Month: October 2020

Binance CEO claims US branch was NOT set up to evade regulations

Changpeng Zhao hits back after serious allegations were made against the exchange, in particular, its US arm Following allegations made against the exchange, the CEO of Binance, Changpeng Zhao has struck back saying that the exchange didn’t establish the US arm with intentions of skirting enforcement. Zhao also asserted that there were no profit motives …

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Crypto’s volatile nature discourages adoption | Mastercard’s CEO

Mastercard’s chief executive Ajay Banga sides with CBDCs over crypto, saying that the latter’s volatility scares away new investors While the financial service company has pledged to get 1 billion people connected to the banking system, the executive doesn’t see any major impact of cryptocurrencies in achieving the milestone. Banga believes that Bitcoin is not …

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JPMorgan launches JPM Coin, seeks to build its revamped blockchain network

JPM Coin, the digital currency of banking giant, JPMorgan Chase, is now live following months of development  JPMorgan Chase, one of the largest banks in the United States and the world, announced the launch of its JPM Coin  yesterday. Takis Georgakopoulos, JPMorgan global head of wholesale payments, revealed that the bank believes the hype surrounding …

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