JPMorgan Sets Up Dedicated Crypto Unit, Launches JPM Coin

After JPMorgan analysts praised bitcoin, saying that the price of the cryptocurrency could triple, JPMorgan reveals that it has set up a dedicated crypto unit and its own cryptocurrency is now being used commercially by a large tech company for the first time.Global investment bank and financial services company JPMorgan Chase has set up a…

DBS Plans For A New Crypto Currency Exchange

A DIGITAL currency exchange backed by Singapore‘s largest lender DBS is in the works, although the bank is still in the process of seeking regulatory approval. Industry observers say that if approved, the DBS Digital Exchange could be one of the world’s first crypto exchanges backed by a traditional bank. A version of the exchange’s…

Wells Fargo Tests Cryptocurrency For Internal Transactions

Wells Fargo & Co said that it will pilot its own digital currency powered by blockchain to help move cash across borders and between branches in real time. The currency, called Wells Fargo Digital Cash, will be linked to the U.S. dollar and transferred using the bank’s distributed ledger technology to keep track of payments…