Greeks run towards Bitcoin as Banks Shut Down The banks have closed their doors on the Grecians as its fate is still stuck in a limbo. Following the potential ‘Grexit’, people are now looking frantically at digital currencies if it is better than Euro. The largest Bitcoin exchange has…
Barclays in conjunction with a start-up is working on how to use underlying technology of bitcoins, BlockChain, in their day to day banking activities. As per Finextra, the bank has joined hands with a Swedish company, Safello, that was also a part of Fintech accelerator program in London to understand…
The standard recently reported about two financial institutions in Hong Kong that were inflicted with Bitcoin ransom crime. As per the information that has been made public, the Bank of China and the bank of East Asia were under attack that also led to some abnormalities in the functioning of…
When Bitcoin was launched initially, the Wall Street did not show any interest in its coming and going. There was no mention of Bitcoin in Wall Street Journal until 2011 and all this while the bitcoin enthusiasts and the financial community of Bitcoin was in a fix why they are…
Jamie Dimon, President and chairman of JP Morgan Chase bank says that their bank will be able to learn a lot from the disarrayed payment system like that of Bitcoin. Dimon, although was initially apprehensive of this digital currency, later sent a letter to all the shareholders of JP Morgan…
The technology behind digital currency bitcoin could have far-reaching implications and the potential to reshape the financial industry, according to a new report by the Bank of England (BoE). The reason for the BoE’s excitement? Virtual currencies – most notably bitcoin – have at their heart a publicly distributed ledger system called…
A new study suggests that many consumers remain cautious about the prospect of purchasing or using digital currency. The report was written by the Massachusetts Division of Banks (MDB) in conjunction with the Conference of State Bank Supervisors (CSBS), who canvassed more than 1,000 consumers with an online survey that focused…
