Brian Kelly Thinks This Bitcoin Run is Not Going Away
With Bitcoin currently trading above USD 8,280 at time of writing and predictions of a hike to USD 10,000 by the end of August, CNBC’s Brian Kelly has chipped in with his own view on why this market will stay bullish. With the total crypto market capitalization surpassing USD 300 billion, Kelly says all the […]
Ex-JPMorgan Exec: Preventing Next Global Financial Crisis May Rely on Blockchain
A former JPMorgan Chase executive, Pang Huadong, has stated that blockchain “may be the key to avoiding the next global financial crisis”. Huadong was vice president of North American investment banking at JPMorgan Chase and is currently an honorary academic advisor at the Asian Blockchain Institute. Pang claims that his time working at JPMorgan through […]
Crypto Market Cap Surpasses $300 Billion, up $70 Billion in Less Than a Month
The total cryptocurrency market cap has surpassed USD 300 billion as of 24 July 2018, reaching as high as USD 304 billion earlier today. This is a USD 71 billion or 30% increase from lows hit on 29 June 2018, less than a month ago. Bitcoin’s price has rallied from USD 5,800 to USD 8,500 […]
Wall Street Completes Historic First Exchange of Bitcoin Futures for Actual Bitcoin
For the first time in history, Bitcoin futures contracts have been exchanged for actual Bitcoins, which is known as an exchange for physical (EFP) in the futures markets. The trade was facilitated by itBit, headquartered in New York City and the home of Wall Street, and the registered futures commission merchant ED&F Man Capital Markets. […]
Bitmain Looks to Raise Another $1 Billion Before IPO
Bitmain, the world’s largest Bitcoin mining equipment manufacturer and operator of some of the largest Bitcoin mining pools, is looking to raise another USD 1 billion of funding. If successful, this would bring its valuation up to USD 15 billion. Bitmain’s valuation is already USD 12 billion after a successful USD 400 million funding round […]
Bitwise Proposes Crypto ETF to Track Top 10 Cryptocurrencies
Bitwise Asset Management has filed a proposal with the United States Securities and Exchange Commission (SEC) to launch an exchange traded fund (ETF) called the Bitwise Hold 10 Cryptocurrency Index Fund. This ETF will track the Bitwise Hold 10 Index, which is a basket of the top ten cryptocurrencies by market cap weighted proportional to […]
SEC to Decide on Bitcoin ETFs By 21 September 2018
The US Securities and Exchange Commission (SEC) will make a decision on the Direxion Bitcoin exchange traded funds (ETFs) by 21 September 2018. To be clear, this is not the VanEck SolidX Bitcoin ETF that has been generating so much hype and positive comments, which is expected to be decided on by mid-August. The NYSE Arca […]
Public Sector Guide to Blockchain Published by IT Trade Association
CompTIA, the US-based and world-leading IT industry trade association has released a handy guidebook titled ‘Harnessing the Blockchain Revolution: CompTIA’s Practical Guide for the Public Sector‘. The guide offers several chapters that take an in-depth look at blockchain technologies and their benefits. In the opening, the guide is considerate enough to note that the technology […]
Bitcoin Stock Exchange Founder Pleads Guilty in US Court
Founder of no longer operational Bitcoin stock exchange BitFunder pleaded guilty to federal charges before US Magistrate Judge James Cott in Manhattan on counts of obstruction of justice and securities fraud, according to prosecutors on Tuesday. 37-year-old Jon Montroll admitted in the courtroom he had given the US Securities and Exchange Commission (SEC) fallacious bank records during the […]
Space Telescope Science Institute Uses Blockchain to Process Hubble Data
The Space Telescope Science Institute (STScI) has launched a platform which accelerates Hubble Space Telescope research with blockchain technology. There is so much data generated by the Hubble Space Telescope, the leading telescope for investigating deep space, that the government and researchers don’t have enough computing power to thoroughly analyze all of the data. This […]
