Interest in Bitcoin Still Rocks Over Blockchain, Contrary to Credit Suisse Report
Suggesting that the momentum of interest in Blockchain technology is greater than that of the the digital currency it powers could create a wrong impression, says the CEO of LocalBitcoins, Nikolaus Kangas. In a blog post, Kangas noted that he had earlier overlooked it when a “Finnish self-credited "blockchain expert" made a claim that during the last year, (the) term blockchain has passed bitcoin in google trends "clearly"...”. But he had to change his view after a co-worker pointed out the mistake. After he’d recollected that he has seen the same claim elsewhere,....
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New research from financial services giant Credit Suisse seeks to analyze the impact of blockchain on 14 existing market participants and their stock performance. Written in response to investor questions, companies examined include major exchanges (the Australian Securities Exchange and Nasdaq), incumbent business process facilitators (Computershare and Equiniti) as well as financial services providers (Experian and JPMorgan). The 135-page report, released today, highlights four areas where the technology can potentially lead to disruption – payments, capital markets, financial services....
Which country has fewer poor than America and 80% of the Bitcoin transactions? Although it might come as a surprise, the answer is China. Despite a stock market and currency crisis, China has fewer poor than America, according to a Credit Suisse report. Yet, there is one thing of which this report falls a bit short: good data. Much of the data in the report is from government bodies and international bodies. People with firsthand knowledge of each country might take contention therewith. Nonetheless, CCN wondered if Credit Suisse's numbers could explain China's large Bitcoin volume.....
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the Credit Suisse situation and what impact it would have on the cryptocurrency market if it did collapse. On this week’s The Market Report show, Cointelegraph’s resident experts discuss if the potential collapse of the Credit Suisse bank could bring more volatility in the crypto market.To kick things off, we break down the latest news in the markets this week:BTC price still not at ‘max pain’Bitcoin (BTC) starts a new week in a precarious place as global macro instability dictates the mood. After sealing....
Two reports by Credit Suisse suggest that Bitcoin is three times more volatile than oil and 11 times more than the post-Brexit pound sterling. The Swiss bank’s first article, published earlier this month titled “Is Bitcoin Safe?” seeks to advise on the resilience of the virtual currency as an asset. “Bitcoin does carry some unique risks,” analysts from its global marketing research department state. “The value of the cryptocurrency has been three times as volatile as the price of oil and 11 times more than the post-Brexit exchange rate between the dollar and the British pound.” In line....
Hours after it was announced that Credit Suisse is to pay US$2.6 billion in fines for aiding tax evasion, the former director of the United States Mint has spoken out against the bank – and in support of cryptocurrencies. While Credit Suisse’s director, Brady, publicly downplayed the result, saying the fines “[did not have] any material impact on our operational or business capabilities”, Edmund C. Moy tweeted in response: “$2.6B fine 'won't do much damage': Credit Suisse CEO. It's time banks got competition. Time for cryptocurrencies.” Such a reaction from within the government's....