Goldman Sachs (NYSE:GS) has finally clarified that a cryptocurrency trading desk is not in its plans for the foreseeable future. Some investors must feel downtrodden about this news. Let’s find out what’s going on. Cryptocurrency Trading Desk? The Goldman Sachs Rumour Mill The rumour mill has been churning for some months now; it was believed…
Iran’s Supreme Cyberspace Council Secretary, Abolhassan Firoozabadi, just revealed that various entities within the country’s government have accepted cryptocurrency mining as an industry. The local news agency IBENA reported the Iran crypto news just this morning. According to this report, Firoozabadi stressed that the mining of crypto has been approved, but a legal framework for the…
The cryptocurrency market is on the fritz this morning as most cryptocurrencies are in the red and seeing losses in the double-digital percentages. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are all taking significant losses today. Bitcoin Diamond, however, is currently seeing gains well above 100%. Many speculate that the fall of the crypto market…
A report published by Coinbase has revealed the growing levels of interest in blockchain technology and cryptocurrencies at the academic level. To prepare the report, Coinbase inspected the courses offered at the top 50 universities in the world as ranked by the US News Best Global Universities list. In order to provide a true representation…
Looking back at 2013 it will come as no surprise that bitcoin (BTC) was number one in the top 10 measured by market capitalization (and about every other metric). It is a position that BTC has maintained, from the time the first competing altcoin – Namecoin – was launched in 2011 until today. The list…
In today’s edition of Crypto Daily News, we’ll cover the details of the Chinese Central Bank launching its blockchain platform and Robinhood launching candlestick charts on its app. Crypto Daily News: September 4th, 2018 Cryptocurrency News: Chinese Central Bank The People’s Bank of China (PBoC) has officially launched the beta testing phase of its blockchain…
Satoshi’s vision for Bitcoin was to build an economic vehicle that did not require a trusted agent. This is often called a ‘trustless’ system of payment. His justification for launching Bitcoin was that the trusted agents could no longer be trusted. Specifically, the trusted agents had become corrupt, and people needed a method of commerce…
Cryptocurrency enthusiasts and bulls have been hopeful that the US Securities and Exchange Commission (SEC) will grant the first Bitcoin ETF (exchange-traded fund) this year. However, these bulls have been left disappointed recently as the SEC has handed out a handful of rejections and postponements. Bill Barhydt, CEO of Bitcoin payment start-up Abra, told CNBC…
Each day, more and more blockchain technology-based solutions are being developed across various major industries and applications globally. It’s also evident how the blockchain revolution has brought about great success, especially in the financial sphere. In fact, as time goes by, we expect to see more industries adopting this technology. The nascent rise of blockchain…
During 2017 and what might be considered the ICO ‘heyday’ it is fair to say that the legal status of many of these capital raising initiatives wasn’t a priority for founders — if it was considered at all. As the year wore on, however, the size of the raises began attracting attention beyond the crypto-world…
