The European Commission Concerned About Libra’s Potential Monopoly

The European Commission’s antitrust arm is investigating whether Libra will be an anticompetitive enterprise. Antitrust regulators at the European Commission, the executive branch of the European Union, have sent out a questionnaire to determine whether Facebook’s proposed stablecoin Libra is an anticompetitive project. Bloomberg learned of the news via a private document, per a report […]

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Bank of America CTO Catherine Bessant: We Haven’t Found a Blockchain Use Case in Finance

Catherine Bessant admitted that the institution has yet to find blockchain use cases for the financial services sector. Catherine Bessant, chief technology officer at Bank of America, admitted that the institution has yet to find blockchain use cases for the financial services sector. Bessant made her comments during an interview with Bloomberg published on May […]

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Goldman Sachs and Galaxy Digital’s Mike Novogratz Invest $15 Million in Crypto Custody Firm

U.S. crypto wallet and blockchain security firm BitGo gets $15 million from banking giant Goldman Sachs and Galaxy Digital’s Mike Novogratz. U.S. banking giant Goldman Sachs and its former partner Mike Novogratz, now CEO of crypto investment firm Galaxy Digital, have recently invested in U.S. crypto custody service BitGo, Bloomberg reports Wednesday, Oct. 18. In […]

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