Author Archives: David Drake

Will Dropping Some Currencies from Exchanges Reduce Crypto Cyber Crime?

by David Drake According to Forbes, Japan’s Financial Services Agency (FSA) has quietly been pressuring cryptocurrency exchanges to stop trading digital currencies that tend to be favored by underworld users. The FSA argues that currencies such as Monero (XMR), Zcash (ZEC), and Dash (DASH) are ideal for money laundering because it is extremely difficult to track them and identify recipients. A […]

Why Corporate Adoption of Blockchain is Not Entirely New, but Largely Anticipated

by David Drake The number of corporates that are integrating blockchain technology in their business system has been on the rise lately. Just last month, Walmart, one of the largest retail stores in the US, is now using blockchain to manage its food business. The company is now adding food suppliers on its blockchain-powered system to cut down on waste, […]

How Amazon is Making Blockchain Technology Accessible to Customers

by David Drake The initial idea behind the development of blockchain technology was to give Bitcoin an accounting backbone for its transactions.  Through the use of distributed ledgers, it was anticipated that cryptocurrency platforms will be able to process digital transaction with the utmost security, free from a centralized financial system. However, with time, this technology has proven applicability in […]

What Benefits Will Institutional Investments bring to the Cryptoworld?

by David Drake Several events rocked the cryptocurrency market as we embarked on 2018. Market capitalization see-sawed losing more than 48% of its value on the first quarter of the year. From $612 billion, crypto market capitalization went down to $261 billion by the end of March while Bitcoin’s value went down by more than 50%. Japan, the United States […]

Market Volatility: Why Participation of Institutional Investors is Critical for the Crypto Market

by David Drake Over the last few weeks, institutional investors have turned their attention to the cryptocurrency market. In the UK, Barclays PLC announced it is gauging the market to determine whether it will set up a digital trading desk to assist institutional investors purchase digital assets. This is perhaps the most notable step that a financial institution has taken […]

Will the Cryptomarket Continue to Attract Institutional Investments?

  by David Drake Over the past few days, we have seen institutional investors like family offices, venture capital and even royalty funds – enter the cryptocurrency market. George Soros officially issued an internal approval for his $26 billion fund, Soros Fund Management, to trade cryptocurrencies. But Soros isn’t the only one who has developed interest in the crypto market. […]

High Expectations as Institutional Investors Enter the Cryptocurrency Market

  by David Drake Cryptocurrency is an idea whose time has come and cannot be ignored. However, many traders, investors, and spectators are wondering if the crypto market will recover its lost ground following the big drop in crypto prices and market cap during the first quarter of 2018. The entry of institutional investment into the crypto market is definitely […]

Matthew Mellon, Billionaire Banking Heir Leaves a Crypto Legacy

by David Drake Banking heir and cryptocurrency bigwig billionaire, Matthew Mellon, passed away on April 16th, in Mexico. The cryptocurrency landscape will never be the same again with his passing. When the industry was just starting and investors were hard to get, he invested $2 million in cryptocurrencies. That investment move encouraged other investors to follow suit, and brought him […]

How Reduced Market Uncertainty is Boosting Institutional Capital in the Crypto Market

by David Drake Towards the end of 2017, the cryptocurrency market began experiencing a downward trend. This got worse in early 2018 as governments launched crackdowns with the aim of protecting investors. This and other factors caused the value of digital assets to drop by almost 50%. As we enter the second quarter of the year, things seem to be […]

Why are Institutional Investors Suddenly Interested in Cryptos?

by David Drake The cryptocurrency market has gained popularity over the past few years to the extent that those who viewed it as a speculative bubble are already having second thoughts. As the cryptocurrency adoption continues to grow, institutional investors now have their eyes set on this revolutionary market. Recently, several institutional investors have taken concrete steps to invest in […]