Norwegian Airline Boss to run Cryptocurrency Exchange

Bjorn Kjos, the Norwegian billionaire and CEO of Norwegian Air citizen claimed that his firm, Norwegian Block Exchange (NBX) is to run a cryptocurrency in 2018
09 June 2018   1078

Kjos has also hinted he’s seriously developing a framework that will make it possible for airline passengers to pay for tickets with bitcoin and other cryptocurrencies. While the prosperous entrepreneur has been contributing immensely to the continuous growth of Europe’s aviation ecosystem and his airline has achieved an impressive results of being the third-largest low-cost airline in Europe, Kjos is however not done yet. The highly reputable businessman is searching for even champion NBX to great heights that would even contest such large exchanges as  GDAX, Kraken, Huobi, and others.

We’re look[ing] at things that are easy to scale. Among other things, having a cryptocurrency as [a] payment option in the airline. We see that there is a need for a serious marketplace where you can buy and sell cryptocurrencies. One of the most important thing for us is to build an ecosystem around the solutions we develop. In particular, the ecosystem within the Norwegian group is important, but also ecosystems in the airline industry. 
Stig Kjos-Mathisen,
Chairman, NBX

Norway is a known as a rather crypto-friendly region, nevertheless, the officials are always ready to oppress crypto-related businesses that go against the regulations. For instance, in 2017, Nordea Bank AB suspended the bank account of Bitmynt AS crypto exchange. The exchange consequently filed a lawsuit against the bank.

It is curious that in May  2018, the Norwegian court ruled in favor of the bank that ostensibly declared that the exchange’s account was being used for illegal acts, including the purchase of drugs.

In correspondance to all these developments, the NBX founders have made it clear they are doing everything possible to operate within the ambits of the law. If things go well, this new initiative could endow immensely to the growth of the Norwegian cryptosphere.

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   320

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.