News
The platform gives crypto holders direct access to the mortgage investment market, which is currently controlled by banks and governments.
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Wells Fargo News
Wells Fargo is a banking company that provides financial and insuring services in the United States, Canada and Puerto-Rico. Wells Fargo was founded by Henry Wells in 1852 and the main office of the company is currently headquartered in San Francisco. The company also provides the Well Fargo Online Banking service for managing finance via mobile devices. Wells Fargo’s Bitcoin and blockchain technologies involvement started in 2016, when Wells Fargo and an Australian bank signed an agreement on utilizing blockchain technology for a cotton shipment from the U.S. to China. It became the first shipment made with blockchain. However, in 2018, the company banned crypto purchases made with Wells Fargo’s issued cards.
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CEOs of major American banking institutions are heading to Washington to face legislators' questions about how they will aid a post-pandemic economic recovery.
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The investment bank is ready to give crypto a chance, after declaring that it had matured and evolved of late.
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Bitcoin made a swift 20% recovery from the weekend’s bloodbath, while American banks prepare to post major losses in their upcoming quarterly reports.
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“Cryptocurrency investing today is a bit like living in the early days of the 1850’s gold rush, which involved more speculating than investing.”
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Warren Buffett and Berkshire Hathaway cut their position on Wells Fargo as the bet on Barrick Gold and rising inflation fuel the bull case for Bitcoin as well.
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The victims of an alleged $35 million crypto Ponzi are suing Wells Fargo for failing to enforce reporting requirements on an employee accused of co-masterminding the scam.
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Wells Fargo’s investment branch added $5 million to Elliptic’s Series B round, which will help fuel Asian expansion and the development of a compliance solution for banks.
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Wells Fargo analyst Mike Mayo predicts that technology will enable efficiency and greater returns for banks this decade.
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A new strain of Trojan malware for Android phones is targeting global users of top crypto apps such as Coinbase, BitPay and Bitcoin Wallet.
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Wells Fargo CEO Tim Sloan and Mastercard CEO Ajaypal Banga agreed that there is still no clear blockchain-based business model.
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ErisX announced that it has hired former Wells Fargo executive Kyle Unterseher as a business development executive.
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The largest private bank in Brazil, Itau Unibanco, has tested a $100 million loan on a blockchain platform powered by R3.
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Major crypto exchange Bitfinex has responded to a recent swathe of online rumors, disproving claims the firm is “insolvent” or facing banking issues.
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New Gallup poll finds most U.S. investors will not be investing in the cryptocurrency any time soon, though there is still interest.
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