XBT Provider Sees Growing Bitcoin Demand: "Private Blockchain Hype Will Translate to Higher Bitcoin Prices at a Later Stage"
XBT Provider, a Swedish company that has launched the world’s first Bitcoin-backed instrument on a regulated exchange (Nasdaq Nordic) is planning a global expansion following its success in the Scandinavian region. The firm manages two Bitcoin instruments called Bitcoin Tracker One and Bitcoin Tracker Euro. The latter was launched with the approval....
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Blockchain has hit the peak of its hype cycle according to Gartner. That's the key finding from a new report, issued this week, that asserts the emerging technology is at a stage in its development where users and the public are suffering from "inflated expectations" about its benefits. Internet of Things (IoT) platforms, connected homes and smart robots were other technologies included in this category. But if that sounds negative, Gartner’s report also projects blockchain will come to be "transformational" across a variety of industries, and it forecasts that this....
You can add R Jesse McWaters, financial innovation lead at the World Economic Forum (WEF), to the growing chorus of industry voices warning that we’ve reached a "peak" when it comes to the hype surrounding blockchain technology. "I’m trepidatious about inflated expectations re: the blockchain," McWaters said in a new interview, the comments coming as he described the ongoing "awakening" he’s seen among major financial institutions in regards to the technology. While even the WEF itself has lauded blockchain as a global....
In the wake of 2016's ever-escalating blockchain hype, 2017 has given way to sometimes dire predictions about the industry's prospects ahead. Deloitte principal Eric Piscini, for example, has gone so far as to label 2017 the blockchain industry's "make-or-break year", arguing that unless the financial services industry can demonstrate "real-world implementations", the technology risks succumbing to "boardroom fatigue". And he's not alone in positioning this as the narrative for the year. But, is this prognosis too dire? And just how patient can organizations,....
It’s been referred to as a "revolutionary technology" by IBM, and a "once in a generation opportunity" by PricewaterhouseCoopers. But perhaps the most descriptive title came from The Economist when they dubbed blockchain "the trust machine". It is a breakthrough in computer science that holds the promise of reducing the cost of establishing and maintaining trust for both individuals and organizations. "Blockchain" is a relatively new term that refers to a specific type of computer database. The Oxford English Dictionary defines blockchain as "a....
The price of bitcoin rose close to 10% this week, pushing higher as bullish market sentiment and low liquidity created an ideal environment for gains. The digital currency enjoyed notable increases during the week, surpassing $600 on Sunday, 4th September, while largely avoiding any significant pullbacks or corrections. Sentiment is so strong "players are not willing to bet against the rise of BTC/USD," according to Petar Zivkovkski, director of operations for Whaleclub. He told CoinDesk: "New short position openings are almost at all-time lows, [which] indicates that the....