The U.S Securities and Exchange Commission has issued over 80 Cryptocurrency centered Subpoenas including TechCrunch founder Michael Arrington on his $100 million cryptocurrency fund according to CNBC. The agency has been increasing its crypto-related sweep as it hopes to ensure…
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Goldman Sachs Lists Cryptocurrencies as a Business Risk
America’s financial services Goldman Sachs admitted that cryptocurrencies and the blockchain pose a significant business risk to the overall business strategy. This follows the last week’s declaration by Bank of America, which stated that cryptocurrencies are a threat to its…
JPMorgan Chase, US largest Bank Admits cryptocurrencies could disrupt the Banking Industry
The largest bank in the US has admitted cryptocurrencies and the blockchain technology could disrupt both the traditional markets. The Bank recently banned credit card-crypto transactions, citing Compliance with Anti-money laundering laws, Consumer protection and tackling crypto related credit card…
The Big Crypto Acquisition: Wall Street Backed-Circle Acquires Cryptocurrency Exchange Poloniex
Author – Sam Fintech startup Circle Internet Financial Ltd reported it acquired Cryptocurrency Exchange Poloniex the 14th largest crypto exchange by 24 hours trade volume. The acquisition makes it a close rival for the Coinbase one of the largest crypto…
The Banks against Cryptocurrencies: Bank of America, JP Morgan move to Ban Credit Cryptocurrencies Purchases
The bitcoin had a tough month with market regulations, ban and rejections increased. Regulators, banks, and governments have been at the center as they try to protect the mainstream markets from the disruptive nature of the digital currencies. Most of…
Merrill Lynch Bans the Grayscale’s Bitcoin Investment Trust GBTC
By Guest Author – Sam Reads, Birmingham, United Kingdom Merrill Lynch a brokerage arm of the Bank of America has banned its financial advisors from trading. Bitcoin-related investment. This prevents its 17000 financial advisors from suggesting, complying or placing positions…
Dramatic rise in stock price of Longfin, after the company bought a blockchain company
The value of Bitcoin stood at US $ 16,611 as of December 20th, whereas it was around US $ 1,000 in January 2017. This phenomenal rise in the value of Bitcoin has also triggered other surprising events in the marketplace.…
New York Stock Exchange(NYSE) Plans to List Bitcoin Futures
Bitcoin ETF has taken another bold step earlier today as the New York Stock Exchange (NYSE) became the latest platform to show interest in the digital currency. The NYSE filed with the security exchange commission SEC to list funds that…
More than 2000 Accredited Investors pour over $100 million to Overstock’s TZERO ICO the first day
By Guest Author Overstock.com on Monday launched the largest ICO yet as investors poured a $100 million into the initial coin offering. The CEO of the company Patrick Byrne during an interview with Yahoo Finance on Monday announced the launch…
Bank of America owns an impressive Patent for Cryptocurrency Exchange System
Nowadays the price of Bitcoin is touching new heights every hour, so the trader and cryptocurrency exchange platforms are adopting new innovative ways to provide safe and secure service to their customers. In this order Bank of America has owned…