Bitcoin and Ethereum slide after JPMorgan Chase boss slams cryptocurrencies as “fraud” September 13, 2017 JPMorgan Chase chief executive Jamie Dimon slammed cryptocurrencies as a “fraud” last night, pushing the already slipping value of Bitcoin down another notch. Bitcoin was down almost four per cent today at $3,985.03 (£2,994.49), while Ethereum dropped 4.81 per cent to $279.55. Dimon said he would fire an employee who traded in cryptocurrencies for being [...]
Bitcoin just broke past the $6,000 mark after reports China is rolling back on cryptocurrency ban October 20, 2017 Bitcoin has surged past the $6,000 mark. A tweet by Swiss blogger @Russian_Market attributed the increase to the fact that China has published no further ban on the cryptocurrency. Bitcoin is surging after no further ban published in China— Russian Market (@russian_market) October 20, 2017 The news comes a month after China clamped down on [...]
Goldman Sachs shakes up top team as Solomon prepares to take the helm September 13, 2018 US bank Goldman Sachs has installed a new chief finance officer and new chief operating officer as incoming chief executive David Solomon prepares to take control. The bank named Stephen Scherr as its new finance boss, replacing Martin Chavez. Chavez, who has served as finance chief since May 2017, will return to the bank’s trading [...]
Goldman Sachs shakes up top team as Solomon prepares to take the helm September 13, 2018 US bank Goldman Sachs has installed a new chief finance officer and new chief operating officer as incoming chief executive David Solomon prepares to take control. The bank named Stephen Scherr as its new finance boss, replacing Martin Chavez. Chavez, who has served as finance chief since May 2017, will return to the bank’s trading [...]
Exploring the stablecoins based on gold September 25, 2018 The rise of Bitcoin has opened a plethora of new and exciting opportunities in cryptocurrency. The future of cryptocurrency may very well rely on the fusion between traditional stable stores of value such as gold and silver to eliminate volatility. A number of emerging projects allow investors the opportunity to participate in what is effectively [...]
Technology drives change: How blockchain made me take on the online payment space October 2, 2018 Micropayments are not a new concept – they’ve been tried before, but due to high transaction costs and poor usability, previous attempts to achieve mainstream adoption have been unsuccessful. For example, under the current banking infrastructure, payment service providers are charging base fees of 10-30p per transaction plus a percentage, making it very difficult to [...]
China is winning the race on cryptocurrency tech patents, despite having banned ICOs August 31, 2018 Chinese firms own more cryptocurrency patents than any other country in the world, despite initial coin offerings (ICOs) and cryptocurrency exchanges being banned there. China owns more than a quarter of the 437 granted and pending cryptocurrency patents currently in existence, according to data released today by Cipher and venture capital firm Beringea. Significantly, the state-owned Bank [...]
Crypto A.M. shines its spotlight on Coinweb November 6, 2018 2018, an evolutionary year for blockchain technology, has seen the growth of next generation blockchain projects all trying to solve issues of mass adoption surrounding usability, scalability and security. Projects focussed on mass adoption and ease of use are high on the agenda of developers and investors alike. Coinweb, founded in 2017, is building for [...]
Baroness Bitcoin of Arabia: Michelle Mone and Douglas Barrowman on their delve into the world of cryptocurrency September 6, 2017 Baroness Michelle Mone, and her billionaire property mogul partner Douglas Barrowman, this morning open the sale of two 40-storey residential towers spanning 2.4m square feet in Dubai. Building a huge complex in the Emirates isn’t itself remarkable – the Middle Eastern playground for the rich is peppered with luxury apartments, largely paid for in state-owned [...]
City A.M.’s Crypto Insider Interviews Aldo Lo Castro of AliasLab UK July 17, 2018 AliasLab has been a leader in electronic identity IT for more than 30 years, and is now majority owned by TeamSystem Group, Italy’s leading ERP & management software and training services company employing more than 2,000 with €315m of revenue. AliasLab designs, implements and manages complete software and hardware integrations, primarily in the fields of [...]