Crypto News 27/04/18 Binance is More Profitable than Germany’s Biggest Bank Deutsche?!
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1."Bank"-Crypto Exchange Binance is More Profitable than Germany’s Biggest Bank Deutsche’;
Binance surpassed Germany’s largest and one of Europe’s biggest banks in profitability. Binance, a cryptocurrency startup that was non-existent merely 8 months ago beat out a leading bank that was established 148 years ago. A startup with 200 employees beat out a banking giant with 100,000 employees. As long as the demand for the cryptocurrency market can be sustained and institutional investors continue to enter the space, similar to how Binance has been able to surpass Germany’s biggest bank in less than 8 months of existence, it is possible that cryptocurrency businesses take over the global finance industry in the next decade or two.
2."Pantera"-Pantera CEO Says Bitcoin Is ‘Screaming Buy,’ Bets on Icon;
Bitcoin “is a screaming buy right now,” according to Dan Morehead, chief executive officer of $1 billion cryptocurrency hedge fund Pantera Capital Management LP. In a interview with Bloomberg Television Thursday, Morehead said Pantera has about 10 percent of its investments in Bitcoins, which approached $20,000 apiece late last year before retreating to about half that in the following months. But the fund’s single largest bet is on Icon, which will let different blockchains -- digital ledgers -- talk to one another, he said. Morehead is anticipating that Bitcoin will recover and reach new highs within 12 months. As digital tokens continue to multiply and gain wider use, the $400 billion crypto market could balloon to $4 trillion, he said, and even $40 trillion is “definitely possible.”
3."Block"-AMD CEO: Blockchain Is Important But “A Bit Of Distraction”;
CEO Lisa Su of AMD, an American multinational semiconductor company, said that Blockchain is “a bit of a distraction in the short term” in an interview with CNBC April 26.
Su admitted the importance of blockchain, stating, "It's a very important technology [...] The idea you can do all these peer-to-peer transactions, a decentralized network, it’s a good technology, but frankly l think it's a bit of a distraction, in the short term.”
Su mentioned better-than-expected growth in her company in the first quarter of the current year, stating that rather than getting caught up in the hype surrounding blockchain, they would focus on their core markets.