‘Expert’ Says Startups Should Go All-In on Blockchain

By CCN: Bernhard Schroeder, an educational director of entrepreneur programs at San Diego State, implores entrepreneurs and investors to focus on the blockchain, rather than Bitcoin. In a new editorial today in Forbes. Schroeder classifies Bitcoin as a speculative investment which may or may not work out long-term, but lauds the merits of blockchain, which he describes as “a serious technology.” The Resurrection of the ‘Blockchain, Not Bitcoin’ Brigade Schroeder believes that “the real potential” for blockchain technology will emerge from the companies who decide to build on it. Hundreds…

Banks Love Ripple (XRP), Demand Could Drive Prices $0.80

Ripple (XRP) up 27.3 percent Brad Garlinghouse says Ripple ready to work with banks and regulators In an interview with Recode Decode podcast, Brad Garlinghouse once again reiterated their will of working with regulators and not against them. Meanwhile, prices are stable with XRP trading below Q1 2019 lows. Fundamentals By design, Ripple Inc solutions are meant to meet the demands of Banks and financial institutions. That is a goal Brad Garlinghouse is working towards achieving. Although there are regulatory challenges, especially on the interpretation of whether Ripple (XRP) is…

Banks Love Ripple (XRP), Will Demand Drive Prices to 80 Cents

Ripple (XRP) up 27.3 percent Brad Garlinghouse says Ripple ready to work with banks and regulators In an interview with Recode Decode podcast, Brad Garlinghouse once again reiterated their will of working with regulators and not against them. Meanwhile, prices are stable with XRP trading below Q1 2019 lows. Fundamentals By design, Ripple Inc solutions are meant to meet the demands of Banks and financial institutions. That is a goal Brad Garlinghouse is working towards achieving. Although there are regulatory challenges, especially on the interpretation of whether Ripple (XRP) is…

Bitcoin Beats Other Cryptos in ‘Smarter’ Bull Market, Says Billionaire Investor

By CCN: Mike Novogratz, the billionaire CEO of Galaxy Capital and a former hedge fund manager at Fortress Investment Group, believes alternative cryptocurrencies, or altcoins, will be outperformed by bitcoin in the bull market. Not this time. Market getting smarter. $btc will outperform. — Michael Novogratz (@novogratz) May 19, 2019 The statement of Novogratz comes after the bitcoin price risen by more than 115 percent year-to-date against the U.S. dollar, leading the crypto market to add $124 billion to its valuation. Will bitcoin continue to outperform altcoins? Historically, altcoins have…

The Key to Institutional Investment Growth?

Registered custodial services, which are common in traditional investment classes, have been on the rise in the digital asset sphere, including for cryptocurrencies. Branding China Group (BC Group) has recently unveiled its plans for an insured custody service specifically for cryptocurrencies. A conglomerate with a diversified portfolio of blockchain-focused businesses in marketing communications and technology, believes its custody service removes one of the key barriers that have prevented professional traders and institutions from adding digital assets to their portfolios to date. Leading United States crypto exchange and wallet provider Coinbase…

Tom Lee Cites 13 Confirmations That the Crypto Winter Is Over

Fundstrat Global Advisors co-founder Tom Lee has claimed that the crypto winter is over in a tweet on May 19. In the message, Lee said last week’s Consensus conference in New York City was the latest of 13 signs indicating that the industry is recovering after a tough few months. His timeline of events documenting the turnaround dates back to November 2018, when a bitcoin cash (BCH) hard fork battle exhausted the bitcoin (BTC) supply held by two rival mining pools. Other significant milestones listed by Lee include Jan. 23 of this year, when on-chain transactions…

South Korean Bitcoin Exchanges Post Highest Fiat Influx

An average bitcoin investor in South Korea has dumped more fiat money than the one in other countries, reveals CryptoCompare. The London-based data analytics firm found that cryptocurrency exchange BitHumb has received over $16 billion worth of fiat money in April 2019. The firm further noted that Upbit, a BitHumb-rival, posted the second-best influx of fiat-based capital at around $7.5 billion in the same month. At the same time, US-based exchanges Coinbase, Gemini, and Kraken paled in comparison, posting capital injections between $1-5 billion each. South Korean Crypto Market Attracting…

$25,000 Bitcoin Price Next for Perma-Bull Lee after Ringing Crypto Winter Dead

By CCN: Fundstrat CEO Tom Lee says the ‘crypto winter’ is finally over, offering 13 solid reasons to back up his claim. According to the bitcoin perma-bull, there’s nothing but blue sky between here and his $25,000 price prediction. If he’s right, then bitcoin has bottomed for this cycle and we have now entered a bull market. Lee’s 13 signs touched on everything from technical analysis, Wall Street involvement, bitcoin metrics, and generally positive sentiment. After a disturbing pullback to ~$6,200, #Bitcoin back >$8,000 further cementing positive trend intact. As…

Japan Struggles to Regulate Online Gambling

Despite Japan’s reputation for being one of the most welcoming nations for fintech, online crypto gambling has struggled to take off in light of the country’s strict regulation. In late March, the blockchain-based, decentralized application (DApp) platform Tron announced that it would block gambling DApps in Japan, bringing the issue of regulating crypto gambling back to public attention. Cointelegraph takes a look at the legal and cultural approaches to gambling in Japan, along with how developers believe attempts to halt crypto gambling can only last so long. Tron complies with…

FedEx Blockchain Strategist Sees Teamwork as Key to Developing Blockchain Business Models

A senior executive from American delivery services company FedEx is unconvinced about the benefits of blockchain technology in its present form, Memphis-based local news outlet Commercial Appeal reported on May 20. In a new interview, the firm’s dedicated blockchain strategist, Dale Chrystie, said FedEx remains pragmatic about blockchain despite its previous efforts to integrate it. As it stands, conventional processes covering the shipping database aspect of its operations are superior, at least in part due to the nascent stage of blockchain. “To kind of burst the bubble, it’s not our…