Citigroup, JPMorgan Chase, Goldman Sachs and Japan’s SBI Group have emerged as the most active players in traditional finance backing blockchain startups, according to a new report by Ripple in partnership with CB Insights and the UK Centre for Blockchain Technologies. Between 2020 and 2024, global banks participated in 345 investments in blockchain companies, most
The Bank of Botswana is in the early stages of a feasibility study to evaluate whether to introduce a central bank digital currency (CBDC). According to Ruth Baitshepi, head of the digitalization and innovation hub, the study aims to assess both the necessity of a CBDC and the potential risks digital assets pose to the
Traditional banks have invested more than $100 billion in blockchain since 2020, according to a recent Ripple-backed report claiming digital assets are going mainstream. That figure comes from “Banking on Digital Assets,” a joint study by Ripple, CB Insights and the UK Centre for Blockchain Technologies (UK CBT), which analyzed more than 10,000 blockchain deals
Famous cryptocurrency analyst Alex Krüger, in his comprehensive statement evaluating the recent market movements, said that the decline was similar to the sharp pullback experienced in August of last year. According to Krüger, this sharp market correction was shaped by a combination of macroeconomic developments and negative crypto-specific news flow. Krüger recalled the August 2024
X-user WrathofKahneman, who closely follows Ripple’s activities and is well-known in the cryptocurrency community, shared the first public part of an important application made by the company to the US Office of the Comptroller of the Currency (OCC). According to the disclosures, Ripple has applied for a license to establish a limited-purpose national trust bank.
COIN plunged 17% on Friday, just a day after Coinbase posted mostly disappointing earnings results. But investors shouldn’t rush to sell shares of the company’s stock just yet, according to several analysts. The U.S. crypto exchange’s shares could gain ground again as it closes several strategic partnerships and acquisitions that stand to broaden its customer
Story Highlights FED holds rates, but rising jobless data pushes 80% chance of a September cut. Crypto crashes as FED delay sparks $490M in liquidations. CPI data may seal the deal for a FED cut and crypto rebound. Despite former President Donald Trump’s repeated calls for lower interest rates, the U.S. Federal Reserve held rates
Story Highlights Stablecoin activity is still limited to crypto trading or being used as a store of value while Visa and Mastercard offer wide acceptance. Stablecoin lack fraud protection but the cards offer high protection measures. Stablecoins are gaining traction, but are they ready to challenge payment giants like Visa and Mastercard? Visa and Mastercard
The Senator was speaking during the discussion of a recently introduced bill that would allow the President to appoint the Federal Reserve Inspector General. Cynthia Lummis Rips Federal Reserve Over Lack of Transparency Wyoming Senator Cynthia Lummis, also known as the “Crypto Queen,” delivered a blistering rebuke of the U.S. Federal Reserve on Friday, calling
ARK Invest has seized the recent stock market dip to boost its stakes in major US crypto exchange Coinbase and Bitcoin miner BitMine Immersion Technologies. The Cathie Wood-led firm added a total of 94,678 shares of Coinbase (COIN) across three of its funds, including the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW)