“Bitcoin has such a marketing issue.” At least, that’s what came to mind for Bitcoin (BTC) supporter and Cointelegraph pressreporter Joe Hall when he was asked about the weakpoints and strengths of the popular cryptocurrency. While not labeling himself a “Bitcoin maximalist,” Hall thinks that most individuals — consistingof crypto OGs — are shockingly uninformed […]
Global monetary services business JPMorgan continues checkingout the advantages of blockchain, releasing the innovation to getridof some restraints of conventional financing. The banking giant has partnered with 6 significant Indian banks to present a blockchain-based platform allowing interbank settlement of U.S. dollar deals, Bloomberg reported on June 5. The gettinginvolved banks consistof HDFC Bank, ICICI […]
What do progressive Democrats, Republican nationwide security hawks and Wall Street traders have in typical? They are all obviously getting in United States Senator Elizabeth Warren’s “anti-crypto army.” The progressive senator’s reported alliance with Marc Cohodes, a Wall Street short-seller who benefited from the current carnage at crypto banks, is the mostcurrent example. Crypto locals […]
Megabank Mitsubishi UFJ Financial Group (MUFG) has revealed that its stablecoin issuance platform “Progmat Coin” will quickly be utilized by Japanese banks to launch Yen-pegged stablecoins on anumberof public blockchains. Japanese banks have justrecently laidout objectives to either appearance into or launch stablecoins following brand-new guidelines that came into result this month. In mid-2022, the […]
Boosting monetary addition is one of crypto’s greatest worth proposals. Yet, paradoxically, the banking crisis has successfully de-banked the crypto market itself, at least in the United States. How things panned out with Silvergate, Silicon Valley Bank and Signature — the 3 crypto-friendly U.S. banks — reeks of what Nic Carter called “Operation Chokepoint 2.0.” […]
The European crypto scene has gained significant traction over the past few years, with a surge in the interest in and adoption of cryptocurrencies and blockchain technology. While the crypto industry is often associated with decentralization, innovation and financial freedom, it is not immune to various political ideologies and influences, and right-wing movements are no […]
Just over a year after introducing its crypto system, American independent financialinvestment bank TD Cowen has revealed the shutdown of Cowen Digital, though it has not supplied a clear factor why. The international bank released Cowen Digital in March 2022 to supply institutional customers directexposure to the crypto market through 16 crypto properties consistingof Bitcoin […]
Barney Frank, a previous member of the United States House of Representatives and board member of Signature Bank, has pointed fingers at particular members of the public in the wake of the bank’s collapse. In a May 30 hearing priorto the New York State Senate, Frank stated he had “no mea culpas” concerning the failure […]
As more institutions explore digital assets, the need for on-chain analytics platforms has never been higher. Compliance experts, investigators and regulators employ these blockchain analytical tools to better understand the patterns and entities in cryptocurrency transactions. To learn more about the tools and how they fit into broader cryptocurrency adoption, Cointelegraph sat down with Tom […]
Financial services company Wells Fargo has reached a settlement in a class-action claim, concurring to pay investors $1 billion. The suit declared that the bank had misguided its investors about its efforts to willpower the 2016 phony accounts scandal. A $1 billion all-cash settlement was gave initial approval by United States district judge Gregory Woods […]
Investigations around the collapse of Signature Bank point towards illiquidity scenarios and bad management. However, the Federal Deposit Insurance Corporation (FDIC) chairman, Martin J. Gruenberg, thinks that the bank’s failure to comprehend the threats associated with cryptocurrencies accelerated its fall. Speaking at the hearing on “Oversight of Prudential Regulators,” Gruenberg highlighted the current failures of […]
The CEO of JPMorgan Chase — which justrecently took over stoppedworking First Republic Bank — thinks there might be more discomfort ahead for United States banks if the Federal Reserve goes into crisis mode with overregulation. In a Bloomberg tv interview on May 11, JPMorgan Chase Chair and CEO Jamie Dimon stated he thinks it’s […]