Crypto News 24/04 MIT Tries to Destroy Bitcoin.

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1."MIT"-MIT Comes Up With Three Ways To Destroy Bitcoin’;
The MIT Technology Review has published an article today, April 24, called “Let’s Destroy Bitcoin,” detailing three ways that the cryptocurrency could be “brought down.” The first option, according to the article, is a government takeover of Bitcoin with the creation of a Federal Reserve-backed coin (Fedcoin). Option two is a Facebook stealth takeover of Bitcoin, which involves the social media site creating a BTC wallet for all of its users, rewarding them in the cryptocurrency for interacting with ads, and giving them an ad-free experience if they let Facebook mine on their computer’s unused power. The third way of making Bitcoin “irrelevant” is the creation of multiple new cryptocurrencies for every situation. And thus the conclusion is, MIT CANNOT DESTROY BITCOIN...

2."Windfall"-Reuters Survey: At Least 56 Finance Firms Will Enter Crypto In Next 6 Months;
Twenty percent of financial firms want to “start buying and selling digital tokens” in 2018, Quartz reports Monday, April 23. According to a range of over 400 undisclosed businesses surveyed by Thomson Reuters, one in every five “have plans” to begin direct contact with cryptocurrency assets in the next 12 months. Reuters, which began including Bitcoin sentiment in its data feeds last month, did not mention the stature of the firms involved. Nonetheless, 70% of those who said ‘yes’ to crypto in 2018 also said they were planning to begin within the next three to six months, translating into at least 56 new players offering cryptocurrency in some form by October.

3."XRP"-Ripple to break the resistance?;
Anyone expecting Ripple to be the next Bitcoin bubble will probably be disappointed. The market has learned from the mistakes it made over Bitcoin and is unlikely to repeat them in the same fashion. Instead, a good performance for Ripple would be slow but steady growth that is built on genuine partnerships and market activity that puts the currency on a stable footing for future growth. Cryptocurrencies are going to become the domain of the long-term investor, rather than people looking for a quick profit. For those who want cryptocurrencies to have a long and sustained future, this should be good news.