Bitcoin

Bank allegedly “seriously breached” anti-money laundering rules; mortgage agencies will be permitted to retain $3 billion capital buffer.

Bitcoin plunged by as much as a fifth on Friday before regaining its footing amid one of the biggest tests yet for the frenzy surrounding digital currencies.

The famed investment bank is set to become the first major Wall Street bank to make markets in digital currencies such as bitcoin.

Investors in bitcoin and other virtual currencies would lose a lucrative tax break under the Republican tax bill.

Bitcoin, the “gateway currency,” is but one application in an enormous pool of possibilities that blockchain technology presents, writes Alexander Koles, CEO and founder of Evolve Capital Partners.

The $50 billion threshold replaced by a formula, but bill must be reconciled with Senate version; Fed, FDIC say the eight big banks still have work to do.

Over the last few weeks the SEC has clamped down on two initial coin offerings — and in doing so, raises questions about whether shady ICOs are a byproduct of other avenues for cryptocurrency fraud being closed down.

This year has been very good to regional banks, bitcoin investors and several bank CEOs who pulled off big deals or successfully refined business models.

Yale University’s Chief Executive Leadership Institute surveyed 87 corporate leaders last week on aspects of the economy and politics, from the U.S. tax bill to recognizing Jerusalem as Israel’s capital. Virtually nothing on the list brought them closer to consensus than hating the cryptocurrency.

The key to safety is not just the proliferation of investment options, but also the knowledge that hopefully accompanies it, writes Stephen Bielecki, a lawyer at Kleinberg, Kaplan, Wolff & Cohen.