News Topic: bitcoin

Digital money will have to coexist with cash and other forms of tender, according to a report by the Bank of International Settlements, the Federal Reserve and other institutions. ... Read full article

In July, the OCC issued a letter clarifying that federally chartered banks can store cryptocurrency assets for their clients. A recent global survey finds that many are wary of the risks. ... Read full article

Employees in the financial industry and public sector are considerably more worried about the risks posed by digital currency than those in the cryptocurrency field, a new survey finds. ... Read full article

The company, which left New York in 2015 to avoid its regulations on virtual currencies, has found a more welcoming state. ... Read full article

Caitlin Long, a former Morgan Stanley and Credit Suisse managing director, is starting a special-purpose depository institution that will provide payment and custody services to institutional investors and corporate treasurers. ... Read full article

Crypto provides a new tool for underbanked consumers, Marc Grens of DigitalMint writes. ... Read full article

Government stimulus programs are buoying consumers hurt by the coronavirus shutdown; the bank has been forced to sell loans to stay within the Fed-imposed $1.95 trillion asset cap. ... Read full article

The disease could lead to less lending business and more loan defaults; Sergio Ermotti will join the insurance company as chairman in 2021. ... Read full article

The Treasury secretary’s recent Senate testimony coming down on cryptocurrencies is misguided. Regulations should require building better blockchain technology at the banks. ... Read full article

The Treasury secretary's statements are a sign that government agencies are still in the early stages of understanding this fundamentally new technology. ... Read full article

The BofA CEO’s $26.5 million salary was about the same as in 2018; investors hoping for quick riches still fall for cryptocurrency-based Ponzi schemes. ... Read full article

Criminals are filling the void left by lax U.S. regulation of cryptocurrencies. ... Read full article

The country’s banks plan to raise overdraft rates to 40%, which has regulator watching; starting this year pay increases won’t be retroactive to Jan. 1. ... Read full article

JPM, Citi shrug off low rates as strong economy propels profits; digital currencies start year with gains as optimism about its future grows. ... Read full article

A seasoned investor in startups offers his top predictions for the coming decade. Among them: Big tech firms will become big players in financial services. ... Read full article

The largest digital token has posted gains of more than 9,000,000% since July 2010, according to data compiled by Bloomberg. ... Read full article

The bank sees digital assets as part of the future and "we want to be there when this happens," says Ralph Achkar, head of digital product development and innovation. ... Read full article

The bank may extend advisory service to clients with as little as $5,000 to invest; trading of the cryptocurrency has plunged. ... Read full article