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What happened to the bitcoin bubble?

Chris Skinner

I was interviewed by UBS’s wealth management team a month ago, when the bitcoin bubble was in full bloom. That is the contention of Chris Skinner, Chairman of The Financial Services Club, author of thefinanser.com blog and one of Financial News’ ‘FinTech 40’ most influential people in financial technology.

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China’s Bitcoin Buying Binge

PYMNTS

In a buying spree that began on Friday (May 27) and carried on through the four days since, Chinese investors managed to push the price of bitcoin up by 16 percent. As of the time this story was written, the price of an individual bitcoin was pushing $550. All in, bitcoin has added $1.2

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Bitcoin Daily: Chinese Blockchain Co. Invests In Cannabis; Canada, Singapore See Positive Results In Cross-Border DLT Tests

PYMNTS

Only through continued collaboration and fundamental research will it be possible for this technology to mature and for policy-makers to fully understand its potential,” Scott Hendry, Bank of Canada senior special director of financial technology, said in a press release about Jasper-Ubin project3.

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Bitcoin Daily: Bank Of Canada Tests DLT; Crypto Startup Uphold Gets Into Loans

PYMNTS

SBI President and CEO Yoshitaka Kitao said in the announcement that signatures based on MPC “offered our desired level of security, performance and scalability needed to manage transactions for our growing SBI Virtual Currencies customer base.”. With the company’s Earn product, consumers will be able to get interest on stablecoin holdings.

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How Treasurers Can Prepare For A Real-Time Payments Ecosystem

PYMNTS

It’s one factor in why so few challenger banks have launched in the country compared to markets like the U.K., However, there are efforts to lower the barriers to entry for market newcomers. Morgan’s initiatives in cryptocurrency and stablecoin technology have ramped up in recent months, for instance. “The U.S.

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Governments Sending Mixed Signals On Blockchain

PYMNTS

Bitcoin doesn’t necessarily have the blessing of government agencies, but what about blockchain? It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators. SEC Chairman Jay Clayton spoke Monday (Jan.

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NEW REPORT: How Banks Are Driving API-First Strategies

PYMNTS

New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. The fear of non-payment, in particular, tends to be the smaller merchants’ worst nightmare.

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