Ripple’s XRP Can Now be Spent in More than 40M Locations Across 180 Countries

CoinSpeaker

Ripple’s XRP Can Now be Spent in More than 40M Locations Across 180 Countries

XRP enthusiasts can now store the digital asset as well as spend it using Spend Visa Debit Card in 180 countries.

Ripple’s XRP Can Now be Spent in More than 40M Locations Across 180 Countries

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Source: CoinSpeaker

Bakkt’s launch pushed to late 2019, informs CEO of Intercontinental Exchange [ICE]

Jeff Sprecher, the Chief Executive Officer of Intercontinental Exchange [ICE] announced that the firm’s digital asset platform, Bakkt will be expecting a launch later in 2019. Sprecher made this announcement during an earnings call on Thursday, reported the Toshi Times.
While discussing ICE’s financial results for Q4 and the year of 2018, Sprecher disclosed that the company spent over $1 billion on strategic initiatives, which also included its launch of the digital asset platform.
ICE is the parent company of the New York Stock Exchange and operates in 23 leading global exchanges. The Chief Financial Officer [CFO] of the company, Scott Hill, further shared his expectations on the investments Bakkt will be bringing in, as per its current financial review.
Hill said:
“And finally, our investment in Bakkt will generate $20 million to $25 million of expense based upon the run rate in the first quarter. We will update you on progress at Bakkt and the level of investment as we move through the year.”
When Sprecher was asked about the returns or revenue growth expected from the recent investments, including Bakkt, he described the crypto platform as a “moonshot bet” for ICE. He claimed:
“So it’s a bit of a moonshot bet and it’s been organized in a manner that is very different than the way ICE typically does businesses […] They’re well along in building out an infrastructure that I think you’ll see launch later this year.”
Sprecher clarified that Bakkt is independent of ICE as it has its own team and infrastructure. The CEO further informed that the project has independently garnered the attention of high-profile investors and partners, including Starbucks and Microsoft, reported CoinTelegraph.
The publication reported Hill concluding that Bakkt is more of a long-term project instead of a 2019-focused agenda. Hill said:
“I think Bakkt is really an investment […] That’s more about the future and revenue and market opportunities that we see in the future and less about 2019 topline”.
Bakkt was announced in August 2018 by ICE and was set to launch in early 2019. However, the date was postponed due to ongoing deliberations with the United States Commodity Futures and Trading Commission.
ICE had on 9 February announced the finalization of its acquisition of assets in futures commission merchant Rosenthal Collins Group.
The post Bakkt’s launch pushed to late 2019, informs CEO of Intercontinental Exchange [ICE] appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC]: Is Bakkt Really Coming in 2019? New Launch Date is Now “Later This Year”

The launch of Bakkt that was to first go live in August 2018 and then rescheduled for late January will be now coming “later this year,” according to the CEO of International Exchange (ICE), Jeff Sprecher.
Bakkt is a Moonshot Bet for ICE
During the earnings call dedicated to the financial results of ICE for quarter 4 and the entire year of 2018. Jeff Sprecher, ICE’s CEO shared that over $1 billion has been spent by the company on strategic initiatives along with the launch of its highly anticipated digital asset platform, Bakkt.  
The parent company of the New York Stock Exchange (NYSE) operates a number of leading global exchanges and is now set to enter the crypto space. Scott Hill, the CFO of the company, further talked about the expenses that will be incurred by Bakkt.
“And finally, our investment in Bakkt will generate $20 million to $25 million of expense based upon the run rate in the first quarter. We will update you on progress at Bakkt and the level of investment as we move through the year.”
Bakkt that according to Sprecher is independent of ICE due to the fact that it has its own office, infrastructure and management team. ICE is also putting big faith in the platform as they characterize the crypto platform as a “moonshot bet” when asked about the expected revenue growth from its recent investments along with Bakkt. Sprecher had this to say,
“So it’s a bit of a moonshot bet and it’s been organized in a manner that is very different than the way ICE typically does businesses […] They’re well along in building out an infrastructure that I think you’ll see launch later this year.”
Bakkt at Work: Acquisition and Hiring
Sprecher further emphasized that the infrastructure of the project had already attracted various high-profile investors. Moreover, Bakkt has acquired Rosenthal Collins Group as the official announcement reads,
“With today’s closing of our transaction with Rosenthal Collins Group, we welcome great new team members to Bakkt RCG’s remarkable heritage, culture and expertise will help us build out a trusted institutional infrastructure for digital assets.”
In addition to the acquisition, Bakkt has also hired two top executives viz. Erik Haas, the Director of Compliance who will move in from ICE and Rachel Ford as the Strategic Operations Manager from Techstars.
Bakkt has 10 positions opened in Sales, Finance, and Engineering for different locations viz. San Francisco, New York, Atlanta, Tokyo, Hong Kong, Singapore, London, and Tel Aviv.
Hill further shared that, Bakkt is a long term project and not just a 2019 focused program,
“I think Bakkt is really an investment […] That’s more about the future and revenue and market opportunities that we see in the future and less about 2019 topline.”
The post Bitcoin [BTC]: Is Bakkt Really Coming in 2019? New Launch Date is Now “Later This Year” appeared first on Coingape.
Source: CoinGape

