Category: obitx
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Bitcoin is king, again
byBitcoin surged more than 40% over the past month, while the rest of the major cryptocurrencies have stalled. In comparison, Ether recovered less than 15% over the same period. Ripplegained up to 16% yet failed to consolidate gains above 0.50 per US dollar. Bitcoin Cash hindered as well, despite offering better features than the original Bitcoin in terms of speed […]
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Reddit Co-Founder Alexis Ohanian Doubles Down on $20,000 Bitcoin Price Bet
byReddit co-founder Alexis Ohanian has doubled down on his prediction that the bitcoin price will reach $20,000 before the end of the year, arguing that the flagship cryptocurrency is “battle-tested” and capable of weathering market uncertainty. Ohanian, who now runs venture capital firm Initialized Capital, defended his bitcoin price call in a recent interview with CNBC, […]
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SEC Delays Decision on Asset Manager’s Bitcoin ETFs Until September
byThe U.S. Securities and Exchange Commission (SEC) has delayed making a decision on whether to approve five bitcoin-related exchange-traded funds (ETFs) until September, public documents reveal on Tuesday. In the latest edition of the Federal Register, the SEC explains that it is postponing any decision over the possible approval of ETF proposals filed by Direxion Investments […]
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Ex-JPMorgan Exec: Blockchain May Be Key to Avoiding Next Global Financial Crisis
byThe former vice president of North American investment banking at JPMorgan Chase has said that blockchain “may be the key to avoiding the next global financial crisis,” the China Economic Times reports today, July 23. Pang Huadong, currently an honorary academic advisor of the Asian Blockchain Institute, said that his experience at JPMorgan during the peak of the 2008 financial crash […]
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Google Cloud Launches Blockchain Toolkit for App Developers
byDeveloping blockchain solutions for enterprise clients just got easier for Google Cloud users, thanks to a collaboration between the computing giant and a distributed ledger technology (DLT) startup led by former JPMorgan executive Blythe Masters. Announced on Monday, the partnership will see Digital Asset provide a software development kit (SDK) to developers working on Google Cloud, enabling […]
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Five Questions to Ask Before Investing in a Blockchain Company
byAs interest in blockchain continues to gain traction, the importance of investor education is at an all-time high. With hundreds of new projects popping up every week, it may be hard to separate the wheat from the chaff. Not every project can be or will be successful. To further complicate matters, some come with a […]
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Insurance Giants See ‘Big Opportunity’ in Cryptocurrency Storage Coverage
byBig insurance companies such as XL Group, AIG and Chubb are quietly offering cryptocurrency insurance as cryptocurrencies and blockchain technology continue to gain acceptance. While the insurance companies active in this sector are not doing a lot to publicize their activities, those interviewed said they can avoid liabilities. According to Bloomberg more than a dozen underwriters are […]
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Malta Regulator Tells Blockchain Companies to Wait Before Applying for Approvals and Authorization
byThe Malta Financial Services Authority (MFSA) said in a statement that blockchaincompanies have to wait until a recently passed framework comes into force before applying for approvals and authorizations, news outlet Times of Malta reported July 20. In a statement issued today, the MFSA said it is developing a new framework that will back recently-passed blockchain laws, […]
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In a First, UK Police Seize Cannabis Grower’s Bitcoins Worth $1.6 Million
byAmong the many potential roles that bitcoin could play in society, it is hard to imagine plugging holes in police budgets being one of them. Until now. Surrey Police have become the first law enforcement agency in the United Kingdom to convert bitcoins that were seized from a drug dealer into British pounds, a portion of which […]
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Why CEOs of Circle, Coinbase, and Major Crypto Firms are Bullish on Ethereum
byExecutives and operators of major crypto conglomerates, valued at many billions of dollars, have been more optimistic towards Ethereum than bitcoin, the most dominant cryptocurrency in the global market, as of late. Throughout the past year, Circle, the $3 billion cryptocurrency exchange and payments platform, and Coinbase, the $8 billion cryptocurrency brokerage company which also remains as […]
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