Blockchains and Bagels Daily Market Roundup – 04.24.2018
Blockchains and Bagels: the morning market update to get you ready for the day ahead. Today, institutional interest is quantified in Thomson Reuters survey while regulatory clarity continues to progress with commentary by industry experts.
Weiss Ratings gives Bitcoin a C+ amid a growing competitive landscape
Weiss Ratings, one of the first digital asset rating agencies, downgraded Bitcoin from B- to C+. Citing a growing number of competitors that overcome Bitcoin’s short comings. The group sees Bitcoin’s first mover advantage providing support for its longevity.
Former CFTC chairman believes Ether & Ripple could be classified as securities
Gary Gensler, former chairman of the CFTC, spoke at a blockchain conference at MIT of his beliefs that Ether & Ripple may be classified as securities. The two digital currencies have a common enterprise that may benefit contrasted with Bitcoin that does not.
Thomson Reuters survey of institutional interest showing 1 in five institutional clients are exploring digital assets
Thomson Reuters has published a survey of over 400 institutional clients that indicate 1 in 5 are looking to begin trading digital assets within the year. Of those indicating interest 70% are interested in taking on exposure in the next three to six months.
Marshall Islands to explore launching a digital currency
The country uses the US dollar as a its official currency but is exploring the launch of a digital currency in parallel. It will be called the Sovereign (SOV) and is supported by the government.
Around the network
- Blockchain economic event talked blockchain & digital currency
- Walmart is getting suppliers to put food on the blockchain
- Charlie Lee joins DMG Blockchain advisory board
Through the headlines
- Toronto comes together to remember victims of deadly van attack
- Didi Chuxing in talks to launch US$80 billion IPO
- Millennials top of mind at Sohn Conference
- Diet Coke reboot drives Coca-Cola sales bounce, reports EPS of 47 cents
- US 10-year treasury yield hovers just under 3%
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