CoinDesk, 1/1/0001 12:00 AM PST In an attempt to disprove theories about his own death, controversial media mogul Julian Assange turned to the bitcoin blockchain today. |
CoinDesk, 1/1/0001 12:00 AM PST A new investor note published today by analyst Needham & Company projects that a bitcoin exchange-traded fund (ETF) could attract as much as $300m in new assets in its first week alone. Writing about the potential impact of an ETF on the nascent market, analyst Spencer Bogart speculates that such an approval is likely to have […] |
CryptoCoins News, 1/1/0001 12:00 AM PST […] The post Julian Assange Uses Bitcoin’s Blockchain for Proof of Life appeared first on CryptoCoinsNews. |
Business Insider, 1/1/0001 12:00 AM PST This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. Amid bitcoin's continued price volatility, which has been attributed to fluctuations in investor activity in China, more detail has emerged on the meeting the People's Bank of China (PBOC) held with several bitcoin exchanges last week, according to Reuters. Since the meeting came at a time when the country is seeking to stem capital outflows, there was speculation that regulators' attention was turning to bitcoin, with potential limits on outflows to follow. However, the bitcoin exchanges involved have rejected such theories, saying instead that the purpose of the meeting was to reiterate the importance of platforms' abiding by existing relevant regulations. But the widespread proliferation of bitcoin in China may lead to new regulation in the future. China is indisputably the location of the majority of global bitcoin trading, with domestic exchanges claiming they account for more than 90% of global trading volume. So long as that's the case, the PBOC will likely keep a close eye on the cryptocurrency. If bitcoin continues to trade at such high volumes in China, regulators will likely feel they have no choice but to issue bitcoin-specific regulations in the future, with any such regulation designed to protect the interests of retail investors. That could be problematic for exchanges, particularly if the amount retail clients can invest is restricted, as they monetize by taking commission. Blockchain technology, which is best known for powering Bitcoin and other cryptocurrencies, is gaining steam among finance firms because of its potential to streamline processes and increase efficiency. The technology could cut costs by up to $20 billion annually by 2022, according to Santander. That's because blockchain, which operates as a distributed ledger, has the ability to allow multiple parties to transfer and store sensitive information in a space that’s secure, permanent, anonymous, and easily accessible. That could simplify paper-heavy, expensive, or logistically complicated financial systems, like remittances and cross-border transfer, shareholder management and ownership exchange, and securities trading, to name a few. And outside of finance, governments and the music industry are investigating the technology’s potential to simplify record-keeping. As a result, venture capital firms and financial institutions alike are pouring investment into finding, developing, and testing blockchain use cases. Over 50 major financial institutions are involved with collaborative blockchain startups, have begun researching the technology in-house, or have helped fund startups with products rooted in blockchain. Jaime Toplin, research associate for BI Intelligence, Business Insider's premium research service, has compiled a detailed report on blockchain technology that explains how blockchain works, why it has the potential to provide a watershed moment for the financial industry, and the different ways it could be put into practice in the coming years. Here are some key takeaways from the report:
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CryptoCoins News, 1/1/0001 12:00 AM PST […] The post Murgio Pleads Guilty For Operating Illegal Bitcoin Exchange appeared first on CryptoCoinsNews. |
CoinDesk, 1/1/0001 12:00 AM PST Following meetings with the country's central bank last week, domestic bitcoin exchanges are calling for regulatory improvements in China. |
CoinDesk, 1/1/0001 12:00 AM PST Bitstamp is launching new markets for Ripple’s XRP digital asset, offering trading pairs for USD and euros. |
Forbes, 1/1/0001 12:00 AM PST CME Group handles three billion contracts worth about $1 quadrillion annually. So why is it making a foray into bitcoin, whose market capitalization is a mere $16 billion? |
CryptoCoins News, 1/1/0001 12:00 AM PST […] The post Beijing News: Vulnerable Monetary System Led to Bitcoin’s Growth appeared first on CryptoCoinsNews. |
CryptoCoins News, 1/1/0001 12:00 AM PST […] The post India’s Axis Bank Taps Ripple Blockchain for Cross-Border Remittance appeared first on CryptoCoinsNews. |
CoinDesk, 1/1/0001 12:00 AM PST Bitfury's Valery Vavilov argues that blockchain technology will prove key to providing a more secure and inclusive world. |
CoinDesk, 1/1/0001 12:00 AM PST At least one bitcoin exchange in China is open to the idea that the digital currency could become more well-regulated domestically. Speaking to CoinDesk today, BTCC CEO Bobby Lee greeted rumors that the People's Bank of China is considering ways to better supervise the industry with enthusiasm, while pushing back against the idea that recent […] |