20181109-VanEck ETF uptake up to 10 Billions range-Blockchains' XLM Airdrop-Square's BTC Revenue Surges


AMBCyrpto (Bitcoin ETF’s uptake in 0 to few ten billion dollars range):

Gabor Gurbacs, the Director of Digital Asset Strategy for VanEck forcasted an approval date by March 2019 and stated that in their internal projection, they forcasted that the uptake could be between zero to a “few ten billion dollars” range. This depends on the underlying market  structure and the regulatory stance in the next few months to a year.


Altcoin Daily:

Stellar’s $125 milion XLM airdrop- Marco Santori, Blockchain’s Chief Legal Officer and a fintech advisor to the IMF, gave his insight on the recent XLM air-drop, which is the “largest air-drop/giveaway in history” of crypto currencies. According to the company’s official website, the first air-drop is scheduled to happen this week.
The company intends to give away a total of $125 million in Stellar Lumens [XLM].  
Santori spoke on how Blockchain as a company provides a portal for people to get into cryptocurrencies and actually buy it instead of working for it or mining it or buying it at some “shady ICO”. He added that they [Blockchain] were looking for a better way to help people buy cryptocurrencies.
 With Blockchain, people are actually in control of their cryptocurrencies with their own private key with them and not some intermediaries like banks or financial institutions. He said that unlike other companies, Blockchain does not accept fees for listing and that they do it for users and mass adoptions of cryptocurrencies which is their guiding principle.
He then proceeded to explain that the recently announced Stellar’s XLM air-drop was based on those guiding principles. Marco continued to explain the reason for “free air-drop” saying that it is a “unique crypto element”
https://www.blockchain.com/getcrypto
Square’s Bitcoin Revenue Increases by $6 Million in Q3, Profits Top $500,000- The statistics come at a stirring time for Square, which this week also saw its market cap surpass that of Twitter, the stalwart social media platform which shares Jack Dorsey as CEO.
Bitcoin remains a niche for the company meanwhile, with revenues resulting in only slender profits of around $500,000 after taking into account Bitcoin purchasing costs. The newly-launched Square Terminal, allowing merchants to take credit and debit card payments, has also sparked rumors about a possible merchant integration of Bitcoin, with no official signs appearing from the company as yet.
If Square Terminal added Bitcoin payment, it will compete with PundiX.   But I think it’ s no big threat because its market share is primarily in the North America.

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