Wedbush, TeraExchange Execs Form Wall Street Bitcoin Advocacy Group
The Wall Street Bitcoin Alliance (WSBA) has launched to promote digital currency and blockchain technology adoption in the financial markets. The group, which offers full membership to finance firms and associate membership for bitcoin companies, seeks to lobby government agencies and regulators on topics including regulation, innovation and the way digital currencies are taxed. Ron Quaranta, executive director of WSBA, said: "Bitcoin and blockchain technology and protocols represent a seismic shift in how financial markets, and all aspects of the global economy, will operate in the....
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Just how big a financial opportunity is Bitcoin? Recently, Wall Street has been starting to ask that very question, paying more and more attention to the upstart alternative currency. The first analysis by a registered broker dealer which attempted to value bitcoin's worth was published on 1 December by Wedbush Securities. While Los Angeles-based Wedbush is a respected securities firm, it doesn't count itself among the first-tier of investment banks, or the 'bulge bracket' as its known on Wall Street. The Wedbush research report contained some novel analysis and perspective, but it was....
Former New York Stock Exchange (NYSE) CEO and Goldman Sachs partner Duncan Niederauer has joined regulated bitcoin futures exchange TeraExchange. The former NYSE exec will serve as an advisory director, providing insight to the increasingly bitcoin-focused firm. Niederauer retired from his position in 2014, having held the post since 2007. TeraExchange CEO Christian Martin explained that Niederauer will most importantly help the company develop its strategy and to capitalize on available market opportunities. Martin told CoinDesk: "Duncan has great pedigree when it comes to market....
The Wall Street Blockchain Alliance, a non-profit advocacy group for distributed ledger technology has announced two new working committees, each chaired by noteworthy industry experts. One of the committees is working toward economic inclusion of the unbanked. The Wall Street Blockchain Alliance (WSBA), an advocacy group that promotes digital currencies’ and distributed-ledger technologies’ adoption in financial markets has announced the launch of two new working committees. They are – a Regulatory & Compliance committee and an Economic Inclusion Working Committee. Ron Quaranta, WSBA....
The second and final day of the Inside Bitcoins NYC conference took place on 8th April at the Javits Center in Manhattan, and built further on themes discussed in the conference's informative first day. Although the topics that were discussed ranged from decentralized autonomous corporations (DACs) to merchant adoption of digital currencies, the conversation frequently returned to the issue of regulation, and a particular focus was given to Wall Street's involvement with bitcoin through institutional investments. Wall Street debates the fair value of bitcoin. The opening keynote for the....
The Chamber of Digital Commerce (CDC), a digital currency advocacy group, has appointed former Wall Street executive Blythe Masters to its board of advisors. Masters who joined Digital Asset Holdings - a startup that uses blockchain tech to enhance the settlement of traditional and digital assets - as CEO in March spoke about her new advisory role. She said: