Day: January 23, 2019

Economist’s Quip That Bitcoin (BTC) Fails Financial “Tests” Is Wrong: Hot Take

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Davos may be an event centered around the realm of traditional finance, but crypto & blockchain technologies have been mentioned. In a recent interview with Bloomberg TV, Huw Van Steenis, senior advisor to Bank of England’s governor, Mark Carney, bashed this nascent asset class. Steenis, who purportedly is compiling a report about the future of finance, claimed that cryptocurrencies, like Bitcoin (BTC) aren’t on his radar, or list of concerns for that matter. The former Morgan Stanley economist, a seeming critic of often-nebulous digital currencies, then remarked that blockchain-based assets “fail”…

Reverse Merger Could Take Bithumb Crypto Exchange Public in the U.S.

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Singapore-based holding firm Blockchain Exchange Alliance, which has a controlling stake in major crypto exchange Bithumb, is looking to list in the United States by acquiring a publicly traded company in the country, CNBC reports on Jan. 22. According to CNBC, a publicly-traded holding company called Blockchain Industries announced that it had a binding letter of intent with Blockchain Exchange Alliance. Acquiring a publicly-traded company, or a so-called reverse merger, can be a faster way to take a company public than a traditional Initial Public Offering (IPO). Should the reverse…