Consensus 2019 and Blockchain Week NYC witnessed a flurry of developments in the crypto-sector. Many in the community speculated the rise in institutional adoption to be the cause of the massive surge in Bitcoin prices and the collective cryptocurrency market’s value. The long sought after market recovery propelled the digital coins to break several resistance points, despite cooling down shortly after.
The most recent development making headlines was the Gemini and Flexa partnership. In a bid to enable users to purchase from prominent retailers across the US, like Barnes & Noble, Baskin Robbins, Bed Bath & Beyond, Caribou Coffee, and Crate & Barrel, among others, the leading digital currency exchange collaborated with the payment solution provider channel.
While speaking at the 10th Asian Leadership Conference 2019 in South Korea, Binance CEO Changpeng Zhao aka CZ, commented,
“If you don’t want to be left out in the future, you will have to embrace it.”
CZ added that cryptocurrencies “could not be ignored” and added that the ones who are doing so would end up making themselves “poorer”.
According to the CEO of one of the world’s leading crypto-exchange platforms, Bitcoin [BTC] or cryptocurrencies, do not fall under the category of traditional assets. He said that digital coins are neither securities nor commodities, adding that they are not even “currencies”, but something very different and unique.
In his presentation, CZ also mentioned that if someone was trying to “nib Bitcoin in the bud”, then it would imply that they simply “don’t understand” it. He added,
“If you want to ban Bitcoin, which many people have tried, then all you’re doing is just excluding yourself from the future of finance. “
Subscribe to AMBCrypto’s Newsletter
Justin Sun on shaking down the Internet, Coin Metrics on Kin’s blockchain activity and more
Crypto News – 26 June – Justin Sun on shaking down the Internet, Coin Metrics on Kin’s blockchain activity and more
— AMBCrypto (@CryptoAmb) June 26, 2019
Crypto News – 26 June
Bitcoin breaches new resistances: In a sensational run that saw the coin surge by 15% over 24 hours, the world’s largest cryptocurrency breached the $12,000 mark, while also briefly touching the $13,000 mark, before falling again
Read more at https://bit.ly/2ZMkS10
Tone Vays on Bitcoin’s biggest strength: Tone Vays opined that Bitcoin’s biggest strength was the fact that it was completely “unconfiscatable” and that one’s BTC is completely safe if it is protected and secured with attention
Read more at https://bit.ly/2RD2BjL
Tron Foundation launches new inititative: Justin Sun’s Tron Foundation announced a $20 million TRX buy-back plan to promote community activity and market stability
Read more at https://bit.ly/2X8aA9W
Joe Kernen on Bitcoin, Libra: The once crypto-skeptic, CNBC Squawk Box’s Joe Kernen is of the opinion that Libra is for corporations, while Bitcoin is for the people
Read more at https://bit.ly/31MkqSa
Bloomberg on JPM Coin: According to a report by Bloomberg, the Jaime Dimon-led institution plans to launch the JPM coin and use it for bond transactions
Read more at https://bit.ly/2X75DTr
Fundstrat report on stablecoins: According to a recent report by New York-based Fundstrat Global Advisors, the FS CryptoFX Stablecoin index fell by a whopping 21 percent against BTC, with Gemini outperforming Tether [USDT]
Read more at https://bit.ly/2X5qPJw
BitGo’s latest collaboration: Bitcoin IRA has announced that it will be teaming up with BitGo to launch crypto-retirement accounts insured for $100 million
Read more at https://bit.ly/31UvjBz
Subscribe to AMBCrypto’s Newsletter