Dennis Sahlstrom

JPMorgan High Probability Of U.S. Recession In The Next Two Years
Bitcoin
JPMorgan: High Probability Of U.S. Recession In The Next Two Years, Crypto is the Answer?
JPMorgan told Bloomberg that the U.S. economy has a greater than 50-50 chance of tipping into a recession in the next two years according to a model tracked by JPMorgan Chase & Co. JPMorgan Chase in a banking giant worth $362 billion and is the world’s tenth largest financial services company by revenue. They now state that the U.S. economy has a greater 50-50 risk of tipping over into a…
InterContinental Exchange Reveals Launch Date For Bitcoin Futures In The Platform Bakkt
Bitcoin
InterContinental Exchange Reveals Launch Date For Bitcoin Futures In The Platform Bakkt
Intercontinental Exchange (ICE) is the parent company of New York Stock Exchange (NYSE) and have announced a launch date for bitcoin futures on its platform Bakkt, according to a document, that was released on October 22. Intercontinental Exchange (ICE) is a Fortune 500 and Fortune Future 50 company formed in the year 2000 to modernize markets. ICE serves customers by operating the exchanges, clearing houses and information services they rely…
China’s Internet Information Office Releases Draft On Regulations For Blockchain Startups
Regulations
China’s Internet Information Office Releases Draft On Regulations For Blockchain Startups
In order to promote the healthy and orderly development of blockchain startups, regulations have been formulated in a draft which is now opened for comments, according to recent news. China’s top-level internet censorship agency has created a draft where they state their plans to regulate blockchain-related service providers in the country. The cyberspace Administration of China (CAC) released the draft on Friday and is now looking for the public’s feedback…
A Bitcoin Trading Firm And Its CEO Will Pay More Than $2,5 Million In Penalty For Ponzi Scheme
Scams
A Bitcoin Trading Firm And Its CEO Will Pay More Than $2,5 Million In Penalty For Ponzi Scheme
A New York Federal court has ordered the New York corporation Gelfman Blueprint Inc (GBI) and its CEO, Nicholas Gelfman of Brooklyn, to pay a total of $2,5 million in penalties because of fraud. GBI is a New York-based company and Bitcoin hedge fund, incorporated 2014. By 2015 the corporation had 85 customers and well over 2,000 bitcoins under management. The news that arrived on October 18th is a continuation…
Norwegian Man Murdered After Cashing Out A Large Bitcoin Sum
Bitcoin
Norwegian Man Murdered After Cashing Out A Large Bitcoin Sum
A 24-year old man was brutally murdered shortly after completing in-person cash for bitcoin exchange, according to the Norwegian local news organisation TV 2. The stabbing occurred on Monday morning, the 15th of October, at the man’s apartment in Majorstuen. The police told TV 2 that the man made the withdrawal before he got stabbed to death in his apartment. This, withdrawal is the key clue according to the police.…
Decred’s Governance System Goes Live, $21 Million Crypto Treasury is in the Hands of Stakeholders
Altcoins
Decred’s Governance System Goes Live, $21 Million Crypto Treasury is in the Hands of Stakeholders
According to a blog post from Decred, its proposal system Politeia goes into production on mainnet, a project that has been ongoing for 18 months. Politeia is a proposal decision-making system and is designed to serve as the ideal self-governance infrastructure. The launch leaves stakeholders with a big responsibility and in charge of more than $20 million in DCR. The goal is to increase community autonomy and to approach its…
One Of The Worlds Largest Financial Services Provider Will Open Up For Cryptocurrency Trading
Bitcoin
One Of The Worlds Largest Financial Services Provider Will Open Up For Cryptocurrency Trading
Fidelity Investments, One of the worlds largest and most diversified financial services providers, has announced the launch of a new company that will open services for cryptocurrencies. Fidelity Investments currently holds more than $7,2 trillion in client assets and have more than 27 million customers. The company announced on October 15th the launch of the new company, Fidelity Digital Asset Services LLC. The company will offer enterprise-quality custody and trade…
Ethereums Hard Fork Constantinople Faces Consensus Issues During Testing Phase
Ethereum
Ethereums Hard Fork Constantinople Faces Consensus Issues During Testing Phase
Constantinople is a planned Hard Fork of Ethereum and has run into issues during its testing phase. The hard fork cannot reach consensus and caused a testnet to be unusable, according to a tweet from Ethereum blockchain infrastructure firm Informa on October 13th. The firm Informa also tweeted that developers should use another testnet while Ethereum developers investigate the current issue. The testings, on the Ropsten testnet, became active on…
The CEO Of TRON Tweets Of A Potential Partnership With An Industry Giant Who Is Valued At $10s Of Billions
Altcoins
TRON’s Partnership With An Industry Giant Who Is Valued At $10s Of Billions
Justin Sun, the CEO of the decentralised startup TRON, has Tweeted about a potential partnership with an unknown firm valued at “tens of billions of dollars.” The Tweet from Justin Sun came out on Friday, October 12th, and hinted about a forthcoming partnership but besides that piece of information, the statement revealed little information.  Justin stated that: “Finally, First time to partner with tens of billions USD valuation industry giant.…
The First ERC-20 Token Will Be Listed On Coinbase
Ethereum
The First ERC-20 Token Will Be Listed On Coinbase
The biggest U.S. cryptocurrency exchange Coinbase has started the listing of the ERC-20 token Ox (Zrx) according to an announcement from the platform. This will be the first time Coinbase support an ERC-20 token. As of yesterday, October 11th, deposits became available on Coinbase Pro. According to Coinbase statement, they will accept deposits for 12 hours before enabling trading. Once enough liquidity is established, trading will begin with the currency…