Day: June 28, 2019

Billionaire Henry Kravis Invests in Former Employee’s Crypto Fund

boss

Billionaire Henry Kravis has started investing in the cryptocurrency space, according to a report by Bloomberg on June 28 Ben Forman, a former employee of Kravi’s KKR & Co, said that Kravis has invested in the flagship fund for his blockchain-focused investment firm ParaFi Capital of San Francisco. Discussing his decision to leave KKR to found ParaFi Capital, Forman said that he intends to pursue cryptocurrency investing at his new firm: “While I toyed with the idea of pursuing blockchain investing within KKR, it was clear to me that the…

Crypto Projects Pose No Threat to Banking System

boss

JPMorgan Chase CEO Jamie Dimon said that he does not think that cryptocurrency projects pose an existential threat to JPMorgan’s core business.  During an interview with Yahoo Finance on June 27, Dimon discussed crypto’s potential impact on the existing banking system: “We move $6 trillion a day around the world. It is very cheap, very secure, it works. And the banking system has already built Zelle, real time p2p, and TCH, the clearancing house, with the banking system built real time payments. We already have all that.” Dimon further stressed…

Thank Elizabeth Warren for the Bitcoin Price Surge

boss

Not that long ago, economist Tyler Cowen told bitcoin to “put up or shut up.” Following the cryptocurrency’s ridiculous ascent during the first half of the year, the George Mason University professor finds himself forced to begrudgingly admit that the nascent asset is “probably here to stay.” And he says you can thank Elizabeth Warren for that. How Elizabeth Warren Is Driving the Bitcoin Price Boom The bitcoin price has roughly quadrupled since bottoming out in December 2018. | Source: TradingView Writing in a Bloomberg Opinion column, Cowen lays out…

Reserve Bank of India Developing Blockchain Banking Platform

boss

The Reserve Bank of India (RBI) is developing a blockchain platform for banking in its R&D branch, according to a report by BusinessLine on June 28 The blockchain platform will reportedly host a number of blockchain applications, and is slated to launch next year. This model platform is reportedly being designed to serve banks; according to the director of The Institute for Development and Research in Banking Technology, RBI’s R&D branch, the platform is “for blockchain applications for the government in banking.” While RBI appears to be moving into the…

Swiss Crypto Bank Dukascopy to Introduce Its Own Cryptocurrency

boss

Switzerland-based online bank Dukascopy is developing its own Ethereum blockchain-based stablecoin, according to the white paper published on June 27 Per the document, Dukascopy intends to issue ERC-20 stablecoins dubbed “Dukascash” pegged to the euro, Swiss franc, and U.S. dollar, and gradually increasing the list of Dukascash tokens’ base currencies depending upon customer demand. The bank further specified:  “The initial Dukascash tokens tranches of roughly CHF 10 million or equivalent in each base currency will be issued and initially kept by the Bank as ‘unreleased’ tokens. Additional Dukascash tokens will…

Ethereum Classic (ETC) Shaky But Atlantis May Spur A Rally To $25

boss

Ethereum Classic (ETC) down 7.8 percent Atlantis may prime ETC bulls aiming at $25 By syncing with other assets, ETC gains were decent. At a precipice, there must be upswings above $10 to reaffirm the presence of buyers ahead of September 2019 Atlantis upgrade. Ethereum Classic Price Analysis Fundamentals Like Ethereum, Ethereum Classic retained smart contracting capabilities and immutability. Following the Decentralized Autonomous Organization (DAO) hack, Vitalik and team forced a split. Meanwhile, Charles Hoskinson, and purists of blockchain principles, rejected tweaks to recover the lost millions. All the same,…

Price Analysis 28/06: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, ADA, TRX

boss

Is this correction a buying opportunity or has bitcoin made a short-term top? Let’s analyze the charts. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. When an asset class jumps 275% within a span of six months, corrections are bound to happen. Bitcoin (BTC) witnessed one such violent correction on June 27. Fundstrat…

Bitcoin’s Big Price Drop Is the Latest in a Long History of Flash Crashes

boss

On Wednesday, June 26, the price of BTC came close to reaching $14K. One hour later, it had dropped by close to 18%. Such events are known as a flash crash, a moment in time where a rapid-sell off happens and often times a few exchanges become inoperable. Over the last few years, especially when the market is extremely bullish, flash crashes have been prevalent. Also Read: Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque The June 2019 BTC Flash Crash The price of bitcoin core (BTC)…

Coinbase Releases Key Findings on Crypto Awareness and Adoption in US

boss

Major American cryptocurrency exchange Coinbase released key findings about awareness and adoption trends related to digital currency in the United States in a blog post published on June 28. Coinbase’s survey that spans the past year and 2,000 participants revealed that cryptocurrency awareness in the U.S. has continued growing, with 58% of Americans having heard about bitcoin (BTC). Of them, some expressed a desire to diversify their investment portfolios with digital currencies, were excited by crypto’s idea of a worldwide currency, or liked the absence of high transfer fees. The…

Ethereum (ETH) Bulls Shaky, Close Above $400 Vital

boss

Ethereum (ETH) prices are stable Interoperability will be overarching in days ahead Developers are working to address the scalability pain points. Meanwhile, Ethereum Classic developers are lining up two hard forks in the course of the year to make their dApps compatible with Ethereum’s in a hallmark move highlighting the significance of interoperability. Ethereum Price Analysis Fundamentals Increasingly, innovation is only one stage of the winding road to success. Forging alliances, on the other hand, guarantees visibility. Jostling for funds is one part of the equation. Then again, the said…