Banks have existed since Egyptian times, but not as we know them today, with checking and savings accounts, safe deposit boxes for gold and jewelry, mortgage loans on the ready, and thousands of dollars of cash on hand. Financial institutions are helpful for society, and all, but their power rests…
10 posts tagged
Banks
Is Barclays finally ready to enter the cryptocurrency market?
More and more financial companies continue to enter the cryptocurrency fray. Such companies stand to earn huge sums from investments and trading fees. However, not all companies rushed into cryptocurrencies, and some remain holdouts today. Barclays President Tim Throsby mentioned the firm's potential interest in cryptocurrencies late last year. No…
Big Banks Get Into Blockchain Data Systems
According to a recently-published patent filing, Bank of America has, since October of 2016, been pursuing a patent on a blockchain-based data storage system. This system would use blockchain's authentication capabilities to store data securely while providing access only to authorized users. As described by the patent brief, the data…
JP Morgan Chase patron sues bank over cryptocurrency fees.
One of the world's largest financial institutions, JP Morgan Chase, is on the receiving end of a lawsuit levied by plaintiff Brady Tucker, a customer of the bank. Tucker claims he received $143.30 and $20.61 in fees and interest, respectively, for specific cryptocurrency transactions he made throughout the…