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NYSE chairman Calls Bakkt a “Moonshot Bet”

NYSE chairman Calls Bakkt a “Moonshot Bet”

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange sees the eventual Bakkt launch as a “moonshot bet” according to its CEO and chairman of the NYSE, Jeff Sprecher. Talking over the past few days, Sprecher says that he is optimistic that Bakkt will be worthwhile and sees ICE’s involvement as “different” claiming that the deal has “…been …


24-Hour $10 Billion Surge In Crypto Market Promotes Bullish Analysis

24-Hour $10 Billion Surge In Crypto Market Promotes Bullish Analysis

The cryptocurrency market has taken a huge bounce since Friday in a 24-hour surge across the board with Litecoin being a real mover – up 30 percent, adding more than half a billion dollars to its valuation. With crypto’s hallmark icon, Bitcoin, also up 8 percent over the same period, analysts are suggesting this may be the long-awaited bull run …


12.7% of Amazon Customers Call For Crypto Products or Services

12.7% of Amazon Customers Call For Crypto Products or Services

A recent survey shows that 12.7% of Amazon customers would like to see the marketplace selling cryptocurrency products or services. The report conducted by Global financial portal Investing.com had surveyed over 1000 of the multinational e-commerce company’s clients in an attempt to analyze Amazon’s consumption rate, with a view of expanding its services to offer more products. The results revealed …


Bitcoin Transaction Performance Climbing Past January 2018 Levels

Bitcoin Transaction Performance Climbing Past January 2018 Levels

Bitcoin’s transaction volume is on its way to new levels, now touching rates unseen since the period following Bitcoin price’s all-time high at the end of 2017. According to Jameson Lopp, chief technology officer at Bitcoin personal key security system firm Casa, “the system is improving and growing”. Data from transactionfee.info verifies that the Bitcoin is now reaching the highest …


Winklevoss Twins Ordered to Pay Legal Costs for Shrem Case

Winklevoss Twins Ordered to Pay Legal Costs for Shrem Case

Bitcoin entrepreneurs and Gemini founders Tyler and Cameron Winklevoss have been ordered to pay USD 45,000 in legal costs in an ongoing case from 2013 against convicted BitInstant owner Charlie Shrem. The payment relates to a lengthy court case in which the Winklevoss twins had instigated an investigation and asset freeze on Shrem concerning money owed to the brothers from a …


Ripple Initiative Results in $1 Million Windfall for University of Michigan

Ripple Initiative Results in $1 Million Windfall for University of Michigan

The University of Michigan (UM) in the US is to establish a collaboration through cryptocurrency through Ripple’s University Blockchain Research Initiative (UBRI). Michigan has joined a number of universities, now numbering 11 in all, who have formed a partnership with Ripple under the scheme aimed at supporting academic research, technical development, and innovation in blockchain, cryptocurrency and digital payments. UM …


Bank of Korea: CBDC Could Threaten Commercial Bank Stability

CBDC Could Threaten Financial Stability of Commercial Banks, Says Bank of Korea

The Bank of Korea (BOK) has said that the introduction of a state-owned and issued digital currency in the form of central bank digital currency (CBDC) in South Korea could possibly zero-out commercial banks, reports Yonhap News Agency. According to the source, the BOK published a report expressing concerns with low deposits demands into commercial banks that may result from …


Binance: ETFs Not Core to Crypto Growth

Binance_ ETFs Not Core to Crypto Growth

A popular trend as the cryptocurrency industry develops is the introduction of the analogous derivative instruments of the traditional financial market, aimed at luring in institutional investors into the crypto world. One such instrument is the exchange-traded fund (ETF). CEO of leading cryptocurrency exchange Binance, Changpeng Zhao, has, however, downplayed the role of ETFs in the growth of the crypto industry. …


Credit Suisse Successfully Tests Blockchain for Cross-Border Payments

Credit Suisse Successfully Tests Blockchain for Cross-Border Payments

Swiss multinational investment bank and financial service company Credit Suisse confirmed today that its asset management arm which manages over USD 400 billion has successfully tested a blockchain-based cross-border transaction, as reported by Reuters. According to the post, parties involved in the test — Portugal’s online bank Banco Best and Luxembourg-based order-routing platform Fundsquare — confirmed that a blockchain-based platform was used …


Millennials Could Drive Crypto Industry by Ditching Banks

Millennials Could Drive Crypto Industry by Ditching Banks

The current levels of cryptocurrency adoption by millennials is seen by many analysts as a negative sign for traditional banking as more and more of this age group become disillusioned by the current financial system. The general view borne out by much research on the subject is that millennials simply don’t trust banks. Research conducted last year by Edelman Intelligence, …


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