The United States Seeks to Prohibit Big Tech from Banking and Finance

2019-7-16 11:00

A copy of draft legislation barring big tech from entering the banking industry and providing financial services has been doing the rounds. It is believed that this draft has been circulated amongst the House Financial Services Committee’s Democratic majority.

This is a direct response from big banking to the threat posed by Libra, reported byRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\.

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Источник: btcmanager.com

banking big → Результатов: 66

Facebook, Royal Bank of Scotland ‘discuss’ Libra; big-banks to join the consortium?

Facebook’s ‘consortium’ may lose its banking virginity. The cryptocurrency project launched last month by the social media giant has been seen as the death knell for big banks. However, some have diverged, veering closer to Facebook rather than chiding away.

2019-7-10 09:30
facebook consortium royal scotland bank discuss rbs

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Bitcoin Is Nightmare For Banks Laundering $2 Trillion Every Year

One of the big attractions to Bitcoin is its ability to bypass the banking system. The likes of doom monger, Nouriel Roubini, still bash BTC in favor of a largely unprincipled banking system where the top get richer at the expense of the bottom.

2019-7-4 13:00	Us-China Trade War
banks trillion laundering bitcoin banking system nightmare

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BIS: Facebook’s Foray into Cryptocurrency Poses New Risks for Banks

The Bank of International Settlements warns that financial services offered by big techs such as Facebook, Google and Amazon could create new risks for the banking sector

2019-6-25 10:05	Cryptocurrencies
risks new facebook such techs big google

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The Tezos Foundation brings in Roman Schnider, the co-creator of PricewaterhouseCooper

The Tezos Foundation recently announced that the co-creator of PricewaterhouseCooper (PwC) Switzerland’s Blockchain initiative will be joining the team to strengthen its operations in the country.

2019-6-14 08:20	Tezos
pricewaterhousecooper foundation tezos co-creator roman schnider brings

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Bank to Basics: USC Project Seeks to Disrupt Traditional Wholesale Banking

The USC project is set to have a big impact on wholesale banking: “We didn’t know if the characteristics were possible. The funding signals that it is possible”

2019-6-11 20:25	#fintech
possible banking wholesale project usc characteristics know

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Big Banks Band Together To Launch Blockchain Trading Solution with Its Own ‘Bitcoin’-esque Token

While the banking industry has been one of the most hostile industries when it comes to blockchain technology and Bitcoin in the early stages – that hasn't stopped them from taking over some sizeable corner of the market for their own.

2019-6-4 00:10	Bitcoin Innovation
bitcoin own blockchain market corner sizeable taking

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Big Banks Announce Fiat-Pegged ‘XRP Killer’ Crypto For Settlements

Banking giants in the U. S. , Japan, and across Europe have created a consortium that will use cryptocurrency technology in cross-border transfers. The move also presents a direct competitor for Ripple’s XRP token.

2019-6-3 19:00
crypto xrp cross-border international big settlement europe

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Big banks are launching a blockchain trade platform powered by ‘Bitcoin-like’ token

The banking industry is hell-bent on taking over the nascent blockchain and cryptocurrency market. A group of financial firms led by UBS Group AG is eyeing blockchain technology for settling cross-border trades worldwide with its own “Bitcoin-like” token.

2019-6-3 13:22	hard fork
token group blockchain financial new firms bitcoin-like

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Why Ripple’s XRP Is The Major Crypto To Watch In June

The month of May has been an eventful one for the XRP cryptocurrency. XRP is among digital currencies that are viewed to be the next big thing based on the solutions it offers to the banking sector.

2019-6-2 10:11	xrp news
xrp june crypto correction may major ripple

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Op Ed: Lightning Network Consensus Is a Marketplace and That’s Okay!

To Bitcoin or Not to BitcoinDuring the “scaling debate” before the SegWit2X user-activated soft fork (UASF), Bitcoin businesses were getting their first bitter taste of Bitcoin’s censorship resistance.

2019-5-21 21:10	Payments
bitcoin lightning new bitrefill businesses network trust

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JP Morgan: Big banks stand corrected as Bitcoin rally past intrinsic value; admits current surge mirrors 2017 rise

Big banks are riding a FOMO wave as the Bitcoin bull-run is just beginning. Spearheaded by the changing colors of JP Morgan, which recently forayed into the digital assets world, the banking elite is now suggesting that their initial stance on Bitcoin and the larger cryptocurrency world might have been off.

