The crypto-banning big banks are creating a negative impact on cross-border payments and transaction volume for Mastercard. According to a recent earnings call reported by Seeking Alpha, the restrictions on crypto-currency by mega-issuing banks including JPMorgan Chase, Bank of America, Bank of Montreal, Capital One and Citi has led to a decline in Mastercard’s cross-border … Read moreCrypto-Banning Banks Impact Mastercard Q1 Volume
Coinbase users outnumber Schwab According to its website, Coinbase has 13 mln users while the number of Schwab brokerage accounts stood at 10.6 mln as of the end of 2016. These numbers don’t paint a complete picture since the amount of assets controlled by Schwab exceeds those of Coinbase users. Nevertheless, the actual number of users indicates a massive … Read moreCoinbase vs Schwab – Who Has More Users?
CRYPTO20 is continuing to gain momentum as it passes $18 million for its autonomous cryptocurrency Index Fund. Over 6,500 contributors are part of the fund which, unlike competitors, is a finished product with live trading tools. CRYPTO20 originally raised $5 million in an oversubscribed pre-sale and the public token sale is currently running with over … Read moreCRYPTO20: A new era is dawning … for the first autonomous cryptocurrency index fund
“God Bless Bitcoin”…..or Not. Jamie Dimon (JPMorgan Chase CEO) is betting big on the technology behind ‘fraud’ bitcoin JPMorgan Chase said Monday it is launching a blockchain-based system with two other banks to reduce global payment transaction speeds “from weeks to hours.” On Friday, JPMorgan Chairman and CEO Jamie Dimon said he sees potential in blockchain, … Read moreAre bankers in denial OR is everyone else wrong?
First of a Series of Readers to Help Market Participants and Innovators Navigate the FinTech Landscape Washington, DC — The Commodity Futures Trading Commission’s LabCFTC today released, “A CFTC Primer on Virtual Currencies.” This primer is the first of a series that LabCFTC will release to provide fundamental, and essential, information about financial technology (FinTech) innovation. … Read moreVirtual Currency Primer Released by CFTC’s LabCFTC
Chase acquiring WePay to fully integrate payments into software used by millions of small businesses Chase will now provide software partners developer-friendly platform integration, instant client onboarding, and access to Chase’s network of 4 million small business clients NEW YORK–(BUSINESS WIRE) – JPMorgan Chase & Co. (NYSE: JPM) announced today its plan to acquire WePay … Read moreChase to acquire WePay