Daily Top 5 Update cryptocurrency news
1. Global banking giant JPMorgan Chase is reportedly thinking about spinning out its Quorum blockchain project as an independent company.
2. Blockchain Capital has raised $150 million in its fourth fundraising round, raising the total value of assets under the venture capital firm's management to $250 million.
3. Since maritime safety is an international challenge, MBL aims to facilitate cooperation between diverse industry players, including competitors. Information sharing, the announcement says, could help boost returns in the sector, while at the same time reducing risks.
4. Discussing plans for Saga, which will feature a swiss foundation and advice from various banking figures, chairman of JPMorgan Chase International and ex-governor of the Bank of Israel Jacob Frenkel said there was appetite for a notionally non-volatile Cryptocurrency.
5. The decision of the PBoC and the Chinese government to enable foreign firms to operate in its payment market came after the appointment of the new PBoC head Yi Gang, an American-educated economist well known for his pro-market philosophy.