We have received very positive feedback from our
pilot customers, and are pleased to make the DevKit available for use at scale.”
Multinational
semiconductor firm Advanced Micro Devices (NasdaqGS:AMD), along with Blockchain Game
Alliance, Robot Cache and ULTRA, is developing blockchain-based gaming
platforms. Robot Cache and ULTRA’s gaming marketplaces will leverage AMD Ryzen
processors and AMD Radeon graphics cards. Joerg Roskowetz, Head of Blockchain
Technology, AMD, said:
“Blockchain technology brings broader choice, security
and flexibility to both gamers and publishers. Next-generation blockchain game
platforms will give gamers access to exclusive online content, and provide new
ways for them to truly own it. They will also provide game publishers with new
channels to distribute digital game content.”
Tom Jessop, the
president of Fidelity Digital Assets, the crypto arm of financial services firm
Fidelity, revealed that the company might add support for Ethereum (ETH) next year. In an
interview with The
Block,
Jessop said Ethereum support may be included given sufficient client demand.
“…we've done a lot of work on Ethereum. We intend to
support it in the New Year. We're very led by our clients.”
Cointelegraph reports that
“large banks may be processing up to $2 billion in undetected
cryptocurrency-related transfers each year,” according to blockchain
intelligence firm CipherTrace. Research from the latter indicates that “every
one of the United States’ top 10 commercial banks have unregistered
cryptocurrency businesses using their payments networks to process funds”. The
article quotes Carole House of the U.S. Treasury’s Financial Action Task Force
(FinCEN), who made the following remark during the CipherTrace Cryptocurrency
Travel Rule Information Sharing Architecture Conference in San Francisco in
November:
“It would be interesting to know how many financial
institutions operating in this space are able to identify a [crypto-business]
recipient as a financial institution on the basis of its wallet reference
number, or other information that it currently has available to it.”
Sam Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain
and Digital Currency Stocks Directory
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