Cryptocoins "Caused Deaths", Bill Gates Says

Co-founder of Microsoft and one of the world richest people is sceptic about crypto
28 February 2018   663

Recenty Bill Gates conducted an AMA session ("Ask me anything") on Reddit. When questions touched upon the crypto currency, he noted that one of the main positive features of digital assets was the ability to track the financing of terrorism and money laundering, but at the same time blamed the new financial instrument for real deaths.

The main feature of crypto currencies is their anonymity. I don't think this is a good thing. The Governments ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long.

Bill Gates 

Co-founder, Microsoft

Of course, such a statement caused a violent reaction from crypto-communities. Bill Gates now joined another interesting list.

WhalePanda Twitter
WhalePanda Twitter

It is worth reminding that in 2015, Gates's rhetoric regarding crypto-currencies was much more positive. For example, he surprised listeners in his interview with Jimmy Fellon, saying that bitcoin could significantly simplify the transnational movement of money and significantly reduce the commission, and "bitcoin revolution must be brought closer".

Bakkt to be Launched in December

It is also reported that Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure
19 October 2018   95

The expected launch of the Bakkt will take place on December 12 of this year. It is reported by The Block, citing informed sources.

Also, the material states that the investment bank Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure. At the same time, the bank is considering the possibility of trading futures on a new platform.

In a recent Fortune interview with Bakkt, Kelly Lofler said that the cryptocurrency market is on the verge of a revolution comparable in size to the one that occurred on the energy market in the early 2000s.

Greater institutional participation in the digital asset markets requires secure and regulated custody solutions. We are impressed by BitGo’s product, unique services, and the management team. We view our investment in BitGo as an exciting opportunity to contribute to the evolution of this critical market infrastructure.

Rana Yared

Managing director, Goldman Sachs’ Principal Strategic Investments group

Bakkt is a cryptocurrency unit of the Intercontinental Exchange (ICE), which is the operator of the New York Stock Exchange. Giants such as Microsoft and Starbucks are taking part in creating of the new project, which is positioned as an “ecosystem for digital assets”.

The new platform will offer deliverable bitcoin futures to the market (unlike the settlement contracts for CBOE and CME, these are based on the underlying asset). The platform will support multiple fiat currencies.