Increased Mainstream Adoption of Bitcoin Cuts Diversification Benefit, JPMorgan Says
Increased Mainstream Adoption of Bitcoin Cuts Diversification Benefit, JPMorgan Says

JPMorgan strategists questioned bitcoin’s utility as a reliable investment hedge in a memo published Thursday.Calling bitcoin the “least reliable hedge during periods of acute market stress,” strategists Federico Manicardi and John Normand questioned bitcoin's ability to function as reliable d...

Japan Rallies Behind XRP as Ripple Faces US Litigation
Japan Rallies Behind XRP as Ripple Faces US Litigation

“XRP was probably the single most popular token or cryptocurrency in Japan. It was also backed by SBI. It invested in Ripple,” Mike Kayamori, founder and chief executive officer of crypto trading platform Liquid Global, told CoinDesk.Now, Japan’s love for XRP is being tested after the U.S. Sec...

Signature Bank Crosses $10B in Deposits From Crypto Customers
Signature Bank Crosses $10B in Deposits From Crypto Customers

Deposits from digital currency customers now make up nearly 16% of total deposits at New York’s Signature Bank. In an earnings call Thursday, Signature revealed that deposits from customers in the crypto industry now total $10 billion – twice that of California rival Silvergate Bank....