Auto Added by WPeMatico

Bank of Spain Governor Warns About Traditional Banking’s Exposure to Crypto Assets

The Governor of the Bank of Spain has alerted the public about the risks mixing traditional banks with crypto assets might bring to the economic system. Pablo Hernández de Cos…

Continue ReadingBank of Spain Governor Warns About Traditional Banking’s Exposure to Crypto Assets

Spanish Civil Guard Busts Organization Dedicated to Laundering Money With Crypto

The Spanish Civil Guard has broken up a group that used cryptocurrencies as a tool to launder money. The organization, that operated in Madrid, supposedly lent these services to other…

Continue ReadingSpanish Civil Guard Busts Organization Dedicated to Laundering Money With Crypto

Silvergate Capital Purchases Diem Operations to Develop Own Stablecoin

Silvergate Capital, an investment firm that is the parent company of the Silvergate Bank, acquired the technology and assets of Diem, the formerly Facebook-backed stablecoin payment system. The payment totaled…

Continue ReadingSilvergate Capital Purchases Diem Operations to Develop Own Stablecoin

JPMorgan Lowers Its Bitcoin Fair Price Estimate to $38K Amidst Volatility

Leading investment bank JPMorgan has changed its view on the estimate of bitcoin’s price on a long-term basis. The institution had estimated a long-term price of $146K back in November…

Continue ReadingJPMorgan Lowers Its Bitcoin Fair Price Estimate to $38K Amidst Volatility