Some people like to know that there are rules governing a crypto they are investing in. Those that are skeptical about cryptos due to the fact that your money can just disappear and nothing you can do about it, would be more comfortable with a centralized rule-based coin!
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Fidelity announces a new company called Fidelity Digital Asset Services that will handle cryptocurrency custody and trade execution for institutional investors cnbc.comFidelity just made it easier for hedge funds and other pros to invest in cryptocurrencies Financial services giant Fidelity is taking a huge step into cryptocurrency. The 72-year-old firm announced the launch of a separate company, Fidelity Digital Asset Services, on Monday that will handle cryptocurrency custody and trade execution for institutional investors. "Our goal is to make digitally native assets, such as bitcoin, more accessible to investors," Fidelity Investments Chairman and CEO Abigail Johnson said in a press release. "We expect to continue investing and experimenting, over the long-term, with ways to make this emerging asset class easier for our clients to understand and use." Tom Jessop, head of Fidelity Digital Assets, said the idea of commercializing a standalone crypto company began in the middle of last year. For now, its services are available to institutions such as hedge funds, endowments and family offices but not to the retail investor. "We saw that there were certain things institutions needed that only a firm like Fidelity could provide," Jessop told CNBC, adding that it already works with 13,000 institutional clients. "We've got some technology that we've repurposed from other parts of Fidelity — we can leverage all of the resources of a big organization." Fidelity is nothing if not big. It administers $7.2 trillion in customer assets, has 27 million customers, and spends $2.5 billion per year on technology, partially through incubators that house its artificial intelligence and blockchain projects. The new digital asset company was born out of Fidelity Center for Applied Technology, or FCAT as employees call it. The new company will handle custody, or how to safely store digital assets. Crypto companies Coinbase, Gemini (run by the Winklevoss twins), BitGo, Ledger and ItBit are among those already working on similar solutions. Japanese bank Nomura also announced plans in May to offer crypto custody, and Goldman Sachs and Northern Trust are reportedly exploring custodial services. But until now, there's been a noticeable lack of a big U.S.-based incumbent like Fidelity officially entering the space. more on CNBC.com Hi vit05! Great news and it brings further legitimacy to the industry. Fidelity is big. Mainstream: $7.2 Trillion Asset Manager Fidelity Will Help Customers Invest in BTCInstitutional money start pouring in soon.
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In future if bitcoin is allowed in countries around the world and most online based companies will start to allow bitcoin as their payment currency/gateway/exchange. But what do you think if we would be allowed to transfer our money to our bitcoin wallet from our bank accounts like PayPal does? Will it be a good thing for banks and us?
Hey rishad quraishi! Both markets are useful. Plus they were right about the overvalued Bitcoin bubble. Warren Buffet was actually right. Crypto is the future but there's a looong way ahead. Take it easy. And yeah, hyperinflation is going to destroy the banks at some point.
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For those of you that think that Bitcoin is going down this article proves that it's still the strongest in the cryptocurrency world. Not since December 2017 has Bitcoin been such a dominant part of cryptocurrency. Full article here: https://bitcoinist.com/cryptocurrency-market-54-bitcoin/ Wait for crypto to dump.. its not irrational.. if stokcs will dump then crypto will too.. there is no rocket science that if stock will fall then crypto will rise.. get readey for global recession and crypto will be first to go down as seen it yesterday..
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If crypto currency regulated with rules and regularions then it would be better for itself as people will do more investment on it and the popularity will increase more.
At least cryptocurrency is honest. No really complex story behind them. They either solve issues or they do not. They are on a path to adoption or they are not.
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The blockchain technology is quite impressive. Bitcoin is solely based on this technology. This blockchain techmology has enough strong features to be considered as a phenomenal technology.
The biggest issue for aquasition, is with the greatest respect to everyone here on the tech side of coin, unless you can market your product well, you will always struggle. Two totally different mindsets.
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yes, when bitcoin becomes rare, then bitcoin prices will be very expensive, bitcoin will be sought by everyone in the world. but the whales will get more advantages.
Hey Cryptohad! Bitcoin BTC is a cool technology that acquired users. It is always better to have the technology built first.
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Specifically in the next 5 years, what do you think will be the greatest challenge or problem that the crypto market will face, and how do you think the market will overcome this problem? I also wonder if AI can help crypto trading safer and free from hacking and scamming?
