Crypto News from Coinzy - July 31, 2018 PM

Coinzy Evening Edition

View this email in your browser Send to a Friend Here's Your Evening Crypto News for July 31, 2018 XLM Vs. XRP: Stellar And Ripple Go Head To Head It's been a tough month for Ripple. While crypto markets seem to be recovering, the rising tide has not lifted all boats equally, and the XRP token is still taking on water. To make matters worse, the referees are breathing down Ripple's neck, while Stellar's boat has been enjoying plain sailing. Paul Krugman is Wrong Again Paul Krugman, the famed economist who's made a career out of being wrong about things, is wrong again. That in itself is no more surprising than the fact that his latest op-ed takes aim at his favorite bête noire – bitcoin. The surprising part is that Krugman has resorted to the same hackneyed arguments he always uses to attack cryptocurrency. It's an odd decision from such a learned scholar when there are far more lethal lines of attack for a crypto sceptic to take. Northern Trust Aids Hedge Funds in Cryptocurrency Investment Yet another firm from traditional markets has stepped into the cryptocurrency boxing ring, with Northern Trust recently diving down the metaphorical rabbit hole that is blockchain. Bitcoin ETF Updates: Shedding Some Light The topic of a Bitcoin ETF has become hot over the last few weeks. Quite a lot of them are in the pipeline, waiting for approval, but it seems that all eyes are looking at the CBOE-backed VanEck/SolidX proposition. Asset Management Firm Northern Trust to Start Crypto Custody Business Northern Trust Corp., a leading global asset management firm with $954 billion in total assets under management, is planning to start a custody service for digital assets, Bloomberg reported July 31. Bitcoin [BTC] payments accepted by Fundstrat through Bitpay In a press release earlier today, Fundstrat Global Advisors announced that they will be accepting Bitcoin [BTC] from clients for payment through BitPay. This is to ensure a worldwide reach for payments to Fundstrat through the "largest global blockchain payments provider" BitPay. Coinbase Taps BNY Mellon Vet to Head Global Compliance Efforts Cryptocurrency exchange and brokerage giant Coinbase has poached a BNY Mellon veteran to head the firm's global compliance efforts as it seeks to ramp up its international operations and expand the range of assets supported on its platforms. Why Tokenization Is Still a Chimera: Expert Take In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy. Share Tweet Forward Copyright © 2018 Coinzy, All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: Coinzy 2417 Main Street Suite 139 W Kelowna, BC V4T 2H8 Canada Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list. Important Disclaimer: The information contained in the Coinzy.com daily newsletters is gathered from third-party sources and is provided for informational purposes only. Nothing posted in the Coinzy newsletter or on the Coinzy.com website is intended to be an endorsement of any company, organization, or investment. We are in no way providing investment advice or recommendations on investments.