Mike Novogratz has been singing the same tune — saying «the herd is coming» in relation to the changing sentiments
of mainstream financial institutions towards cryptocurrencies.
The launch of Bitcoin futures trading has inevitably put cryptocurrencies in the spotlight
of mainstream financial institutions.
The interest that HYCM is taking in bitcoin trading is yet another example
of mainstream financial institutions attempting to cash in on bitcoin's meteoric rise.
(I know of one person in the South West who is planning to invest, having gotten sick of the shenanigans
of mainstream financial institutions.)
Not exact matches
One former private lending executive, who would only comment on condition
of anonymity, argues the recent growth in the private lending space represents a market response to excessive constraints on
mainstream financial institutions.
Developmental lending as practiced by IBC involves providing
financial services (primarily loans) to aboriginal people who, for a variety
of cultural and / or
financial reasons, are alienated by
mainstream lending
institutions; approving loan applications on the basis
of typical
financial considerations while taking into account the potential for positive social or community outcomes; and evaluating social outcomes resulting from the loan portfolio over the long term.
This report was very successful in terms
of global media coverage, and was instrumental in
mainstreaming our research, awakening the capital markets and
financial institutions to climate risk.
Bitcoin and other cryptocurrencies have had an unprecedented year in its growth rate, which has encouraged several
mainstream financial institutions to embrace the future
of cryptocurrency.
In a Q&A with AngelList founder Naval Ravikant at TechCrunch Disrupt on Monday, Buterin said that security is the biggest challenge to bringing blockchain technologies into the
mainstream, and that once it's sorted out, blockchain tech could steal business or even replace
financial institutions like Visa in a «couple
of years.»
A recent post on the Clearmatics website, titled «No, Bitcoin is not the future
of securities settlement,» provides a point - by - point analysis
of the original Bitcoin whitepaper by Satoshi Nakamoto from the point
of view
of the
financial establishment, and a clear outline
of the reasons why banks and
mainstream financial institutions won't touch permissionless blockchain networks like Bitcoin.
Instead
of persuading commercial banks and other
mainstream financial institutions for funding, owners
of cryptocurrency projects take them directly to the public market.
With the inclusion
of CCX30 on a popular global news media outlet, the cryptocurrency market is poised to handle extra attention it is going to get soon from
mainstream investors and
financial institutions... Continue reading Breaking News!
Meanwhile, traditional
financial institutions like JP Morgan, Bank
of France, Coutts Bank were staunchly opposed to cryptocurrency adoption — as was reported by numerous
mainstream news outlets.
Anticipation was in the air as the Chicago Mercantile Exchange became the second
mainstream financial institutions to launch trading
of Bitcoin Futures contracts on their exchange.
The general sentiment ahead
of the futures» launch was that
mainstream financial institutions openly trading on the Bitcoin market would cause a greater stream
of money to flow into Bitcoin, raising the price.
Another problem is that once the Bitcoin is mined, it remains difficult to hold onto the digital currency, which is an encrypted address on the Blockchain with nothing physical to back it, and out
of the
mainstream of established
financial institutions that so far are staying on the sidelines.
While Bitcoin may not replace the U.S. dollar anytime soon, the underlying technology
of the blockchain is certainly generating hype among
mainstream financial institutions.
People will see that a cryptocurrency exchange is a part
of the
financial mainstream and is supported by governmental
institutions, and there will be more trust, claims the financier.
The meteoric rise in Bitcoin price over the last year has made many a fortune, but November has seen a new wave
of good sentiment towards cryptocurrencies by
mainstream financial institutions.