Wall Street news-Page 7
Tone Vays and Charlie Burton Discuss Bitcoin Live With Cointelegraph
Will Bitcoin break 10K today? What are the consequences of the upcoming Bitcoin Halving? Why do many Wall Street investors advise clients to buy Bitcoin now? Tune in to Cointelegraph’s YouTube channel to join traders Tone Vays and Charlie Burton in our first live Crypto Markets show. At the end of the show, we will host a Q&A session, so post your questions, we will choose the best ones to ask our guests. And don’t forget to subscribe to our channel!
Blockchain / May 7, 2020
Caitlin Long on Banking Backdrop, Stifled Regulation to Serve Crypto
During Virtual Blockchain Week, Cointelegraph spoke with Caitlin Long — the founder and CEO of the upcoming bank that will service the crypto industry Avanti Bank & Trust, as well as the driving force behind regulatory changes in the state of Wyoming for allowing financial institutions to handle both crypto assets and fiat currencies. A Wall Street veteran, Caitlin Long ran Morgan Stanley’s pension solutions for a decade after holding a number of senior roles at Credit Suisse prior to transitioning to focus on the blockchain and crypto sector. Caitlin shared her perspective on the impact that the lack of …
Adoption / April 30, 2020
BitGo Launches Its First Institutional Crypto Lending Service
As the cryptocurrency lending industry continues to grow, another major crypto company is getting into the business. BitGo, a crypto firm that claims to handle over 20% of all Bitcoin (BTC) transactions, is launching an institutional-level crypto lending service on March 5. The debut of BitGo’s lending feature comes after a several-month-long private beta test. A service similar to traditional lending business Nick Carmi, the head of financial services at BitGo, emphasized that the new crypto lending product was developed with the goal of creating a lending business that is similar to lending services in the traditional financial markets. The …
Bitcoin / March 5, 2020
Bithumb to Get Wall Street-Level Fintech Expertise via New Partnership
As not a day goes by without another cryptocurrency partnership, one of the biggest crypto exchanges in South Korea has begun new cooperation. Major South Korean cryptocurrency exchange Bithumb has partnered with Singaporean crypto trading platform BitMax to jointly develop new services and products. BitMax’s staff includes former experts from Morgan Stanley, Deutsche Bank and Gemini According to a Feb. 17 blog post by Bithumb Official, the two companies have signed a Memorandum of Understanding (MoU) to bring their forces together to build new services and strengthen their competitiveness in the global market. As part of the MoU, Bithumb and …
Blockchain / Feb. 17, 2020
From Meatspace to Cyberspace: Top Execs Moving From Traditional to Crypto Jobs in 2019
Prominent figures from a range of long-established companies found greener pastures in the blockchain realm in 2019. From BlackRock to Goldman Sachs, and from HSBC to the SEC, traditional industries saw some of their top personnel leave for new prospects in cryptocurrency over the past year. Early 2019 Frigid winter conditions in the crypto market failed to dissuade career moves into the industry. Despite the bearish market conditions of early 2019, many saw fit to join the blockchain movement and leave their familiar jobs behind. Tron hired David Labhart as the company’s first chief compliance officer. Labhart previously worked as …
Blockchain / Jan. 13, 2020
Fidelity-Backed Startup Fireblocks Is Now Certified Secure by Ernst & Young
New York-based digital asset security firm Fireblocks has successfully completed a major examination carried out by Big Four auditing firm Ernst & Young (EY). Fireblocks, which provides an institutional-grade platform for secure transfer of blockchain-based digital assets, received the Service Organization Control (SOC) 2 Type II certification performed by EY, the firm said in a press release shared with Cointelegraph on Dec. 19. Following multiple EY inspections, which reportedly took more than six months, Fireblocks is now recognized as a company providing technology and services that meet existing strict security and data protection laws worldwide. As such, global Fireblocks’ customers …
Wall Street / Dec. 20, 2019