Hey Impulseboy! In my opinion to many people in crypto are focused on building cool technology and not enough people are focused on good technology. Look at this design of margin trading that we will build using a centralized premine on a centralized platform making it all centralized and, thus, useless
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Hey Maria! Thanks for sharing important information! Please pay attention very little time left! "Binance would like to confirm support for the AION (AION) mainnet swap. Deposits and withdrawals of AION will be suspended starting from 2018/10/15 10:00 AM (UTC), at which point we will begin the mainnet swap process. We will handle all technical requirements involved for all users holding AION in their Binance accounts. We will make a separate announcement after the mainnet swap is complete to notify users when deposits and withdrawals for AION (native coin) will open." For further information, please refer to the official blog: https://blog.aion.network/aion-token-bridge-and-swap-live-1689ed5e279
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Bitcoin Classic rolls out, and days later there is no word about it in the News Media. Mike Hearn declares Bitcoin dead and within hours it is in the New York Times..... http://www.nytimes.com/2016/01/17/business/dealbook/the-bitcoin-believer-who-gave-up.htmlMark my words: Bitcoin is getting ready to be in a fight for it's life.On one side are the Blockstream/Core players. Liars, manipulators, shill, not afraid to destroy the fabric of Bitcoin with every bit of FUD they can dredge up - even if it kills bitcoin, but if they can't have total control, no one can. On the other side you have Mike Hearn w/R3CEV/Hyperledger/Banks (AND Mainstream Media & Govt backing - don't forget that!)We are at the start of a foot race to see who gets ready forst for the upcoming global financial meltdown. It's pretty clear that Bitcoin Classic will prevail in the upcoming March Fork given the huge amount of support / concensus for it. But Blockstream seems to wat to make this a do or die fight, and they appear to be willing to destroy the good name of bitcoin if they don't get their way. The looming battle may be the perfect backdrop of confusion and chaos for a Fiat Coin to rise from the shadows, and with the help of Gov't & Media nods - be introduced to the masses. Fasten your seatbelts kiddies.... this is going to be a wild ride. Right now I am betting 50% on Classic / 50% on Fiat Coin. Current 1mb Blockstream/Core Coin not even worth mentioning in my opinion. I see 0.001%. Wonder if there's any signficane to the timing of this retard's unhinged barking. hope it's the ultimate sign of a bottom in btc, like the clown sees btc as a bottom price and thinking btc is dead.
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I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks
Biggest obstacle for successful use cases is the fact that the whole system is designed around bank credit. Wait until the system breaks again and I am sure people will start utilizing crypto in ingenious ways to cope. “If you build it, they will come.”
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Dear Devs and XYO Tech Fans! Exciting news Updates from the Dev Cave: Working Testnet Edition! "Well, it’s official! With successful integration testing complete, team a working local test XYO Network! Whether you’re a hardcore Dev into creating your own dApps, a casual technologist who can’t wait to start Geo Mining, or an XYO HODLer who is still wrapping their brain around what this all means, here’s a rundown by Justin, our resident code-herder and Consumer Product Manager, of what’s been done, what we’re working on, and how we expect this to shake out:" https://medium.com/xyonetwork/updates-from-the-dev-cave-working-testnet-edition-b542538330ba
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Hello $IPSX HODL’ers! Exciting news... new interview with George has been released by IPSX partners at DefCamp. If you are curious how George sees the blockchain technology, its 🔒security layers or the mass adoption of Blockchain technology and it’s future, you can pick his brain by reading the interview below: https://def.camp/george-bunea-defcamp-2018
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Hey elitecstrike! Thanks for sharing Great News!!! New Branding and Communication Strategy Thrive Labs"Thrive Labs Ltd is repositioning itself as well as a cutting-edge technology incubator that scouts promising startups and experiments innovative products that can complement our portfolio. Creating synergies is key to establish a competitive advantage. The experience acquired in the Crypto space will put Thrive Labs in the position to stay very close to the new companies willing to join the ecosystem providing both ICO Platform and Services." Amazing News - More information read on Official Blog!
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In the spirit of mass adoption we are likely going to see the death of PayPal and other payment gateways. Do you foresee the death of PayPal soon by Bitcoin? At some point people would want to feel safe in not tying their credit cards to any online payment gateway. Your thoughts?
History repeating itself is by far the scariest and most certain outcome we could expect. Especially economically. "Would you take some BTC for that loaf of bread sir?"
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