Crypto is ‘poorest hedge’ for drawdowns in equities, JPMorgan analysts say
Analysts bashed Bitcoin despite JPMorgan co-president Daniel Pinto claiming that Bitcoin adoption is inevitable at some point. Go to Source Powered by WPeMatico
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Banks increasingly interested in Bitcoin, says Elliptic co-founder
Several financial institutions in the U.S. are “are seriously considering launching some type of cryptocurrency service,” an Elliptic co-founder said. Go to Source Powered by WPeMatico
JPMorgan will get into Bitcoin ‘at some point’, says co-president
JPMorgan co-president Daniel Pinto said that the current demand “isn’t there yet” for the firm to get into Bitcoin, but he is sure that “it will be at some point.” Go to Source Powered by WPeMatico
America’s oldest bank, BNY Mellon, will custody Bitcoin
The chief executive of the bank’s asset-servicing business says digital assets are becoming “part of the mainstream.” Go to Source Powered by WPeMatico
Major Malaysian Bank Kenanga Acquires 19% Stake in a Crypto Exchange
One of Malaysia’s top investment banks has bought a 19% stake in a local crypto exchange via its private equity arm. The Kenanga Investment Bank announced its inception into the crypto business by investing in Tokenize Xchange. Tokenize Xchange Is One of the Three Malaysian Licensed Crypto Exchanges Per the official announcement, the bank made … Read more
Major Thai bank’s venture arm sets up $50M fund to invest in blockchain, DeFi
Siam Commercial Bank, over a century old, doesn’t fail to keep up with the times. Go to Source Powered by WPeMatico
Bank of Korea publishes book on central bank digital currency’s legal issues
South Korea’s central bank has issue a book on legal matters that would need to be addressed to ensure the smooth operations and usefulness of a future central bank digital currency. Go to Source Powered by WPeMatico
Hedge or cyclical? Eternal debate on Bitcoin’s status sees a new twist
Crypto might not be a great hedge in the strict traditional sense, but it can guard investors against policy and currency risks. Go to Source Powered by WPeMatico
Irish central bank governor says crypto investors could lose all their money
Despite being worried about consumer protection, the central banker is confident that Bitcoin is no threat to financial stability. Go to Source Powered by WPeMatico
SBI Holdings and SMFG to launch digital securities exchange in 2022
The upcoming digital stock exchange is expected to be the first Japanese exchange to trade digital securities using blockchain technology. Go to Source Powered by WPeMatico