JPMorgan Chase, a major investment bank, received a massive 1.89 billion data requests from financial technology (fintech) companies in June alone. This huge volume is causing serious problems for the bank’s systems. Overwhelmed Systems An internal memo revealed that only 13% of these requests were directly from customers for transactions. The rest came from fintech…
A little-known cryptocurrency, BankrCoin (BNKR), is experiencing a massive price surge after Coinbase announced it would list the token. Coinbase Adds BankrCoin Coinbase, a major US cryptocurrency exchange, revealed on X (formerly Twitter) that it will add support for BNKR. Trading is slated to begin on July 30th, 2025, pending sufficient liquidity. The announcement triggered…
South Korea’s central bank, the Bank of Korea (BOK), is making a big move into crypto regulation. They’re not just researching anymore; they’re taking action. A New Crypto Lab is Born The BOK has created a brand new “digital currency lab” unit within its Financial Settlement Bureau. This team will focus on digital tokens, especially…
MicroStrategy just made a huge Bitcoin purchase – its biggest in eight months! This latest move shows they’re still heavily invested in the cryptocurrency. The Details of the Purchase Chairman Michael Saylor announced on X (formerly Twitter) that the company bought 21,021 Bitcoin at an average price of $117,256 per coin. That’s a total investment…
Trump’s surprise visit to the Federal Reserve (Fed) hinted at a potential shift in US interest rate policy. While there, he chatted with Fed Chair Jerome Powell. A Surprisingly Civil Meeting Trump voiced concerns about the Fed’s expensive renovation project (a whopping $25 billion!), but his main focus was getting interest rates lowered. He claimed…
Marti, a major Turkish ride-hailing company, is making waves by allocating 20% of its reserve funds to cryptocurrency, starting with Bitcoin. This bold move is a direct response to Turkey’s high inflation rates, which are eroding the value of the Turkish Lira. Hedging Against Inflation The company’s CEO, Oguz Oktem, explained that this strategy is…
VeraNet has launched a new platform that puts users in charge of their AI experience. It’s designed to give individuals, developers, and businesses easy access to AI tools without sacrificing data privacy. How VeraNet Works VeraNet uses a clever mix of on-chain and off-chain processes. The core AI logic runs on the blockchain, making everything…
Robert Kiyosaki, the author of Rich Dad Poor Dad, is warning of a potential US economic collapse, similar to the Great Depression of 1929. He’s urging caution for those invested in stocks and bonds. A Looming Depression? Kiyosaki blasted US fiscal policies on X (formerly Twitter), calling America the “world’s biggest debtor nation.” He believes…
Bitwise’s CIO, Matt Hougan, predicts a massive influx of institutional money into altcoins, following the success of Bitcoin ETFs. He believes now is the prime time to buy altcoins before prices skyrocket. Let’s dive into three promising altcoins. Bitcoin’s Next Big Thing: The Altcoin Rush Hougan, in a recent interview, stated that institutional investors are…
Matt Hougan, the chief investment officer at Bitwise Asset Management, believes traditional finance (TradFi) is diving headfirst into the crypto market. He’s seeing a major shift in investment strategies. From Bitcoin to Beyond Hougan explains that after massive gains in Bitcoin ETFs, TradFi firms aren’t just sitting on their profits. They’re actively seeking higher returns…
