According to a report published on Cointelegraph, in a survey conducted by official investors from the Global Blockchain Business Council (GBBC), 63% of respondents believe that business executives have a poor understanding of blockchain technology.
As previously reported by Cointelegraph, about high-profile cryptocurrency bulls but not the institutional demand for cryptocurrencies to push the industry forward in 2019. In October Mike Novogratz, a former member of Goldman Sachs and founder of the Galaxy cryptography bank Digital, said that the institutional demand will bring Bitcoin (BTC) to new highs in Q1 or Q2 2019.
Binance, which is the main exchange of cryptocurrencies, has renamed its Tether Market as a joint Stablecoin market. This allows the transaction to support multiple stablecoins trading pairs. Binance renaming its USDT market to the combined stablecoin market which is according to the announcement on the 26th of this month.
The crypto exchange also notes that the Stablecoin market is not a new stable currency. The symbol of the new Binance stable market will provide a different announcement on which pairs will be added.
Binance would start listing the blockchain payment company called Circle stablecoin USD pegged. He added support for the pegged dollar assets of Paxos, which is dubbed TrueUSS and PAX.
USD coins token that was launched by the Circle and Coinbase cryptocurrency exchange in the United States in October. The currency is 100% guaranteed with US dollars. They are held in accounts that are subject to public reserve reporting. Asiff Hirji, president of Coinbase and COO, said the company issued stablecoin with a 1: 1 dollar that is transparent and controlled.
Tether found himself faced with a discussion after the inconstancy. Those were caused to lose his long time anchorage to the American dollar. The problems emerged among the rumors that the cryptocurrency is trading Bitfinex. The CEO of Bitfinex is also the CEO of Tether, facing the problem of insolvency. Binance is known for its low trading fees (0.1%) and quick transaction processing. Binance technology is able to process 1.4 million orders per second, thus becoming a world leader in the potential volume of exchanges. At the time of writing this book, Binance was sitting at number 17 in terms of 24-hour trading volume.
USD Tether is the eighth digital currency in trading at around $ 0.968. It is the currency based on market capitalization. And Tether lost 0.07 percent of the day according to CoinMarketCap. The USDC is up 0.53% and trades all around $ 1.03 in the last 24 hours.
In November, Morgan Stanley published his latest report on Bitcoin, entitled "Update: Bitcoin, Cryptocurrencies and Blockchain", stating that Bitcoin (BTC) and altcoins have formed a "new institutional investment class" since 2017.
Meanwhile, the banking giant has denied rumors that he has abandoned his plans to launch an encryption desk. And Bakkt, the digital asset platform created by the New York Stock Exchange, announced an objective launch date for January 24, 2018, pending regulatory approval.