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INVESTING IN BITCOIN: NEW INSTITUTIONAL PLATFORM BY FIDELITY

Fidelity Investments has recently announced the launch of a separate arm, which will give its institutional clients the opportunity to trade in cryptocurrencies like Bitcoin. The arm, known as Fidelity Digital Asset Services, LLC, will buy and sell digital currencies for various monetary ventures such as hedge funds and family offices. Continue reading INVESTING IN BITCOIN: NEW INSTITUTIONAL PLATFORM BY FIDELITY

Former Ernst & Young Analyst Disillusioned by the Blockchain

A recent article in Barron’s describes Angus Champion de Crespigny, who spent ten years at professional services firm Ernst and Young and led the blockchain financial services division for years and was the subject of the article entitled “This Blockchain Believer Turned Heretic Is Still Bullish On Bitcoin,” as a “major skeptic.” Champion de Crespigny describes himself as an “experienced executive with 11 years in financial services, evangelist for bitcoin and cryptocurrencies, and a pragmatist for distributed and decentralized systems.” Continue reading Former Ernst & Young Analyst Disillusioned by the Blockchain

WHAT THE CRYPTO? (INFOGRAPHIC)

By this time, everybody has heard about Bitcoins and cryptocurrencies. The very first cryptocurrency was, in fact, Bitcoin, and it was engineered in 2009 by Satoshi Nakamoto, an anonymous crypto architect(s), thus creating a very first decentralized cryptocurrency. Continue reading WHAT THE CRYPTO? (INFOGRAPHIC)

Coinbase Overshoots 2017 Revenue Goal By 66%

America’s largest cryptocurrency exchange Coinbase reportedly made $1 billion in revenue in 2017, overshooting its 2017 revenue forecast of $600 mln by 66 percent, Recode reports, citing “industry sources.” According to Recode, despite the peaked interest of outside investors, the company remains private and does not allow stock to be traded on secondary markets.

The platform was swamped by an influx of new users looking to set up trading accounts as Bitcoin entered a massive bull run in November, 2017. Following the announcement of Bitcoin futures launch early that month on CME, Coinbase saw 100,000 new users sign up in just 24 hours.

Reference: https://cointelegraph.com/news/coinbase-overshoots-2017-revenue-goal-by-66-making-1-bln-rejects-further-vc-funding