Ripple xCurrent will be used by Brazil and Latin America’s Largest Bank for Payments Processing

Author – Marequitta Roughly a month ago (February 21), it has been revealed by the Ripple team that Brazil and Latin America’s biggest bank by market cap, Itaú Unibanco, have signed an agreement with Ripple to use its blockchain network’s xCurrent…

Bitcoin and Stock Market Prices Correlated? Wall Street Journal Article Thinks So

Governments and major financial institutions and authorities have always considered Bitcoin as a speculative investment, which means that it may or may not be a legitimate asset that people should be investing in. For the most part, this is because…

Will Fear, Uncertainty, and Doubt kill the “stablecoin”, Tether ?

On Tuesday, the cryptocurrency market took a hit close to all coins recording price falls. Few coins on the top 20 managed to maintain the green mark with only Tether and little known Vechain managing to post gains. Tether has…

Securities and Exchange Commission Issues 80 Cryptocurrency Subpoenas, Including TechCrunch Fund

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…

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.…