Tag Archives: cryptocurrency

Cryptos a “Solution in Search of a Problem,” Says Billionaire Investor Ken Griffin

Cryptos a “Solution in Search of a Problem,” Says Billionaire Investor Ken Griffin

With hedge fund billionaires on all sides chipping on the state of cryptocurrency markets, one such investor has been keen to place himself firmly in the sceptical camp. Ken Griffin, founder and CEO of Citadel Investment Group, today made it perfectly clear that he was not an admirer of the booming cryptocurrency industry. Talking at the Delivering […]

IBM Is Helping Launch a Price-Stable Crypto With FDIC-Insured Funds

IBM Is Helping Launch a Price-Stable Crypto With FDIC-Insured Funds

The latest attempt to create a cryptocurrency pegged to the U.S. dollar, or “stablecoin,” combines 21st-century technology with an invention from the Great Depression. Announced Tuesday, a startup called Stronghold is launching USD Anchor, which will run on the rails of the Stellar blockchain and use its consensus mechanism to verify transactions. The token will be backed […]

Bitcoin & Cryptocurrency Market Attracting Institutional Investors, Reveals Coinbase VP

Bitcoin & Cryptocurrency Market Attracting Institutional Investors, Reveals Coinbase VP

Interest for Bitcoin and other cryptocurrencies is increasing among the institutional investors. Coinbase VP and GM, Adam White revealed this fact and shared that Coinbase is also working on driving institutional investor interest it by focusing on transparency, compliance, and regulatory clarity. Coinbase VP assures institutional investors’ interest in Bitcoin and other coins are rising […]

Bitcoin Above $7,000 as Positive Momentum Continues Following Yesterday’s Market Upswing

Bitcoin Above $7,000 as Positive Momentum Continues Following Yesterday’s Market Upswing

July 17: Crypto markets are largely continuing to build on a major upswing that kicked off yesterday, July 16, according to Coin360 data, with virtually all of the top ten coins by market cap in the green. Market visualization from Coin360 Ongoing positive momentum now looks set to reverse the major valuation losses incurred last week, which could now prove to have […]

FN: BlackRock Eyes Bitcoin Futures, Market Reacts to Increased Institutional Interest

FN: BlackRock Eyes Bitcoin Futures, Market Reacts to Increased Institutional Interest

The world’s largest exchange-traded fund (ETF) provider BlackRock announced the formation of a working group to assess potential involvement in Bitcoin (BTC), Financial News (FN) reportstoday, July 16. The move furthers a U-turn on BlackRock’s previously critical stance towards cryptocurrency.  Following in the footsteps of fellow giant Goldman Sachs, the cross-industry working group convened by BlackRock will among other things focus […]

Bitcoin [BTC] Should be Legalized & Be a Competition Money: Former US Rep. Ron Paul

Bitcoin [BTC] Should be Legalized & Be a Competition Money: Former US Rep. Ron Paul

Bitcoin among other cryptocurrencies should be legal according to the former US Representative, Ron Paul to compete with Fiat money. He strongly supports denationalizing the money while sharing that the market decides the “money” as happened hundreds of years ago with fiat money. Bitcoin should be legal Ron Paul, the libertarian former congressmen while speaking […]

World’s Fourth-Largest Stock Exchange Eyes Blockchain Use in Securities Transactions

World’s Fourth-Largest Stock Exchange Eyes Blockchain Use in Securities Transactions

The world’s fourth-largest stock exchange released plans to use so-called distributed ledger technology (DLT) in securities transactions July 10. The Shanghai Stock Exchange (SSE), which as of December 2017 had a market cap in excess of $5 tln, said in a report that “most people” consider that blockchain technology can “help improve the transparency of the securities industry.” “Part of the […]

Robinhood’s Zero-Fee Crypto Trading Platform Adds Support for Litecoin, Bitcoin Cash

Robinhood’s Zero-Fee Crypto Trading Platform Adds Support for Litecoin, Bitcoin Cash

Financial services mobile app Robinhood has added support for Litecoin (LTC) and Bitcoin Cash(BCH) on its Robinhood Crypto Platform, according to a July 12 blog post. Robinhood’s blog post notes that they are planning to “further expand our coin offerings and add support for coin transfers,” writing that the entire Robinhood platform has a reach of more than 5 […]

Binance Exchange Backs First-Ever Decentralized Bank in Malta

Binance Exchange Backs First-Ever Decentralized Bank in Malta

Binance, one of the biggest cryptocurrency exchanges in the world, is reportedly among a number of investors backing a decentralized bank to be launched in Malta. Bloomberg reported Thursday that Binance had confirmed it has acquired a 5 percent stake in the so-called Founders Bank at a €133 million euro ($155 million) pre-investment valuation. Founders Bank will have […]