Bakkt Is Our ‘Moonshot Bet’ Says ICE CEO, Plans to Launch the Platform Later This Year

CoinSpeaker

Bakkt Is Our ‘Moonshot Bet’ Says ICE CEO, Plans to Launch the Platform Later This Year

ICE CEO Jeff Sprecher talked about how his team is working diligently for the launch of Bakkt and why he continues to hold utmost faith in Bitcoin.

Bakkt Is Our ‘Moonshot Bet’ Says ICE CEO, Plans to Launch the Platform Later This Year

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Source: CoinSpeaker

Bitcoin Will Gain More Than 80% Throughout 2019, New Study Explains Why

CoinSpeaker

Bitcoin Will Gain More Than 80% Throughout 2019, New Study Explains Why

Despite the persistent crypto winter, a panel of financial markets analysts in Australia predicted that Bitcoin will rise by over 80% throughout 2018 fueled by several short-term catalysts.

Bitcoin Will Gain More Than 80% Throughout 2019, New Study Explains Why

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Source: CoinSpeaker

Top 5 Crypto and Blockchain Events We’re All Waiting for in 2019

CoinSpeaker

Top 5 Crypto and Blockchain Events We’re All Waiting for in 2019

While that the cryptocurrency industry is going through a very rough phase, here are the five events expected to set the growth trajectory of the crypto market in 2019.

Top 5 Crypto and Blockchain Events We’re All Waiting for in 2019

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Source: CoinSpeaker

Would Crypto Markets React if Bithumb Went Public in The US?

One of the world’s largest crypto exchanges could soon be publicly traded in the US through a reverse merger. A Singapore based holdings company which has a majority stake in one of Korea’s top exchanges is looking to get listed by acquiring an already publicly trading company.
Bithumb Could Get Listed Without an IPO
A few hours ago CNBC reported that Blockchain Exchange Alliance, which holds a majority stake in Bithumb, has ambitions to go public in the US. Furthering those goals, the Singapore based alliance signed a binding letter of intent with a holding company called Blockchain Industries which trades publicly on US OTC markets.
According to the report this is termed as a reverse merger and could provide a faster way to get publicly listed than the traditional IPO method. Citing sources, it added that Blockchain Exchange Alliance considered a listing in Singapore but was deterred by the two year waiting list for the initial public offering.
The company plans to ‘up-list’, shifting from penny stock type OTC markets to the big boys, namely NYSE or NASDAQ. This would be a milestone for the crypto industry as Bithumb could become the first exchange to become publicly listed.
This method of getting listed has been seen before as Mike Novogratz did it with Galaxy Digital on Canadian markets after a reverse merger with shell company Bradmer Pharmaceuticals. GLXY shares however have not fared so well as crypto markets have crumbled over the past year.
Blockchain Exchange Alliance has plans beyond Bitcoin however. Its grand vision is for form a global crypto exchange alliance by consolidating exchanges across the world. Bithumb is already in the bag but it plans to have nine exchanges by the end of this year and 40 by 2020 according to CNBC.
According to Coinmarketcap, Bithumb is the world’s top exchange by reported volume which is currently stated as $1.4 billion. However, these volumes cannot be taken as gospel. Bithumb was accused of faking volumes last month, something the exchange has vehemently denied. In addition to spurious volumes, the Korean exchange was hacked in June last year which added to its woes.
With these factors in mind, already cautious US regulators, which have a habit of dragging their feet, may not be too enthusiastic about a publicly listed crypto exchange. Crypto markets on the other hand may just get the long awaited boost as it can be considered another big step towards the nascent industry going mainstream.
Image from Shutterstock
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All You Need to Know About the Security Token Offering

