Sentences with phrase «traditional finance industry»

With this move, the firm has the potential to mark the traditional finance industry's first real foray into the digital token arena.
O'Brien sought to frame the announcement as one that provides evidence of how increased interest from the traditional finance industry will shape standards for bitcoin trading, and for how the industry itself is taking security more seriously in the wake of Mt Gox.
Despite bitcoin's potential as a system that could replace the traditional finance industry, the investment community - represented by Allaire and Fred Ehrsam, co-founder of Coinbase - offered up a more moderate short - term future for the technology.
Consequently, analysts have started to evaluate the long - term bubbles in the traditional finance industry, and whether emerging assets like Bitcoin should be described as bubbles or traditional assets that have been on a decline for many decades should be considered as long - lasting bubbles.
While Bitcoin has fallen behind Ripple, Litecoin and Ethereum by investment profitability and price growth in 2017, it has been the only cryptocurrency adopted by leading financial institutions and service providers in the traditional finance industry.
However, the lack of intrinsic argument often brought up by experts in the traditional finance industry has been refuted by both cryptocurrency and technology experts on many occasions,
Mainstream media and news networks like ABC News and the Wall Street Journal that have sustained a strong client base in the traditional finance industry, have started to provide extensive coverage on bitcoin because conventional investors have begun to demonstrate an increasing demand for bitcoin and the cryptocurrency market.
However, the lack of intrinsic argument often brought up by experts in the traditional finance industry has been refuted by both cryptocurrency and technology experts on many occasions, as CCN reported.
The integration of bitcoin by a major commercial bank in South Korea will likely lead to the imposition of regulatory frameworks by local financial authorities on bitcoin and cryptocurrency businesses, which will further increase the demand for bitcoin from the traditional finance industry.
Undoubtedly, the entrance of investors from the traditional finance industry through the futures market led to an improvement in the market's liquidity.
Economists, bank executives, and a small portion of investors in the traditional finance industry have publicly condemned bitcoin, falsely describing the cryptocurrency as a fraud, a money laundering tool, and a bubble.
Earlier this year, Novogratz officially retired from the traditional finance industry to solely focus on cryptocurrency investments.
More to that, Jeff Paik, the founder of Finector, a Seoul - based research firm, told Nathaniel Poppers of the New York Times in an interview that investors from the traditional finance industry is leading the bitcoin market in South Korea, not technology enthusiasts and young traders.
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