One of the first major waves of Bitcoin and cryptocurrency adoption was when Wall Street players began looking into Bitcoin as a speculative asset with the promise of massive gains. It split the community as some embraced it, while others shunned it. Now however, banking and cryptocurrencies, especially the blockchain...
The owner of the New York Stock Exchange (NYSE) is mulling letting customers buy and hold Bitcoin, The New York Times reported late Monday, May 7. The move would be the second Wall Street giant in a week to reportedly open up to crypto. As the New York Times reports,...
In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy. If you would like to...
Former Federal Reserve Bank (Fed) governor Kevin Warsh thinks that the creation of a ‘FedCoin’ in order to “bring legal activities into a digital coin” deserves serious consideration, The New York Times reported May 4. Kevin Warsh is an American financier who was governor at the Fed from 2006 to...
UBS chairman Axel Weber has stated that Switzerland’s largest bank will not offer its customers trading in Bitcoin and other cryptocurrencies, reported Cointelegraph auf Deutsch May 3.  Weber called for stricter controls on cryptocurrencies, stating "hey are often not transparent and, therefore, open to being abused,” in a...
Venezuelan president Nicolás Maduro announced the launch of a Petro-funded crypto bank to support initiatives from youth and students, Latin American government-sponsored news outlet TeleSur reported yesterday, May 3. During а speech for the Chamba Juvenil Plan, a social program that promotes jobs for youth, Maduro also noted the necessity...
JP Morgan Chase & Co. has outlined a peer-to-peer payments network in a patent application filed with the U.S. Patent and Trademark Office (USPTO) yesterday, May 3. The network would use distributed ledger technology (DLT), such as blockchain, for intra- and inter-bank settlements. The application describes the drawbacks of the...
Tons of new projects choose to hold crowd-sale campaigns where they offer investors to join an early opportunity to buy a share of the project via a purchase of tokens or coins that primary utilized to maintain a blockchain-based ecosystem. Every day newly born ICOs make headlines for booming...
Mastercard’s quarterly growth was marked by a slight drop due to a decrease in the number of customers purchasing cryptocurrencies with the company’s credit cards, CNBC reported May 3. Consumers can use Mastercard to acquire digital currencies, a practice forbidden by some financial institutions. Earlier this year, Bank of America,...
Barclays’ CEO Jes Staley has refuted recent rumours that the UK bank will be opening a cryptocurrency trading desk, UK media platform Financial News reported May 1. During the bank’s annual general meeting, Staley cited potential compliance and regulatory barriers, saying: “Cryptocurrency is a real challenge for us because, on the...