Category: Banks

JPMorgan Seeking to Hire Bitcoin Tech Experts, Says Bitcoin Futures Are ‘Understated’

Photo: Shutterstock Controversial Wall Street banking giant JPMorgan Chase has been swinging its opinion on cryptocurrencies with time. With its chief Jamie Dimon criticizing cryptocurrencies heavily to the bank launching its native crypto token JPM Coin, it has come a long way. The latest report from The Block suggests that […]

Facebook’s Crypto Project Will Be A Milestone According to RBC

Global investment bank RBC Capital Markets believes that Facebook’s upcoming crypto project will be a major milestone in the firm’s history, CNBC reports June 14. In a note to investors, RBC Capital analysts Mark Mahaney and Zachary Schwartzman reportedly said that Facebook’s long-rumored stablecoin project “may prove to be one […]

Spanish Law Enforcement Arrests 35 Suspects for Bank Fraud, BTC Money Laundering

Spanish law enforcement arrested 35 people for allegedly counterfeiting banking cards and laundering the proceeds through bitcoin (BTC), local media La Verdad reports on June 14. Per the report, the organization obtained over €600,000 ($674,000) and laundered over €1 million ($1.2 million) using bitcoin. Furthermore, the Command of Alicante reportedly […]

FT: Facebook Hires Standard Chartered Bank’s Head of Public Affairs for Crypto Project

Facebook has reportedly hired Standard Chartered Bank’s head of public affairs Ed Bowles for its cryptocurrency project, the Financial Times reports on June 14. Per the report, Facebook hired the senior bank lobbyist in anticipation of the greater regulatory scrutiny in Europe over its plans to launch its own crypto […]

Ripple is Changing People’s Lives in the ASEAN Remittance Network

Photo: Unsplash Ripple has been a pioneer in this region to test these grounds for blockchain use. Ripple along with its partners at SBI Remit, CIMB Group, Siam Commercial Bank, Mitsubishi Corporation and Standard Chartered, the Japan Bank Consortium, and many others noticed the problem this region is facing. Asian […]

Conglomerates’ Deep Pockets Continue Blockchain Growth in South Korea Despite Crypto Ban

Unlike in other countries, where startups are at the heart of blockchain development, the South Korean blockchain landscape has “chaebols,” large, family-owned business conglomerates in Korea, at its heart. Just about every month, reports and announcements of large South Korean companies — including Samsung, Naver and NHN, just to name […]

Ripple Boosts the Clientele of a Remittance Company to +800% Over Night

Photo: Ripple / Twitter Ripple CEO Brad Garlinghouse recently was speaking to Bloomberg in Singapore, where during the interview he revealed that a remittance company was able to boost their clientele by overwhelming +800%. And this boost happened “overnight”, as Mr. Garlinghouse explains. However, since the interview was in a […]

Crypto Wallet Provider BRD Partners With Wyre to Roll Out US Bank Transfer Support

Global mobile crypto wallet provider BRD has announced a partnership with blockchain payments and infrastructure firm Wyre that will enable its United States-based customers to purchase cryptocurrencies using bank transfers. The news was revealed in a press release shared with Cointelegraph on June 13. According to the press release, U.S. […]