News
Companies linked to JPMorgan, Bank of America, Citigroup and Wells Fargo have discussed the possibility of jointly issuing a stablecoin, The Wall Street Journal reports.
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Wells Fargo News
Wells Fargo is a banking company that provides financial and insuring services in the United States, Canada and Puerto-Rico. Wells Fargo was founded by Henry Wells in 1852 and the main office of the company is currently headquartered in San Francisco. The company also provides the Well Fargo Online Banking service for managing finance via mobile devices. Wells Fargo’s Bitcoin and blockchain technologies involvement started in 2016, when Wells Fargo and an Australian bank signed an agreement on utilizing blockchain technology for a cotton shipment from the U.S. to China. It became the first shipment made with blockchain. However, in 2018, the company banned crypto purchases made with Wells Fargo’s issued cards.
- Markets News
A group of analysts say various data points support an XRP rally to $18,000 per coin. Cointelegraph takes a closer look at the data.
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While Chainlink retains a strong lead, Pyth’s rapid rise in total value secured hints at shifting dynamics in the oracle market.
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What’s behind the correction in the US stock market and how might it continue to negatively impact cryptocurrencies?
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Millennium Management, holding 27,263 BTC worth $1.69 billion, has allocated about 2.5% of its $67.7 billion in total assets under management to Bitcoin.
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The bank reported holding $143,111 worth of shares of the ProShares Bitcoin Strategy ETF, Grayscale Bitcoin Trust and Bitcoin Depot.
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Bitwise’s CIO Matt Hougan’s comments come as Bank of America’s Merrill Lynch and Wells Fargo reportedly started offering spot Bitcoin ETFs to its wealth clients.
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Banks stressed customer accounts “remain secure,” and balances will be updated as soon as the issue is resolved.
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A Redditor highlighted the recurring violations of regulations by banks, expressing their frustration at the relatively muted response from the SEC.
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Bitcoin has decoupled from stocks and continues to rise 10 years after the Cyprus banking crisis coincided with a BTC price boom.
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One of the biggest banks in America has once again paid a billion-dollar fine for the illegal treatment of its customers.
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Big banks continue to explore Bitcoin and cryptocurrency’s long-term value proposition after shunning the asset class for years.
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The firm's global investment strategy team said it wasn't too early to invest in crypto, but clearing regulatory roadblocks would likely create "higher quality investment options" in the future.
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Juniper research report says cost savings for banks using blockchain tech could grow by 3,300% by 2030.
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The platform gives crypto holders direct access to the mortgage investment market, which is currently controlled by banks and governments.
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