DeFI News by Thebittimes.Com

JPMorgan, Citigroup, and Goldman Sachs have helped drive a $100 billion wave of blockchain investment since 2020, marking a decisive shift by TrafFi toward digital asset infrastructure. That’s according to a new report released jointly by Ripple, CB Insights, and the UK Centre for Blockchain Technologies. ”The shift is undeniable: traditional finance is making a decisive move into the digital asset space,” the report said. ”It’s clear that the banking sector is taking blockchain seriously.” The report, entitled ”Banking on Digital Assets,” analyzed more than 10,000 blockchain-related deals and surveyed over 1,800 finance leaders around the world to assess how traditional financial institutions are engaging with digital asset technology. Wall Street Banking Giants Lead Blockchain Push According to the report, global banks took part in 345 investments in blockchain companies between 2020 and 2024. Most of the deals were early-stage fun...

The US dollar is standing on the brink of a radical change. This change has been ushered in by the rise of a multipolar order, a currency narrative that has been promoting the rise of local currencies, jeopardizing the status of the US dollar. That being said, the US dollar has also been weakening lately due to the rising US tariffs ordeals, speaking to trade war fears. This development has been battering the US dollar, ushering in violent fluctuations and volatility for the currency to encounter. This narrative has also led three financial giants to issue warnings against the US dollar, adding how the USD is now standing on the precipice of a possible collapse. Also Read: Kazakhstan Breaks OPEC Unity—Commerzbank Warns of De-Dollarization! Three Financial Giants Issue Stark Warning to USD Source: Watcher Guru Deutsche Bank, in its latest report, has issued a warning concerning the US dollar. Trump’s tariff orders have led the US markets to face heavy scrutiny, ushering in USD vola...

In a rather surprising development for the tech company, Apple (AAPL) has seen its price target get a cut from Goldman Sachs. Yet, with the company still remaining one of the strongest on Wall Street, investors are left to ask why. Specifically, what could be in store for the company as it enters such a period of uncertainty? The company has had no shortage of bad news thrust its way in the early weeks of the year. Indeed, it has continued to lose market share in China, which has emerged as a critical and robust market for technology firms. That, aligned with an ongoing Indonesian iPhone ban and regulatory probes, has the stock market concerned over the company’s short-term future. Source: MoneyCheck Also Read: Nvidia Passes Apple in Market Cap: How Trump Helped Drive the Stock Apple Gets Price Target Cut as Bearish Perspective Set in: What to Expect From AAPL There are few companies that have done better on Wall Street in recent years than Apple. That dominance was expected to co...

The Wall Street financial giant Goldman Sachs says the market is about to see a ‘significant uptick’ in the quantum trading on-chain within the next two years. Goldman Sachs is anticipating a significant uptick in trading volumes of blockchain -based assets within the next few years as demand for distributed ledgers keeps surging. In a recent interview with Reuters, Goldman Sachs’ global head of digital assets, Mathew McDermott, said the New York-headquarter bank sees a “huge appetite” for digital assets, adding that the trend has “grown significantly” since the beginning of 2023. “Probably within the next one to two years you’ll see a big significant uptick in the quantum trading on-chain, probably three to five years to really see these marketplaces at scale.” Mathew McDermott You might also like: Bloomberg analysts estimate spot Bitcoin ETF market to hit $100b However, McDermott adds that there is still a long ...