Cryptocurrencies such as Bitcoin and Ethereum have been both lauded and criticized recently. However, the one thing everyone can agree on is that the technology behind these cryptocurrencies, called “blockchain,” …
Money
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Russia will likely move forward to oversee the issuance and circulation of cryptocurrencies in the country after President Vladimir Putin made the decision during a meeting with top officials earlier …
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A new financial technology, or “fintech,” survey from Blumberg Capital, an early-stage venture capital firm in San Francisco, found big banks can leverage existing customer loyalty to introduce new technologies …
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In another sign of an impending burst of the bubble economy, the International Monetary Fund (IMF) has warned of an increasing amount of financial leverage outside the banking system. Total …
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Toronto-based Royal Bank of Canada is reportedly tinkering around with distributed ledger technology (DLT) to see if it can facilitate cross-border payment transfers with its branches in the United States. …
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US bank regulators such as the Office of the Comptroller of the Currency are open to considering whether cryptocurrency-oriented financial technology companies – fintechs – should be permitted into the …
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After JPMorgan CEO Jamie Dimon came out swinging against Bitcoin, calling it a “fraud” for not being backed by a legal tender, several Bitcoin investors refuted him. Perhaps one of …
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Money
Governments Will Shut Down Bitcoin and Other Cryptocurrencies, Warns Jamie Dimon
by Alex McGeeby Alex McGeeJamie Dimon, the CEO of JPMorgan, has been extremely critical of Bitcoin and other cryptocurrencies. In early September he called Bitcoin a “fraud,” and stated that JPMorgan would fire any …
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You’re looking over your credit card statement and you see hundreds of dollars of charges that don’t look familiar at all. If that’s ever happened to you, you may be …
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Most Americans are in poor financial shape. In fact, 44% of American adults say that they could not pay for an unexpected $400 expense, or would have to resort to …