The union of cryptocurrency and Wall Street is much like a Medieval arranged marriage: A little bit of wealth is at stake but everyone seems miserable and most people involved are in need of a bath. Few are as upset about the whole thing as those who are involved in crypto for ideological reasons—or, at least, those who say they are.
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The corner of Wall and Broad Streets is one of the most boring and disappointing places on earth these days but once it was synonymous with finance (via Pixabay)Must-reads for Nov. 9, 2018: Wall Street gives cyrpto a ‘meh’
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Wall Street’s Crypto March Slowed by Appetite of Large Investors (Bloomberg) You know how HODL bros are always posting on Reddit that “the big boys” are totally into crypto and just you wait when it takes over Wall Street and…? Well, it looks like that won’t happen any time soon, at least not in a major way. “Large institutions currently have little appetite for investing in digital assets, said Nikolay Storonsky, a former Credit Suisse Group AG trader turned fintech entrepreneur…. Storonsky’s comments, which were made at Web Summit 2018 in Lisbon, chime with those of BlackRock Inc.’s Larry Fink, who said earlier in the year that his company’s clients…
- The corner of Wall and Broad Streets is one of the most boring and disappointing places on earth these days but once it was synonymous with finance (via Pixabay)
How crypto could change when financial markets start trading
Why does Wall Street clock out at 4 p.m. every day?
John Zanni is President of Acronis, a data backup and cyber-protection company that makes broad use of blockchain technology to secure its’ customers’ data. As a business, Acronis isn’t interested in cryptocurrency but instead works closely with the technology that powers it. Acronis harnesses the blockchain’s ability to move and validate information. While he does personally hold some bitcoin, Zanni says he only cares about cryptocurrency in the context of how it’s going to change the world. “Crypto markets run 24/7 while Wall Street shuts down at 5:00,” he said. “That tells me that sometime within our lifetimes, conventional trading will also be 24/7.” Indeed, Wall Street’s buy-and-sell drama only…