SK Hynix Overtakes Samsung as South Korea’s Most Valuable Company 
Today’s space race could turn fatal if we don’t agree on new rules 
Google Gemini Co-Lead Noam Shazeer Leaves for OpenAI Amid AI Talent Race 
Anthropic AI Model Uncovers Vulnerabilities in Classified U.S. Government Systems During Security Test 
Trump’s Quantum Push Lifts IBM Stock as CEO Arvind Krishna Receives White House Praise 
Google’s Open-Source AI Data Center Cooling Design Raises Commoditization Concerns 
World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game 
Apple Signals Product Price Hikes Amid Rising Memory Chip Costs 
SK Hynix Moves Closer to New York ADR Listing Amid AI Chip Boom 
US Raises Concerns Over Possible ASML EUV Machine Transfer to China 
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist 
Meta Seeks Legal Shield From Child-Harm Lawsuits Amid KOSA Talks 
IBM recently dived into the cryptocurrency movement as well, backing stable coin Stronghold USD, which currently holds Federal Deposit Insurance Corporation-insured U.S. Dollars. IBM's partner, Stronghold, was able to secure $3.3 million in seed funding from Freestyle Capital for its Stellar Network-based trading platform.
IBM and Stronghold's partnership aims to tackle the inherent problem of cryptocurrency that has prevented businesses from fully exploring the technology. Cryptocurrency's inherent volatility does not make it an attractive option for traditional financial institutions. Also, considering the relative infancy of cryptocurrency, both corporate organizations and political bodies have yet to have safeguards and moderating bylaws that have been tried and tested.
This puts the aforementioned institutions in a unique position to find ways to adopt blockchain technology and financially handle cryptocurrency. In the World Wealth Report by Capgemini, the younger clients of financial institutions have had an increase in interest regarding cryptocurrency assets. Any financial institution that does not adopt and start implementing services that cater to those clients may find themselves left behind by the future of asset management.
Countries such as Brazil may have started to implement blockchain-based systems but a national policy model that involves private financial institutions has yet to be realized. South Korea may be the closest to implementing such a policy with a proactive government aiming to tackle regulation of the digital currency.
The concept behind the partnership between IBM and Stronghold is that Stronghold's FDIC-insured currency will moderate the fluctuations of the digital currency bought from the cryptocurrency exchange. Also, unlike other cryptocurrency exchanges which are usually open to the public, IBM's blockchain will only be available to vetted participants, which would emphasize the trust needed for such exchanges.
This extra bit of assurance will hopefully allow more conservative banks and financial institutions to adopt and engage in payments through digital cryptocurrency.
