Archives for crypto

05 Mar

NFTs – Industry Shaker Or Speculative Bubble?

Non-Fungible Tokens (NFTs) have been capturing the headlines lately, with artists like pop star Grimes and EDM producer 3LAU raking in millions of dollars from selling their works linked with these crypto tokens. NFTs entered the market in 2017 as part of ‘crypto kitties‘, a blockchain game using digital cat collectables.  However, in October last…

The post NFTs – Industry Shaker Or Speculative Bubble? appeared first on Analytics India Magazine.

07 Aug

Goldman Sachs Wants Crypto: Plans To Lauch Stable Coin

image-14621
image-14621

One of the biggest investment banking firms in the world, Goldman Sachs, has expressed interest in launching its cryptocurrency in the form of a stable coin pegged to the US dollar. Compared to mainstream cryptocurrencies such as Bitcoin and Ethereum, stable coins have the benefit of maintaining its stability of value, and at the same…

The post Goldman Sachs Wants Crypto: Plans To Lauch Stable Coin appeared first on Analytics India Magazine.

18 Mar

Bakkt: NYSE’s $300 Mn Fund Amid COVID19 Proves A Paradigm Shift In Finance

image-10897
image-10897

The parent company of New York Stock Exchange, Intercontinental Exchange, has raised funds from prominent investors including Boston Consulting Group, Microsoft’s M12, Pantera Capital, PayU, Goldfinch Partners and CMT Digital for its crypto trading unit called Bakkt. While global markets live in a state of disarray, as the world deals with the ongoing impact of…

The post Bakkt: NYSE’s $300 Mn Fund Amid COVID19 Proves A Paradigm Shift In Finance appeared first on Analytics India Magazine.