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Tag Archives: Expected

Report: Executives Say Blockchain Integration Harder Than Expected

As the frenzy to incorporate blockchain technology into companies’ existing infrastructure picks up steam, many executives claim that the incorporation of Digital Ledger Technology (DLT) has been harder than they had anticipated. The report, which was conducted by Greenwich Associates, collected data and responses from more than 200 executives of companies that had been undergoing modernization via the incorporation of ...

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Traders Expected Bitcoin to Rise as Stock Market Fell, What Went Wrong?

The sudden plunge in the price of Bitcoin has demonstrated that while it lacks correlation with the broader financial market, it is not inversely correlated with the global market. Bitcoin and major cryptocurrencies are considered as a robust store of value for investors to hedge against the broader financial market because of its lack of correlation with equities, stocks, currencies, ...

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Bitcoin Bear Market is over, Rally Expected

On Sep 20, former Goldman Sachs executive and Fund Manager at Fortress Investment Group Michael Novogratz said the Bitcoin market achieved a “bottom” and ready for an upswing.  This is not the first time Michael has expressed his optimism towards the market. At the All Markets Summit, he said  the crypto market is at “seller fatigue” in the aftermath of ...

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International Anti-Money Laundering Standards for Crypto Expected in October

The Financial Action Task Force (FATF) said it is getting closer to the establishment of a global set of anti-money laundering (AML) standards for cryptocurrencies, Financial Times reported September 19. The FATF is an international organization established in 1989 at the initiative of the G7 in order to develop policies and standards to fight money laundering. The agency’s scope of ...

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US Market Crash Expected as Household Income Explodes, Will Millennials Flock to Bitcoin?

For the first time in history, US household wealth has surged above the $100 trillion mark, fueled by the rise in the value of stocks and properties. However, analysts say the unsustainable growth in household wealth could cause a crash, which may lead millennials to flock to Bitcoin. In September, US household wealth reached $100 trillion, and ostensibly it seems ...

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Market Recovery Expected After Flurry of Positive News

Bitcoin has found stability in the low range of $6,300 to $6,400, demonstrating decent volume at around $3.8 billion and pushing its dominance index to 56.1 percent. Well performing tokens including WanChain, VeChain, Decentraland, and Waltonchain have recorded large losses against the US dollar in the range of 5 to 10 percent, mostly likely due to the struggle of ETH, ...

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Crypto ATM Market Expected to Grow to $144.5 Million by 2023

The crypto automated trading machine (ATM) market will grow to $114.5 million by 2023, according a report published Sept. 4 on ResearchandMarkets.com. Researchers expect the cryptocurrency ATM market to grow from $16.3 million in 2018 to $144.5 million by 2023, citing a compound annual growth rate (CAGR) of 54.7 percent from 2018 to 2023. According to the study, significant growth ...

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China Banning Cryptocurrency Events | Further Bans Expected

Why is China banning cryptocurrency events? The country has put in place a ban on venues hosting all events related cryptocurrency in the Chaoyang district of Beijing. China Banning Cryptocurrency Events; What’s Going On? The report comes from the local news outlet, The Paper, which states that all public spaces have been prohibited from hosting cryptocurrency-related events. This includes shopping malls, ...

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