Blockchain Bites: Bitcoin Volatility Hasn’t Shaken Out Institutions

This special edition of Blockchain Bites covers everything you need to know from invest: ethereum economy and the news from elsewhere in the cryptoverse.

Also: Coinbase plans infrastructure updates to prevent outages during periods of volatility.

Bitcoin is moving off exchanges, has been less volatile than TLSA and broke its record for longest streak trading above five figures.

The Australian press has questioned the decision of ASX to implement blockchain technology in the light of recent Bitfinex security breach. The Bitfinex security breach, which closely followed the hacking incidents faced by Shapeshift and Gatecoin has shaken the finance community. With so many financial institutions currently invested in Blockchain technology, they fear that they may be next to face such security threats. Technology platforms get hacked occasionally, thanks to cyber criminals who are constantly trying to make a quick buck at others’ expense. While security issues faced by....

JPMorgan’s Umar Farooq said that use cases haven't arisen fully and regulation hasn't yet caught up. The head of JPMorgan’s digital assets unit Umar Farooq has suggestedthat most of the crypto assets on the market are “junk” and that real crypto use cases are yet to fully present themselves. During a panel discussion at the Monetary Authority of Singapore’s Green Shoots Seminar on Aug. 29, Farooq stated that regulation is yet to catch up to the burgeoning industry which is holding back many traditional financial (TradFi) institutions from getting involved. He also opined that with the....