Bitcoin

Bitcoin’s eightfold surge in value this year is forcing Wall Street banks to balance clients’ interest in speculating on the cryptocurrency with executives’ skepticism about its future.

The digital-currency startup, which markets software to banks, appears keen to signal that it wants to play by the rules.

The incident will fuel the debate on Wall Street over whether digital coins are secure enough to enter the mainstream of finance.

The startup is betting that a venture offering safe storage of digital assets will entice billions from banks and other institutional investors.

UBS Group AG, the world’s largest wealth manager, isn’t prepared to make portfolio allocations to bitcoin because of a lack of government oversight, the bank’s chief investment officer said.

Michael Lewis calls it a "pump-and-dump" scheme. Liz Ann Sonders says it's "the next kale." Should clients invest in cryptocurrencies?

Mnuchin’s former business associate is likely to be sworn in next week; Mulvaney, as a congressman, called the CFPB a “joke” and co-sponsored a bill to kill it.

Brian Behlendorf, leader of the Linux Foundation's effort to establish standards for blockchain, likens the invention of cryptocurrencies to the moon launch and says banks, open-source developers and others are working to make the underlying technology commercially viable.

CFPB director’s departure gives President Trump the chance to revamp the agency; the bank regulator is reverting to its industry-friendly ways.

Investors should ask questions about the market necessity of the coin, which economic model underpins it, and how transparent the company is being about its progress to date, writes Shidan Gouran, president and COO of Global Blockchain Technologies Corp.