Bitcoin will rally this year and reach its previous highs, CoinShares Chairman Danny Masters predicted. But here’s what needs to happen first: Better structures and a life cycle post initial coin offerings (ICOs) — the fundraising process that helps launch new cryptocurrencies. “We need to see this [cryptocurrency] structure continue to build,” Master said on … Read more
Steve Chiavarone, a VP at financial services company Federated Investors, made bullish comments on blockchain technology as an “economic growth driver” in an interview on CNBC Friday, May 11. Responding to whether blockchain will be a driver of economic growth, Chiavarone noted the potential for automatization and increased efficiency blockchain offers, saying: “When you think about … Read more
The authors of a study at the National University of Ireland (NUI) Galway on the adoption of blockchain in Ireland, called on the government to promote the technology more broadly in the country, The Irish Times reported May 11. The study proposes recommendations to increase blockchain awareness and adoption, that can reportedly have a positive … Read more
Bitcoin, and the idea of digital cash has taken hold of the banking sector as banks and financial institutions start to experiment internally with blockchains and cryptocurrencies in order to be at the forefront of these technologies. This, coupled with the fact that government organisations and even global leadership bodies such as the G20 are … Read more
Blockchain Week New York City, the annual conference also known as Consensus 2018, kicked off yesterday. Based on the market reaction in the previous three events, analysts expect the prices of Bitcoin and altcoins to move upward. Fundstrat’s technician Robert Sluymer says Bitcoin has bottomed with an upside seen from here. Blockchain Week New York to … Read more
Cryptocurrency market will see crash and then consolidation, Ethereum co-founder says: A report has it that the cryptocurrency market will strengthen after bitcoin alternatives that lack substance have failed, a former chief executive and co-founder of Ethereum said. “My personal opinion is that we’re going to see a consolidation after a crash,” Charles Hoskinson told … Read more