Wall Street Firms Advise Clients Against Investing in Crypto, Says Wealth Manager

JPMorgan Chase and Goldman Sachs are advising their clients against Bitcoin (BTC), according to one American wealth manager.  Adam Pokornicky, chief operating officer at Digital Asset Investment Management (DAIM), a U.S.-registered investment advisor for digital assets, claimed that his firm almost lost a client due to the banks’ intervention. In an interview with Cointelegraph, Pokornicky …

$25M Blockchain Bill Fights COVID-19 with Strategic National Stockpile

U.S. Congressman Stephen Lynch of Massachusetts has introduced a bill to establish a blockchain network capable of overseeing the distribution of personal protection equipment, ventilators and other necessary medical equipment during the current pandemic. The April 23 bill, named the “Strategic National Stockpile [SNS] Enhancement and Transparency Act” or H.R. 6607, states that the National …

Ripple Co-founder Jed McCaleb Sold 54 Million XRP in April

Analyzing known wallets for Ripple co-founder Jed McCaleb shows he sold off at least 54 million XRP between April 1-30.  According to a May 2 report by TheCryptoAssociate based on data from McCaleb’s known addresses, the Ripple co-founder appears to be liquidating his supply of tokens on a regular basis. Data shows that the wallet …

Blockchain Enabled P2P Trust For First Time in History

To close out Virtual Blockchain Week, best-selling technology author and co-founder of the Blockchain Research Institute (BRI), Don Tapscott, delivered a presentation articulating what he describes as the shift from the internet of information to the internet of value. In his presentation titled ‘Blockchain Revolution: The State of The Union,’ Tapscott argued that blockchain comprises …

“Bitcoin is not a F*cking Systemic Hedge If You Hold Your Bitcoin at a Financial Institution”

CoinShares’ chief strategy officer Meltem Demirors shared her view on how the latest crisis in the oil market will impact the ever-changing narratives around Bitcoin.  Changing narratives  According to Demirors, the recent crash in oil prices is a watershed moment which will change forever the narratives in the investment world. As she points out, the …

OmiseGO’s Parent Company Changes Name to SYNQA

Asian fintech company Omise Holdings, now goes by the name SYNQA.  “Forging into 2020, this new corporate identity reinforces their position as a holding company with a portfolio of companies and as the go-to partner in Asia for all fintech and innovation matters,” an April 30 statement from SYNQA said.  OmiseGo conducted its ICO in 2017 Omise, …