Comments from incoming CEO, John Flint, in an interview
Says that "we remain very skeptical about cryptocurrencies that exist for reasons largely of anonymity".
He goes further in saying that the banking system works on the basis that things are done in a transparent manner, with underlying technology showing that it has "got great applications". He also says that they are at the "skeptical end of the spectrum, in particular when it comes to cryptocurrencies that have anonymity as part of their unique selling point".
Another banker who isn't a fan of crypto. Surprise, surprise.
An update on the crypto market sees Bitcoin marching higher, now at $11,430 on Coinbase. From the daily chart, looks set for a test of the 100-day MA (red line) at $12,024.
