There are countless cryptocurrency enthusiasts, traders, and investors that have pointed out that cryptocurrencies represent a threat to traditional financial institutions, such as banks. There has also been the share of economists, bankers, and high-profile finance executives that have criticized the entire sector, lending credence to the idea that it is a viable threat. Jamie Dimon of JP Morgan Chase…
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One of the great things about emerging technologies such as blockchain is that it can not only disrupt various industries, but there are creative entrepreneurs that can also find an interesting new business in the new space. One of those individuals is Scott Snaith, the CEO of 50 Cycles. Unfortunately, it’s no secret that many traditional financial institutions such as…
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While there are countries that are still arguing about how exactly to classify or regulate cryptocurrency – it appears as though Italy is busy trying to figure out how to use blockchain technology in ways that could make the world more efficiently. Specifically, Italy’s Senate is exploring exactly how to allow for “timestamping” with respect to blockchain and validate documents…
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It’s becoming clear in 2019 that more banks and financial institutions are implementing blockchain or at least exploring blockchain technology behind the scenes. It’s still rare, however, for many of these financial institutions to openly praise blockchain, and many in the cryptocurrency community believe that they still view the technology as more of a threat than an asset. However, that…
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