Bitcoin is ‘aspirational store of value’

Bitcoin is ‘aspirational store of value’

Bitcoin is an “aspirational store of value” and an “insurance policy” against an increasingly precarious financial system, according to a new report from Fidelity Digital Assets, an arm of Fidelity Investments, which holds over $8 trillion in assets. The report, Bitcoin Investment Thesis: An Aspirational Store of Value , says ...

Continue reading

Rock bottom interest rates are driving crypto boom

Rock bottom interest rates are driving crypto boom

After a period of time where it seemed like cryptocurrencies and all financial products with a bit of risk were being shelved in favor of low-risk products such as holding cash or government bonds (specifically the US dollar and Treasuries), the actions of the Federal Reserve and other central banks ...

Continue reading

Bitcoin is surging. Where will it go from here?

Bitcoin is surging. Where will it go from here?

Bitcoin, after a prolonged period of stability , has suddenly leaped higher – jumping over the closely-watched $10,000 per bitcoin level for the first time since June and surging toward $12,000, writes Forbes journalist Billy Bambrough. The bitcoin price has added some 20% over the last seven days, hitting highs ...

Continue reading

What BSN split means for China’s global reach

What BSN split means for China’s global reach

Launched in April 2020, China’s Blockchain Service Network was designed to serve as a hosting platform for small and medium-sized businesses as well as independent entrepreneurs alike, writes Cointelegraph journalist Shiraz Jagati. The network seeks to provide developers with a wide array of tools to devise various novel blockchain applications, ...

Continue reading

Visa explores blockchain and digital currency

Visa explores blockchain and digital currency

Financial services giant Visa has signaled its support of blockchain and digital currency. In a blog post , titled “Advancing our approach to digital currency,” Visa explores the different ways it can help legacy institutions integrate blockchain and digital currency, Coingeek reports . “We believe that digital currencies have the ...

Continue reading

Indian banks ‘want clear crypto regulations’

Indian banks ‘want clear crypto regulations’

In an interview on Friday, the head of research at Blockchain.com said Indian banks are interested in cryptocurrencies but are cautious about getting more deeply involved in the space because of ongoing regulatory uncertainty. Speaking to Data Quest, Garrick Hileman also hinted that Blockchain.com still does not have a payment ...

Continue reading

US banks can now offer crypto custody services

US banks can now offer crypto custody services

The Office of the Comptroller of the Currency (OCC) has decided to allow all nationally chartered American banks to provide custody services for cryptocurrencies. In a public letter dated July 22, Senior Deputy Comptroller and Senior Counsel Jonathan Gould wrote that any national bank can hold onto the unique cryptographic ...

Continue reading