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Wall Street Giants Postpone Corporate Crypto Investments

BitcoinAfter the end of 2017, many institutional investors were expected to enter the crypto-market. The corporate investor expected in 2018 does not seem to have entered the market yet. Are they waiting for the regulations or the price to go to the bottom?

A meaningless recession

A columnist from Bloomberg explored the uncertainty of Wall Street giants in 2018 to make crypto investments seem like a crap. Moreover, he also threw the headline: ÜstGoldman Sachs, Morgan Stanley and many people responsible for this. They did not come.". In the corner; 2017/2018 For the co Bitcoin bull run, 18 he emphasized the stagnation as a result of Wall Street giants accepting cryptos prematurely.

In this article, the current position of these institutions is defined as ambiguous or intermittent. The actions of these financial giants, who are willing to investigate the commercial potentials of the crypto frenzy on Wall Street, especially Bitcoin, are currently in recession. Moreover, few of these giants are developing their commercial infrastructure.

The Wall Street marketers' Bitcoin interest was seen as an indication that the adoption of crypto for traditional and sophisticated investors would increase. Daniel H Gallancy, CEO of New York-based SolidX Partners; he said that the market, Goldman, or anyone else has unrealistic expectations that he may suddenly start a Bitcoin trading business. He also added that this was an exaggerated thought.

As stated in the article, Goldman Sachs People who are close to crypto developments emphasized that progress is almost unnoticeable.

Large Dead End

Justin Schmidt, one of the company's top executives; that the current impasse is caused by regulators on crypto assets. he said. In the Bloomberg report, it is seen that they are ready to offer trades following the Bitcoin futures transactions in September. However, they have not received a single contract since.

Two Barclays, Chris Tyrer, and Matthieu Jobbe Duval, who headed the digital asset project, left the project with Citigroup and Barclays in silence. Article, Barclays currently has no plans for the crypto trading table. Moreover, he said, Citigroup had not received any of the products he designed for crypto currencies.

However, in 2019, emotions related to the future of institutional investments are still strong. At the same time, most wait for regulatory clarity before joining the car.

Source: bitcoinnews

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

 

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

 

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

 

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph

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