CoinSpeaker

All You Need to Know About the Security Token Offering

Victor Larionov, crypto expert, CEO at Priority Token and partner at Hax Ventures, shares what hides behind Security Token Offering, explains how it differs from ICO unveiling what potential it holds for the whole industry.

All You Need to Know About the Security Token Offering

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Source: CoinSpeaker

Bakkt Raises a Whopping $182 Million Funds for Further Expansion

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Bakkt Raises a Whopping $182 Million Funds for Further Expansion

A group of 12 high-profile investors and partners have poured this large sum of money for the further development of the Bakkt infrastructure and its expansion.

Bakkt Raises a Whopping $182 Million Funds for Further Expansion

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Source: CoinSpeaker

Bitcoin [BTC] Futures Contracts get a green signal from the regulatory authorities

Bitcoin Daily Futures contract is reportedly getting a green signal from the authorities which have been a much-awaited Bitcoin Futures that is being launched by New York Stock Exchange [NYSE]’s sister company Bakkt, as per Wall Street Journal.
The Bitcoin Futures contract launched Intercontinental Exchange [ICE] is basically for the institutional players that haven’t been able to get into the cryptocurrency-frenzy. Now that Bakkt is getting approval from the authorities the futures contract will see a massive adoption from institutions due to Bitcoin’s inherent demand.
Bakkt has been rigorously working with Commodity Futures Trading Commission [CFTC] to get the much-needed green-signal. The contract was scheduled to be launched on December 12, but it was postponed to late January 2019. ICE announced the rescheduling on November  20, 2018 stating:
“ICE Futures U.S., Inc. will list the new Bakkt Bitcoin (USD) Daily Futures contract for trading on trade date Thursday, January 24, 2019, subject to regulatory approval. The new listing timeframe will provide additional time for customer and clearing member onboarding prior to the start of trading and warehousing of the new contract.”
Bakkt announced the same on their twitter saying that there is still work left to be done and hence it will be delayed.
The approval would make it the first Bitcoin Futures contracts to pay in cryptocurrency instead of the usual, cash.
Moreover, many prominent people in the Bitcoin community are under the hopes and excitement that this approval would kick-start the anticipated bull run for Bitcoin.
Alex Krüger, a prominent trader and an economist, tweeted his enthusiasm:

Adam Back, a cypherpunk, cryptographer and the CEO of Blockstream displayed his support by tweeting:
“looking forward to @bakkt one day physical delivered #Bitcoin future, traded on ICE’s electronic trading platform, and physically delivered to Bakkt Warehouse for custody.”
CryptoChartsJoe commented:
“Believe it when I see it, we’ve been lied to many times before!”
The post Bitcoin [BTC] Futures Contracts get a green signal from the regulatory authorities appeared first on AMBCrypto.
Source: AMB Crypto

