CRYPTO INSIDER: A big data CEO explains why he won't touch the crypto 'Wild West

Welcome to Crypto Insider, Business Insiders roundup of all thebitcoinandcryptocurrency newsyou need to know today.Sign uphere to get this email delivered direct to your inbox.Market data giant IHS Markit is steering clear of cryptocurrencies until the sector gets formal regulation.Lance Uggla, CEO of the $20 billion company, told Business Insider at the Innovate Finance Global Summit in London this week that cryptocurrencies are "very speculative at the moment" and the market is "no different to a lot of young people that like to bet on the football."Read the full report by Business Insider's Oscar Williams-Grut.Here are the current crypto prices:What's happening:Cryptokitties, which is like Beanie Babies on the blockchain, just got $12 million from Andreessen HorowitzRussia secretly helped Venezuela launch a cryptocurrency to evade US sanctionsBitcoin spikes after G-20 expresses no desire for crypto oversightHas the cryptocoin market met its match in the Securities and Exchange Commission'Join Business Insider's Crypto Insider Facebook group today to discuss cryptocurrencies and blockchain with readers from all over the world, as well as BI editorial staff.SEE ALSO:Google is banning all bitcoin, ICO, and cryptocurrency ads starting in JuneJoin the conversation about this storyNOW WATCH: In 50 years we'll have 'robot angels' and will be able to merge our brains with AI, according to technology experts
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