Bitcoin & Banking News

Credit Card Companies are Disallowing Users From Purchasing Cryptocurrencies

3 weeks ago admin2 Comments Off on Credit Card Companies are Disallowing Users From Purchasing Cryptocurrencies
Major credit card issuers and financial service providers Citigroup, Discover, JPMorgan Chase, and Bank of America are disallowing their clients from purchasing cryptocurrencies with credit cards. This week, in an official statement provided to Bloomberg, Bank of America announced that both individual and institutional clients will no longer be able to invest in the cryptocurrency Read More

Nordea Bank Prohibits Employees From Trading Bitcoin, Previous Holders Allowed

1 month ago admin2 Comments Off on Nordea Bank Prohibits Employees From Trading Bitcoin, Previous Holders Allowed
Nordea Bank, based in Stockholm, Sweden, has banned its employees from trading bitcoin and other major cryptocurrencies in the global market. The bank, describing bitcoin as a “high risk” investment, prohibited all of its 31,000 employees located throughout Europe from investing in bitcoin, interfering with the personal investments of its employees. “The risks are seen Read More

Crypto Craze: Towards A Bursting Bubble?

1 month ago admin2 Comments Off on Crypto Craze: Towards A Bursting Bubble?
Cryptocurrencies had an incredible year in 2017: Bitcoin jumped more than 1,300%, Ethereum rallied 8,600%, and the overall cryptocurrency market rose to nearly US$650 billion by the end of the year, an astronomical 3,720% increase compared with January’s “tiny” US$17 billion market capitalization. 2017 was the year that smaller, lesser known altcoins such Ripple, Stellar Read More

South Korean Cryptocurrency Mania: Exchanges are Adding More Employees Than Banks

2 months ago admin2 Comments Off on South Korean Cryptocurrency Mania: Exchanges are Adding More Employees Than Banks
South Korean cryptocurrency exchanges including Bithumb, Coinone, and Korbit are adding more employees than banks and financial institutions, local mainstream news networks have reported. YTN, one of South Korea’s largest mainstream media outlets, revealed that Bithumb, which processes more than $2.6 billion worth of cryptocurrency trades on a daily basis, has been hiring more talents Read More

NYSE and Cboe File For Bitcoin ETFs

2 months ago admin2 Comments Off on NYSE and Cboe File For Bitcoin ETFs
This month, the Chicago Board Options Exchange (Cboe) and The New York Stock Exchange (NYSE), the world’s largest options and stock exchange, filed six bitcoin exchange-traded fund (ETF) applications to the US Securities and Exchange Commission (SEC). In March, the Winklevoss twins failed to convince the US SEC to approve the COIN bitcoin ETF. After Read More

Prominent Investor: Why Jamie Dimon Insisted on Calling Bitcoin a Fraud

2 months ago admin2 Comments Off on Prominent Investor: Why Jamie Dimon Insisted on Calling Bitcoin a Fraud
Image credit: Forex, Wikimedia Common Over the last year, Jamie Dimon, CEO of JPMorgan, the largest bank in the global finance sector with a market valuation of over $367 billion, has publicly expressed his opposition to bitcoin, falsely describing the cryptocurrency as a fraud and a money laundering tool. Ari Paul, the co-founder at Blocktower Read More

CME CEO: Bitcoin Futures Could Launch in Mid-December

3 months ago admin2 Comments Off on CME CEO: Bitcoin Futures Could Launch in Mid-December
CME Group chairman and CEO Terry Duffy has said that the planned bitcoin futures contract could launch by mid-December. At the end of October, Duffy revealed that the company had decided to introduce a bitcoin futures due to ‘increasing client interest in the evolving cryptocurrency markets,’ pending regulatory approval. “As the world’s largest regulated FX Read More