BitGo Adds Stellar Lumens and Dash, CEO Says They Offer Unique Features

BitGo, a major Palo Alto-based cryptocurrency startup, is adding Stellar Lumens (XLM) and Dash (DASH) to its list of cryptocurrencies that it offers custodian solutions for, signaling that the two cryptocurrencies are seen as being unique and practical enough to pass the company’s selective coin addition process.
Customers will be able to generate wallets for Dash, a spin-off of Bitcoin aimed at being a more effective means of payment, starting Friday, and wallets for Lumens starting sometime in the next couple of weeks.
BitGo markets themselves as being the “world’s most secure wallet provider,” so the addition of XLM and DASH wallets could be exciting for investors in the two cryptocurrencies. The startup is also the largest Bitcoin processor in the world, with over $15 billion in monthly transactions with clients from over 50 countries.
BitGo CEO: Dash and Stellar Lumens Offer Unique Features to Users
The announcement regarding the addition of XLM and DASH came from Mike Belshe, BitGo’s founder and CEO, while speaking on Fortune’s Balancing the Ledger FinTech video series. Belshe specifically noted that the addition of the two new cryptos is due to their unique features that “offer some advancements, particularly around payments.”
Specifically, Belshe explains that the addition of Dash is due to the cryptocurrency’s “instant payment” and “privacy payment” features that are proving useful for many people, specifically those in countries like Venezuela, who are using Dash to avoid Hyperinflation and damaging fiscal policies.
Ryan Taylor, Dash Core Group’s CEO, recently spoke to Business Insider about the adoption of Dash in Venezuela, saying:
“We are seeing tens of thousands of wallet downloads from the country each month… Earlier this year, Venezuela became our number two market even ahead of China and Russia, which are of course huge into cryptocurrency right now.”
Belshe also explains that Stellar Lumens was also a clear pick for BitGo due to its narrow focus on providing “global payments for more consumers,” which sets it apart from Bitcoin due to its specific focus on transactions rather than being a store of value.
Stellar Lumens has been seeing increasing adoption rates, specifically from IBM’s new cross-border settlement system, World Wire, which uses Stellar’s blockchain to process international transactions.
That being said, it is important to note that institutions looking to use World Wire are not required to use XLM to conduct the transactions, and the institutions have the ability to choose any cryptocurrency (whether it be XLM or a stable coin) to transact with. Many investors assume, however, that XLM will be the go-to choice due to its seamless compatibility with the Stellar blockchain.
BitGo’s Additions Come Amidst Increasing Competition
As to the increasing rate of cryptocurrency custody solutions, including those potentially being offered by JPMorgan Chase and the New York Stock Exchange, Belshe contends that BitGo will always be seen as a better choice due to custody being its sole focus. This is compared to exchanges that simply want to hold funds to encourage the use of their connected exchange.
Belshe explained that if the NYSE went to the SEC and said “‘Hey, please let us be a custodian for the assets that we trade,’ the SEC would laugh them out of the room.”
Featured image from Shutterstock.
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Brazil’s Biggest Brokerage is Officially Joining the Cryptocurrency Markets

