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“# Blockchain tech 13X ‘too expensive’ to justify use: DocuSign CEO ” Daniel Springer, the chief executive officers at electronic signature technology company DocuSign, says the firm isn’t likely to incorporate additional blockchain technology anytime soon as current infrastructure is far cheaper. In a Quartz report published yesterday, Springer said the San Francisco-based DocuSign’s 2018…
“# JPMorgan exec: Softer stance on Bitcoin but we’ve always been pro-blockchain ” Contrary to public perception, JPMorgan Chase has always been pro-blockchain, says the multinational investment bank’s head of wholesale payments, Takis Georgakopoulos. In a live discussion with Nasdaq reporter Jill Malandrino at this year’s Blockshow in Singapore, Georgakopoulos said JPMorgan has always viewed…
“# Mike Novogratz has 50% of net worth in crypto, advocates up to 5% for investors ” Galaxy Digital founder and CEO Mike Novogratz is encouraging investors to devote a larger percentage of their portfolios to crypto. In an interview with CNN’s Julia Chatterley today, Novogratz said he had “changed his tune” on previous advice…
“# Wells Fargo report labels Bitcoin as speculative investment ” San Francisco-based bank Wells Fargo has released a report identifying Bitcoin as the best performing asset of 2020, while also highlighting the coin’s volatility for investors. In an investment strategy report released yesterday, the banking giant noted that Bitcoin (BTC) is up 170% this year…
“# Citi downgrades MicroStrategy stock after bold Bitcoin bet ” Shares of MicroStrategy fell on Tuesday after Citibank reportedly downgraded the business intelligence firm over its “disproportionate” Bitcoin focus. Citi analyst Tyler Radke issued a “sell” rating on MSTR shortly after the company announced it was raising more money to buy Bitcoin (BTC). Radke says…
“# Facebook hopes to launch its crypto and wallet in 2021, top exec says ” Global regulators should grant Facebook-backed cryptocurrency Diem “the benefit of the doubt” to greenlight its launch in 2021, a top executive at Facebook Financial said. David Marcus, the head of Facebook Financial, or F2, said that both cryptocurrency Diem and…
“# Bitcoin’s market cap will flip gold: Winklevoss twins ” Speaking during the Singapore Fintech Festival 2020 on Dec. 7, pioneering Bitcoin investors Cameron and Tyler Winklevoss reaffirmed previous forecasts that Bitcoin’s (BTC) price will eventually exceed prices of $500,000 per Bitcoin. The twins noted that their $500,000 prediction is predicated on the assumption that…
“# Carpe ‘Diem’: Lawsuit threatened over Facebook’s Libra rebrand plan ” Facebook has been hit with threats of legal action over its plan to rebrand the Libra stablecoin project to ‘Diem’ from a finance application of the same name. Facebook announced its plan to rebrand Libra on Dec. 1, with the firm claiming the new…
“# MicroStrategy will issue $400 million in securities to buy more Bitcoin ” The world’s largest publicly traded business intelligence firm, MicroStrategy has announced plans to invest the proceeds from a $400 million securities offering into Bitcoin. On Dec. 7, the firm revealed plans to issue $400 million in convertible senior notes — a debt…
“# CoinGecko challenges CoinMarketCap’s dominance as a crypto market resource ” The gap is narrowing between crypto analytics providers CoinMarketCap and CoinGecko when it comes to the number of website visits each receives per month. According to a Dec. 1 report from news outlet The Ken, CoinGecko had 20.6 million monthly desktop and mobile visitors…