2019-5-20 14:30	News
bitcoin morgan banks big world rise 2017

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Bitcoin-Bashing Banking ‘Cartels’ Fined €1 Billion For Currency Manipulation

The European Commission has fined five banks, including the anti-Bitcoin JP Morgan, a total of over €1 billion for currency rigging. Traders clubbed together into ‘cartels’ to manipulate the foreign exchange market between 2007 and 2013.

2019-5-17 19:00
traders currency cartels billion fined rbs banking

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Why We Should Never Hope For A Central Bank Of Bitcoin

Bitcoin economist, Tuur Demeester, explains why the idea of a ‘Central Bank’ of Bitcoin would create more problems than it would solve. Bitcoin Exchanges Similar To Early US Banking System In the wake of the Binance hack and Bitfinex/Tether debacle, are crypto exchanges becoming ‘too big to bail’? And if so, should we be looking towards a ‘Central Bank Of Bitcoin’ as a solution? Bitcoin economist, Tuur Demeester, explains why he thinks that would Read More The post Why We Should Never Hope For A Central Bank Of Bitcoin appeared first on Bitcoinist.com.

2019-5-15 10:00
bitcoin bank central should demeester never hope

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In Light of Tether’s Fractional Reserve, a Shadow of Fiatcoins’ Future

Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.

2019-5-13 16:37	Investing
tether banking these banks may assets like

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Big Asian Bank Executive: Going Paperless Will Save the $9 Trillion Finance Sector from Forgeries

Going paperless is seemingly becoming an attractive option. Paper records are often used to carry out activities in banks from lending to signifying ownership. However, forgers are now utilizing it as a means to forge the symbols that make a document legal.

2019-5-7 22:48	Blockchain Technology
paperless going forge symbols however make forgers

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The Big Weights Are Sparring About The Future Of Crypto, And It’s Getting Very Interesting

Ever since cryptocurrencies broke into the mainstream market, many traditional banking institutions have tried every trick in the dirty book to discredit the new digital currencies and portray them as inefficient in a normal global market.

2019-5-2 09:52	Cryptocurrency News
getting market very interesting weights sparring crypto

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IMF’s Christine Lagarde says “disruptors” like cryptocurrencies must be monitored to maintain system stability

Christine Lagarde, Managing Director and Chairwoman of the International Monetary Fund, recently spoke about the involvement of big tech companies in the cryptocurrency space and how this will affect the banking system, in an interview with CNBC at the IMF Spring Meetings in Washington.

2019-4-11 18:00	News
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2GETHER ICO

2gether is developing the bank of the future, a future where; consumers take full ownership and control of the services they use, move beyond solely interacting with euros and dollars and fully embrace cryptocurrencies and digital assets, and augment their financial decisions through the use of exponential technologies like artificial intelligence, big data and blockchain.

2019-3-22 01:44
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After QuadrigaCX: New Regulations for Canadian Exchanges Are in the Works

As anxiety grows around every new twist and turn in the ongoing QuadrigaCX drama, along with extensive QuadrigaCX media coverage, Canada’s mainstream media has been calling on the government to bring in better oversight and regulation of cryptocurrency businesses, especially cryptocurrency exchanges.

2019-3-20 18:42	Regulation
cryptocurrency regulations crypto new quadrigacx exchanges securities

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Bitcoin Unlimited Chief Scientist: The Lightning Network is a “Semi-Custodial Banking” System

Not too long ago, Bitcoin Exchange Guide (BEG) covered news involving the Lightning Torch campaign, a Bitcoin imitation for Bitcoin Cash [BCH]. Its level of success is shocking, especially considering the fact that big names within the industry such as Jack Dorsey, Charlie Lee and many others took part in it. However, as per an […]

2019-3-15 21:27	News
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MonetaGo Changes From Hyperledger Fabric to R3 Corda in a Bid to Build Blockchain for Banks

R3 had a big indirect victory against Hyperledger Fabric recently. MonetaGo, a software development firm that provides blockchain solutions for banking institutions, has decided to change its structure and start using R3’s Corda instead of its old Hyperledger Fabric system.

