JPMorgan Chase says it will not stand by a customer who just lost her life savings in a slick banking scam. Deborah Moss says she had earned enough money to retire when she received a text message that appeared to be from Chase warning her about a suspicious $35 charge, reports CBS News. Moss quickly […]
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Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can improve settlement between central banks, commercial banks, and regulated non-banks. The New York Fed details that the proof of concept will be done in a […]
On April 27, the American bank holding company U.S. Bank revealed in a blog post that the financial institution plans to offer cryptocurrency custody services. The bank’s chief strategy officer for U.S. Bank Global Fund Services, Christine Waldron, says she is proud of her company’s steps toward blockchain and cryptocurrency practices. US Bank to Offer […]