Danny Masters used to direct JPMorgan's energy trading operations. Now, he's started Global Adivsors, an investment firm that's delved deeply into bitcoin and other top cryptocurrencies. Masters is now saying that banks will only continue to be walloped by the "true financial revolution" that is the cryptoverse. Also see: Bitcoin Dev Wants to Change Bitcoin’s Proof-of-Work … [Read more...] about Ex-JPMorgan Energy Head: Bitcoin, Cryptocurrency a “True Financial Revolution”
In a 13,000 page risk factor report, Bank of America (BofA) just characterized cryptocurrency projects as having the potential to force the institution to expensively revolutionize its operations. The document marks the first time cryptocurrencies have been formally acknowledged in such a way by a major U.S. bank. Also see: France’s Top Financial Watchdog Moves Against … [Read more...] about In Report, Bank of America Cites Cryptocurrency as Possible Challenger
Banks are now having to play catch up as the cryptocurrency craze has generated more innovation in the last 10 years than banks have in the last several decades. Major financial institutions have many advantages in the developing rat race, but nimblessness isn't one of them. Also see: Comedian Ellen DeGeneres Welcomes Bitcoin to the Mainstream Subscribe to the Bitsonline … [Read more...] about Innovation a Must for Banks Amid Cryptocurrency Craze
With so many global attempts to regulate cryptocurrency, it seems fair to assume that someone, somewhere will eventually get their way, and according to International Monetary Fund chief Christine Lagarde, that time may be arriving sooner than we think. Also see: NY Fed Economists: Trustless Payments ‘Not a Problem That Needs Solving’ Subscribe to the Bitsonline YouTube … [Read more...] about Christine Lagarde: Cryptocurrency Regulation Is Inevitable
Ripple has worked hard to spread its wings. Now considered one of bitcoin’s primary competitors, the currency says it has struck deals with banks and money-transfer platforms like MoneyGram to ensure its survival and stretch beyond the standard horizons of digital currency usage, but how valid are its claims of late? Also read: Trading App Robinhood to Launch Cryptocurrency … [Read more...] about Should We Take Recent Claims About Ripple with a Grain of Salt?