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Bitcoin News Tuesday, May 1 , , & more…

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Crypto Exchange Binance is More Profitable than Germany’s Biggest Bank Deutsche

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[/vc_column_text] [vc_column_text el_class=”topfeed-tags”] Tags: Deutsche Bank, exponential growth rate, cryptocurrency market, Biggest Bank Deutsche, biggest cryptocurrency exchange, Binance, largest cryptocurrency exchange, Crypto Exchange Binance, handsome tax income, cryptocurrency industry, hedge fund investment, combined market caps, multi-billion dollar valuations, million-dollar bitcoin price, global finance industry, healthy long-term development, biggest banks, Binance Vs, cryptocurrency startup, cryptocurrency space, [/vc_column_text] [/vc_column] [vc_column width=”1/2″] [vc_separator] [vc_column_text el_class=”topfeed-tweet”]

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Crypto Exchange Binance is More Profitable than Germany’s Biggest Bank Deutsche

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  • Bitcoin fell below $9,000 Tuesday, the first trading day of May.
  • The cryptocurrency traded 3.9 percent lower around $8,880 as of 8:49 a.m. ET, according to CoinDesk’s bitcoin price index.
  • Bitcoin has struggled to claw back to $10,000 in the last several weeks and remains roughly 36 percent lower for the year.
  • Bitcoin over the last 12 hours – – Japanese yen accounted for about 41 percent of bitcoin trading volume, according to CryptoCompare.
  • U.S. dollar-bitcoin trading made up about 25 percent, and tether which is pegged to the greenback accounted for about 20 percent of trading volume.

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Crypto Exchange Binance is More Profitable than Germany’s Biggest Bank Deutsche

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  • Trying to live up to your friends’ standards can be a costly habit.
  • In fact, it’s sending a surprising percentage of millennials into debt.
  • That’s according to a new report from Credit Karma, which found that nearly 40 percent of millennials have spent money they didn’t have and gone into debt to keep up with their peers.
  • They’re most likely to overspend on experiences, like going out with friends or taking vacations, Credit Karma notes.
  • But short-term spending habits can derail long-term planning, and many millennials are already struggling to hold onto money: A growing percentage have absolutely nothing saved at all.

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Crypto Exchange Binance is More Profitable than Germany’s Biggest Bank Deutsche

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  • The Russian interest in the normally wonky technical sessions has caused concern among other delegations, who worry that individual countries could push standards that would make the security of the blockchain technology vulnerable to surveillance and attack.
  • Russia is not the only country sending high-powered delegations to the I.S.O. technical committee focusing on blockchain standards, which got its start last year.
  • It is a very sought-out technology today, because it really does create the foundation for the future that is coming, said Gilbert Verdian, the head of the British delegation working on blockchain standards at the I.S.O. and the founder of the company Quant Network.
  • The Vedomosti article said that the head of the Russian I.S.O. delegation, Mr. Marshalko, was affiliated with the F.S.B. – – Russia is not the only country pushing hard on the blockchain.
  • At the first meeting of the I.S.O. blockchain group, the Russian delegation led a study group on security and privacy issues, which caused discomfort among some delegates from other countries, according to the two delegates who spoke to The New York Times.

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Crypto Exchange Binance is More Profitable than Germany’s Biggest Bank Deutsche

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  • Binance Vs. Deutsche BankBinance surpassed Germanys largest and one of Europes 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.
  • Given the exponential growth rate of Binance and the rapid movement of the cryptocurrency market, the motivation of the government of Malta in embracing the cryptocurrency industry and startups within it is quite evident.
  • The fact that startups with about 200 employees have reached multi-billion dollar valuations and beat out major banks such as Deutsche Bank in profitability demonstrate a healthy long-term development of the cryptocurrency market.
  • 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 Germanys biggest bank in less than 8 months of existence, it is possible that cryptocurrency businesses take over the global finance…

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