The OCC launched a project to identify ways to improve financial inclusion and remove barriers to credit access. The Office of the Comptroller of the Currency, or OCC, launched a project aimed to improve financial inclusion of underserved populations. Called REACh, which stands for Roundtable for Economic Access and Change, will bring together banking industry […]
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Wells Fargo warned that stocks could sell-off after an amazing recovery, meaning Bitcoin price is also possibly at risk of a sharp correction. Wells Fargo anticipates U.S. corporate pensions will move $35 billion into fixed income. Analysts believe this may cause a sharp sell-off in the stock market and given the correlation between Bitcoin and […]
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Crypto has turned from an inevitable future to our happening present, and stablecoins may become the industry’s cornerstone. Major financial institutions love certainty, and that will help the crypto community immensely. Let’s get down to basics: A stablecoin is a type of digital asset designed to solve the problem of the hypervolatility of cryptocurrencies. This […]
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Serial entrepreneur Jenny Ta has launched a crypto-powered social media network and marketplace platform that promises it won’t sell users’ data. CoinLinked, a social media network and marketplace platform founded by Wall Street veteran Jenny Q. Ta, launched on May 7. The platform will feature a utility token that rewards users for activity on the […]
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Crypto investors have long believed that institutional investors would lead to the next Bitcoin moon event but this is a false narrative built on nothing more than hope. For the past two years, crypto-media outlets and Bitcoin (BTC) advocates have placed heavy emphasis on the need for institutional investors to embrace the cryptocurrency sector. The […]
Continue ReadingTop U.S. banks JPMorgan Chase and Goldman Sachs could be talking their clients out of crypto, according to a wealth manager. JPMorgan Chase and Goldman Sachs are advising their clients against Bitcoin (BTC), according to one American wealth manager. Adam Pokornicky, chief operating officer at Digital Asset Investment Management (DAIM), a U.S.-registered investment advisor for […]
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Traditional finances could be dramatically changed in the near future, and central bank-issued digital currency is the first step. Once a niche enthusiasm with the launch of Bitcoin (BTC), digital money powered by blockchain technology has matured rapidly in just a few short years. The market is now highly diverse. For example, audited stablecoins, along […]
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Losses in the traditional banking system during the global pandemic, while crypto could act much better: Here’s why. Payments of $1,200 from the CARES Act to Americans in need have begun to go out to those who authorized the Internal Revenue Service to make direct deposits into their bank accounts. However, the money may never […]
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Crypto mining firm Riot Blockchain has been sued to pay $728,200 to cover an investor’s legal costs from separate security regulation violation lawsuits. An investor sued Nasdaq-listed cryptocurrency mining firm Riot Blockchain for $728,200 that the investor owes in another contract breach lawsuit. According to court documents filed on April 3, the aforementioned sum is […]
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The victims of an alleged $35 million crypto Ponzi are suing Wells Fargo for failing to enforce reporting requirements on an employee accused of co-masterminding the scam. Q3 Investment Recovery Vehicle (Q3IRV), an entity representing the more than 100 victims of the alleged $35 million Q3 Ponzi scheme, has filed a class-action lawsuit against Wells […]
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