Potential start of more widespread decoupling of alt coin price action (solid projects) with BTC price action. Crypto Market Recovers,…
Is Cryptocurrency the Way to Get Millennials Investing in Real Estate Again?
Morgan Stanley Says Crypto Is a New Institutional Asset Class Summary: In an update to “Bitcoin Decrypted: A Brief Teach-In and Implications,” the global banking giant’s research division delved into the last six months of bitcoin and highlighted certain trends it noticed. Perhaps most notably, the report emphasized its “Rapidly morphing thesis,” which began by defining bitcoin as “Digital cash” and noting that investors had full confidence in it, to a solution for issues in the financial system, to a new payment system to ultimately a new institutional investment class. Various issues and discoveries around the bitcoin ecosystem have caused the thesis to evolve, including the permanent ledger recording all transactions, anumber of hacks, hard forks, new technologies which are cheaper than bitcoin, market volatility and other concerns, the report explains. Also in other news, Ron…
Try as they might – https://cryptohustle.com/the-struggle-between-banks-and-crypto-exchanges Summary: Over the years we’ve seen a trend of banks deciding to stonewall exchanges by freezing accounts, or by blocking the movement of funds worldwide, or they ban purchases of cryptocurrencies with bank cards. They’ve also claimed that the big six banks in Canada have been stonewalling crypto exchanges, making it increasingly difficult to find banking partners. In Bulgaria, a blanket-sweep from their top banks “Terminated accounts held by the country’s cryptocurrency exchanges.” Supposedly, the risk of dealing with fiat-bitcoin transactions was just too great, so the banks coordinated efforts “To block accounts held by Bulgarian crypto exchanges” And the banks did this without government decision on appropriate measures for regulation. In December 2017, Australian crypto exchange Coinspot had to temporarily suspend AUD deposits due to ongoing friction with local banks. The hostility of some banks towards crypto exchanges shows that they may be threatened by the technology. 5:32pm Update – As I was saying… Brazilian…
Nasdaq Wins Blockchain Patent For Smart Contract-Based Information Release System Summary: The world’s second largest stock exchange by market cap, Nasdaq, revealed anew blockchain patent award Tuesday, October 23, in a bid to tackle the releaseof information for the media industry. The application, originally filed in January of last year, makes reference to “Aninformation computer system provided for securely releasing time-sensitive information to recipients via a blockchain.” Blockchain technology, or more specifically smart contracts, could be used toautomate and ensure the security of the information release process. “Each modification and/or approval of the document is recorded as a separatetransaction on the blockchain where each of the submitter, editor, approver, and recipients interact with the blockchain with corresponding unique digitalidentifiers – such as private keys.”
Looks pretty cool, now SRN and NPXS have some competition from a major manufacturer – https://www.htcexodus.com/us/ Regarding Elon Musk – https://www.coindesk.com/elon-musk-teases-bitcoin-service-in-cryptic-crypto-tweet/…
IBM’s World Wire launches in a few days on the Stellar protocol. Interesting that IBM refers to appetite for digital…
Goldman Sachs Group Inc. and a venture founded by one of its former partners, billionaire Mike Novogratz, are investing in cryptocurrency custodian BitGoHoldings Inc., as the bank’s deep-pocketed clients keep asking about secureways to hold those assets. The endorsement from two firms with strong Wall Street roots may help BitGoattract more institutions and wealthy investors as customers. https://www.bloomberg.com/news/articles/2018-10-18/goldman-wades-deeper-in-crypto-betting-on-bitgo-with-novogratz?utm_content=crypto&utm_source=twitter&utm_campaign=socialflow-organic&utm_medium=social
https://searchhealthit.techtarget.com/news/252450726/News-roundup-3-new-blockchain-in-healthcare-use-cases ONT partnership for EMR, similar to Medibloc except for Japan/China – https://info.ont.io/press/N0104/en
On top of everything posted, all signs are pointing to go. The bottom of alts are being bought. This post summarizes…