Dan Dolev Is Bullish On Jack Dorsey’s Undervalued Square Cash Payment App

It is rare when analysts that are used to watching Wall Street business appreciate crypto-based businesses. But we’ll take it when it comes. Dan Dolev of Instinet recently had some good words in favor of Jack Dorsey’s Square. Square markets several software and hardware payments products and has expanded into small business services. The company was founded in 2009…

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G20 Leaders Reaffirm Position on Cryptocurrencies in Statement 9167

G20 leaders reaffirmed their previous stance towards cryptocurrencies in a declaration following the G20 Summit in Osaka on June 29 In the declaration, the G20 leaders state that cryptocurrencies do not currently constitute a threat to monetary stability, and that technological innovation can deliver significant benefit to the economy. The participants also welcome the ongoing work on those assets by…

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Major Korean Bank Clamps Down on Accounts Linked to Crypto Exchanges

One of South Korea’s biggest banks is planning to intensify regulations on accounts linked tocrypto exchanges, BEI News reported on July 1. The “special measures” Shinhan Bank are proposing would reportedly involve dedicating staff to analyzing account transactions. It is believed the bank is hoping to distance itself from claims that it is helping financial criminals, amid…

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Two Israeli Brothers Arrested for Hack of Bitfinex Crypto Exchange

Two Israeli brothers have been arrested in connection with the hack of cryptocurrency exchange Bitfinex and other crypto-related phishing attacks, finance news outlet Finance Magnates reportson June 23. An Israeli police spokesperson reportedly told Finance Magnates that Eli Gigi and his younger brother Assaf Gigi netted tens of millions of dollars. The two are suspected of being responsible for long-term systematic theft of cryptocurrencies by maliciously obtaining…

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Facebook’s Calibra Digital Wallet Will Not Be Available in Its Largest Markets

Facebook’s Calibra digital wallet will not be available in some of the social network’s largest markets, including India, according to a TechCrunch report on June 19. A spokesperson told the website: “The libra blockchain will be global, but it will be up to custodial wallet providers to determine where they will and will not operate. Calibra won’t be available in U.S.-sanctioned countries or countries…

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JPMorgan Chase Sees Change in Bitcoin Industry

According to a report from Bloomberg, JPMorgan Chase has seen a considerable change in the Bitcoin industry in the past two years. This change has been led by what is termed as an institutional interest. An investigation which was conducted by Bitwise, an asset manager, revealed that much of the trade volume being reported by…

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