Major Financial Institution Acquires Cryptocurrency Software Firm

Posted on Categories Blockchain, Business, NewsTags , , , , , , , , Leave a comment on Major Financial Institution Acquires Cryptocurrency Software Firm

With rising client demand, major financial institutions can no longer ignore cryptocurrency. For example, accounting firm Ernst & Young just acquired cryptocurrency investing software firm Elevated Consciousness Inc. EY will now gain access to the Crypto-Asset Accounting and Tax (CAAT) software.  Consequently, it will be used to monitor trading transaction history across multiple exchanges and wallets … Continue reading “Major Financial Institution Acquires Cryptocurrency Software Firm”

The Smart Money: Goldman Sachs Eyeing Crypto Custody

Posted on Categories Altcoin, Banking, Bitcoin, Business, CryptocurrencyTags , , , , , , , , Leave a comment on The Smart Money: Goldman Sachs Eyeing Crypto Custody

One of the biggest complaints regarding institutional adoption of cryptocurrency is trust. After all, holding virtual currencies in an exchange on the other side of the world can often be risky. That’s especially true with constant reports of hacked exchanges. However, the trust issue may soon change. That’s because Goldman Sachs may offer custody services … Continue reading “The Smart Money: Goldman Sachs Eyeing Crypto Custody”

NASDAQ Wants to Legitimize Cryptocurrencies

Posted on Categories Bitcoin, Crypto Exchanges, Cryptocurrency, GeneralTags , , , , , , Leave a comment on NASDAQ Wants to Legitimize Cryptocurrencies

Apparently, the NASDAQ wants to legitimize cryptocurrency. Over the last few days, the exchange held closed-door meetings with several key players to make that happen. In May 2018, NASDAQ CEO Adena Friedman noted that the exchange was investigating the idea of crypto futures. However, before doing so, she wants to make sure the correct protocols … Continue reading “NASDAQ Wants to Legitimize Cryptocurrencies”