Cryptocurrency Analysis and News Portal
The CEO of Ripple recently suggested that Wells Fargo did not receive the ‘FTX treatment’ despite exploiting its customers. Ripple CEO Brad Garlinghouse recently likened the recent Wells Fargo fund management fiasco to the collapse of FTX. However, Garlinghouse disapproved of what he perceived as a hypocritical reaction to Wells Fargo’s case. According to the Ripple CEO, the
Read More
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a
Read More
Wells Fargo skips the neutral rating, downgrading Silvergate to underweight from overweight. Source
Read More
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a
Read More
Companies such as JPMorgan (JPM), PayPal (PYPL), Block (SQ), Tesla (TSLA), Mass Mutual (MCI), CME Group (CME), ICE (ICE), Fidelity and Northern Trust (NTRS) have all began to embrace the concept of crypto, and some pension and mutual funds are allocating capital to the asset class, it added. Original Source
Read More
Crypto trading engineering firm Talos has raised $105 million in Series B funding led by U.S. financial services giants Citi, Wells Fargo and BNY Mellon among the new investors. Source
Read More
Canadian oil and gas company Bengal Energy, is dipping its toes into Bitcoin (BTC) mining as a way of utilizing the untapped energy from its gas wells in the far reaches of the Australian outback. According to a report from The Australian, Bengal Energy is set to conduct a pilot program
Read More
Wells Fargo Investment Institute, the research division of Wells Fargo Wealth and Investment Management, has released a report highlighting the potential of cryptocurrencies as an investment opportunity akin to the early days of the internet. In a Monday report titled, "Cryptocurrencies — Too early or too late?" the banking giant referred to cryptocurrencies
Read More
Wells Fargo has partnered with HSBC to use its blockchain tools for the settlement of bilateral foreign exchange (FX) transactions.Wells Fargo would use the HSBC-developed FX Everywhere platform for interbank FX transactions. Developed by HSBC in 2018, the blockchain settlement platform is primarily used to settle transactions between banks within
Read More
Wells Fargo and HSBC Bank said on Monday that they will use a blockchain-based product for settling matched foreign exchange transactions.The two banking giants agreed to use a shared settlement ledger to process U.S. dollar, Canadian dollar, pound and euro transactions, with plans to expand the process to other currencies
Read More