Day: May 24, 2019

Institutions Flood Back to Crypto, Lean Long on Bitcoin (BTC)

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Institutional Bitcoin & Crypto Volume Skyrockets At long last, institutional fever for Bitcoin (BTC) and crypto is spreading once again. This time, they may just be here to stay. That’s the hope anyway. As recently pointed out by John Todaro of TradeBlock, institutions seem to be clamoring for common Joes and Jills’ Bitcoin and other digital asset holdings. In a recent tweet, Todaro pointed out that trading activity on futures/derivatives platforms outpaced spot exchanges for the first time in May, “suggesting a rise in institutional interest” in this space. Indeed,…

Report: Telegram to Launch TON Network in Q3 2019

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Encrypted messaging service Telegram will purportedly launch its Telegram Open Network (TON) in the third quarter of 2019, according to crypto news site The Block. An internal memo sent to investors reportedly said that the network would launch later this year. Telegram purportedly said that a recent successful test process “reaffirms our belief that the TON virtual machine and the TON … Byzantine consensus algorithm are capable of meeting the goals stated in the original white paper.” In April, Cointelegraph reported that Telegram opened access to a private testing version…

Millennials Prefer Bitcoin Over Gold, BTC ETF Demand Exists

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Bitcoin Over Gold During Bloomberg’s “ETF IQ” segment yesterday, a financial advisory head said Bitcoin (BTC) exchange-traded funds (ETF) are preferred over their gold counterparts by millennial investors. Nate Geraci, the head of The ETF Store, an investment advisory group that seemingly specializes in funds, noted that many of their younger clients ask if they can replace a core gold holding, seen as a hedge/non-correlated asset, with one that holds cryptocurrency, namely Bitcoin. In fact, Geraci quipped that 90% of their millennial clients suggested Bitcoin over the precious metal. The…