Sumitomo Mitsui Trust, one of Japan’s leading banking institutions, will enter the cryptocurrency custody business. The company announced that it will launch a company in partnership with Tokyo-based exchange Bitbank. Being 15% owned by Sumitomo Mitsui Trust and 85% by Bitbank, the company was named
Traditional banks are hiring services that allow you to track your bitcoins and investing in on-chain analytics technology. There is a very fine line between the benefits and harms of the ease of tracking your bitcoins through technologies that use on-chain analytics to monitor the
The Central Bank of Russia emphasized the importance of moving forward with its digital ruble project. According to a statement by a representative, the Russian monetary authority has no intention of delaying the tests, although not all invited banks are ready to participate. The Central
Jamie Dimon, CEO of investment bank giant JPMorgan, praised blockchain technology and Decentralized Finance (or DeFi, for short) in a letter sent to shareholders on Monday (4). “Decentralized finance and blockchain are real, new technologies that can be implemented both publicly and privately, licensed or
In the midst of the war with Ukraine, Russia has been moving forward to enable the use of cryptocurrencies in the country, as a way to circumvent the sanctions imposed against the Russian financial sector. This Thursday (17), the Russian central bank granted one of
Strategists at Wall Street investment bank JPMorgan have updated what they consider a “fair value” price for Bitcoin to $150,000. According to JPMorgan Chase strategists team led by Nikolaos Panigirtzoglou, Bitcoin’s “fair value” should be 12% lower than its actual price. In their opinion, the
Although bitcoiners promote cryptocurrency as anti-inflationary “digital gold”, Bank of America (or BofA) claims that this is not the case. A recent company report indicates that the crypto asset moves much more similarly to risky assets such as stocks, and reached record correlations with the
The American investment bank Goldman Sachs closed 2021 with a net profit of $21,635 billion, which represents a record figure for the entity’s profits and means multiplying the profit of the previous year by 2.3, as can be seen from the annual accounts published by
One of the largest banks in the world, Goldman Sachs estimates that Bitcoin may continue to take a part of the gold as a reserve of value asset and thus reach $100,000 a unit. According to a Bloomberg report, the bank estimates that the market
On January 3, 2009 the Bitcoin blockchain saw its ‘genesis block‘ with a protest message: “The Times 03/Jan/2009 Chancellor on the brink of a second bank bailout”. It was the headline of an article in The Times newspaper, which reported that the government was considering