The first digital currency created by a major US bank is finally here! This morning, CNBC was first to report that JPMorgan Chase has officially launched its own cryptocurrency. The first JPM Coin trial is set to launch in just a few months. JPM Coin Makes Trial Debut JPMorgan Chase moves more than $6 trillion around…
According to Cointelegraph, Europe’s Banco Santander and tech behemoth IBM have announced an accord involving the IBM blockchain. The pair signed a $700 million USD deal aiming to increase Santander’s technological developments. The news was released yesterday via a press release. IBM Blockchain The deal is a five-year “global technology agreement” that will improve the bank’s services…
According to a Bloomberg report, Galaxy Digital Holdings founder Mike Novogratz believes that crypto institutional investment will be coming by next year. If this were to be the case, digital coins would most likely rally significantly. Crypto Institutional Investment In an interview with Bloomberg Television, the crypto magnate said the following about digital currency, which he dubs…
As of yesterday, users using a Coinbase Wallet can now back up an encrypted version of their private keys to their personal cloud storage account. These accounts include either iCloud or Google Drive. Coinbase released this announcement via its personal blog yesterday. Coinbase Wallet Upgrades 🔐☁️ Introducing Cloud Backup for your private keys on Coinbase Wallet!…
Hong Kong blockchain week is right around the corner! Hybrid Summit has decided to host its annual event in China this year. Last year, the blockchain-centered educational event was held in Bangkok Thailand and in 2017, it was held in Studio City, Macau. Hybrid Summit 2019 will be held on March 7th at the AsiaWorld…
According to Bloomberg, renowned digital asset firm Morgan Creek Digital has successfully closed a new $40 million blockchain-specific venture capital fund. It has done this because of major contributions from two US public pensions. Initially, the venture looked to raise $25 million. Morgan Creek Digital Backed by finance behemoth Morgan Creek Capital, Morgan Creek Digital is a hedge…
In 2018, ICOs raised over $7.8 billion USD—up $1.6 billion from the year 2017. Most of these 2018 funds were raised in the first three months of the year. Cryptocurrencies have been on the decline ever since. Yesterday, the Securities and Exchange Commission (SEC) released their new guide to ICOs. This new SEC ICO guide…
One of the Philippines largest banks, Union Bank, is set to launch the first two-way crypto ATMs in the country. Union Bank Crypto ATMs Customers will be able to buy and sell cryptocurrencies for cash through the ATM. The idea is to provide an easy and accessible means for crypto to fiat conversion and vice…
A new Bitcoin (BTC) scam website has emerged. Back in 2017, when the cryptocurrency market hit mainstream news, scam sites began blowing up. Since everyone was so desperate to get their hands on digital currency or invest in a project that could give them 10X the return, the scammers often won. Now, cryptocurrency investors are…
Ripple has added 11 new universities to its University Blockchain Research Initiative (UBRI). With a strong emphasis on developing the upcoming generation of developers, the UBRI is designed to develop blockchain-focused academia and research. Ripple is extending its footprint globally by adding 11 new universities to its program. 11 New Universities to UBRI The UBRI launched…
