Pro-Crypto Robinhood & Revolut Aim to Replace Bitcoin-Hostile Banks

Earlier today, two of the world’s hottest fintech startups, the US-based Robinhood and the UK-headquartered Revolut, separately announced new product offerings that could greatly benefit the crypto industry over the long-term and put pressure on bitcoin-hostile banks to begin modernizing their service lines. Bitcoin-Friendly Fintech Startups Want to Replace Banks Revolut, which recently achieved a …

Bank of America Could Store Crypto Deposits for Big Companies

Twitter Facebook LinkedIn Despite their harsh exterior, banks have been quietly preparing for a world that involves cryptocurrencies. Bank of America has most recently secured a patent for a cryptocurrency aggregation system, one in which big companies store customers’ crypto deposits in an enterprise account involving vaults and offline storage rather than taking on the risk …

Goldman Sachs Embezzlement Scandal Shows Value of Crypto

Twitter Facebook LinkedIn According to a report in the New York Times, Goldman Sachs bankers have been successfully brought to heel regarding their part in a massive multi-billion dollar embezzlement scheme in league with former Malaysian PM Najib Razak, who used proceeds from the scandal to purchase luxury items and fund an extravagant lifestyle. There’s …

Caitlin Long on Crafting Positive Cryptocurrency Regulations

Note: This is part 2 in a multi-part interview series with Caitlin Long, a 22-year Wall Street veteran who formerly led Morgan Stanley’s Pension Solutions Group. Long, an ardent blockchain advocate, has been critical of Wall Street’s corrupt banking practices, which she fears institutions will integrate into their cryptocurrency products and services. Read part 1 here. Part …

Malaysia is Directing Its Three Largest Industries to Blockchain Technology

The Malaysian government is seeking to explore blockchain solutions in the nation’s three largest industries: renewable energy, palm oil, and Islamic finance. A task force named the Malaysian Industry-Government Group for High Technology (MIGHT) will be spearheading the move to adopt blockchain in each industry in order to increase transparency, sustainability, and logistical efficiency according to a …

Citigroup is the Latest Bank to Offer Crypto Custody, Impact on the Market

According to Business Insider’s Frank Chaparro, sources close to Citibank revealed that the $175 billion New York-based bank will offer crypto custody solutions to institutional investors. Through the launch of a product called Digital Asset Receipt (DAR), Citigroup will enable institutional investors to invest in cryptocurrencies in a fully insured and regulated manner. Similar to …

Explaining the Recent Market Performance

Just when it appeared that the cryptocurrency market was about to bottom out just a fortnight ago (with Bitcoin reaching a reported 14-month volatility low), the market subsequently started displaying indicators of a directional shift. Last week however, we saw a short-term appreciation in value. In typical crypto fashion it was just as rapid if …

Americas’ Oldest Central Bank Partners Bitcoin Startup to Explore Digital Currency

The Central Bank of Curacao and Sint Maarten (CBCS) has announced a partnership with blockchain technology firm Bitt aimed at exploring the issuance of a digital currency for Curacao and Sint Maarten island nations. Per the chief executive of Bitt, Rawdon Adams, a digital currency will be especially relevant to the two countries, which are …