The belief that consumers and investors would feel most comfortable having traditional financial institutions store, manage and process digital assets has caused those institutions to begin exploring and implementing cryptocurrency into their suite of product offerings.
Major central banks have joined together to explore whether they should issue cryptocurrencies as the use of cash declines and more people turn to electronic forms of paying.
A decade that began with the banking industry in the midst of the financial crisis will close with the arrival of technology innovations that have transformed bank operations and consumer expectations.
As 2020 dawns, we are in the midst of another technological revolution in the banking industry – the monetization of “big data.” Once again, this innovation will provide both opportunities and risks for banks.
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.
Two Massachusetts men were arrested on Thursday and charged with conducting an extensive scheme to take over victims’ social media accounts and attempting to steal more than $500,000 in cryptocurrency.
Your money isn’t feeling too good. Here’s hoping for reincarnation.
And you thought it was annoying when your dad posts on Facebook like he’s texting you.
It is an open question whether financial regulators will sign off on Facebook’s plan for a new cryptocurrency, a question made far more complex by the fact that the firm is already at odds with consumer advocates, data protection authorities and antitrust regulators here and abroad.
The Provident Bank said in a statement released yesterday that it would become one of a few banks in the U.S. to wade into the waters of blockchain and bitcoin by offering deposit services to cryptocurrency-related clients.
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.
Boston-based payments firm and crypto unicorn Circle is seeking a federal banking license, according to multiple media reports.
The Boston-based payments company Circle has raised money yet again, continuing to grow at an extremely fast pace.
JPMorgan Chase & Co. has been hit with a lawsuit in Manhattan federal court accusing it of charging surprise fees when it stopped letting customers buy cryptocurrency with credit cards in late January and began treating the purchases as cash advances.
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.
