In the February issue of the “Eye on the Market” newsletter, Michael Cembalest, Chairman of Market and Investment Strategy for J.P. Morgan Asset & Wealth Management, takes a close look at “the adoption trends, capital flows and use cases for cryptocurrencies and blockchains.” In this 28-page research report (titled: “The Maltese Falcon”), Cembalest admitted that […]

According to JPMorgan Chase strategists led by Nikolaos Panigirtzoglou, Bitcoin’s “fair value” should be 12% lower than its actual price. In their opinion, the cryptocurrency is currently overpriced, and its fair value should be around $38,000. According to the Bloomberg report, the mentioned figure is based on the premise that bitcoin is around four times […]

A new family of ransomware — called “White Rabbit” — could be targeting banks. A U.S. bank was attacked in December, according to security firm Trend Micro. Although Trend Micro didn't provide attack specifics, ransomware attacks typically steal customer account data and threaten to release it – typically on the dark web -- unless the […]

All of the cryptocurrency industry appears to be in a panic after $100 million were liquidated in around 24 hours. This has caused Bitcoin‘s price to dip 3.6% during this time, adding on to the 28% it has lost in the entire past month. BTC to cross $1 million? While many are fearful of a […]

Company claims its AI-powered platform can answer over 90 percent of questions posed by mortgage borrowers without human intervention.

Stocks went on a wild ride as global bond yields reacted to a steady stream of hot global inflation reports, decent earnings, all while the Nasdaq tentatively fell to correction territory.  Inflation in both Canada and the UK hit the highest level in three decades. There is a 75% chance the Bank of Canada will […]

eToroX, LMAX, Coinbase, Gemini, and Kraken are some exchanges that follow compliance regulations. Switzerland, Liechtenstein, and the UAE are countries ...

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European stock markets moved cautiously higher on Monday as investors were tempted back in after a turbulent start to the year. It’s been a relatively quiet start to the week, with the US bank holiday naturally weighing on activity. With that in mind, I don’t think we can read too much into today’s advances, especially […]

Major US Bank, Bank of America (BoA) compared Solana blockchain to the world’s largest credit card network, Visa. In a research note published Tuesday, BoA research analyst, Alkesh Shah expressed optimism for the top smart contract platform over its ‘scalability, low transaction fees, and ease of use,’ going ahead to add: “Solana could become the Visa of the digital asset ecosystem.” Shah believes Solana even has the potential to take over Ethereum by distinguishing itself through ‘user adoption and developer interest.’ Ethereum, meanwhile, could become the blockchain for ‘high-value transactions and identity, storage and supply chain use cases,’ while Solana grows itself as a settlement layer. Since its launch in 2020, Solana has settled over 50 billion transactions, has more than $11 billion in total value locked, and has been used to mint over 5 million non-fungible tokens (NFTs). Visa, on the other hand, processed 164.7 billion transactions on Sept. 30, 2021. When comparing the transactions per second (TPS) on blockchain networks to those performed on credit card networks, Visa can theoretically handle at least 24,000 TPS but averages around 1,700 while the TPS for Ethereum stands at 15. In comparison, Solana overtakes both Ethereum and Visa with a theoretical limit of 65,000 TPS. Bank of America further stated that Solana and other alternative blockchains could even grab the market share from Ethereum over time. Currently, Ethereum has a market cap of $402 billion, which is more than eight times greater than Solana’s market cap. According to CoinMarketCap, SOL is currently the fifth-largest cryptocurrency with a market capitalization of $47 billion.

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FinTech Futures takes a look back at some of the year’s top core banking deals.