NYSE Owner’s Bitcoin Market May Have ‘Hidden Leverage,’ Wall Street Vet Warns

When Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), announced that it was launching a bitcoin market, the move was met with enthusiasm by many within the cryptocurrency industry as a vindication of the legitimacy of the asset class. However, others, including some Wall Street veterans, warned that the “financialization” of

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Capital One Wants to Authenticate Users on a Blockchain

Blockchain adoption continues to rise in the banking sector, with the news that Capital One has applied for a patent to potentially develop a blockchain system that authenticates new users in a secure manner. Capital One is a bank holding company specializing in credit cards and bank loans, making security a primary concern. According to

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Bitcoin Only ‘Masquerades’ as a Currency: BIS Research Chief

Hyun Song Shin, Economic Adviser and Head of Research of the Switzerland-based Bank for International Settlements (BIS), told Bloomberg that bitcoin and other cryptocurrencies “fall a long way short of being able to sustain a monetary system” and really only “masquerade” as real currencies. Speaking in the latest episode of the Bloomberg Benchmark podcast, Shin argued

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Is Barclays Opening Crypto Trading? Bank and Traders Offer Differing Takes

Two bank employees have been working on setting up a new cryptocurrency trading desk in Barclays, one of the UK’s ‘Big Four’ banks. At least, that’s what it says on their LinkedIn profiles. Business Insider reports that Chris Tyler’s profile stated that he’s been “hired to produce a business plan for integrating a digital assets

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Swiss Bank Maerki Baumann Will Service Cryptocurrency Firms, Removing a Major Industry Pain Point

Despite rising competition from other countries seeking to capitalize on the cryptocurrency boom, Switzerland’s Crypto Valley looks poised to get its moxie back. Swiss Bank Maerki Baumman Will Offer Accounts to Cryptocurrency Firms That’s because a second Swiss bank — the Zurich-based private bank Maerki Baumann — has agreed to form banking partnership with cryptocurrency

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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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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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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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