#CryptoCorner: #NYSE Owner to Open Exchange, #Binance CEO Defends ICOs and Congress Talks #Blockchain
#CryptoCorner: #NYSE Owner
to Open Exchange, #Binance CEO Defends ICOs and Congress Talks #Blockchain
Point Roberts, WA, Delta BC – May 8, 2018 - Investorideas.com,
a leader in crypto and blockchain investing news reports on what’s driving the cryptocurrency
markets with today’s edition of Crypto Corner.
Read this in full at http://www.investorideas.com/news/2018/crypto-corner/05081NYSEBinanceBlockchain.asp
NYSE Owner to Open Exchange, Binance CEO Defends ICOs and Congress Talks
Blockchain
International Exchange (ICE), the parent company of
the New York Stock Exchange (NYSE), is developing an online cryptocurrency
exchange according to a report in the New York Times today. Citing information gleaned from “emails and documents” and four
sources who requested anonymity, the NY Times reports:
“Details of
the platform that Intercontinental Exchange is working on have not been
finalized and the project could still fall apart, given the hesitancy among big
Wall Street institutions to be closely associated with the Wild West of virtual
currencies. A spokesman said that the company had no comment.”
Zhao
Changpeng, CEO of cryptocurrency exchange giant Binance, wrote a blog post
defending ICOs against traditional Venture Capital yesterday.
“Through
my own experience, and watching hundreds of other projects at a close distance,
I would say raising money through ICOs is about 100 times easier than through
traditional VCs, if not more. With the ease of raising money increased, logic
says there may be 100 times more startups, well-funded startups, where ICOs are
allowed.”
The U.S.
Congress is meeting to discuss blockchain today. According to
a report on CoinDesk,
the talks will emphasize blockchain’s use in supply chain management:
“According to
Illinois Representative Randy Hultgren, the conversation will focus in part on
how the tech can solve issues around intellectual property theft - a potential
hot-button issue considering the Trump administration's recent statements on IP
theft by the Chinese government.
"This
hearing will help examine how new technologies are improving the ways in which
consumers can be better informed about where their products are coming from,
how companies can validate a secure, ethical supply chain and how U.S.
intellectual property can be better defended against unlawful practices,"
Hultgren said in a statement.”
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