Wall Street continues to have a tenuous relationship with Blockchain technology. Large banks have recently made statements both for and against the new technology, with some companies like Bank of America already pursuing patents. Problem with privacy Part of the struggle these financial platforms are having with Blockchain technology is the issue of privacy. The key issue for traders is to keep their positions a secret in order to keep other traders and competitors out of the loop. While Blockchain technology provides immutability, it does not provide complete security or anonymity - keys for enterprise level financial adoption. However, the …

This week saw many companies bail out on New York after the BitLicense took full effect, including bitcoin exchanges Kraken and BitFinex, and Bitcoin marketplace Paxful. Much more quietly, another exodus is underway. This one is of the more traditional, mainstream “money changers” on Wall Street, heading towards the freedom of decentralized currency within the Bitcoin ecosystem. Migration from Wall Street to the Blockchain When a person changes companies or starts a new one, it rarely makes global news, but that all changed earlier this year. When Blythe Masters left JP Morgan to begin the Bitcoin startup Digital Asset Holdings, …