2019-2-27 23:21	News
blockchain fabric hyperledger monetago new corda old

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Top 5 Energy Crises the World Is Facing Today

Technology is all around us and in many instances, it has simplified our daily lives through smartphones, the convenience of modern banking, industrial automation, etc. The energy markets, however have not adapted to the speed of modern technological advancements.

2019-2-7 21:31
energy today world crises modern facing control

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Mining Bitcoin or the ‘Crypto-Ruble’ Just Another Form of Counterfeiting, Claims Russian Banking Chief

The head of VTB Bank, a major Russian financial institution that sees the government as its majority shareholder, has compared bitcoin mining with counterfeiting. Andrei Kostin, who serves as the president and the chairman of the management board of VTB Bank, said Monday during an event that any person who prints digital money to replace Russian Ruble was counterfeiting the state-backed fiat.

2019-2-6 10:15	Russia
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XRP Army ERRONEOUSLY celebrating R3 and Swift partnership like a big win

Belgium-based global banking network Swift today announced that it plans to integrate R3’s trade finance platform with its own Global Payments Innovation solution (GPI). Speaking at the Paris Fintech Forum, CEO Gottfried Leibbrandt explained that the platforms would merely explore potential integration of their cross border payment solutions.

2019-1-30 17:44	Crypto Journal
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India: Blockchain-powered Funding Network for SMEs to Launch

A consortium of 11 big lenders in India, including the likes of ICICI Bank, HDFC Bank, and Axis Bank is set to launch the nation’s first blockchain-powered fund for small and medium-scale enterprises, reports Economic Times, January 28, 2019.

2019-1-30 21:00
bank blockchain india launch blockchain-powered smes state

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Binance Expands Fiat-to-Crypto Exchange Into Europe Via Jersey

Binance’s cryptocurrency exchange platform has expanded into the European market with its entry into the Island of Jersey, a self-governing dependency of Great Britain.

2019-1-19 00:50	Startups
jersey binance island gbp exchange btc eur

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Canada’s First All-Crypto Legal Firm Opens Its Doors to Global Clientele

Technology lawyer Addison Cameron-Huff launched his new, Toronto-based, all-crypto legal firm on January 3, 2019, Bitcoin’s 10th anniversary, as a statement of his commitment to working for and promoting Bitcoin and cryptocurrency-based businesses.

2019-1-11 21:17	Startups
cameron-huff legal bitcoin crypto 2019 regulations business

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Ten Years Later, a Reflection on Bitcoin’s Genesis and Satoshi’s Timing

October 31, 2008, and January 3, 2009. The two dates have cemented themselves with Promethean significance into Bitcoin’s lore. On the October 31, Satoshi Nakamoto published the Bitcoin white paper, a constitution of sorts for his revolutionary monetary system and its intrinsic currency.

2019-1-3 07:14	Op-ed
block bitcoin satoshi genesis banks network crisis

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Ripple’s Lack Of Legal Clarity Hurts The Relationship And Adoption Between XRP, xRapid And Banks

How Big Of A Role Does Regulatory Confusion And Uncertainty Play In The Willingness Of Banks To Use xRapid? Banking institutions are simply not using xRapid right now. A post on Twitter by user Steven Diep (@DiepSanh) brought this issue to light with a video of Marjan Delatinne of Ripple’s Global Head of Banking from […]

2018-12-18 22:21	News
xrapid banks ripple banking user steven diepsanh

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Op Ed: Bitcoin Is a Declaration of Our Monetary Independence

Nick Spanos is an early adopter and innovator in the blockchain space. He is best known for launching Bitcoin Center NYC, the world’s first live cryptocurrency exchange, in 2013, right next to the New York Stock Exchange — as immortalized in the Netflix documentary “Banking on Bitcoin.

2018-12-15 21:43	Adoption & community
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Ripple Adds Another Banking Partner to Its Growing List, Malaysian Banking Group CIMB

Ripple is in the headlines yet again with another big banking partnership. Malaysian Banking Group CIMB, ASEAN’s (Association of… The post Ripple Adds Another Banking Partner to Its Growing List, Malaysian Banking Group CIMB appeared first on Invest In Blockchain.

