In a move that could mirror the playbook of JPMorgan Chase CEO Jamie Dimon, Goldman Sachs Group Inc. Chief Executive Officer David Solomon said in an interview with a French newspaper that he is “absolutely’’ taking a look at cryptocurrencies. Solomon also noted the bank...
Bitcoin value dropped dramatically to below $11,000 on Thursday (June 27), after an 18-month high of almost $14,000 earlier this week, marking a 16 percent dip, according to a report by Reuters. The famous cryptocurrency was riding a wave of interest after Facebook announced a...
To serve investors who want to participate in the digital currency market, Overstock.com subsidiary tZERO has rolled out a digital wallet as well as an exchange app. Users will have the ability to purchase, hold and sell digital assets on their cell phones via the...
Facebook’s announcement that it was launching its own cryptocurrency, called Libra, has caused a resurgence of interest in crypto — and bitcoin, the most famous digital coin, surged to an 18-month high on Wednesday (June 26), according to a report by Reuters. Bitcoin has been...
Some users of the Cash App, which is owned by payments company Square, can now deposit bitcoin, according to reports. Users could previously buy, sell and transfer bitcoin through the app, which is available on both Android and iOS, but now some users can deposit...
JPMorgan plans to test its proposed cryptocurrency, the JPM Coin, by the end of the year, according to reports. Umar Farooq, the head of digital treasury services and blockchain at the company, said the firm will run a pilot of the coin with select customers...
More financial regulators are talking about Libra and saying that Facebook’s recently announced cryptocurrency won’t launch without close scrutiny, according to a report by the Financial Times. The international Financial Stability Board (FSB) and the U.K.’s Financial Conduct Authority (FCA) have now both spoken publicly...
All Libra, all the time? Maybe even no Libra, or a long wait until Libra. If there might be an overarching theme this past week on the as-yet-to debut Libra cryptocurrency it would boil down to a single word: Caution. And another word: Clamor. Yes,...
The head of Germany’s central bank warned about stablecoins, which are cryptocurrencies tied to traditional currencies, according to a report by Reuters. Jens Weidmann said that if the new currency becomes widely used, it could undermine banks. If stablecoins became widely used, “they would almost...
