Blockchain projects may be getting a lot of hype, but new research from Deloitte reveals that the majority of those projects are abandoned within months of launching. Through an analysis of GitHub — the largest software collaboration platform in the world, boasting 68 million projects and...
The market for Nvidia chips — mostly valued among those who mine digital currencies like bitcoin or ethereum — seems to be in a bit of a down cycle these days. The firm’s revenue from crypto-related products is down by more than 50 percent in...
The president and COO of Cboe Global Markets, Chris Concannon, said the major futures exchanges are behind cryptocurrency, and that the company will move forward with launching exchange-traded funds focused on digital currency. Citing comments made during a conference call to discuss third-quarter results, Reuters...
Despite a recent $600 drop in bitcoin, Goldman Sachs believes that the digital currency will hit new records, according to news from CNBC. “The market has shown evidence of an impulsive rally since breaking above 6,044,” Sheba Jafari, vice president on the bank’s FICC Market...
Fed Governor Jerome “Jay” Powell, the favorite to be named the next head of the U.S. central bank, already has some strong opinions about bitcoin. President Donald Trump is expected to announce his pick for the next Federal Reserve chair this week. The current chair,...
Despite a heavy round of hype — for most financial services CIOs, the blockchain is not all that big or pressing a priority, according to Gartner’s latest survey of industry IT leaders. The blockchain, the technology that underpins bitcoin and most virtual currencies, has seen some...
Looks like the Securities and Exchange Commission (SEC) has had enough of the sudden run of celebrity-backed independent coin offerings, or ICOs. As of yesterday, it began officially warning them that by endorsing these currencies, they could be in violation of the law. As of...
R3 is building a cross-border payments solution inspired by blockchain, according to news from The American Banker. The company will be partnering with 22 member banks on the project, including U.S. Bank, TD Bank, Barclays, BBVA, CIBC, Commerzbank, DNB, HSBC, Intesa, KBC, KB Kookmin Bank, KEB Hana...
The use of Bitcoin as a form of payment has been banned in Vietnam, ZDNet reports. The country’s state bank ruled that all cryptocurrency, not just Bitcoin, was an invalid form of payment. The financial authority released a statement last week declaring cryptocurrency an illegal,...
