Category: Banking
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Goldman Sachs May Store Bitcoin for Cryptocurrency Funds, Institutional Investors
One of the world’s most well-known investment bank is mulling launching a custodial service to store bitcoin for investment funds that want to hold cryptocurrency. Goldman Sachs May Custody Cryptocurrencies Citing multiple anonymous sources familiar with the matter, Bloomberg reports that Goldman Sachs, the second-largest investment bank, is holding discussions about becoming one of the…
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Jamie Dimon Still a Member of the ‘Blockchain Not Bitcoin’ Brigade
Earlier this year, Elizabeth Stark, CEO of cryptocurrency development startup Lightning Labs, famously said that the industry had begun to enter a “bitcoin not blockchain” era as mainstream firms came to recognize the value of cryptocurrency technology. Not everyone, however, is ready to hop off the “blockchain not bitcoin” train. Speaking with the Harvard Business…
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Blythe Masters Looks Beyond Finance for Next Wave of Blockchain Growth
The enterprise DLT startup now sees a vast range of opportunities, both within the industry where its founder spent most of her career and outside it.
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NY BitLicense Chief Clashes with U.S. Treasury over Fintech Banking Charters
The New York State Department of Financial Services (DFS) has stated its opposition to the U.S. Department of Treasury’s endorsement of regulatory “sandboxes” for fintech companies that essentially allow fintechs to receive special bank charters, according to a statement on its website by Maria T. Vullo, DFS superintendent and overseer for the state’s BitLicense regime. The…
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Bithumb Sees 40% Trading Volume Drop After User Registration Suspension
Trading volume on South Korea’s Bithumb exchange has plummeted since it temporarily stopped offering new account registrations.
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Crypto Bank Galaxy Digital Takes Massive Hit in Stock Market Debut
If you look hard enough, you can find a silver lining, but there’s no denying that billionaire Mike Novogratz has had a difficult week. Crypto Merchant Bank Has Rocky Debut Days after revealing that Galaxy Digital, his cryptocurrency merchant bank, posted a $134 million loss during Q1, the firm took a massive hit in its…
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Brazilian Cryptocurrency Exchange Wins Injunction Against Bank Who Closed Its Account
Brazilian cryptocurrency exchange Walltime has recently won a court battle against local bank Caixa Econômica Federal, forcing it to unfreeze its account holding more than $200,000 worth of funds. Crypto Exchange Walltime Wins Preliminary Injunction Against Hostile Bank According to local news outlet Portal do Bitcoin, Walltime won a preliminary injunction, meaning the court’s decision…
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Morgan Stanley Poaches Credit Suisse ‘Bitcoin Expert’ to Head Crypto Division
Morgan Stanley, one of the world’s largest investment banks, has just poached Credit Suisse’s resident “bitcoin expert” to head the former’s digital assets unit. As first reported by eFinancialCareers, Morgan Stanley, which ranks sixth among U.S. banks with $858 billion in total assets, hired Andrew Peel last month to serve as its new “head of…
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$10.7 Trillion Custodian Northern Trust Helping Hedge Funds Invest in Bitcoin
Financial services giant Northern Trust, which ranks 486th on the Fortune 500 list of the largest U.S. companies, has begun to wade into the cryptocurrency ecosystem. Northern Trust Offers Services to Crypto-Curious Hedge Funds Forbes reports that the 129-year-old Chicago-based firm, which caters to institutional investors, corporations, and high net worth individuals, has begun to…
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BBVA Can't Hold Cryptocurrency – And That's a Problem
The bank wants to use ethereum as a notary, but regulators discourage holding even the tiny bit of ether needed to put data on the public blockchain.