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Stories Tagged as

Cryptocurrency

BNY Mellon announces it will offer cryptocurrency services

by Justin Ho
Feb 12, 2021
Mainstream banks may offer a layer of legitimacy to cryptocurrency that is appealing to big institutional investors.
Storing cryptocurrency like Bitcoin hasn’t always been easy. People have to worry about hackers and keep track of passwords for their digital wallets.
Dan Kitwood/Getty Images
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Bigger investors are starting to take Bitcoin seriously

by David Brancaccio and Rose Conlon
Jan 15, 2021
More institutional investors believe Bitcoin is standing the test of time, says Jordi Visser of Weiss Multi-Strategy Advisers.
"That's what's changed this time — time and the quality of the investors," Jordi Visser, of Weiss Multi-Strategy Advisers, says about Bitcoin's development.
Ina Fassbender/AFP/Getty Images
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How the FDIC approaches cryptocurrencies

by Andie Corban and Molly Wood
Nov 5, 2019
Is it an asset or a security? Jelena McWilliams, head of the banking insurance agency, talks about balancing innovation and regulation.
FDIC chairman Jelena McWilliams talks with Treasury Secretary Steven Mnuchin about financial technology, or fintech, in April 2019 in Arlington, Virginia.
Chip Somodevilla/Getty Images
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Zuckerberg offers an olive branch on Libra

by Nancy Marshall-Genzer
Oct 23, 2019
The Facebook CEO is trying to woo lawmakers and regulators to approve his digital currency.
Facebook CEO Mark Zuckerberg testifies during a Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee joint hearing about Facebook in Washington, DC, in 2018.
Saul Loeb/AFP/Getty Images
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Another partner abandons Facebook's cryptocurrency

by Kimberly Adams
Oct 14, 2019
Travel firm Booking Holdings has pulled out of the Libra Association as companies involved in the digital currency face increased regulation.
Fabrice Coffrini/AFP/Getty Images
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Pushback may delay Facebook's digital currency plans

by Jack Stewart
Sep 30, 2019
Facebook has to convince regulators and potential users its currency plans are credible.
Facebook announced details about Libra, its planned digital currency, in June.
Fabrice Coffrini/AFP/Getty Images
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Facebook's Libra cryptocurrency betrays the company's true ambitions

by Molly Wood
Jun 26, 2019
Is it time to start asking: What is the functional difference between a company and a country?
In 2019, Facebook CEO Mark Zuckerberg influenced our discourse, our privacy, our ideas about speech — free or otherwise — and our spending habits.
Josh Edelson/AFP/Getty Images
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Sending money to another country is a lot easier than it used to be

by Andy Uhler
Jun 21, 2019
The remittances business is getting crowded, and customers have more options.
A sign advertises the money transfer service Western Union, often used to send remittances, in Berlin Germany.
Sean Gallup/Getty Images
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Facebook's crypto plan could disrupt remittance market

by Andy Uhler
Jun 19, 2019
Facebook says sending money over its network will cost next to nothing. Remittance companies will be watching closely.
Facebook is leaping into the world of cryptocurrency with its own digital money, designed to let people save, send or spend money as easily as firing off text messages.
BRENDAN SMIALOWSKI/AFP/Getty Images
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Facebook's new cryptocurrency prompts regulation concerns

by Justin Ho
Jun 18, 2019
Here's a look at some of the agencies that may police the digital currency.
Facebook CEO Mark Zuckerberg speaks during the annual F8 summit in San Jose, California, last year.
Josh Edelson/AFP/Getty Images
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