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#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 and Delta, BC - December 16, 2019 (Investorideas.com Newswire) 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.

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https://www.investorideas.com/Audio/Podcasts/2019/121619-CryptoMarket.mp3

#CryptoCorner: Tata Launches DevKit for Blockchain Apps, AMD (Nasdaq: $AMD) Joins Blockchain Gaming Alliance

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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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