Spoken News: September 15
Coinbase to 100 Wall Street Official
It seems the cryptocurrency giant Coinbase has some aggressive plans for its newly opened New York office. The office expected to draw more institutional investors to space, now set to add 100 more employees in the next year.
Coinbase Institutional general manager Adam White said:
“When we saw the market begin to correct, which we all expected, institutions didn’t lose interest. It was exactly the opposite. They look at it us an opportunity to enter when things are not too frothy.”
White also added New York has incredibly talented officials and developers and continued:
We have to create a bridge between financial services and technology,” he went on. “In order to do that, we need to pull from some of the best and brightest minds that have worked their whole careers in other kinds of traditional financial firms.
Litecoin’s Lee Said He Pleased That He Sold All of His LTC’s
Litecoin founder Charlie Lee stated that he’s happy that he sold all of his LTC’s. Lee spoke on live stream during Litecoin Summit as he said:
The revenue that I generated by selling of my Litecoins helped me to focus solely on my job. I am very happy that I sold all of my Litecoin’s. Thank God I did what I did. Any other route and I would have to look for another job to manage my life.
Lee also said he invented Litecoin because he thought Litecoin could make it better than all other coins by implementing fair policies and to become a global currency. Lee added:
Litecoin basically just fell into my lap. I am not much of a hardcore leader but my only vision was to make something that would have a lasting impact on the market and have fun while doing it.
Trefis Team: BTC Price Will Rise Up to $8500 Before Next Year
According to Trefis analysis team, Bitcoin price will rise by more than 30 percent before the 1st of January, 2019. The team stated that the number of active users and the amount they transact is the main two reasons for this predicted rise.
They also stated the approval of the ETF by SEC is likely to become one of the main ingredients for the growth of Bitcoin. Market analyst Iarius Germund added:
“While the market still responds sluggishly to a lot of the news coming out right now, the base is gradually being built. At the same time last year, the cryptocurrency market did not have many of the things it required for mainstream adoption as an asset class. We have made considerable progress on that end, but the price is only likely to move when actual changes occur in the market with respect to adoption.”
Litecoin is on its way to get listed on Winklevoss’ Gemini Exchange
Gemini Exchange confirmed that they’ll bring Litecoin to their platform very soon. Their official Twitter account stated:
“We hear you! LTC is on it’s way, we’ve already received regulatory approval to list, and we will be sure to let everyone know once it’s available for trading.
The exchange was founded by the Cameron and Tyler Winklevoss as they are also actively working for their newly regulated stable coin called Gemini Dollar.
Tezos Foundation Announces the Launch of the Mainnet
Switzerland based project Tezos, has finally announced the launch of its long-awaited mainnet. After raising more than $232M with their ICO, the Tezos team and its foundation had some disagreements over the launch but it seems they are finally on the same page.
After a series of lawsuits, Tezos investors finally happy to see their Mainnet Launch goes live by Monday. A tweet from Tezos earlier stated:
Have a great weekend, everyone because the mainnet arrives on Monday!