NYSE Operator’s Crypto Platform Bakkt Completes $182.5 Million Funding Round
Intercontinental Exchange’s Bakkt announces the completion of its first funding round, raising over $180 million Go to Source Powered by WPeMatico
Wall Street
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Crypto Bear Market Triggers Rise in M&A Activity
In 2018 there was a rapid decline in initial coin offerings, a slowdown in blockchain business launches, and a bearish crypto market. During this period, companies with good liquidity have been scaling up and strengthening by acquiring startups. Also Read: Global Cryptocurrency M&As Rise M&A Deal Frenzy in 2018 In 2017 the number of cryptocurrency and … Read more
Bloomberg: Wall Street Giants Postpone Entering Crypto Industry Amid Falling Prices
Wall Street’s “dreams” of crypto businesses are now shelved and in limbo, Bloomberg writes, citing multiple sources Go to Source Powered by WPeMatico
‘The Drug Is Gone’: Mike Novogratz Compares Current Bitcoin Markets to ‘Methadone Clinic’
Comparing the current Bitcoin market to last year’s price highs, investor Mike Novogratz said “we’re at the methadone clinic” Go to Source Powered by WPeMatico
Poloniex Joins Fight for Institutional Investor Market With Dedicated Accounts
Circle-owned crypto exchange Poloniex forms latest player in the institutional investor market Go to Source Powered by WPeMatico
“Wall Street’s Bookkeeper” Enters Test Phase of DLT Replatforming Along With 15 Major Banks
Post-trade market infrastructure behemoth, the Depository Trust & Clearing Corporation, announced the start of its active test phase to replatform its Trade Information Warehouse via DLT technology. Cointelegraph has collated all of the updates so far: Go to Source Powered by WPeMatico
Updated Morgan Stanley Report Hails Cryptocurrency as ‘New Institutional Investment Class’
Morgan Stanley report says crypto remains “institutional investment class,” regardless of bear market volatility Go to Source Powered by WPeMatico
Morgan Stanley Is Still Struggling to Understand Bitcoin
Like many late arrivals to cryptocurrency, Morgan Stanley doesn’t quite know what to make of bitcoin. The investment bank understands money, unless that money is peer-to-peer digital cash, in which case it struggles. Its latest report into the cryptocurrency ecosystem reveals its shifting stance on bitcoin. Also read: Bitcoin.com Store Now Offers Hundreds of Top-Branded Gift … Read more
Fundstrat’s Tom Lee ‘Pleasantly Surprised’ by Recent Stability of Bitcoin
Bitcoin analyst Tom Lee is “pleasantly surprised” by the recent stability of Bitcoin, given “how small BTC is in terms of market capitalization Go to Source Powered by WPeMatico
Bitcoin Intentions: Are We Aiming to Replace the Status Quo or Become Them?
When the idea of a working digital currency like bitcoin was introduced, many of its early adopters disliked the current bureaucratic system, with a cartel of bankers pulling the world’s monetary strings. Over time, however, something weird has happened and the idea of permissionless innovation perverted into people literally asking nation states for permission, begging … Read more
