Cartoon: Join the Club
Many commentators believe that the tech giants (e.g., Facebook) are going to supplement banks, pointing out their plans to create new payment and token solutions (e.g., Facebook’s libra currency). Also likely, these companies are going to use their customer data and platform services to become banks themselves.
The post Cartoon: Join the Club appeared first on Bitcoin Magazine.
Related Posts
Bitcoin Mining Is Directly Impacting People’s Lives For The Better
In the early days of Bitcoin, very few people knew the global impact it would have. Some Africans are seeing the benefits from bitcoin mining.This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Marshall Long to talk about surviving the bear market…
Cashaa Hopes to Bridge Crypto and Traditional Finance
Cashaa is on a mission to bank the unbanked and wants to leverage Bitcoin to accomplish it. Bitcoin has long been touted as a way that anyone can “be your own bank.” But such promises can be misleading: Although bitcoin itself provides some opportunities for individuals and businesses to manage their own money in ways…
NYDIG: Bitcoin Is Coming To Hundreds Of U.S. Banks This Year
Customers of U.S. banks will soon be able to buy, hold and sell bitcoin through existing accounts, according to NYDIG.Institutional bitcoin solutions provider NYDIG has announced a partnership with leading fintech company Fidelity National Information (FIS) to bring bitcoin services to hundreds U.S. banks in the coming months. The partnership could allow countless customers to…
Bitcoin Surges Past $24,000 As U.S. Sees Major Banks Fail
The bitcoin price rocketing to $24,000 amidst the banking crisis is reflecting the world’s need for a sound money alternative.Bitcoin remained resilient in the face of a very hesitant market Monday morning, surging past $24,000. Despite fears that the cryptocurrency industry is being cut off from banking, bitcoin is outperforming the S&P 500, which, surprisingly,…
Understanding Bitcoin, the Demos: How to Become a Bitcoin Power User
The Understanding Bitcoin conference held in Malta from April 5 to April 7, 2019, was all about turning regular Bitcoin users into power users. Bitcoin hardware and software is often more configurable than people realize (or they do realize this but are unable to take advantage of it). Spread throughout the conference were 18 demos…
Bitcoin Price Tests Critical Support Levels
The realized price of bitcoin is around $24,000 and a lack of long-term holder capitulation means there is potentially more downside to come.The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis…
The Roadmap For Banks Adopting Bitcoin
U.S. banking regulators are exploring how traditional banks can hold bitcoin for various purposes.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.In a major announcement yesterday, news…
BTCC Announces the “Indefinite” Closure of Its Mining Pool
BTCC will be shutting down its mining pool by the end of the month. According to a recent notice made by the Hong Kong-based exchange, BTCC will deactivate its mining pool servers on November 15, 2018, and cease all operations entirely come November 30. Citing “business adjustments,” the notice was generally vague about the exact…