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
Elon Musk, the richest person on the planet, is seemingly concerned about the security of Bitcoin’s cryptographic security. He recently took on X to ask Grok, the artificial intelligence chatbot embedded in the social media network, to estimate the probability of Bitcoin’s SHA-256 hashing algorithm getting cracked by quantum computing. This came in response to
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
Bitcoin is trading at $113,924 to $114,016 over the past hour as of Aug. 3, 2025, with a market capitalization of $2.26 trillion and a 24-hour trading volume of $32.42 billion. The cryptocurrency has seen an intraday range of $112,113 to $113,981, underscoring ongoing volatility and cautious sentiment among traders. Bitcoin From the daily chart,
As global markets hit the skids this week and forced liquidations and margin calls wipe out more levered longs, prominent traders are repositioning accordingly. New tariffs announced by the Trump administration and a sharply weaker U.S. jobs report caused anxiety in global markets; the S&P 500 lost 1.6% in a day, and Bitcoin, true to
Cryptocurrency analyst Seán Murray has made a sweeping claim that Jack Dorsey, founder of social media platform Twitter, could be Satoshi Nakamoto, the mysterious founder of Bitcoin. Murray stated that he supports this theory based on many details, from technical background to personal connections. According to Murray, Bitcoin’s source code, written in C++, is noteworthy
Professor Andrew Urquhart is Professor of Finance and Financial Technology and Head of the Department of Finance at Birmingham Business School (BBS). This is the eighth installment of the Professor Coin column, in which I bring important insights from published academic literature on cryptocurrencies to the Decrypt readership. In this article, I discuss what gives
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.