2018-11-16 11:02	XRP
banking cimb ripple malaysian group another adds

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Ripple Adds Czech Republic’s Amore Finance Bank To RippleNet As XRP Coin Price Steadies

Amore Finance is as startup that provides banking solutions for businesses and individuals. The platform is located in the Czech Republic and it has recently made a big move by partnering with Ripple to join its growing network of banks known as RippleNet.

2018-10-30 09:54	News
ripple ripplenet finance czech republic amore network

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JPMorgan Bank Predicts 2020 US Recession: Is Bitcoin and Crypto a Viable Alternative?

Banking giant JPMorgan Chase predicts that there is a 60 percent chance that a recession will occur by 2020. The big question that arises is whether cryptocurrency may be a solution to existing stores of value.

2018-10-23 20:36	News
recession percent jpmorgan predicts 2020 bank value

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Bahrain Are Setting Up For A Crypto Adoption Overhaul

The Kingdom of Bahrain is an island nation of the Middle East. Home to around 1. 23 million people and a very forward thinking population. Interestingly, Bahrain has a very powerful political position as a result of its location, therefore, cryptocurrency adoption in Bahrain could turn out to have a very significant impact.

2018-10-14 23:00	Crypto
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XRP’s Return Seems To Be Slowing Down

Yesterday, October 11th 2018, you may have heard of a little bit of a crash that occurred in the markets, seeing Bitcoin significantly dropping below the $6,500 mark. The third biggest digital currency saw a big change too as it moved from $0.

2018-10-12 13:00	XRP
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Bitcoin ETF Mover Is A Crucial Advantage

The digital currency ETF is a big part of the debate in a recent Bloomberg interview which had JP Morgan’s Asset Management Head of International ETFs, Bryson Lake on the panel. The interview looked at how JP Morgan believes in the latest mover advantage in terms of the digital currency market and ETFs.

2018-10-12 12:00	ETF
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Bitcoin Is Too Eccentric For Traditional Banks

The crypto world seems to be on a different planet to the regular banking world. The companies behind the various digital currencies and their products are almost out of a futuristic science fiction movie.

2018-10-11 13:00	Bitcoin
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Santander Expand XRP Adoption

The Santander Bank chain has recently announced the expansion of its Ripple powered platform, OnePay FX for other European countries. Santander also intends to use Ripple ledger for all its payment settlements for the future.

2018-10-10 17:30	XRP
ripple xrp santander adoption bank all big

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With the CBAC, East Meets West in Search of Adoption and Innovation

The noise that surrounds economic relations between the United States and China is amping up exponentially. You can thank the latest trade wars for that, as fresh tensions boil over between the two nations who are currently trading new tariffs on imports, with no shortage of ill will underpinning the moves.

2018-10-10 23:38	Adoption & community
blockchain china technology cbac industry government financial

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Ripple (XRP) Defends 5 Week EMA Amid No Signs Of A Slow Down

Chart for XRP/BTC (1W) Ripple (XRP) has defended its 5 Week EMA. This is a clear message to all the critics out there calling Ripple (XRP)’s rally a pump and dump. RSI for the above weekly chart for XRP/BTC does seem to have neared the overbought range.

2018-10-9 18:30	ripple
xrp ripple distribution accumulation very chart week

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In Search of Stability: An Overview of the Budding Stablecoin Ecosystem

Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.

2018-10-3 19:05	Digital assets
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Spain – The Silent Blockchain Capital Of The Finance World

When you think of Spain, you might not necessarily think of cryptocurrency and blockchain straight away, although from a banking perspective, Spain are certainly leading the way for blockchain adoption, with a number of the countries leading banks having a big role in the current merge between the traditional banking world and the blockchain industry.

2018-10-1 15:45	Spain
blockchain spain world leading banking big think

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Coinsquare Becomes First Cryptocurrency Trading Platform to Secure Relationship With a Big 5 Canadian Bank

Most cryptocurrency companies operate in the wild west of the financial world, deprived of the security of traditional financial markets. However, Canadian crypto firm Coinsquare is bringing the fiat-based financial world closer to the digital currency sector.

