The cryptocurrency market continues to be a trending topic in the world of finance. However, the question remains; when will Wall Street banks begin crypto trading? The day is closer than we think, according to a former J.P. Morgan executive.
More and more top brass from traditional financial companies is joining cryptocurrency startups. The latest is an ex-CEO of Visa UK and Ireland.
The feds are contemplating the potential for regulations which would essentially erode one of the most popular aspects of cryptocurrency – its anonymity.
Circle, a startup payments company backed by Goldman Sachs, is set to launch a cryptocurrency with a value pegged to the U.S. dollar — similar to Tether (USDT) — after announcing a $110 million investment round dominated by cryptocurrency mining giant Bitmain.
DX.Exchange, a NASDAQ-powered cryptocurrency exchange platform is set to launch in June 2018. DX becomes the latest in a slew of crypto exchange services as the digital currency market continues to mature. The platform hopes to offer a robust ecosystem for OTC derivatives and crypto tokens.
As central banks explore the technology underlying that which threatens to undermine them, experts at Morgan Stanley have suggested that digital currencies could enable deeper negative interest rates during the impending financial crisis.