US Federal Reserve chairwoman Janet Yellen said the popularity of bitcoin doesn't relate to the public's perception of its monetary policy.
This week's headlines have mostly been about banks' love for blockchain, sparked by R3CEV's announcement that 13 new banks had joined its project.
SEB, a Stockholm-based financial services firm with 1.7bn SEK ($202m) in assets under management, discusses the potential of blockchain tech.
The head of innovation at ABN Amro has said the Dutch state-owned bank wants to stay away from bitcoin.
Chinese conglomerate Wanxiang Group has announced it intends to invest $50m in blockchain technology to improve its product lines.
Thirteen additional major investment banks including Citi, HSBC and Bank of America Chase have partnered with distributed ledger startup R3CEV.
A bitcoin business in Australia is eyeing banking opportunities abroad following a perceived crackdown from banks in the country.
The USPTO has published a patent filed by Bank of America that seeks to protect a system for wire transfers using cryptocurrency.
Two ideas aiming to disrupt IPOs and flight insurance came top at 'Hack The Block' this Sunday, bringing London FinTech Week to a close.
With bitcoin, banks are now embracing what many already feel to be "inevitable", according to TechStars managing director Jenny Fielding.