Monthly Archives: July 2018

Asset Management Firm Northern Trust to Start Crypto Custody Business

Chicago-based asset management firm Northern Trust Corp. is looking to begin a custody service for digital assets such as cryptocurrencies. Northern Trust Corp., a leading global asset management firm with $954 billion in total assets under management, is planning to start a custody service for digital assets, Bloomberg reported July 31. The company’s head of corporate and institutional business Pete Cherecwich told Bloomberg that the company has started developing a strategy to secure custody-held digital assets such as cryptocurrencies. He said the firm aims to offer a […]

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Why Tokenization Is Still a Chimera: Expert Take

Does the on-chain tokenization of real assets and private equities bring more advantages or more problems? In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please email your ideas and CV to george@cointelegraph.com. The views expressed here are the author’s own and […]

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Bitcoin Cash Fans Celebrate Independence Day One Year Later

Today is the one-year anniversary of the ‘Bitcoin Independence Day’ that took place on August 1 2017. Since that day the Bitcoin Cash (BCH) network and community have had a very productive year as the decentralized cryptocurrency has celebrated a ton of milestones including successful network upgrades, massive merchant adoption, and a wide variety of applications built using the BCH chain. Also Read: Interest in Philippines Economic Zone Crypto License Spikes – 17 Firms Paid in Full August 1 2017, Bitcoin Independence Day A year ago today Bitcoin […]

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Forrester Research: 90% of Blockchain Initiatives by US Firms Will Never Become Operational

According to the U.S. market research firm Forrester Research, 2018 will become “the year of reckoning for blockchain initiatives.” About 90 percent of currently active U.S. companies’ blockchain initiatives will ultimately be abandoned. This statistic comes from a study by Forrester Research, cited by Bloomberg in an article July 31. The U.S. market research firm Forrester Research predicts that most of blockchain-powered projects initiated by American companies will be put on hold in 2018. Specifically, Forrester Research estimates that in a whopping 90 percent of cases, the […]

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Survey: Crypto Exchanges Want Regulation but See Strict Policies as a Threat

The majority of crypto exchanges want to see the industry regulated, although many consider excessive regulation to be the biggest threat, according to a new study. A third of the platforms in the poll also fear a market crash that could suddenly devalue digital assets. A fifth of the exchanges dislike anonymity.     Also read: Huobi Informs Users on Decision to Launch P2P Trading in India Crypto Exchanges Want Regulation A new study reveals that a sizable majority of crypto exchanges, 88%, would like to see regulation in […]

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Op Ed: Is Green Crypto (Necessarily) an Oxymoron?

Cryptocurrencies are not exactly bathed in the light of righteousness right now when it comes to the environment. Despite not having a physical form, they are ultimately responsible for a substantial amount of environmental impact. This has stemmed from news stories detailing how, in Iceland, more electricity is being used to mine Bitcoin than is used to power its homes, or that Bitcoin mining now uses as much energy as all of Ireland consumes. Sensationalist as these headlines might be, there is no denying that Bitcoin, Ethereum […]

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More Than a Ledger: How Blockchains Will Democratize Wealth

To Mark Pascall, co-founder of BlockchainLabs New Zealand (NZ) and president of the Blockchain Association NZ, the blockchain space is more than just a new technology layer, it’s a “fundamentally different way for organizations and societies to operate.” It represents a historical reversal of the movement toward an evermore centralized society. “The major problem is that without mass decentralization, we get a bigger and bigger wealth disparity between the rich and the poor,” Pascall said in an interview with Bitcoin Magazine. Although we were in a hunter-gatherer […]

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Behlendorf: Google Can Benefit From “High-Velocity Development on Fabric”

Google is the latest tech giant to offer blockchain technology to its customers. The company announced that it would be introducing open-source integrations for applications built with both Ethereum and Hyperledger later this year through its Google Cloud Product marketplace. Speaking with Bitcoin Magazine, executive director of Hyperledger Brian Behlendorf explains, “This decision follows a similar path taken by Amazon Web Services, Microsoft Azure, and cloud-hosting services offered by Oracle, Huawei and IBM to offer ready-made templates for their ‘blockchain as a service’ offerings. There is growing […]

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75% of Millennials are More Likely to Date Someone Who is Into Bitcoin

A recently conducted study has reportedly found that 75% of millennials would be more likely to date someone who possesses knowledge about cryptocurrencies. The survey comes amid apparently increasing fascination with millenials’ views regarding cryptocurrencies. Also Read: Kim Kardashian Receives Her First Bitcoin Surveys Probe Millennials’ Views on Crypto An increasing number of companies have published surveys probing the views held by millennials regarding virtual currencies. A recent study claims to have found that “Over 75% of millennials [are] more likely to date someone knowledgeable about cryptocurrencies.” Despite the […]

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Nobel Prize Winning Economist Paul Krugman Expresses Skepticism About Crypto, Predicts Collapse

Nobel Prize winning economist Paul Krugman calls himself a “crypto skeptic” in a New York Times opinion piece. Nobel Prize winning economist Paul Krugman has expressed his skepticism about the value of cryptocurrencies in a New York Times Opinion piece published July 31. Krugman, who was awarded the Nobel Prize in Economic Sciences in 2008, explains his position as a “crypto skeptic” by noting the high transaction costs and an “absence of tethering” associated with cryptocurrencies. Krugman describes how the history of money has been slowly moving […]

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