Wedbush: Bitstamp Issues Shouldn't Dampen Confidence in Bitcoin
Wedbush Securities issued a new report today in which it examines how bitcoin evolved in 2014 and why, despite challenges, it believes the ecosystem will bolster its still nascent infrastructure in 2015. The 13-page report is the latest from the US financial services and investment firm, which has been among the more outspoken players in the finance industry on the subject of digital currencies. Though wide-ranging in its analysis of the bitcoin ecosystem, perhaps the most notable comment from Wedbush addressed the ongoing outage at leading US dollar bitcoin exchange Bitstamp, which it....
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Some of the Bitcoin community has been abuzz with BitStamp issues this week. Just yesterday, the Bitcoin exchange's website went down for a short period. The company noted they were having issues with their banking software, though it's unclear just what the issues are/were. Today, BitStamp has noted the banking issues have been resolved and transfers are being processed normally on a blog post, which should comes as a relief to traders around the world. Are you - a BitStamp user - still having issues?
A new report released by Wedbush Securities on 14th February has found that bitcoin's most recent price decline in the wake of ongoing operational issues at major bitcoin exchanges is actually a sign that the ecosystem is stabilizing. Entitled 'Bitcoin: Watch the Innovation, Not the Price', the 16-page report suggests that six months ago, the consequences of such instability would have been far worse for the industry. Wedbush explained: "As a sign of price stabilization we would point out that Bitcoin has declined less than 15% in the face of its biggest and oldest exchange being crippled....
Wedbush Securities, a very large investment banking and brokerage firms is looking to hire a Bitcoin director to oversee all aspects of Bitcoin transactions within the firm. According to the Wedbush website, the position opening went live on January 8th 2015 and Wedbush seek to fill the position as soon as possible. After acquiring holdings in the Buttercoin Bitcoin exchange last year, Wedbush Securities wish to further expand their reach as well as continue to look into the technology for the future. Also read: Wedbush Securities Acquires Holdings in Buttercoin Bitcoin Exchange Service.....
Wedbush Securities, a leading financial service provider, has announced a relationship with Bitcoin trading platform, Buttercoin. This relationship will extend the company's reach into the sphere of cryptocurrency technology. The investment amount made by Wedbush Securities is undisclosed. Buttercoin's platform allows users a fast, easy, and safe way to trade Bitcoin. Also read: Mozilla Firefox Internet Browser Doubles-Down on Internet Privacy by Partnering With Tor Project. Wedbush Continues Leading Finance Firms Into Bitcoin. Sheri Kaiserman, Head of Equities at Wedbush Securities told....
J. P. Morgan may be highly skeptical about the prospects for bitcoin, but at least one financial research firm is behind the virtual currency. Institutional brokerage Wedbush Securities has become the first to accept bitcoin payments in the US. Los Angeles-based Wedbush has thus far published two reports on bitcoin through its Wedbush Equity Research operation. At the start of December, it released "Bitcoin: Intrinsic Value As Conduit For Disruptive Payment Network Technology". It followed this up with "Digitizing Trust: Leveraging the Bitcoin Protocol Beyond the Coin" a month later. Gil....