Goldman Sachs is waiting to throw its hat in the cryptocurrency ring until the U.S. government gives the asset a thumbs-up,
American Banker reports. At the DTCC conference this week, Martin Chavez, global co-head of the securities division at Goldman,
outlined that we shouldn’t expect to see the investment bank get more involved with crypto until it has solid backing. Continue reading ‘Super Interesting’ Bitcoin Needs US Govt Backing Before We Support Crypto: Goldman Sachs
Mass adoption of Bitcoin is the ultimate endgame for many developers and advocates of the most popular crypto asset today. The real visionaries of the space hope for a world in which the national government’s power is eroded by trustless forms of currency and governance enabled by blockchain technology. Under this scenario, individuals around the globe would make near-instant, cheap payments for goods and services without intermediaries, using second layer Bitcoin scaling protocols such as the Lightning Network. And the corporations requiring the most secure transfers would likely dominate activity on the mainchain. Naturally, with a huge percentage of the planet’s wealth being stored in Bitcoin, the would be many times greater than it is now. For example, if Bitcoin was to exceed the market capitalization of gold ($7.8 trillion), the price of a single Bitcoin, presuming that all were mined and none was lost (but they are), would be around $371,430. Continue reading Bitcoin Mass Adoption: When Should We Expect It?
There have been talks about the ways to help cryptocurrencies become mainstream and the co-founder of Bancor, Galia Benartzi has aired her view, stating that for the crypto space to achieve the 1 billion users mark, it would have to look beyond just investors. Continue reading In the push to one Billion Crypto Users, We Must Think Well Beyond Hodling
In a discussion with host Ran Neur, Walker also talked about Vlad Zamfir joining his project and said he is vying to launch the Casper technology even before Ethereum does. Continue reading Co-founder of Casper Labs believes we may see a third version of Ethereum soon
Cameron and Tyler Winklevoss did an Ask Me Anything session on Reddit following a full-page advertisement in the New York Times. Continue reading Cameron Winklevoss says We Know We Aren’t Going to Please Everyone