‘Mrs. Watanabe’ Driving Bitcoin Price Higher: Deutsche Bank

Mainstream financiers like BlackRock CEO Larry Fink may claim that bitcoin is an “index of money laundering,” but a new report from Deutsche Bank AG says that this year’s bitcoin price surge is not the product of criminal activity, it’s Mrs. Watanabe. As reported by Bloomberg, the Japanese branch of the German banking giant issued a note to clients attributing the bitcoin price’s dramatic fourth-quarter rally to ‘Mrs. Watanabe,” a term colloquially used to refer the archetypical Japanese retail investor: a housewife who manages her family’s finances with a shrewd…

Banks Need Bitcoin More Than Bitcoin Needs Banks: Virtual Capital Ventures’ William Mougayar | CNBC

William Mougayar, Virtual Capital Ventures and “The Business of Bitcoin” author, provides insight to the cryptocurrency which he calls a new parallel financial system in the works. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News…

India’s Largest Bank Confirms Blockchain Rollout in December

The State Bank of India will launch two blockchain production-ready beta solutions next month, ready for use to 27 major Indian banks of the ‘BankChain’ consortium. Government-owned State Bank of India (SBI) is India’s largest banking corporation with assets over $460 billion amid a foothold in just about every financial services sector in the country. As a public sector bank, the SBI took the lead to establish India’s first financial blockchain consortium called BankChain, wherein participating banks and technology companies research, develop and implement blockchain applications in the financial industry.…

National Australia Bank, Citing Highly Flawed Data, Calls Bitcoin a Bubble

National Australia Bank looms over Melbourne’s citizenry like a dark, jagged cathedral of debt. Emma Lawson, Senior Currency Strategist for National Bank of Australia, has written a lengthy analysis of Bitcoin. Predictably, given her allegiances, she finds it to be an unsuitable alternative to AUD. Her (foregone) conclusion is ostensibly based on a laughably inaccurate data-point: “1723 registered businesses worldwide advertised as using Bitcoin (no doubt there are more in reality), [which] suggests there may be something in the idea that there is [sic] currently more people buying Bitcoin in…