Brazil’s largest independent brokerage is the latest example of a retail stock exchange to enter the cryptocurrency markets amidst a growing movement for stock exchanges to offer retail investors access to cryptocurrencies.
Grupo XP, the owner of XP Investmentos SA, the largest independent brokerage in Brazil, announced that they would be moving into the cryptocurrency markets by offering a platform exchange for Bitcoin and Ethereum in the coming months. Grupo XP’s CEO, Guilherme Benchimol, spoke about the launch of the new platform while at an event in Sao Paulo earlier this week.
Currently, cryptocurrency’s popularity is exploding in Brazil, with investors having five times as much exposure to Bitcoin as they do stocks. The sheer popularity of Bitcoin is what is pushing the exchange into the markets, although Benchimol isn’t excited about his exchange’s new product.
“I must confess, this is a theme I’d rather didn’t exist, but it does. We felt obligated to start advancing in this market,” Benchimol said.
The new platform comes as Brazil’s government is strengthening cryptocurrency regulations by offering comprehensive frameworks outlining the tax laws surrounding the relatively new forms of currencies. Brazil’s main regulatory authority, the CVM, has released a comprehensive document that offers guidance to fund managers looking at adding cryptocurrencies to their portfolios.
The new exchange will be called XDEX and will be run by Thiago Maffra independently of the exchange’s other platforms and is the latest example of traditional retail exchanges moving into the cryptocurrency markets.
NYSE and Nasdaq Are Examples of Retail Exchange Entering Cryptocurrency Markets
In August, news broke that the New York Stock Exchange’s parent company, Intercontinental Exchange (ICE), was entering the cryptocurrency markets through a partnership with upcoming cryptocurrency exchange, Bakkt.
The upcoming exchange is anticipated to bring an unprecedented level of corporate interest in the cryptocurrency markets and has already gained corporate partners including Microsoft and Starbucks.
CNBC’s Brian Kelly has high hopes for this new exchange, saying that the Bakkt exchange news is “the biggest (crypto) news of the year.”
The goal of Bakkt is to provide the cryptocurrency markets with a “scalable on-ramp for institutional, merchant, and consumer participation.” If approved by the U.S. CFTC, the exchange will mark the first major examples of a major U.S. stock exchange entering the cryptocurrency markets through a partnership with an exchange.
Nasdaq, another major U.S.-based exchange, is also reportedly entering the cryptocurrency markets by acquiring a crypto-friendly startup based in Sweden.
Nasdaq will be acquiring the company, called Cinnober, for $190 million in cash. Although the Swedish fintech startup does not yet offer investors access to cryptocurrencies, they have been working on several analytic tools for tracking and predicting the price of cryptocurrencies, including Bitcoin and Ethereum.
The startup has also been working to provide real-time clearing technology and post-trade solutions for cryptocurrency exchanges. It is unclear whether or not Nasdaq will incorporate any of Cinnober’s solutions into their own exchange.
Featured image from Shutterstock.
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Bakkt to Foster Institution & Consumer Participation, No Leverage & Margin on Bitcoin Contracts

Bakkt, the digital asset platform by NYSE’s owner and backed by Microsoft and Starbucks is working hard at building a transparent and an institutional quality ecosystem for digital assets. CEO Kelly Loeffler explains that they are offering full collateralized or pre-funded bitcoin buying and selling meaning there will be no leverage or margin involved.
NYSE owner’s Bakkt hard at work
It’s been only two weeks that NYSE’s owner, Intercontinental Exchange announced the “launch of regulated, physical Bitcoin futures contract and warehouse planned for November 2018.” Bakkt, a global platform “designed to bring digital assets to the mainstream and help unlock the potential of this important technology.”
In its latest official blog, Kelly Loeffler, the CEO of Bakkt is talking about being already at work on creating an open and regulated ecosystem for digital assets. She shared how in 1999, Nobel Laureate Milton Friedman has predicted the emergence of e-cash and “now are we seeing the promise of a true digital currency.”
From regulated, institutional trading and security solutions to offering more transaction choices to a customer, Bakkt is working on the wider application of digital assets.
The news of the Bakkt has been seen as one of the most important ones for the investors and experts alike. And given the giants viz. Microsoft and Starbucks included in this, it certainly holds a lot of potential for the future of the crypto market. Loeffler acknowledged the “very strong” response they received from worldwide.
People are certainly feeling positive as Mike Strutton of Ironwood shared:
“We may think #ETFs are the big story for #Bitcoin. I believe @Bakkt & “physical” bitcoin futures are going to drive the price – their vision for institutional and consumer retail sounds strong. November will be exciting. Congrats to CEO Kelly Loeffler, woman in crypto.”
Also, read: PwC & NYSE Top Executives Quit to Join BitcoinFirms
Fully collateralized Bitcoin buying & selling
Talking about the widespread need for a trusted infrastructure for storing, spending and trading cryptocurrencies. In order to achieve this, they are working on the “proven framework” comprising of, a consistent regulatory construct, transparent, efficient price discovery, and an institutional quality pre- and post-trade infrastructure.
With a special emphasis on “price discover”, she shares that “trusted price formation is a fundamental part of advancing the promise of digital currencies.” She further talks about not allowing margin or leverage on their contracts stating:
“Specifically, with our solution, the buying and selling of Bitcoin is fully collateralized or pre-funded. As such, our new daily Bitcoin contract will not be traded on margin, use leverage, or serve to create a paper claim on a real asset. This supports market integrity and differentiates our effort from existing futures and crypto exchanges which allow for margin, leverage and cash settlement.”
She further adds:
“Coupled with a secure, regulated warehouse solution, you can begin to see how this market infrastructure can help more institutions and consumers participate in the asset class.”
However, some were quick to point out as did Caitlin Long, a Wall Street veteran,
“Interesting response from @Bakkt today. For #bitcoin this is good news/bad news. First the good–Bakkt disclosed it’s not using margin or leverage (explicitly). That’s positive. But then the bad–it was silent about hidden leverage, which is subtle…”
The blog also points out the fact that the market cap recently dropped below $200 billion but ICOs, corporate R&D and venture investing is still going strong in this arena. This potential has the team excited about the upcoming launch.
The post Bakkt to Foster Institution & Consumer Participation, No Leverage & Margin on Bitcoin Contracts appeared first on Coingape.
Source: CoinGape

