ShapeShift’s Voorhees: Bitcoin Won’t Become Trillion-Dollar Asset Without More Bubbles

ShapeShift’s Voorhees: Bitcoin Won’t Become Trillion-Dollar Asset Without More Bubbles

The instant convertor’s CEO told Bloomberg that current volatility is an essential part of crypto’s metamorphosis. The CEO of instant cryptocurrency exchange platform ShapeShift told Bloomberg TV on May 15 that bubbles are an essential part of the industry’s growth.Speaking in an interview, Erik Voorhees argued that the volatility seen in bitcoin (BTC) and altcoin markets over the years is a necessary phenomenon for a nascent asset.“There have to be bubbles in crypto because…

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Post-Hack, Binance Plans to Re-open Withdrawals and Deposits Tomorrow

Post-Hack, Binance Plans to Re-open Withdrawals and Deposits Tomorrow

CEO Changpeng Zhao has announced that the platform plans to fully resume deposits and withdrawals tomorrow. Changpeng Zhao (CZ), CEO of major crypto exchange Binance, has announced that the platform plans to fully resume deposits and withdrawals tomorrow. CZ made the announcement in a security incident update published on May 12.As reported, Binance had suspended deposits and withdrawals as it worked to rehaul its security systems in the aftermath of a major hack on…

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Bakkt to Roll Out First Bitcoin Futures Testing in July 2019

Bakkt to Roll Out First Bitcoin Futures Testing in July 2019

First announced in August 2018, ICE’s Bakkt is planning to test bitcoin futures trading and custody in July 2019. Bakkt plans to roll out testing for bitcoin futures trading in early July 2019, Bakkt CEO Kelly Loeffler announced in a Medium post on May 13.First announced in August 2018, institutional crypto exchange Bakkt now announced that it will soon introduce bitcoin futures trading testing on a federally regulated futures exchange in collaboration with its…

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