Crypto Miners Are ‘Literally Printing Money,’ Says Wall Street Firm DA Davidson

D.A. Davidson, the Wall Street investment banking and research firm, launched research coverage of bitcoin mining companies Core Scientific, Marathon Digital, Riot Blockchain and Hut 8 Mining with buy ratings for all the stocks. D.A. Davidson analyst Christopher Brendler sees a “huge opportunity” for the domestic miners, after bitcoin’s sustained rally and China’s sweeping crypto […]

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Wells Fargo Invests $5M in Startup Connecting Crypto Exchanges and Banks – CoinDesk

Banking giant Wells Fargo is backing blockchain forensics firm Elliptic. Announced Thursday, the fresh $5 million from Wells Fargo Strategic Capital (WFSC) brings Elliptic’s Series B up to a total of $28 million. The investment is partly geared toward a recently launched product that helps crypto exchanges win banking relationships, Elliptic said. The product, Elliptic […]

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JPMorgan May Merge Its Blockchain Project With Ethereum Studio Consensys: Report – CoinDesk

Banking giant JPMorgan Chase may soon merge its Quorum blockchain project with ConsenSys, the ethereum-focused software developer and investor. According to a Reuters report Tuesday citing “people familiar with the plans,” while the terms of the deal currently under discussion are still not set, the merger might happen within the next six months. Quorum was […]

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Rivals Signature Bank and Prime Trust Team up to Offer Instant Payments for Institutions – CoinDesk

Crypto banking competitors Prime Trust and Signature Bank have partnered in a bid to appeal to institutional clients. Signature announced Monday it would be linking its Signet payments platform to Prime Trust’s multi-asset settlement platform, creating a new service offering “real-time” settlements for digital asset trades. “Any Signature Bank commercial client participating on the Signet […]

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Santander Exec Claims Blockchain Success as Bank Redeems Ethereum-Issued Bond – CoinDesk

Spanish banking multinational Santander has redeemed a bond worth $20 million that it issued on the public ethereum blockchain in September. With the move, John Whelan, head of Digital Investment Banking at Santander and chairman of the Enterprise Ethereum Alliance, hailed the technology as a real-world solution for securities issuance. In a tweet posted Tuesday, […]

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Santander and BBVA to Join EU Blockchain Platform

Spanish banking giants Santander and BBVA are to join the EU Blockchain Platform in 2019. Read more Technology pieces here. Two of Spain’s largest banking groups, Banco Bilbao Vizcaya Argentaria (BBVA) and Banco Santander, are set to join the latest European blockchain platform according to an article published in Spanish economic newspaper Expansion. According to […]

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