Coinbase’s CEO Wants to Manage Bitcoin Adoption Expectations

As the cryptocurrency markets suffer from what appears to be a prolonged bear market, investors are looking towards long-term prospects that could aid the price. However the CEO of Coinbase has a warning for anyone getting too excited about widespread Bitcoin adoption in the near future.
Bitcoin’s price is currently sitting at $6,400, up from weekly lows of $5,950 on Coinbase. As Bitcoin’s price fell, many altcoins were pushed to yearly lows, including Ethereum (ETH) whose price dropped to around $250, and Litecoin (LTC) whose price hit lows of $51 earlier this week.
Altcoin and Bitcoin investors alike are looking towards upcoming developments like the Starbucks, Microsoft, and ICE Bitcoin payment provider in order to maintain hope for future success.
Widespread Bitcoin Adoption Could Take Years
While speaking to Bloomberg at a San Francisco tech summit, Brian Armstrong spoke about cryptocurrency adoption, saying that he thinks “it will be quite some time before you cross the street to Starbucks in the U.S. and pay with crypto.”
On this front, Armstrong may be correct. Initially, it appeared that Starbucks was working with Microsoft and New York Stock Exchange parent company ICE to provide a digital payment platform that would allow users to pay for their orders using a Bitcoin wallet. After the reports became widespread, however, Starbucks clarified their plans, saying that, “Customers will not be able to pay for Frappuccinos with bitcoin.”
Armstrong also shared a common sentiment that most cryptos are only used for speculative investing, saying that around 10% of currently traded cryptos are used to make purchases or to conduct financial transactions.
Many people are concerned that the bear market may persist until major developments are made that bring regulatory clarity and widespread adoption. These include the acceptance of Coinbase Commerce on more websites and the approval of the highly anticipated Bitcoin ETF.
Armstrong optimistically said:
“This technology is going through a series of bubbles and corrections, and each time it does that, it’s at a new plateau. People’s expectations are all over the map, but real-world adoption has been going up.”
Armstrong Bullish on Bitcoin Adoption in Countries in Economic Turmoil
Armstrong also spoke about regulation in some countries, explaining that he doesn’t feel that the amount of countries banning cryptocurrencies will negatively affect Bitcoin adoption any more than it did the adoption of the internet.
“Most places in the free world are adopting this technology. They rightly want to protect consumers though…There are going to be some countries in the world, just like the internet, where bitcoin and cryptocurrencies are restricted.”
Countries like India and China have notably banned crypto trading, which has unfortunately lowered trading volume significantly from where it could be otherwise.
Armstrong also shared his thoughts on the adoption of Bitcoin in countries going through economic crises and rapid currency inflation, explaining that citizens of those countries with internet and phone access will realize that it is more efficient to adopt Bitcoin and other cryptocurrencies as a means of banking and payment.
“I’m bullish on countries that are going through economic crisis, over the next three to five years, where everyone has the internet and a smartphone, you could see people adopting bitcoin and cryptocurrencies as an alternative.”
Armstrong is referring to countries like Venezuela and Turkey, who have seen hyper-inflation of their currencies due to poorly executed social changes and economic issues.
Coinbase’s user registration rates are a good signal of the market health, but unfortunately, recent reports claiming that they were bringing on 50,000 new users per day were found to be inaccurate, and were figures pulled from the height of the 2017 crypto bull run. It is unknown what Coinbase’s current daily registration numbers are.
Featured image from Shutterstock.
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PwC & NYSE Top Executives Quit to Join Bitcoin Firms

