US Bank, the country’s fifth-largest retail bank, is establishing its own cryptocurrency custody facility for fund managers, as financial services struggle to keep up with the quickly growing digital asset industry. U.S. Bancorp is the parent corporation of U.S. Bank, the country’s fifth-largest bank, with about 70,000 employees and $559 billion in assets as of … Read more
Jamie Dimon, the CEO of major investment firm JP Morgan, has long been a bitcoin and cryptocurrency skeptic. Back in September 2017, he branded Bitcoin a scam, although he later apologized. In May, he recommended Americans to “avoid” bitcoin. Jamie Dimon reiterated his anti-bitcoin and crypto viewpoint in a Monday interview with Axios on HBO. … Read more
Elon Musk believes Dogecoin will be the next big thing and that he can place it on the moon. Tesla CEO Elon Musk and SpaceX CEO Elon Musk have been vocal about cryptocurrency on Twitter, and have even tried to incorporate it into his business practices, such as when he declared Tesla will take Bitcoin. … Read more
The world’s most dominating cryptocurrency, Bitcoin, experienced a gain in price last night, due to the volatility and selloff. Bitcoin is at that point, where if its price rises or falls, it still will continue to dominate the cryptocurrency ecosystem. It takes multiple decades for companies to reach a milestone. But, Bitcoin is the only … Read more
The SIX Swiss Exchange’s Crypto Market Index 10 is used to monitor the progress of the top ten cryptocurrencies. As domestic economic regulators give more legal permissions for crypto investment vehicles, cryptocurrency usage growing rapidly in Switzerland. The Crypto Market Index Fund has been certified by the Swiss Financial Market Supervisory Body FINMA as the … Read more
Jamie Dimon, the CEO of JP Morgan Chase, one of the world’s largest financial organisations, has reiterated his position on bitcoin and cryptocurrencies. According to Dimon, anyone who borrowed money to purchase bitcoin was a “stupid.” However, his personal viewpoint does not conflict with JP Morgan’s decision to provide consumers with access to six cryptocurrency … Read more
The largest cryptocurrency Bitcoin fell 4.6% to $42,874, while the smaller coins commonly traded alongside Bitcoin also plummeted. Ether is down more than 8% while XRP is down 7%. Bitcoin fell nearly 5% on Friday after China’s central bank announced it would crackdown on cryptocurrency trading and ban currency exchange services to investors in mainland … Read more
With over 60 cryptocurrency exchanges in South Korea will send notifications of a partial or complete trading ban by Friday midnight, one week until the new legislation takes effect. The Financial Services Commission, South Korea’s primary financial regulatory authority, said in April that all exchanges throughout the country should register with the Korea Financial Intelligence … Read more
On Monday morning, the global cryptocurrency market took a hit, with the price of bitcoin, the most valuable cryptocurrency, plunging below $44,000. It is presently trading at $44,068, down 7.45 percent over the previous 24 hours. On China Evergrande Group’s debt troubles, shares in Asia and Europe plummeted, while US equities futures were in the … Read more
US billionaire Ray Dalio has expressed concern that countries like India and China are holding back the growth of Bitcoin, the world’s top-rated cryptocurrency. In an interview with the media earlier this week, the 72-year-old former co-Chief Investment Officer of Bridgewater Associates, the world’s largest hedge fund, feared global regulators might try to crack down … Read more
