Bearish on Bitcoin? This Fidelity Research Will Turn You Into a Raging Bull

By CCN: Fidelity Digital Assets, a subsidiary of the world’s fourth-largest asset manager with $2.46 trillion in assets under management, said in a research paper that institutional investments in bitcoin and other crypto assets are likely to increase over the next five years. The research read: “Nearly half of respondents (47%) appreciate that digital assets are an innovative technology play. 46% find digital assets’ low correlation to other assets among the most appealing characteristic. Financial advisors (74%) and family offices (80%) view the characteristics of digital assets most favorably.” We asked: what do institutions really think about #digitalassets? https://t.co/3Lq5h5ITbT —

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Rocket League: Epic Buyout Likely Means It’s Game Over for Steam Users

By CCN: Epic Games is buying Psyonix, and to say that many in the Rocket League community are unhappy is putting it woefully mildly. The Fortnite creator is desperate for exclusives to prop up its Epic Games Store against Steam. Flush with cash after Fortnite’s jaw-dropping success, they have claimed one of the shining jewels of the esports movement. Despite Psyonix alleging they won’t leave Steam users out in the cold, it seems inevitable that winter is coming for Rocket League’s original community. Download Exclusivity Must Be Epic Games’ Goal for Rocket League It isn’t exactly a big leap of

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Square’s Skyrocketing Bitcoin Sales Prove Retail Investors Are All In

By CCN: Square might have had a mixed first quarter performance, but the Cash App, which is where investors buy and sell bitcoin, was a bright spot. Bitcoin revenue nearly doubled to $65.5 million from $34 million in the year-ago period. Cash App volume, where the company boasts “15 million monthly active users,” expanded more than 100% since last year’s Q1. Square’s bitcoin revenue has been steadily increasing since Q1 2018, during a bear market no less. It’s a reflection of retail investor demand, given the peer-to-peer nature of the Cash App. Square also placed a $10,000 weekly cap for

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1 Billion XRP: Ripple Dips Into Escrow Wallet to Move $300 Million in Crypto

By CCN.com: Ripple Labs moved 1 billion XRP out of escrow yesterday, currently valued at around $300 million. Part of a monthly transfer, Ripple reportedly moves any excess funds back into escrow at a later time, or in the case of last month’s escrow, waits until next time to use any. The 55 billion XRP escrow account was created about two years ago to ensure liquidity and supply. Business as usual XRP’s reported 24-hour volume was over $850 million by press time, meaning that if the entire amount had been liquidated, it would likely have had a ripple effect at

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Clueless: Joe Biden’s China Gaffe Betrays Ex-VP’s Utter Economic Ignorance

By CCN: At a recent campaign stop, Joe Biden balked at the idea that China competes with U.S. businesses. The apparently-clueless former vice president actually pointed to disadvantages in the geography of China’s territorial land. He also made a glib reference to corruption in Chinese society. As if the most hallowed halls of the American government and economy weren’t rotten to the core. As if the Obama administration had actually punished Wall Street for all that corruption fat-cat bankers wrought in 2008. Joe Biden on China: ‘They’re Not Competition’ for United States Here’s the entire quote: “China is going to

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Chinese Crypto Exchanges List Bitfinex Token Futures after $850 Million Tether Scandal

By CCN.com: According to Zirui Zhang, the head of business development at Neutral Project, a stablecoin backed by Sequoia Capital, a major venture capital firm with $1.4 trillion of market value, some crypto exchanges in China has listed Bitfinex token futures contracts. Latest: some exchanges in China already listed #bfx token’s futures contract… people are trading over there based on the assumption that there’s not enough evidence and court will delay its decisions… 🤔 #USDT #Tether pic.twitter.com/qHipAaqKv1 — Zirui 🧜🏻‍♀️ (@zirui_z) May 2, 2019 On April 30, CCN reported that Dong Zhao, a billionaire investor in Bitfinex, disclosed the plan

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South Korea Implements Blockchain Tech In Hospitals

Asia is overtaking the blockchain market by surprise, investing huge amounts of money and effort into developing this technology, especially when it comes to improving the healthcare system. This is the case for the Gin Medical Center, one of the most important hospitals in South Korea. The hospital has partnered with Longenesis, a company dedicated […]

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Deloitte Ditches Ethereum for VeChain, Brags Beating Bitcoin Transactions

By CCN.com: VeChain, which uses Proof of Authority rather than Proof-of-Work, clocked in more transactions than Bitcoin on Saturday. A Reddit user noticed and raised the celebratory alarm; Deloitte executive Cillian Leonowicz then claimed the activity via LinkedIn, writing: We wrote more transactions than Bitcoin over the weekend by migrating our client work from Ethereum to VeChain – we managed to execute 20+ smart contract transactions per second. Deloitte, BMW, and PwC Choose VeChain ‘Big four’ services giant Deloitte announced a week ago that it would be moving away from Ethereum, onto VeChain, following a similar move by PricewaterHouseCoopers. 4)

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