# Paxos seeks approval to become fully-regulated crypto bank

# Paxos seeks approval to become fully-regulated crypto bank

“# Paxos seeks approval to become fully-regulated crypto bank ” Stablecoin creator and crypto services provider Paxos filed an application to open a national bank on Wednesday. If approved, the pioneering Paxos General Trust will be headquartered in New York, licensed to hold cryptocurrencies and execute the duties of a regular trust bank. According to…

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# Today’s clients demand that banks show cybersecurity chops, says JPMorgan leader

# Today’s clients demand that banks show cybersecurity chops, says JPMorgan leader

“# Today’s clients demand that banks show cybersecurity chops, says JPMorgan leader ” As internet banking comes of age, so too do new ways of stealing funds. That makes cybersecurity central to modern banking, according to David Leach, JPMorgan Chase’s Asia-Pacific head of cybersecurity and technology controls. “It’s a competitive disadvantage not to have a…

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# Standard Chartered to launch institutional-grade crypto custody in 2021

# Standard Chartered to launch institutional-grade crypto custody in 2021

“# Standard Chartered to launch institutional-grade crypto custody in 2021 ” Standard Chartered, one of the biggest banks in the United Kingdom, has officially announced plans to provide institutional custody for major cryptocurrencies like Bitcoin (BTC). According to a Dec. 9 announcement, Standard Chartered’s innovation arm SC Ventures has partnered with United States-based investment management…

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# JPMorgan exec: Softer stance on Bitcoin but we’ve always been pro-blockchain

# JPMorgan exec: Softer stance on Bitcoin but we’ve always been pro-blockchain

“# JPMorgan exec: Softer stance on Bitcoin but we’ve always been pro-blockchain ” Contrary to public perception, JPMorgan Chase has always been pro-blockchain, says the multinational investment bank’s head of wholesale payments, Takis Georgakopoulos. In a live discussion with Nasdaq reporter Jill Malandrino at this year’s Blockshow in Singapore, Georgakopoulos said JPMorgan has always viewed…

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# Wells Fargo report labels Bitcoin as speculative investment

# Wells Fargo report labels Bitcoin as speculative investment

“# Wells Fargo report labels Bitcoin as speculative investment ” San Francisco-based bank Wells Fargo has released a report identifying Bitcoin as the best performing asset of 2020, while also highlighting the coin’s volatility for investors. In an investment strategy report released yesterday, the banking giant noted that Bitcoin (BTC) is up 170% this year…

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# Bitcoin’s market cap will flip gold: Winklevoss twins

# Bitcoin’s market cap will flip gold: Winklevoss twins

“# Bitcoin’s market cap will flip gold: Winklevoss twins ” Speaking during the Singapore Fintech Festival 2020 on Dec. 7, pioneering Bitcoin investors Cameron and Tyler Winklevoss reaffirmed previous forecasts that Bitcoin’s (BTC) price will eventually exceed prices of $500,000 per Bitcoin. The twins noted that their $500,000 prediction is predicated on the assumption that…

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