OTCPK:DDBXF - Post by User
Post by
LongTbuffeton Jul 16, 2018 2:05pm
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Blackrock and Blockchain
Blackrock and Blockchain LLondon’s Financial News newspaper has reported BlackRock has created a department specifically to investigate cryptocurrencies and blockchain technology.
This is big news for a market which seeks legitimate investor backing to stabilise prices.
The rumours are significant given the size and influence that BlackRock has.
LiteCoin is going down with the market dip
coindesk.com
Ripple's (XRP) price continues to plummet
coindesk.com
According to one of the sources, the asset management giant will study whether it should invest in bitcoin futures. The sources also said that BlackRock’s working group will keep a close eye on what its competitors are doing in regard to cryptocurrencies and blockchain.
"Like most financial institutions, BlackRock has a working group that meets periodically to exchange information on blockchain and consists of employees from various parts of the business," a spokesperson for the company said in an emailed statement.
"We have been looking at blockchain technology for several years, recognising potential for shared processes and data across market participants, clearing, settlement and reconciliation and simplified securities issuance.”