Financial institutions

JP Morgan and Its Bitcoin Trading Service to Face Stiff Competition from Cryptocurrency Exchanges

Source Node: https://coinidol.com/jp-morgan-bitcoin-trading/
Time Stamp: August 10, 2021 6:28 AM - Modified On: August 10, 2021 - Published By:
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Aug 10, 2021 at 10:28 // News JP Morgan is finally offering bitcoin investment options to its customers after years of aversion to crypto investing, and is reportedly promoting its bitcoin product to its retail customers. However, the bank should be prepared for competition from cryptocurrency exchanges and similar banks. Sceptic becomes a believer After JP Morgan Chase discovered the potential of cryptocurrencies, the bank added Bitcoin to the list of assets its clients can invest in. Everything JP Morgan is doing now in regards to Bitcoin has proven to

Why DACH could be the key to injecting $657B into cryptocurrencies

Source Node: https://ambcrypto.com/why-dach-could-be-the-key-to-injecting-657b-in-cryptocurrencies/
Time Stamp: August 5, 2021 8:00 AM - Modified On: August 5, 2021 - Published By:
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Regulatory uncertainty and restrictions have been a bane for the crypto-space for a while. However, in a way, they have also ushered in greater adoption. Consider this – Between $100 billion and $657 billion could flow into the crypto-market from the DACH region within the next three years, a new survey has found. How? Well, all thanks to the region’s changing regulatory landscape. DACH to the rescue 70 investment funds in Germany (D), Austria (A), and Switzerland (CH) were surveyed in the report by Russia’s Mindsmith. According to the same,

Only 22% of Bankers and Financial Investigators Feel Confident Detecting Crypto-Related Payments  

Source Node: https://ciphertrace.com/only-22-percent-of-bankers-feel-confident-detecting-crypto-related-payments/
Time Stamp: December 9, 2020 9:20 PM - Modified On: May 21, 2021 - Published By:
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Only 22% of Bankers and Financial Investigators Feel Confident Detecting Crypto-Related Payments   - CipherTrace skip to Main Content Home » Alert » Only 22% of Bankers and Financial Investigators Feel Confident Detecting Crypto-Related Payments   In a December 9 CipherTrace-ACFCS Webinar on “How Cryptocurrency Intelligence Tipped the Scales in 2020 Sanctions Evasion,” over 500 attendees from various Financial Institutions were asked if they felt confident detecting cryptocurrency related payments flowing through their institutions and/or investigations. Over three-quarters—78.2%—of attendees responded that they do not feel confident in detecting crypto-related payments

Thailand’s Central Bank Eyes DeFi Use Cases for Its Digital Baht

Source Node: https://cointelegraph.com/news/thailands-central-bank-eyes-defi-use-cases-for-its-digital-baht
Time Stamp: August 14, 2020 7:55 AM - Modified On: May 21, 2021 - Published By:
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Thailand’s central bank is looking at smart contracts and decentralized finance (DeFi) implementations for its national digital currency, the digital baht.Vijak Sethaput, senior developer for the Bank of Thailand’s (BoT) central bank digital currency project Inthanon, discussed the country’s CBDC progress in an interview hosted by a global think tank for central banking, the Official Monetary and Financial Institutions Forum, on Aug. 13.Sethaput was joined by Sky Guo, CEO of New York-based enterprise blockchain firm Cypherium, which is focused on global CBDC implementations and interoperability.In the interview, Guo said that

XRP (Ripple) vs XLM (Steller) vs ADA (Cardano): Which Altcoin Reigns Supreme?

Source Node: https://bitcoinist.com/xrp-ripple-vs-xlm-steller-vs-ada-cardano/?utm_source=rss&utm_medium=rss&utm_campaign=xrp-ripple-vs-xlm-steller-vs-ada-cardano
Time Stamp: August 12, 2020 5:00 AM - Modified On: May 21, 2021 - Published By:
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Some of the best cryptocurrencies to prospect on are also some of the best values. What if we were to tell you three altcoins — currently priced in the low cents — are all potential sleepers? [embedded content] In the case of XRP (Ripple), XLM (Stellar), and ADA (Cardano), all three altcoins have unique growth potential on the crypto market.  Ripple, for example, has a rich history in e-payments dating back to the days of ripplepay.com, as an early competitor to PayPal.  In 2011, crypto-mogul Jed McCaleb (more on him

IBM Executive Reveals Plans to Help Banks Capitalize on DeFi

Source Node: https://cointelegraph.com/news/ibm-executive-reveals-plans-to-help-banks-capitalize-on-defi
Time Stamp: August 11, 2020 8:47 PM - Modified On: May 21, 2021 - Published By:
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In a Cointelegraph interview, director of IBM financial services and digital assets, Nitin Gaur, shared how the technology company is helping financial institutions to capitalize on the DeFi movement.Gaur — the author of Blockchain for Business — says it is essential that banks understand and embrace DeFi space. Otherwise, he says it could eventually disrupt their entire business model:“I think that the financial institutions should understand it because it has the potential to eventually sort of take over and subside the business elements of existing business models. And that's one

Cryptocurrency Cards: An Unnecessary Solution That Should Be Stopped

Source Node: https://cointelegraph.com/news/cryptocurrency-cards-an-unnecessary-solution-that-should-be-stopped
Time Stamp: August 8, 2020 7:30 PM - Modified On: May 21, 2021 - Published By:
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It is high time for traditional financial institutions to see that the crypto industry has matured enough and does not possess high risks. Source: https://cointelegraph.com/news/cryptocurrency-cards-an-unnecessary-solution-that-should-be-stopped