Online bank Swissquote opened its banking doors to accommodate Bitcoin trading accounts for its clients in July of 2017. It was thought to be the first European online bank to do this. A year on, and Swissquote has revealed the fruits of its labor for adopting the cryptocurrency with a 44% surge in profits attributed to the…
A few years ago Jamie Dimon was renowned for saying that bitcoin developers “are going to try and eat our lunch” and that silicon valley was coming to get the banks. Three years later, it’s not quite the case. The big banks are getting bigger, and the FinTech community is nibbling at the ankles and not biting…
EOS (EOS) has been on a rollercoaster ride this past month, and is currently down 65% from the record high posted in April 2018. The market cap is now the 5th largest among all coins tracked by BraveNewCoin, at US$6.13 billion, with exchange-traded volume of US$911 million in the past 24 hours. EOS was created…
These two new ‘parody’ apps—PoWH 3D and FOMO 3D—make a mockery of the crypto ecosystem by transparently letting early investors directly benefit from the funds of later investors. PoWH 3D, is a decentralized exchange, with its own unique ethereum-bonded token, and FOMO 3D is a gambling game designed to simulate “all the excitement of an ICO exit scam.”…
The IBM blockchain platform aimed at financial services was launched today, according to a CNBC news report. IBM currently holds several blockchain-based patents and is working on several different projects with Distributed Ledger technology. IBM Paves the Way When cryptocurrency began its ramp up back in mid-2017, several banks around the world started eyeing blockchain technology to see…
Kim Kardashian promotes Bitcoin: Reality television star Kim Kardashian-West announced to her 114 million Instagram (IG) followers that she staked a physical Bitcoin (BTC) in a charity poker event in LA last night. West’s sisters, Kendall Jenner and Khloe Kardashian, along with their mother Kris Jenner, hosted a table at yesterday’s ‘If Only’ Texas Hold’Em Charity Poker…
There are numerous people and groups in the crypto industry that want a crypto ETF. The Gemini exchange is one, and BitWise is another. Over the weekend, the CEO of Fatfish Internet Group joined the conversation. But is there a crypto ETF coming soon, or is this false hope? After all, the SEC has a different opinion.…
On Monday, October 19, 1987, stock markets crashed around the world. It began in Hong Kong and spread to Europe. The Dow Jones fell more than 22% within a few hours. On Black Monday, Larry Fink was working at First Boston. Maybe the loss of $100 million of the bank’s money under his watch prompted…
Digital Garage, a Japanese listed company engaged in diversified online businesses, including venture investment, online advertising, and e-commerce payment services, and The Tokyo Tanshi Co Ltd, which is a provider of brokerage services in the interbank market, have announced a plan to establish Crypto Garage, a joint-venture for researching, developing, and commercializing blockchain financial services…
The focus of the Nasdaq meeting was apparently how to improve the image of cryptocurrency and bitcoin in particular. According to Bloomberg, among the topics discussed were the implications of future regulation for cryptocurrencies, what the necessary tools are and what surveillance will be needed. Nasdaq CEO, Adena Friedman, has been a vocal advocate of blockchain and…
