Not just a 'passing fad': crypto industry is developing faster than others

CFA adds crypto exams, China calls for blockchain intervention, Coinbase receives approval from SEC, BlackRock denies rumors

Cryptocurrencies and blockchain examination will be a part of a new CFA curriculum section dubbed ‘Fintech in Investment Management’ alongside other topics in emerging financial technology such as artificial intelligence, machine learning and automated trading.
Xin Guobin, the deputy director of China’s Ministry of Industry and Information Technology (MIIT), has urged the country to join forces to make blockchain as a ‘core’ technology for the new digital economy.

[Blockchain] can make up for the deficienc[ies] of traditional credit system, prevent information tampering and forgery, and save [costs across] society. [This applies to] finance, e-commerce, smart medical care, social security, Internet of Things, energy and other fields, and will have an important impact.

Xin Guobin, the deputy director of China’s Ministry of Industry and Information Technology (MIIT)

Coinbase has received approval from the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to list digital coins considered to be securities.
Larry Fink, BlackRock CEO, denied any current involvement with cryptocurrencies, however, he did not entirely rule out the possibility of BlackRock offering crypto services in the future.

When it becomes more legitimized, when it has a true open nature of it that you [can] identify who the players are on both sides, that’s when we’ll probably look at it as an alternative to all currencies.

Larry Fink, BlackRock CEO

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OKEx’s Token Will See 17x Growth in Price, Blockchain Investment Firm Forecasts

The recent popularity Initial Exchange Offerings (IEO) have been experiencing over the last few months has brought what it appears to be like a new bull run. An incredible example of success is the OKB token issued by OKEx, one of the largest cryptocurrency exchanges by trading volume in the world, which has impressed the market beyond expectations having experienced an increase in the price of 163% since launched. Shinobi Capital, a leading blockchain advisory firm and also an investor in early-stage start-ups, has released its latest evaluation report estimating that the OKB price will grow further to US$30.75, 17 times the current price, by the end of 2020. According to Jason Hill, the founding partner of Shinobi Capital: Exchanges tokens will be the powerhouse of the development of the digital asset market and even blockchain technology. Following a series of IEOs powered by exchange tokens in H1 2019, the market is marching to the next round of bull run. OKB, as a market leader of exchange tokens, is also welcoming its own uptrend. Backed by a number of use cases and a large user base of OKEx, OKB has demonstrated a huge potential of growth. The established blockchain and cryptocurrency advisory firm is well-known for its extensive experience in start-up investment. In their evaluation report of OKB, Shinobi Capital lays out the two most important factors that will affect OKB’s future trading volume, the development of the OKChain mainnet and the overall the crypto market condition. Furthermore, the report also establishes a comparative evaluation model with other major platform tokens, including Binance Coin (BNB), EOS, and TRON (TRX). This comparative evaluation studies different aspects of each token such as trading volume, price patterns, and usage demand. The latest OKB buy-back & burn program is also taken into account to evaluate the token’s future price trend. It is expected that by the end of 2020, the price of OKB will reach USD30.75 and its market capitalization will be about USD7.068 billion. There is a significant growth lag in OKB at this stage, and the potential of price growth needs to be further released. In the next round of market recovery and boom, OKB is likely to become one of the fastest-growing assets in the market. Disclosure: This is a sponsored press release The post OKEx’s Token Will See 17x Growth in Price, Blockchain Investment Firm Forecasts appeared first on NullTX.