2018-10-1 05:04	Cryptocurrency
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Paxful CEO Ray Youssef Shows How Bitcoin Can Be Used for Social Good

Can bitcoin be used for social good? If anyone thinks so, it’s Ray Youssef, the CEO of peer-to-peer bitcoin platform Paxful. A successful entrepreneur in the crypto and blockchain space, Youssef comes from humble beginnings and understands the importance of maintaining control over one’s finances.

2018-9-15 21:50	Payments
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The hurdles for a cryptocurrency in the race to merchant payment

Of all the major payment crypto assets - Litecoin, Dash et al - Bitcoin is the bloated competitor in the sprint to the point-of-sale, yet it is leading. But competitors are increasing with open banking, fintech startups, big tech and credit cards all closing the innovation gap.

2018-9-6 04:00
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Africa and its Antiquated Banking: Cryptocurrencies The Solution?

Africa has steadily accelerated the switch to modern technologies. But can a continent facing a crisis with antiquated banking technologies, low rate of financial inclusion, poor confidence in the banking system, and high remittance costs become the new battleground for blockchain or cryptocurrency-centred settlements? Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning […] The post Africa and its Antiquated Banking: Cryptocurrencies The Solution? appeared first on Bitcoin News.

2018-9-5 05:55	Zimbabwe
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Africa and its Antiquated Banking: Bitcoin The Solution?

Africa has steadily accelerated the switch to modern technologies. But can a continent facing a crisis with antiquated banking technologies, low rate of financial inclusion, poor confidence in the banking system, and high remittance costs become the new battleground for blockchain and cryptocurrency? Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning Plug […] The post Africa and its Antiquated Banking: Bitcoin The Solution? appeared first on Bitcoin News.

2018-9-6 05:55	Zimbabwe
banking bitcoin antiquated africa solution technologies square

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BFSI Blockchain tech market and the emergence of Crypto Banks

The blockchain is revolutionising the way many industries run. With big players and even governments injecting substantial capital into the blockchain, it gives developers opportunities to phase their focus in developing technology for the BFSI sector.

2018-8-27 01:07	pr
blockchain bfsi sector banks crypto market tech

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Crypto Startup Taps Larry King in Shared Effort to Combat Climate Change

In a message on GEAR Token’s website, iconic political talk show host Larry King says that global climate change is threatening humanity’s existence and is “a potentially catastrophic issue from the combustion of fossil fuels .

2018-8-13 18:08	Startups
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Bitcoin blasts past $108,000 – Is $210,000 next? Institutions think so

What’s behind Bitcoin’s historic rise to $108,000? From Trump’s speech to ETFs and MicroStrategy’s massive buys, could a major institutional supply squeeze be underway? Bitcoin soars to new highs Bitcoin (BTC) has once again stolen the spotlight. On Dec. 17,…

Springfield man is convicted for using crypto to finance ISIS operations

On December 13, Mohammed Azharuddin Chhipa residing in Springfield, was convicted by a federal jury on multiple counts associated with the Islamic State of Iraq and al-Sham, a foreign terrorist organization.

CZ highlights how governments are leaning towards BTC strategic reserves

Former Binance CEO Changpeng ‘CZ’ Zhao creates a thread on X, showcasing news headlines that point to governments establishing strategic Bitcoin reserves, much like the plans introduced in the U.

Why shareholders want Amazon to bet on Bitcoin, and why it matters

What if Amazon added Bitcoin to its balance sheet? With BTC up 125% this year, some shareholders argue it’s the perfect moment to explore the crypto market. Amazon under pressure to add Bitcoin to reserves Amazon, one of the largest…

Rep. French Hill focused on flexible crypto market and IPO rules

Representative French Hill, the next House Financial Services Committee chair, foreshadowed crypto policy pain points to focus on under the next U.S. administration.

Rep. French Hill is new chair of House Financial Services Committee

Rep. French Hill has won the Republican race to become the next Chair of the U.S. House Financial Services Committee. Crypto-friendly Hill defeated Rep. Andy Barr of Kentucky, Rep. Frank Lucas of Oklahoma, and Rep. Bill Huizenga of Michigan to…

BlackRock on Bitcoin: 2% allocation reasonable for portfolios

BlackRock recommended a Bitcoin allocation size for the first time, likening the digital asset to Wall Street’s “magnificent 7”.

2019-7-16 11:00

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