Bitcoin Gains Legitimacy with Endorsement from Big Players
Bitcoin is no longer speculative as legitimate financial institutions are joining in
Image source: pixabay - qimono
From the past year leading to Bitcoin's highest speculative price of $20,000 last December 2017, Q2 2018 is finally seeing a change in sentiments and acceptance for Bitcoin. Like any new emerging market in business or new innovation product, BItcoin sat through its dormancy stages and bounced up to the peak of its hype. We are ready to see bigger, serious players coming into the cryptocurrency ecosystem.
As I have reported two weeks ago on Steemit regarding the news titled, "Goldman Sachs Succumbs to Cryptocurrency", Goldman Sach's stance in endorsing Bitcoin is getting clearer. In the most recent news on Forbes - Kori Hale, Goldman Sachs will be the first Wall Street regulated financial institution to trade Bitcoin futures. As explained on Cointelegraph, futures are an agreement to buy or sell an asset on a specific future date at a specific price.
[Rather than trading actual Bitcoin], the bank will use its own money to trade Bitcoin futures contracts for clients. It will also trade non-deliverable forward futures where trades will be settled in the regulated currency it’s quoted in.
Source: Forbes - Kori Hale
As more trading platforms come into the cryptocurrency sector, traditional trading platforms may soon see stiff competition, and risk getting pushed out. The technological evolution and how it affects the financial markets are not to be trifled with. The end result might be better-regulated cryptocurrency trading platforms with tightened security that would prevent the Mt. Gox event from recurring in the future.
Image source: pixabay - biancamentil
Coindesk's Consensus Conference 2018 is Pushing Cryptocurrency to new heights
Coindesk's Consensus 2018 this year sees 4000+ participants flocking to New York City. Speakers from the maintream, co-founder Jack Dorsey from Twitter, whose mobile payments company Square launched bitcoin trading this year, is set to speak at Consensus on Wednesday (source: CNBC - Evelyn Cheng). I believe Steemit's CEO, Ned Scott, will also be speaking at the conference. View the full list of speakers on Coindesk's website: https://www.coindesk.com/events/consensus-2018/speakers/
You can almost say that Blockchain's brightest minds will definitely be present at this conference. It is the red carpet event for Blockchain and who would have wanted to miss it? Well if you have some BTCs for an air ticket to NYC and $2000 for the conference ticket, why not? Tickets are sold out, I'm sorry. They should have priced the tickets at 1 BTC. Haha.
The Ethereal Summit for Ethereum [ETH] was held on the 11 & 12 May 2018 at the Knockdown Center in NYC. Highlights of the Summit pointed to the involvement of the masses as well as government bodies to participate in the future of blockchain. The concept of a shared ownership through decentralization was the take-home message and vision blockchain is trying to achieve the revolution of our future.
Read more highlights from the Ethereal Summit 2018 on ETHnews.com:
Day1: https://www.ethnews.com/ethereal-summit-highlights-day-1
Day2: https://www.ethnews.com/ethereal-summit-highlights-day-2
-tysler
Image source: pixabay - jplenio
Great article, thanks for sharing. I've smashed the upvote button for you! It could be a double edge sword though as we see the "big players" throwing large amounts an manipulating the market.
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A great posting with very useful info.
Did u attend @ Ethereal Summit 2018?
Unfortunately no, or I would definitely give a more detailed report :)
Great news! The people worldwide must win the war!!!
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One win down, many more to come! The endorsement of Bitcoinby Goldman Sachs is surely bringing legitimacy to Bitcoin as well as other cryptocurrencies. It is refreshing to see those within the banking industry finally embracing crypto. They are finally seeing what we have seen all along. Welcome to the world of crypto Goldman Sachs! If you are interested in all that crypto has to offer, visit Blockbasis, where users can send and receive crypto using only an email address.