#Wall Street News

Fidelity Investments Set to Reward Employees in Cryptocurrency

November 28, 2019 by Aisshwarya Tiwari at Bitcoin

Wall Street titan Fidelity Investments is poised to reward its employees in cryptocurrencies, per a report by Finance Magnets, November 27, 2019. Making Crypto an Everyday Phenomenon One of the largest financial institutions in the world by reported assets under management (AuM) - Fidelity Investments – is reportedly rewarding its...

Wells Fargo Plans Blockchain-Based Internal Settlement Services

September 18, 2019 by Anthonia Isichei at Blockchain

The world’s fourth-largest bank, Wells Fargo, announced plans to use its digital token to pilot internal settlement services, which would run on its distributed ledger technology (DLT) platform. Per the press release September 17, 2019, the pilot project is expected to take off in 2020 and would initially focus on...

Bitcoins Scratching Head Stone Wheel Wall Street

Ten Years after Lehman Brothers Sunk, Wall Street Comes Full Circle on the Back of Bitcoin

September 15, 2018 by Liam J Kelly at Bitcoin, Commentary, Exchange, Finance, News, Regulation

Ten years after Lehman Brothers filed for bankruptcy in 2008, a host of new financial offerings is hoping to entice sullied investors back into the market. The task hasn’t been easy, however. The financial crisis that spawned Bitcoin has left enough emotional damage to keep those with a keen sense...

Finance Pros Hop On Bitcoin Bandwagon: Dump Wall Street For Crypto

Wall Street Executives are Moving Into Crypto, Optimistic over the Long-Term

June 1, 2018 by Joseph Young at Altcoins, Bitcoin, Ethereum, Finance, News

Executives at Deutsche Bank AG, Goldman Sachs, BlackRock, and Barclays have resigned from their high-paying and stable careers to enter the cryptocurrency market in 2018, after finding better opportunities in the rapidly and exponentially growing blockchain industry. BlackRock Investor’s Story Asim Ahmad, a former trader at BlackRock, resigned from the...

Chain Inc. Raises US$30 Million from Wall Street Companies

September 23, 2015 by Joseph Young at Finance, News, Tech

Chain Inc., a San Francisco-based blockchain software company has raised US$30 million from Wall Street companies and investment banks, including Visa Inc., Citi Ventures and NASDAQ Inc, to enable institutions “to design, deploy, and operate blockchain networks that can power any type of asset in any market.” Chain Inc. aims...