As bitcoin prices have exploded upward throughout the beginning of this year, many traditional financial institutions have been forced to one conclusion: cryptocurrency is here to stay. Even if your institution doesn’t plan to deal directly in the space, the need to be knowledgeable about it is becoming an increasing imperative. But it’s a complicated subject – a crowded … [Read more...] about Banks Increasingly Need Crypto Literacy
cryptocurrency
Crypto’s Regulatory Imperative
For many FinTechs, particularly those operating in cutting-edge spaces like blockchain and cryptocurrency, regulation has often been seen as a dirty word; something that can only shackle innovation. But lack of regulation in the blockchain and crypto space has often served as a greater restriction than most actual laws can be, creating an air of uncertainty for companies … [Read more...] about Crypto’s Regulatory Imperative
New Charter Law Could Make Illinois a Crypto Leader
Illinois FinTechs may soon have a new opportunity to provide safekeeping of digital assets such as cryptocurrencies, in a move that would make the state only the second in the nation to offer this authority to applying companies. A new charter for these “special purpose trust” companies got one step closer to passage through the state legislature Tuesday, with the Illinois … [Read more...] about New Charter Law Could Make Illinois a Crypto Leader
Blockchain Adoption Accelerates Across Finance
Adoption of blockchain technology continues to accelerate into 2021, driven in part by cryptocurrencies like bitcoin, but increasingly by investments across a wide range of financial services for a variety of use cases. According to the recently released Blockchain Technology Market Size report from Grandview Research, the blockchain market was valued at $3.67 billion for … [Read more...] about Blockchain Adoption Accelerates Across Finance
Bitcoin Gains Increasing Credibility
Bitcoin's captured media attention ever since its introduction a decade ago, and it's here again - setting new record prices multiple times over the past year, it's set for yet another rise following major investments in recent weeks. Bitcoin's rapid rises - and sometimes equally-rapid falls - are nothing new on their face, but this institutional attention is something that … [Read more...] about Bitcoin Gains Increasing Credibility
Bitcoin Rises―Again
Bitcoin is rising―up over 5% on Friday. The asset's rise since again. That may not be the case by the time you read you read this, but the rise over the last three months has again sparked institutional investor interest in what's become an alternative asset. We talked to Peter Stern, director of sales at CF Benchmarks, a bitcoin index provider, at the February meeting of the … [Read more...] about Bitcoin Rises―Again