Tag Archives: wall street

The ‘Loose Theory’ that Wall Street is Manipulating Bitcoin (BTC) and Cryptos To Buy Cheap

Hollywood movies are never too far removed from reality. In the case of unfair practices on Wall Street, we have seen it in legendary movies such as the 1987 classic by Michael Douglas and Charlie Sheen also known as Wall Street. The movie was loosely responsible for the attraction many young graduates – in the 80s and 90s… Read More »

Poloniex Joins Fight for Institutional Investor Market With Dedicated Accounts

U.S. cryptocurrency exchange Poloniex has launched a dedicated offering for institutional traders, the company announced in a blog post Dec. 4. Poloniex, which merged with financial services company Circle in February this year, currently ranks 47th in the world among crypto exchanges by trade volume. The exchange joins an increasing array of operators looking to service the institutional… Read More »

Harbor Launches its First Securities Offering With Sale of $20 Million USC (Carolina) Dormitory Facility

With the SEC earlier this month declaring their stance on ICOs and that some can be categorized as Securities Offering, a firm by the name of Harbor has launched a platform to tokenize private securities. The firm announced their first private sale via medium and it will be of a dormitory facility at the University of South Carolina.… Read More »

Sources Indicate Nasdaq Plans to Launch Bitcoin (BTC) Futures by Early 2019

Amidst the current decline of Bitcoin there is some good news as sources indicate that Nasdaq Inc. is moving ahead with plans to launch Futures contracts based on BTC. According to Bloomberg, two sources familiar with the matter have stated that the firm has shown continual interest in the investment products despite the bear market conditions from earlier… Read More »

Bakkt Focusing on Bitcoin Due to Its Liquidity and Classification as a Commodity

Following the cryptocurrency market’s foray down to fresh yearly lows, investors are becoming increasingly alert to news regarding upcoming institutional-aimed products, including that being offered by Bakkt.On the heels of Bakkt’s recent decision to delay their platform’s launch until late-January, 2019, the company released an update on their Twitter account informing the public about why Bitcoin will initially… Read More »

Wall Street Blockchain Alliance Launches Enterprise Solutions Working Group

One of the largest non-profit trade associations is moving forward to encourage blockchain adoption globally. In a recent release, the Wall Street Blockchain Alliance (WSBA) is all set to launch the Enterprise Solutions Working Group (EWG). WSBA and the Excitement About the Launch WSBA’s website claims that “it is a non-profit trade association” and a brainchild of financial… Read More »

“Wall Street’s Bookkeeper” Enters Test Phase of DLT Replatforming Along With 15 Major Banks

On Nov. 6, the post-trade market infrastructure behemoth, the Depository Trust & Clearing Corporation (DTCC), announced that it is entering the test phase of its attempt to replatform its Trade Information Warehouse (TIW) via the use of distributed ledger technology (DLT). DTCC enters active trial phase for TIW replatforming The move to a blockchain platform comes at a… Read More »

Why The Future of a Bitcoin (BTC) ETF is Uncertain with the Current BCH Hash War

Before the current market turmoil brought about by the ongoing Bitcoin Cash (BCH) Hash Wars, many crypto enthusiasts were anxiously waiting on the SEC to make a ruling on a few Bitcoin ETFs. 9 Bitcoin ETFs Under Review First on the list, were 9 Bitcoin (BTC) ETFs that are currently under review at the American regulatory body. These… Read More »

Revolut CEO: Wall Street Doesn’t Want Cryptocurrency Yet, But I’m Bullish For 2019

“There’s No Interest From Big Institutional Investors [For Cryptocurrency] So Far” The arrival of institutions has long been seen as the cryptocurrency industry’s holy grail, so to speak, with investors clamoring for household names to allocate capital, time, and manpower to this nascent asset class. However, the hopes of many were quashed, as one of this industry’s own… Read More »

Cryptocurrencies start contributing as Square earning beats street estimate

It was all joys for Jack Dorsey’s Bitcoin-integrated financial services company Square as they received two stunning news – First being it took over Twitter (Jack’s other company) in market cap $30 billion to $25 billion and Second being that the company delivered stellar quarterly results beating street estimates. One thing worth noticing here was cryptocurrency business did… Read More »