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PayPal Co-Founder Peter Thiel Injects $30 Million into Crypto Firm BlockFi to Improve Cash Flow and Expand Product Lines

PayPal Co-Founder Peter Thiel Injects $30 Million into Crypto Firm BlockFi to Improve Cash Flow and Expand Product Lines

The series B offering was led by Valar Ventures, which is a venture capital company backed by PayPal co-founder Peter Theil. Other investors in the offering round included Winklevoss Capital, Avon Ventures, Morgan Creek Digital, CMT Digital, PJC, and Akuna Capital. New investors included Purple Arch Ventures, Arrington XRP Capital, Kenetic Capital, HashKey Capital, and Castle Island Ventures.

Morgan Stanley Becomes First US Bank to Offer Bitcoin Funds to Its Clients

Morgan Stanley Becomes First US Bank to Offer Bitcoin Funds to Its Clients

Morgan Stanley is offering its clients access to Bitcoin (BTC) investments.

Anthony Pompliano Says Bitcoin Price Correction Indicates BTC has Moved from Weak to Strong Hands

Anthony Pompliano Says Bitcoin Price Correction Indicates BTC has Moved from Weak to Strong Hands

Bitcoin's current price correction has been noted by Anthony Pompliano as an indication that BTC has been moving from weak hands to strong hands.

Bitcoin Halving and Money Printing is BTC’s Rocket Fuel, Says Anthony Pompliano

Bitcoin Halving and Money Printing is BTC’s Rocket Fuel, Says Anthony Pompliano

Bitcoin halving and historic money printing are the rocket fuel propelling BTC's price upwards, according to Anthony Pompliano.

WeBank Blockchain Patents Filings Rank Third Highest Globally for 2019

WeBank Blockchain Patents Filings Rank Third Highest Globally for 2019

China’s WeBank is leading the global banking community in banking technology patents jumping ahead of US giants JP Morgan Chase and Bank of America with 632 filed patents in 2019.

Crypto Leaders Discuss Libra, China's CBDC and a Cashless Future at the Singapore Fintech Festival

Crypto Leaders Discuss Libra, China's CBDC and a Cashless Future at the Singapore Fintech Festival

A noteworthy panel followed on the topic of “defining the future of digital currency,” joined by Christian Catalini, co-creator of Libra and Head Economist of Calibra, Mu Changchun, Director-General of the Digital Currency Institute of the People’s Bank of China, HE Serey Chea, from the National Bank of Cambodia and Umar Farooq, Head of Blockchain at J.P. Morgan Chase & Co.

Crypto Bull Anthony Pompliano Reveals That 80% of His Wealth Is Bitcoin

Crypto Bull Anthony Pompliano Reveals That 80% of His Wealth Is Bitcoin

Anthony "Pomp" Pompliano, the co-founder of Morgan Creek Digital and host of the Pomp podcast show, disclosed that 80% of his wealth was allocated to Bitcoin.

JP Morgan Looking to Merge its Blockchain Unit Quorum with ConsenSys

JP Morgan Looking to Merge its Blockchain Unit Quorum with ConsenSys

JP Morgan Chase & Co has been reportedly in talks with blockchain startup ConsenSys, to merge the former’s blockchain unit, Quorum with the startup.

JPMorgan, UBS, and Goldman Sachs Back Polkadot (DOT) with an ETP Investment

JPMorgan, UBS, and Goldman Sachs Back Polkadot (DOT) with an ETP Investment

As institutional investors enter the cryptocurrency scene, investor appetite may not be limited to Bitcoin and Ethereum.

JP Morgan Chase Approves Major Crypto Exchange Clients Coinbase and Gemini

JP Morgan Chase Approves Major Crypto Exchange Clients Coinbase and Gemini

JPMorgan Chase, the largest bank in the United States, has set the ball rolling by accepting crypto exchanges Gemini and Coinbase as banking customers. This is a sign that Bitcoin and other cryptocurrencies are being embraced in the American financial landscape and Wall Street. The bank gave Coinbase and Gemini accounts the green light in April, and transactions are just kick-starting. Reportedly, JPMorgan Chase is offering cash-management services to the exchanges, as well as dealing with dollar-based transactions for their US-based clients.

Singapore’s Central Bank and JP Morgan Build a Blockchain System for Multi-currency Cross-Border Payments

Singapore’s Central Bank and JP Morgan Build a Blockchain System for Multi-currency Cross-Border Payments

Blockchain has been making headlines for quite some time now and banks have been widely talking about distributed ledger technology. Several financial institutions and banks have set up innovation labs to carry out proof of concepts so that to explore modern-day technology. A few days ago, Singapore’s Central Banks and JPMorgan announced that they are working on a blockchain pilot system, which is identified to have the potential to initiate multi-currency cross-border payments.

JP Morgan Research: Blockchain Mainstream Years Away, Libra's Hurdles and Bitcoin Hedging

JP Morgan Research: Blockchain Mainstream Years Away, Libra's Hurdles and Bitcoin Hedging

JP Morgan has been one the earliest advocates and adopters of blockchain technology among the major financial institutions and continues to lead many other enterprises in the space. However, a new report by the American institution indicates that while the infrastructure for a digital economy is being developed globally, mainstream adoption is unlikely for at least a few years.

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