30% Of Financial Executives To Commit Resources To Blockchain

The Financial Executives Research Foundation (FERF) has released a report prepared in partnership with one of the ‘Big Four’ accounting and consulting firms Deloitte, on how blockchain technology is being employed in financial applications, Accounting Today reported May 9. The report entitled “Blockchain for Financial Leaders: Opportunity vs. Reality” analyzes how blockchain could affect financial reporting, staffing, and other areas essential to executives. Researchers surveyed a group of financial executives, 30 percent of whom said they “plan to commit resources to blockchain within the next year and a half, though…

Chinese Social App WeChat Suspends Third-party Blockchain App

WeChat, a Chinese messaging, social media, and payment application developed by Tencent, has suspended a third-party blockchain application that initiates contract agreements by app users, local news outlet Caijing reported May 9. Xiao Xieyi, a mini-program launched on Wednesday, was promoted as a service to allow users on WeChat to create contract agreements and a unique social media ID using blockchain technology. This reportedly would ensure that the content and users’ identities are authentic and reliable. The app, according to Caijing, would allow users to encrypt and record Ethereum network…

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis, May 09

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The cryptocurrency market capitalization has dipped following the criticism from the legendary investors Warren Buffett and Charlie Munger. This time, even the founder of Microsoft, Bill Gates opined that he would short Bitcoin if he could. Contrary to his opinion, Microsoft continues to…

New Report On Crypto Ownership Shows ‘Majority Of Early Adopters Already On Board’

New research into the current state of global bottom-up adoption of cryptocurrencies was released in a report by Dalia Research on their Medium blog, May 9. The report shows differences in crypto ownership and knowledge along lines of education, gender, and nationality. The analysis attempted to “measure the spread of awareness, knowledge, buying intention and ownership of cryptocurrency,” in a survey of over 29,000 internet-connected people in 8 countries with the largest cryptocurrency markets (US, UK, Germany, Brazil, Japan, South Korea, China, and India). The survey revealed that although on…

Bloomberg Galaxy Crypto Index Launched

The cryptocurrency industry just got another player. On Wednesday, Bloomberg and Galaxy Digital Capital Management LLP launched the Bloomberg Galaxy Crypto Index (BGCI). This is pretty significant news, and if you haven’t clued in as to why just yet, don’t worry – you’ll understand soon.  The Bloomberg Galaxy Crypto Index Today, the Bloomberg Galaxy Crypto Index was launched. The key players in this index are Bloomberg and Galaxy Digital Capital Management LLP. More specifically, the index is owned by Bloomberg Index Services, while Galaxy Digital Capital co-brands the index. The latter…

This Blockchain Tosses Blocks: Naval, MetaStable Back Twist on Crypto ‘Cash’

A blockchain without the blocks? Not exactly, but a company launching Wednesday called O(1) is seeking to take the unorthodox approach of throwing out the blocks its new Coda protocol produces as soon as they elapse. While that might seem illogical since blockchain’s immutable history is to many its principal benefit, an impressive line-up of investors believes the idea could be just what cryptocurrency needs. Led by Metastable, AngelList co-founder Naval Ravikant, and Twitter and Google alum Elad Gil, O(1) has secured a $3.5 million seed equity round, with investment from…

Ex Goldman Sachs President Gary Cohn

Cryptocurrency markets were in the red over the last two days, now today, the majority of coins are making small sideways movements. Bitcoin price lost all the gains that it generated during its weekend rally. Bearish calls from top rated market analysts created a broader selloff in cryptocurrency markets. Following Warren Buffett and Bill Gates, former Goldman Sachs President Gary Cohn said yesterday that he is not a big believer in Bitcoin’s potential to become a global cryptocurrency. Gary Cohn Show Concerns on Bitcoin Although he likes the idea of…

Bloomberg Partners Novogratz’s Galaxy Digital Capital To Release Crypto Benchmark Index

Bloomberg and Mike Novogratz’s crypto merchant bank Galaxy Digital Management have launched the Bloomberg Galaxy Crypto Index (BGCI) that will track ten cryptocurrencies from the “largest, most liquid portion of the cryptocurrency market,” Bloomberg reports today, May 9. The coins to be listed on the index currently are Bitcoin (BTC), Ethereum (ETH), Ripple, Bitcoin Cash, ESO, Litecoin, Dash, Monero, Ethereum Classic, and Zcash. Bloomberg writes that the BGCI offers the “first institutional benchmark for the cryptocurrency market.” Global Product Manager for Bloomberg Indices, Alan Campbell, said that the “launch of…

Is a Another Bull-Run Near?

Cryptocurrency markets are under pressure for the third straight day after hitting the two months high on Sunday. Positive reports — including the potential launch of cryptocurrency trading on Wall Street and the upcoming Consensus Conference beginning May 14 — don’t seem to be having any influence over the market. Could it be that the good news is trumped by the recent outspoken bearish stances from legendary investors Warren Buffett and Bill Gates? But the good news can hardly be ignored for long: Intercontinental Exchange (ICE) – the parent company of…

Crypto Markets See Mix Of Green And Red After Weekend Selloff

May 9: crypto markets are seeing a mix of green and red after Bitcoin (BTC) challenged $10,000 on Saturday, May 5, only to be followed by a subsequent drop to as low as $9,000 during the weekend. The markets have since retraced their losses somewhat, with Bitcoin and Ethereum (ETH) showing gains of around 2 percent each over 24 hours to press time. Bitcoin Cash (BCH) has displayed the largest growth among top 10 cryptocurrencies, up 6 percent over 24 hours, according to Coinmarketcap data. Market visualization by Coin360 In…