DJIA53414.25 -271.86
S&P 5007718.60 50.72
NASDAQ26506.99 -77.07
Russell 20002975.65 7.38
German DAX25908.78 69.45
FTSE 10010758.15 1.70
CAC 408260.12 -20.51
EuroStoxx 506362.05 -0.80
Nikkei 22565020.94 806.46
Hang Seng25188.00 -123.21
Shanghai Comp3942.09 0.70
KOSPI6687.21 107.73
Bloomberg Comm IDX142.74 -0.40
WTI Crude-fut91.98 0.33
Brent Crude-fut91.22 -0.36
Natural Gas2.94 0.01
Gasoline-fut3.20 0.05
Gold-fut4477.20 -43.10
Silver-fut66.82 -0.72
Platinum-fut1828.50 -0.60
Palladium-fut1400.00 -33.00
Copper-fut6.67 0.07
Aluminum-spot3195.00 0.00
Coffee-fut298.10 -11.35
Soybeans-fut1310.25 -4.25
Wheat-fut732.75 -19.50
Bitcoin79719.80 -1488.08
Ethereum USD2454.49 -40.92
Litecoin50.78 -0.58
Dogecoin0.08 0.00
EUR/USD1.1618 0.0017
USD/JPY155.46 -3.29
GBP/USD1.3533 0.0029
USD/CHF0.8076 -0.0060
USD IDX99.16 0.16
US 10-Yr TR4.782 0.02
GER 10-Yr TR3.3392 0.0009
UK 10-Yr TR5.1404 0.0038
JAP 10-Yr TR2.913 0.007
Fed Funds3.75 0
SOFR3.66 0.01
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Alternative Assets  + Blockchain  + Crypto  + Crypto  + Markets  |  January 2, 2025
Future FinTech Updates Blockchain Business Division
Joe Palmisano
By: Joe Palmisano

Future FinTech Updates Blockchain Business Division

Future Fintech Group Inc. (FTFT) has updated its blockchain business division. The division was established in December 2021 to manage its existing blockchain business to include development as well as execution of its growth plan.

The new focus of the division will be to develop and grow new blockchain businesses such as high-performance computing, web3 technology, artificial intelligence, and other blockchain related projects.

Kai Xu has been appointed president of the division, responsible for overseeing and directing operations, including engagement with the expansion of web3. Xu was previously COO of FTFT, a position in which he served until February 2020, and VP of the blockchain division.

Weifang Peng has been appointed VP of the division, responsible for the company’s blockchain computing power and web3 related business development. Peng was responsible for FTFT’s global mining investment business from 2021 to 2022.

FTFT conducts asset management, brokerage and investment banking services in Hong Kong, operates a cross-border payment business in the UK, and engages in supply chain trading and finance businesses in China. In addition, the company has initiated digital asset mining farm operations in the U.S.

Connect

Inside The Story

Future Fintech Group Inc.

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints