Fans of bitcoin also claim that the value of cryptocurrencies should be more stable because there is a finite supply of coins. Governments can always print more money. But bitcoin skeptics, including investing legend Warren Buffett, think bitcoin is something to be avoided at all costs.
Bitcoin, the best-known of the cryptocurrencies, is not without controversy, but one fact is indisputable: more and more venues accept it.
StockMarketNews.Today – 10 Cities That Are Bitcoin Hotspots. Bitcoin, the best-known of the cryptocurrencies, is not without controversy, but one fact is indisputable: more and more venues accept it. In this article, we identify cities that are at the forefront of embracing the virtual currency.
What next after cryptocurrency bubble bursts? Bitcoin, the original and most valuable crypto, has plummeted from $19,000 to $6,000-$8,000.
StockMarketNews.Today – In January, the total market capitalisation of cryptocurrencies had climbed beyond $800bn, up from just $18bn a year earlier according to data provider CoinMarketCap. Now the market has lost three-quarters of its value to stand at $200bn.
Intercontinental Exchange, the world’s second-largest exchange group by market value, has deepened its involvement in digital currencies with a new company that aims to make them mainstream for institutional investors and consumers.
StockMarketNews.Today – The Atlanta-based group on Friday announced plans to launch Bakkt, a business that plans to build infrastructure allowing easier use of digital currencies for everyday transactions. Earmarked to lead the venture is Kelly Loeffler, ICE’s head of investor relations and the wife of Jeff Sprecher, chief executive.
Hong Kong launches blockchain-based trade finance. Monetary Authority works with Ping An to cut paperwork and reduce fraud.
StockMarketNews.Today – Hong Kong’s de facto central bank will go live next month with a blockchain-backed trade finance platform set to link up with 21 banks, including HSBC and Standard Chartered.
Spanish banking giant Banco Santander (MC:SAN) announced on Wednesday that it intended to implement distributed ledger technology (DLT) for securities transaction processes, from issuance to trading and settlement.
Swiss bourse launches cryptocurrency platform. The platform being built by the Six exchange is designed to be used for cryptocurrencies such as bitcoin, and other digital assets, and will be based mainly on Blockchain distributed ledger technology.
StockMarketNews.Today – Jos Dijsselhof, Six’s chief executive, said: “For us it is abundantly clear that much of what is going on in the digital space is here to stay and will define the future of our industry. The financial industry now needs to bridge the gap between traditional financial services and digital communities.”