After Coinbase, Gemini, and Ripple; bitcoin.com.au joins the list to hire top executives from Wall Street. The latest one to lose its top executive is the big four accounting firm PricewaterhouseCoopers (PwC) Australia whose former director of digital strategy is joining Bitcoin.com.au as its new CEO. Recently, NYSE’s former CIO Robert Cornish took up the role of CTO in Gemini.

Ben Ingram of PwC Australia the new CEO of bitcoin.com.au

The big companies in the mainstream industries are increasingly losing their talent, especially at the top level to the cryptocurrency world. After employees’ exodus from Wall Street, other c-suite executives are following the suit, all over the world.

One of the big four accounting firms, PricewaterhouseCoopers (PwC) is the latest in this growing list. Ben Ingram who worked as a director in charge of the digital strategy in PwC left the firm in March. Now, he has joined bitcoin.com.au, a cryptocurrency exchange as its new CEO.

Ingram shares his optimistic views in the crypto sector with,

“We’re in the early-stage development of a new protocol. I think the core premise of distributed ledger technology (DLT) has very obvious widespread appeal. Even if the tech capabilities at present aren’t capable, I think humans will prevail.”

He further stated,

“We know this tech doesn’t have a dead-end. While the evolutionary path hasn’t been fully determined, I think there’s enough evidence that there is a path.”

Ingram will be working on the exchange’s functionality and developing crypto-based financial products in areas like superannuation.

Talking about the exchange, Ingram says that the digital exchange that currently provides services only for Bitcoin and Ethereum differs from the typical exchange in the way that,

“It provides people one of the easiest ways to get into bitcoin — and importantly, get back out of bitcoin. That includes same-day settlement, so cash back into your account as at the date of the transaction.”

Ben Ingram’s exit from the traditional world of finance was followed by Rob Jesudason, the financial chief of CBA who left the bank to join Block.one, the company behind the 5th largest cryptocurrency EOS.

Also, read: Clarity is the Key Word to Turn Bears into Bulls Says Todd Colvin

Robert Cornish of NYSE becomes the CTO of Gemini

Gemini, a digital asset exchange and custodian by the bitcoin billionaire Winklevoss brothers recently announced the addition of Robert Cornish to their team as Chief Technology Officer. Cornish previously worked as the Chief Information Officer at New York Stock Exchange (NYSE).

Cornish will be joining the Gemini team next month who will be responsible for the exchange’s strategy, architecture, technology team, and deployment of Nasdaq’s SMARTS market surveillance technology.

The CEO of Gemini, Tyler Winklevoss appreciated Rob as he said,

“Rob is a tremendous addition to our team. He will ensure that Gemini continues to deliver the best platform experience to our customers as possible and set the standards of excellence for the cryptocurrency industry as a whole. Rob is globally recognized for his abilities in leading high-performing engineering teams, his expertise in exchange and matching-engine architecture, and running high-throughput platforms that are both secure and resilient.”

This is certainly a good time for Gemini to make such additions as recently it became the first licensed Zcash exchange to obtain approval from NYDFS to offer trading and custody services to Zcash customers.

Cryptocurrency market is making a huge impact on the mainstream industries as evident from the fact that in the past few months, the employees’ exodus is rising significantly.

The post PwC & NYSE Top Executives Quit to Join Bitcoin Firms appeared first on Coingape.


Source: CoinGape