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Manufacturing Blockchain Market Leader SyncFab Announces Q2 Results

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SyncFab

OEM Parts Traceability Blockchain App and Supplier OEM Part RFQ Dashboard among top new solutions from SyncFab

Manufacturing blockchain company SyncFab has announced its key achievements in Q2 2020, which was marked by extraordinary disruptions of manufacturing supply chains around the globe due to the current pandemic.

Despite some of the most challenging times, throughout the 2nd quarter SyncFab continued its rollout of new feature releases and updates addressing rapidly unfolding new challenges faced by manufacturing.  In April, SyncFab announced its groundbreaking OEM Parts Traceability Blockchain Application.  The initiative was followed by the launch of a Supplier OEM Part RFQ Dashboard.

In May, SyncFab hosted the MOBI automotive blockchain consortium monthly innovation call. During this remotely held event , SyncFab CEO Jeremy Goodwin showcased the company’s use cases as primary focus areas for 2020. MOBI is a solution agnostic industry consortium with ongoing collaborative contributions with SyncFab and prospects for extended partnerships.

Additionally, SyncFab launched a New Supplier Dashboard during Q2, which provided Machine Shops streamlined access to OEM Part RFQs for Medical, Aerospace and Automotive requests addressing essential business needs during the COVID19 pandemic along with OEM supply chain diversification requests expected to follow.

“We are definitely facing a historical point of disruption in the supply chain industry. Barely a day goes by without news of global industry supply Chains being disrupted. We will likely see adoption of more predictive, responsive, secure supply chain models as a result,” said SyncFab founding CEO Jeremy Goodwin

The Supplier Dashboard update improves suppliers’ user experience to enhance their ability to bid on and receive more qualified jobs according to their capabilities, certifications, and availability. This new update focuses on improving supplier benefits, usability and performance feedback originally stemmed from insights gained through SyncFab’s partnership with the NTMA.  Later this year, SyncFab is planning to offer Instructional Webinars, in partnership with the NTMA, illustrating step-by-step user access to essential business RFQs on the new Supplier Dashboard and how to qualify for MFG incentive rewards for RFQs.

Also in Q2, SyncFab launched its Track and Trace Tokenization Solution for OEM Parts Recall and Inventory Management in Aerospace, Automotive and Medical — another commercial industry’s first. SyncFab’s OEM Parts Traceability Blockchain Application follows OEM Parts Tokenization Application, which was also released recently. These two solutions in tandem form a comprehensive commercial solution for OEM parts Provenance, Recall & Inventory Management in Medical, Aerospace and Automotive.

With all the above initiatives, SyncFab continues to lead the industry for the development and application of commercial enterprise blockchain solutions for industrial manufacturing. 

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Ethereum Price Outlook as the DXY Index Crash Continues

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Cryptocurrency prices remained in an upbeat tone on Thursday as the US dollar index continued its bearish move. Bitcoin, the biggest cryptocurrency in the world, rose to $23,165, the highest level in months. Similarly, Ethereum has risen by more than 4% in the past 24 hours while BNB Coin and XRP surged to $307 and $0.41, respectively. 

US dollar index retreats

Cryptocurrencies have an inverse relationship with the US dollar index. For example, the DXY, which looks at the performance of the greenback vs other currencies, soared to a 20-year high of $115 in 2022. As that happened, cryptocurrencies like Bitcoin plunged during the year.

The foundation of this relationship is the Federal Reserve. In most periods, the US dollar index tends to rise when the Fed is extremely hawkish and vice versa. And it was extremely hawkish in 2022 as it hiked interest rates by more than 400 basis points. 

Therefore, while the Fed has remained hawkish recently, the US dollar has dropped because of what the data is saying. Data published recently showed that America’s inflation is easing. The closely watched consumer price index dropped to 6.5% in December while core inflation fell to 5.7%. 

At the same time, other parts of the economy are showing that the American economy is indeed recoiling. Retail sales dropped sharply in December while many…

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

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Campden Wealth Partners with GDA Group to Enter Digital Asset Markets

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Blockchain conglomerate GDA Group joins as Campden Wealth’s newest Corporate Partner for 2021. Based in Toronto, GDA group provides access to all verticals of the crypto capital markets to institutions and private investors. The two institutions once operated on different verticals, so the partnership indicates a new era of portfolio allocation and asset diversification. Digital assets, including bitcoin, are becoming a vital component of modern investment strategies. GDA Group provides multiple avenues for digital asset exposure, including trading services through their institutional trading desk Secure Digital Markets, including non-recourse lending up to $100M through GDA Lending, and private placements through their capital markets arm GDA Capital

“Institutions have spent a decade on the sidelines, evaluating the risks of this burgeoning sector. Now, in less than 6 months we have seen billions in institutional and private capital enter the space,”  says James Godfrey, FX and International Banking Advisor to GDA Group. “Our relationship with Campden will illustrate the maturation of this industry and where we are headed next. New stakeholders will need experience, resources and insights to navigate this new market and evaluate upcoming opportunities.”

 “The Campden Community is constantly balancing the needs of wealth creation for the future, with wealth preservation…

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