From Bitcoin’s brush up with Wall Street to a new competition at NEO, here’s a look at some of the stories breaking in the world of crypto.
The founder of crypto investment firm BKCM Brian Kelly says BitGo’s recent regulatory approval in the US is a game changing step for Bitcoin and cryptocurrency.
BitGo Trust Company earned approval from state regulators in South Dakota as a regulated, qualified custodian of cryptocurrencies for institutional investors.
“I actually have been a customer of BitGo for a long time now, and this product and having it regulated by a state regulatory authority changes the game for me,” Kelly told CNBC’s Fast Money.
Is Wall Street ruining #bitcoin? @BitGo's @mikebelshe talks their complicated relationship. pic.twitter.com/npLqjuT0Xk
— CNBC's Fast Money (@CNBCFastMoney) September 13, 2018
After an extremely rough patch, the price of Ether has rebounded. On Thursday, the cryptocurrency recorded its highest daily trading volume in more than six months, according to CryptoCompare.
The big bump indicates crypto traders jumped at the chance to buy ETH for less than $200.
Ripple and XRP
Ripple’s chief marketing strategist Cory Johnson says the most natural fit for blockchain is in the world of finance, and that he’s surprised by the genuine interest regulators are taking in improving the financial system.
“I really do think that finance is the place where there is the most friction in our global economy. And the solutions presented by blockchain are so obvious that they’re really going to change the way money and value move in our society…
When we meet with regulators, I personally have been really surprised by how much they know and how much they really want to know. They don’t seem to walk into this with sort of this notion of fear and doubt. They actually want to listen and learn.”
A new platform that allows anyone on Twitter and Telegram to send TRX is thriving.
Seedit launched just over a month ago and has already crossed 18 million TRX sent, worth more than $3.6 million.
NEO is launching a new community competition to help improve the platform’s branding and visual communications.
Anyone can enter and take a shot at redesigning NEO website and creating icons for features like NeoGas, NeoContract and NeoVM.
The competition runs through October 14th, with up to $30,000 worth of GAS up for grabs.