The news marks the first time a major US bank has created a cryptocurrency; the bank plans to start trials...
While most big banks are reluctant to enter into the crypto space, many smaller banks are capitalizing on the opportunity;...
The new round puts a valuation on the company of $5.6 billion; they are now the second most valuable private...
According to Bloomberg, mining the cryptocurrency is profitable in China as long as the price remains above $6,925; however, China is planning to limit the power usage by miners; Bloomberg provides additional data on electric usage of mining bitcoin. Source
Chris Larsen, Ripple’s co-founder and executive chairman is benefiting from Ripple’s (XRP) recent rise; CNBC reports that his net worth climbed to $59.9 billion yesterday, at least on paper; this puts him high on the Forbes 400 list, just head of Larry Ellison; Larsen owns 5.19 billion of the digital currency and has a 17% stake in the company; he was previously a founder of Prosper. Source
In an effort to properly regulate, define and use alternative digital currencies and the technology that underpins them, blockchain, New...
On CNBC’s Power Lunch, CEO Anthony Noto stated, “We want to accelerate our investment in some new products, one of...
Circle is planning to offer a similar product to Coinbase called Circle Invest; the platform has now launched in beta as users reported they were receiving invites; the app will support Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ethereum Classic; the app currently does not support cryptocurrency deposits. Source
Buying and selling of cryptocurrencies may be available as soon as June, but the bank is still working on how it will store them; Goldman remains one of the few banks who are leading the charge when it comes to trading cryptocurrencies and it remains to be seen whether other banks will follow suit. Source
It is seemingly a daily ritual where we hear of the transformational potential of cryptocurrencies or the systemic risk they...