JPMorgan will reportedly give retail clients access to bitcoin investment vehicles starting on July 19, a first in U.S. big bankingJPMorgan just became the first U.S. big bank to give retail clients access to Bitcoin exposure, effective July 19, reported Business...
Consumerization is the influence that products originating in the consumer markets eventually have on the broader commercial markets. Apple is the prototypical example of a consumer-focused company reshaping and ultimately transforming small-business, enterprise, and public-sector industries: the first iPhone began as a purely consumer-oriented gadget and eventually thoroughly disrupted...
The debate about the ramifications of El Salvador President Nayib Bukele’s successful push to make Bitcoin (BTC) legal tender continues as the US investment bank and financial...
Santander, one of Europe's largest banking groups, has tweeted it will stop customer payments to Binance. It cited the rise in fraud and a need to keep their customers safe. The firm also mentioned a recent Financial Conduct Authority (FCA) notice that warned that Binance is not...
Barclays UK customers have been blocked from transferring funds to Binance as the bank prohibited all credit and debit card payments to the exchange. Ripple’s (XRP...
A report from Israel-based Globes today stated that the apex bank of Israel plans to internally test its upcoming digital shekel on the Ethereum blockchain. Issuing stablecoins on...
Major financial institution BBVA is launching bitcoin trading and custody for clients in Switzerland.Madrid-based financial services giant BBVA, one of the largest financial institutions in the world, will soon offer bitcoin trading and custody services through its Swiss subsidiary.“After six months of testing with a selected group of users, BBVA Switzerland makes its first crypto-asset trading and custody...
The issues plaguing the financial world―whether centralized finance, insurance, lending or other assets — all come back to human error. For instance, why can’t a dispensary put cash in a bank? Because of bad human judgment. These rules and regulations make zero practical sense. The blockchain ecosystem takes the human element out of the equation. Now the technology governs because...
The Texas Department of Banking issued a notice reaffirming that state- chartered banks can provide bitcoin custody services.The Texas Department of Banking has released a notice affirming that state-chartered banks can offer bitcoin custody solutions to customers, so long as the bank has specific protocols in place...
The Swiss-based Basel committee says that Bitcoin should be subject to a new "conservative prudential treatment."
Bank of Japan governor Haruhiko Kuroda questioned Bitcoin’s use case during an interview yesterday, business news outlet Bloomberg reported. The bank is currently testing a...
BankDhofar, the second-largest bank in the Sultanate of Oman, has teamed up with blockchain-based payments network RippleNet, as per a release today. The move enables users of its mobile banking app to send transactions to India. “As the first bank in the Sultanate of Oman to join our...
London-based HSBC Holdings, one of the world’s biggest and Europe’s second largest bank, has no plans to offer Bitcoin or crypto products to its clients, a report on news outlet Reuters said today....
Last week’s crypto market meltdown has proved yet again that “the value of Bitcoin is entirely based on wishful thinking,” according to a research note recently published by Deutsche Bank analysts. Bitcoin, trendy or...
A comprehensive calculation of the carbon emissions from the legacy financial sector shows that Bitcoin is far less impactful on the planet.In my very first foray into publishing an analysis on this topic in 2014, and as recently as my last piece for Bitcoin Magazine...
Major American investment bank Goldman Sachs has seemingly recognized that cryptocurrencies are an emerging new asset class after all—despite stating otherwise just a year ago, according to its recent report. A part of this paper, posted on Twitter by economist Alex Krüger yesterday, explained that Goldman Sachs, among other things, turned to crypto-related companies like Galaxy...
JPMorgan research analysts have said that institutional investors are swapping Bitcoin for gold for the first time in six months. This is after crypto, including Bitcoin, took a major tumble dropping to lows just above $30,000. Earlier this year, JPMorgan analysts updated a Bitcoin price target to $130,000. According to...
The National Bank of Egypt (NBE) has partnered with Ripple (XRP) to establish a cross-border payments corridor with the United Arab Emirates via RippleNet, according to a press release...
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