In a significant milestone for the crypto industry, the first bitcoin futures exchange-traded fund (ETF) launched this week as the “second most heavily traded fund,” a move that sent the value of the digital currency to an all-time high at about $65,000.
Read MoreBrian Barnes, CEO of M1 Finance, a Chicago-based fintech that offers automated investing, borrowing and banking services, announced that he acquired First National Bank of Buhl, as an individual.
Read MoreTD Bank this week launched robo-adviser and hybrid wealth adviser offerings, joining a crowded market of banks and fintechs vying for market share among mass-market retail investors.
Read MoreJames Gorman, CEO of Morgan Stanley, said on a third-quarter earnings call that crypto is “not a fad,” but stopped short of saying it will become an integral part of financial services.
Read MoreJPMorgan Chase exceeded profit expectations in its third-quarter earnings call this week, progress that aligns with a wider economic recovery.
Read MoreIn-app “nudges” or suggestions are expected offerings from digital financial platforms, but there is debate around whether they are forms of financial advice that need to be regulated.
Read MoreStripe, a company whose tools allow merchants to accept payments, is looking for talent to support crypto integrations.
Read MoreJPMorgan Chase CEO Jamie Dimon clarified that he is no fan of bitcoin, this time telling an audience at an Institute of International Finance event this week that he thought the digital currency was “worthless.”
Read MoreUmpqua Bank and Columbia Bank have agreed to merge, bringing together two West Coast institutions which have a combined $43B in deposits.
Read MoreAs consumers grow wary of online sign-in methods based on social media login credentials, a report suggests blockchain-based sign-in methods associated with crypto wallets may offer a safer solution.
Read MoreThe Department of Justice unveiled its National Cryptocurrency Enforcement Team this week, a body that will deploy cyber and money laundering expertise to go after crypto actors engaged in criminal wrongdoing.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
