News Topic: bitcoin

It’s been month after month of record-breaking, confounding growth for the cryptocurrency, accompanied by regular warnings from banks about bubble speculation. ... Read full article

Nobel Prize-winning economist Joseph Stiglitz said "bitcoin is successful only because of its potential for circumvention, lack of oversight." ... Read full article

Japan’s bitFlyer is expanding to the American market, even as U.S. banks remain wary of cryptocurrencies. ... Read full article

Bank ponders assisting customers trading digital currency futures; banks still face challenges despite a good third quarter. ... Read full article

Bitcoin’s eight-fold surge in value this year is forcing Wall Street banks to balance clients’ interest in speculating on the cryptocurrency with executives’ skepticism about its future. ... Read full article

The digital-currency startup, which markets software to banks, appears keen to signal that it wants to play by the rules. ... Read full article

The incident will fuel the debate on Wall Street over whether digital coins are secure enough to enter the mainstream of finance. ... Read full article

The startup is betting that a venture offering safe storage of digital assets will entice billions from banks and other institutional investors. ... Read full article

Michael Lewis calls it a "pump-and-dump" scheme. Liz Ann Sonders says it's "the next kale." Should clients invest in cryptocurrencies? ... Read full article

Mnuchin’s former business associate is likely to be sworn in next week; Mulvaney, as a congressman, called the CFPB a “joke” and co-sponsored a bill to kill it. ... Read full article

Brian Behlendorf, leader of the Linux Foundation's effort to establish standards for blockchain, likens the invention of cryptocurrencies to the moon launch and says banks, open-source developers and others are working to make the underlying ... Read full article

CFPB director’s departure gives President Trump the chance to revamp the agency; the bank regulator is reverting to its industry-friendly ways. ... Read full article

Departing chairman Martin Gruenberg says the financial system is still vulnerable to unforeseen shocks; bank offers ways for customers to avoid overdraft fees. ... Read full article

Bipartisan proposal would remove the SIFI label from more than two dozen banks; European regulator cautions investors on the risks as bitcoin price plunges. ... Read full article

When a coder locked $150 million of digital currency stored in Parity digital wallets last week, many bankers probably saw it as another reason to ignore cryptocurrencies. Instead they should recognize the business opportunity (key custody) that the ... Read full article

Company’s first earnings report since the data breach also discloses lots of suits and investigations; Senate bill also calls for one-year delay in corporate tax rate cut to 20%. ... Read full article

The speculation around bitcoin is the "very definition of a bubble," Credit Suisse Chief Executive Officer Tidjane Thiam said as the currency exceeded $7,000 for the first time. ... Read full article

CME Group plans to offer bitcoin futures contracts by yearend, a sign that financial institutions may be getting ready to trade financial products tied to digital currencies. ... Read full article