Companies Are Investing Into Blockchains According To Coin Stats Founder

It has been recently revealed that companies have been investing hundreds and millions of dollars into blockchain technology.

This was the revelation made by a co-founder of Coin Stats, Narek Gevorgan.

Coin Stats is a cryptocurrency research and portfolio management solution founded by Gevorgan who is an informatics, visual computing and applied mathematics graduate from Yerevan State Univeristy.

According to the executive crypto is not dead and there is still a massive amount of interest from companies around the world in the nascent industry, pouring in multi-million budgets to develop their own blockchain-powered platforms.

He believes that market recovery could occur as soon as these blockchain-related applications start to succeed as real competitor to their centralized alternatives.

He notes that every platform in the crypto space has their own advantages and disadvantages saying that anyone who plans to invest or develop in the space should do their own research.

Gevorgan reiterates that crypto projects to start competing with their real competition, centralized alternative, rather than trying to compete with fellow crypto projects.

Will Binance Support Margin Trading?

It has been reported that Binance might be preparing itself to go into Margin Trading soon.

A Pseudonymous programmer by the moniker “enriquejr99” has discovered proof that the cryptocurrency exchange could be in preparation to offer these services in their platform.

While Binance’s whitepaper has mentioned the inclusion of margin trading the timing of the release might be question due to regulatory concerns.

However, Changpeng Zhao, CEO of Binance brushed off prospects of including Margin Trading on its platform and just explained that the code was part of its efforts to future proof their API.

Regulatory concerns and seemingly lack of incentives to offer Margin trading to its clients, Binance is taking its time to release its margin trading platform if ever.

The addition of the code only shows the company’s resolve to be on the forefront of cryptocurrency-related services and enables the company to react accordingly when the market conditions are ripe.

Western Union To Offer Direct Mobile Wallets Delivery

Advancements on fintech technology has rendered brick-and-mortar money transfers company like Western Union a relic.

However, to keep up on changing time Western Union has been continuously making improvement on its platforms enabling customers with multiple payout options such as bank accounts, cards and mobile wallets.

According to the company’s global head of account Payout Network, Sobia Rahman, the goal of the company is to make digital money transfers services more accessible.

To this end the company has partnered with Thunes, which was previously knonw as TransferTo.

Thunes utilizes the Stellar network which is an open-source blockchain platform that connects financial systems, providing an instant clearing settlement and execution platform.

Western Union’s president, Odilon Almeida has in the past praise the technology for innovation within the space however he also mentioned that volatility, governance and compliance to be stumbling block against its further adaption.

BitMEX CEO Bullish On Bitcoin Predicts $10K Price For This Year

Arthur Hayes, the CEO BitMEX is widely known in crypto circles for having opinions that generally goes against popular sentiments in the space.

While some of his opinions are unpopular especially amongst crypto bulls time and time again he has proven himself to be effective investor for being able to long or short without letting his feelings affect his judgment.

After successfully predicting bitcoin to drop below 5K figures last year he joins the increasing number of experts who now considers crypto winter is now over.

He states that although it is not yet possible to speak of a bull run at current market conditions there are signs that we could see a small growth by the end of 2019.

He believes that there will be periods of boring stability throughout the year but markets will slowly rise to $10,000 by the end of the year which is a significant psychological barrier.

He also believes that the market will also experience positive developments in Altcoins and would be interesting for those investors who invest in those types of assets.

Bakkt ‘s Valuation Now At $740 Million

According to news reports, Bakkt has reached a whopping valuation of $740 million in its Series A funding round.

Its first round of funding began in December 2018 which saw it raising $182.5 million to build its digital assets services and Bitcoin futures product.

The first funding round was led by prominent investors such as Boston Consulting Group, Goldfinch Partners, ICE, Microsoft’s VC Fund, Pantera Capita, Protocol Ventures and Galaxy Digital.

To keep a hold on their investors and maintain the present valuation the digital assets platform will have to hit the ground running when it gets the green light from regulators.

It must be noted that investors have a right to equity redemption which means that if the platform did not deliver investors could pull out their money.

The project still hang in the balance with no confirmation from the United States’ Commodity Futures Trading Commission (CFTC).

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