Finance Magnates reporter, Rachel McIntosh joins BLOCKTV to report the top stories of the week.
The price of Bitcoin has surpassed the psychological milestone that is $10K. Price levels this high haven’t been reached since July of last year, when BTC briefly hit $13,000 before decreasing to a price below $7,000, over the course of several months.
Will this rally last?
Banking giant JP Morgan Chase is reportedly merging its blockchain Quorum with Ethereum powerhouse, Consensys. As Reported by Reuters on Tuesday, the talks are still in early stages and the companies are considering publicly announcing the deal in the next six months.
Germany’s Federal Financial Supervisory Authority, known as BaFin, received more than 40 requests from German banks seeking permission to become Bitcoin custodians. Reported by local news outlet Handelsblatt, the intention of the banks to offer digital asset services on a mass level, with the introduction of the new regulatory law in the country.