BankProv Launches Crypto Lending Platform
Amesbury-based BankProv has partnered with a cryptocurrency technology firm to provide equipment financing for Bitcoin miners.
U.S. and International Regulators Signal Increased Scrutiny of Cryptocurrency Market
Recent national and international developments have once again highlighted the risks and rewards inherent to financial technologies. And regulators are taking notice of developments in the cryptocurrency space.
Big Bank CEOs Say They’ll Work to Avoid Foreclosures
The chief executives of the nation’s largest banks went in front of Congress for a second day Thursday, facing questions ranging from inflation to their efforts to keep Americans in their homes after government aid to pandemic-hit mortgage holders expires this summer.
Can Hurdles to Stablecoins be Safely Addressed?
Although Libra’s launch may be delayed indefinitely, it has nevertheless sparked a serious debate among central bankers, economic policymakers and lawmakers about the future role of stablecoins as an alternative to fiat currencies.
Ohio Jumps Into World of Cryptocurrency
Ohio is now accepting tax payments in bitcoin. However, the government’s method of accepting payment is not as scary as it seems on the surface – and it might catch on elsewhere.
Buffett’s Business Partner Begs Feds to Ease Up on Wells Fargo, Blasts Bitcoin
Charlie Munger, the longtime business partner of fellow billionaire Warren Buffett, said on Wednesday it is time for regulators to “let up” on Wells Fargo & Co., which will end up “better off” as it corrects a series of mistakes in how it treated banking customers.
Bitcoin Loses Over A Fifth Of Its Value In Less Than 24 Hours
Bitcoin slid to as low as $9,000 in volatile trade on Thursday, having lost more than a fifth of its value since hitting an all-time high of $11,395 on Wednesday.
Bitcoin’s Blockchain Basis For IBM’s New Financial Platform
Tech giant IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, that is aimed at simplifying trade finance transactions for small- and medium-sized companies.
More virtual currency news for your Friday…
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