Bank Of America CTO Says They Didn’t Find Blockchain Use Case In The Financial Industry The Chief Technology Officer (CTO) of Bank of America (BoA), Catherine Bessant, explained that they were not able to find any use case for blockchain technology in the financial industry. She made these comments during an interview she had with Bloomberg on May 4. BoA Can’t Find Blockchain Use Cases During this conversation with Bloomberg, she explained that the technology has a lot of potential but they have to yet find them in the financial industry. About it, Catherine Bessant commented: “I believe that there are use cases that make sense today, we have yet to find them at scale in financial services. We’re experimenting heavily, we have more partners than any other financial institution in the blockchain space, but have yet to find something that makes a difference for our clients or our customers.” Although the claims that they believe in the potential of blockchain technology, she commented
Analysts are now noting that Ethereum’s ability to break above the key resistance level of $200 may be emblematic of a shifting short-term trend for ETH.
A hash-based accumulator called Utreexo could address one of Bitcoin’s scalability concerns.
The post Bitcoin’s Growing UTXO Problem and How Utreexo Can Help Solve It appeared first on Bitcoin Magazine.
Tracing China’s $3 billion crypto scam.
The post How the PlusToken Scam Absconded With Over 1 Percent of the Bitcoin Supply appeared first on Bitcoin Magazine.
iFinex claimed the NY AG lacked sufficient jurisdiction for an investigation into the company’s activities.
S&P 500 stock Estee Lauder is pricey, but there may be another way for investors to play retail and capitalize on strong consumers.
The New York State Supreme Court has ruled that Bitfinex is in the jurisdiction of the state’s Attorney General, allowing for a continuation of its investigation.
A department of the Israel Ministry of Finance is looking to drive fintech competition with industry teams and licensing help.
Staffers at CoinCorner, a British bitcoin trading venue and exchange founded in 2014, now receive part or all of their salaries in cryptocurrencies including bitcoin, ether, and XRP, via CoinCoiner Checkout, a crypto payments solution that eliminates the risks of price volatility for users, reports IOMToday on August 19, 2019. CoinCorner…
It is difficult to know whether more sophisticated crypto custody solutions are paving the way for institutional investors or vice versa.
The New York State Supreme Court has decided that it has jurisdiction to rule over the case between the New York Attorney General (NYAG) and iFinex, the parent company of cryptocurrency exchange Bitfinex. The decision now allows the NYAG to continue its investigation and demands the company to produce documents at the request of the …
Bitcoin’s recovery from its recent drop to lows of $9,500 signals that buyers are currently in control of it, but BTC may soon incur major volatility.
According to Jeremy Allaire, the price increases in Bitcoin since the beginning of the year were driven by more than just Chinese investors seeking to