Saxo Bank’s Outrageous Prediction 2020: Asia Launches DLT-Based Asset
Major Danish bank Saxo Bank has predicted that Asia will launch its own blockchain-based digital asset in its new report of smashing predictions for 2020. The latest edition of “Outrageous Predictions” by Saxo Bank also forecasts that President Donald Trump will likely lose the 2020 elections, while Hungary will leave the European Union. The report was issued on Dec. 3, according to a tweet by the bank. Saxo Bank claims that Asia will launch a new reserve asset in order to “confront a deepening trade rivalry and vulnerabilities from rising US threats to weaponise the US dollar and its control …
Blockchain / Dec. 2, 2019
Wall Street Trader: Bitcoin’s Lightning Network ‘Pulled Me in’
Bond market veteran Nik Bhatia says that with Lightning, Bitcoin (BTC) has become an unprecedented asset by combining a store of value with medium-of-exchange scale and speed. This recognition prompted him to quit his former work for an institutional asset manager trading United States Treasuries on Wall Street, as he outlined in a blog post on Nov. 18. “Unprecedented in human history” Bhatia is now an adjunct professor of finance and economics at the USC Marshall School of Business, whose involvement in Bitcoin has since evolved to include a research role at Bitcoin payments stack developer OpenNode. In his post, …
Bitcoin / Nov. 19, 2019
Fed Must Launch FedNow Ahead of Facebook’s Libra, Says Gov’t Official
A senior United States federal official has argued that Facebook’s Libra highlights the need for the Federal Reserve (Fed) to act urgently and launch its own real-time payments system. In a letter addressed to the Federal Reserve’s Board of Governors on Nov. 7, Rohit Chopra — a commissioner at the United States Federal Trade Commission — expressed his support of the central bank’s proposal to launch a new, round-the-clock real-time payments system dubbed “FedNow Service.” A potential “shadow global central bank” In his letter, Commissioner Chopra argued that the central bank must act swiftly to prevent new threats to its …
United States / Nov. 8, 2019
BlackRock, Goldman Sachs Veteran Joins Blockchain.com as General Counsel
BlackRock and Goldman Sachs veteran Howard Surloff has joined major crypto wallet provider Blockchain.com as general counsel. Over 25 years in traditional finance After serving over 25 years in two of the world’s largest and most-respected financial institutions, Surloff will now be responsible for advancing Blockchain.com’s standard for legal, compliance and corporate governance within the crypto industry, the firm announced on Oct. 1. Prior to entering the crypto industry, Surloff worked at BlackRock for 12 years, the world’s largest exchange-traded fund provider, according to his LinkedIn page. At BlackRock, Surloff was long-serving deputy general counsel before he was appointed as …
Blockchain / Oct. 1, 2019
Winklevoss Twins on Bitcoin: ‘Wall Street Has Been Asleep at the Wheel’
The Winklevoss twins — Bitcoin (BTC) bulls and founders of the Gemini crypto exchange — say its retail investors who are still largely reaping the benefits of the crypto market. In an interview with CNN Business on Aug. 22, Tyler and Cameron Winklevoss gave their perspective on Bitcoin as an investment, industry risks and the traditional financial sector’s approach to the new asset class. Buying a piece of the new internet of money While many still regard Bitcoin as too risky a bet for the average investor, Tyler argued that on the contrary, the retail sector remains one step ahead …
Bitcoin / Aug. 23, 2019
Mike Novogratz's Galaxy Digital Hires Former Cumberland Exec
Mike Novogratz's crypto investment bank Galaxy Digital hired a former exec at crypto trading giant Cumberland as head of global sales. According to an internal notice to Galaxy Digital’s counterparties, Wall Street veteran David Gross joined the company, crypto media outlet The Block reports Aug. 6. In his new position, Gross will be working on boosting sales in three units of Galaxy’s business, and will be reporting to president Chris Ferraro, per the report. 15 years at Credit Suisse and Lehman Brothers Before joining Galaxy Digital, David Gross served as global head of relationship management at Cumberland, the Chicago-based cryptocurrency …
Blockchain / Aug. 6, 2019