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Title: [2015-04-24] IBT: Bitcoin and the Wall Street brain drain Post by: pawel7777 on April 24, 2015, 04:10:58 PM Bitcoin and the Wall Street brain drain http://www.ibtimes.co.uk/bitcoin-wall-street-brain-drain-1498124 Quote Wall Street has been throwing its weight behind bitcoin lately with high profile names leaving big ticket investment banks to join unheard of start-ups, focused on all aspects of cryptocurrency. The block chain is evolving into what has been called Finance 2.0 and it's now time the "grown-ups in the room" got involved, notes one Wall Street veteran. There are also sensible reasons why all banks should be looking at this. Three good ones are increased capital requirements needed to cover things like counter-party risk, the sheer cost of regulation and concerns about security, according to Blythe Masters, the former chief financial officer and head of global commodities at JP Morgan. ... Quote “Five years from now I would be surprised if asset managers don't all have at least a percentage of holdings in digital currencies” - Ron Quaranta, WSBA Title: Re: [2015-04-24] IBT: Bitcoin and the Wall Street brain drain Post by: Carlton Banks on April 24, 2015, 04:24:00 PM Bitcoin and the Wall Street brain drain http://www.ibtimes.co.uk/bitcoin-wall-street-brain-drain-1498124 Quote Wall Street has been throwing its weight behind bitcoin lately with high profile names leaving big ticket investment banks to join unheard of start-ups, focused on all aspects of cryptocurrency. The block chain is evolving into what has been called Finance 2.0 and it's now time the "pre-eminent criminals" got involved, notes one Wall Street veteran. There are also sensible reasons why all banks should be looking at this. Three good ones are increased capital requirements needed to cover things like counter-party risk, the sheer cost of regulation and concerns about security, according to Blythe Masters, the former chief financial officer and head of global commodities at JP Morgan. ... Quote “Five years from now I would be surprised if asset managers don't all have at least a percentage of holdings in digital currencies” - Ron Quaranta, WSBA fixed Title: Re: [2015-04-24] IBT: Bitcoin and the Wall Street brain drain Post by: Chef Ramsay on April 24, 2015, 10:26:19 PM I'm sure it helps to have some more experienced folks involved in some of these things to help facilitate things and make these startups more attractive to VC money.
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