Despite the latest string of losses in the crypto market, recent statements show that major players remain as interested as ever in Bitcoin and its derivatives. Speaking at the Consensus Invest conference on Tuesday, New York Stock Exchange (NYSE) chairman Jeffrey Sprecher voiced his support for the digital asset. Sprecher said that he and his…
The CEO of a Bitcoin investment fund has made a bullish prediction for the main cryptocurrency, one that he says should materialize within a decade’s time, according to CCN. Like others before him, Pantera Capital’s Dan Morehead likens Bitcoin to the internet and expects the former to become just as much of a household item.…
In a speech at the recent Singapore Fintech Festival, International Monetary Fund (IMF) chairwoman Christine Lagarde touched upon cryptocurrencies while addressing a general shift in the monetary landscape. According to Lagarde, the increasing preference for digital money over paper could hint toward a future where all transactions are cashless, reports Coindesk. Instead of merely converting…
Few events have caused as much disagreement in the crypto community lately as the upcoming Bitcoin Cash (BCH) fork, set to go live on November 15. What started as an idea to upgrade the current BCH framework quickly turned into a polarizing issue where each side felt as if the other misrepresented the coin’s original…
Last week’s steady ride for cryptocurrencies was contrasted by one of the roughest tumbles in the stock market in recent memory, describes CNBC. Although there were signs pointing to volatility heading into Monday, traders hoped that equities would post a strong showing to quell doubts over the market’s prospects. Instead, the Dow ended the week…
Exactly ten years ago–on October 31, 2008–Satoshi Nakamoto published the first Bitcoin whitepaper, which launched the cryptocurrency revolution. Nobody actually knows who Satoshi is (they used a pseudonym), but the impact of the Bitcoin idea has been transformational. Ten years later, let’s take a look at what’s been happening this past month in the cryptocurrency…
Since 2014, Fidelity Investments has been on the cutting edge of cryptocurrency research and insight. Fidelity’s investment into blockchain and digital assets makes the firm unique among its institutional peers as a leader of this technological revolution. It even has an entire department — Fidelity Digital Assets — dedicated to providing institutional-grade digital asset solutions.…
In an announcement on October 18, the Securities and Exchange Commission (SEC) revealed that it would be opening a fintech-centric office with blockchain as a primary focus, reports CryptoSlate. The new Strategic Hub for Innovation and Financial Technology, or simply “FinHub“, comes with its own streamlined website, which besides blockchain also covers automated investment advice…
One of the biggest money managers will soon launch its crypto branch aimed primarily at institutional investors, reports Forbes. With over $7.2 trillion in managed assets and 13,000 professional clients, Fidelity Investments ranks as the fifth-largest financial advisory in the world. Their unveiling of Fidelity Digital Assets, set to go live in early 2019, marks…
The entrance of institutional investors into the crypto space is a much-awaited occurrence. The move is seen as something that will further legitimize the market and affirm that large, non-individual investors are willing to place their faith in the newly-minted asset. Yet, as CryptoSlate points out, institutional investors may have already arrived. Bitcoin and other…
