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The expansion would be the private bank's first for its crypto offering beyond its native Switzerland, where it has provided digital asset services since the start of 2020. Source
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Perella Weinberg, the investment bank handling FTX's bankruptcy, told bidders this month about the pause, people familiar with the matter told Bloomberg. The move followed months of bidders' due diligence on the stake in the creator of ChatGPT rival chatbot Claude, the people said. Source
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The fund founded by Su Zhu and Kyle Davies suffered big losses on the collapse of the Terra ecosystem starting in May 2022 and took on additional leverage despite already being insolvent, the liquidators say. Original Source
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Allaire spoke with Bloomberg at the World Economic Forum in Tianjin, China. Source
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Circle Internet Financial, which said at the time it had $3.3 billion in holdings at the bank, was followed in the list of top depositors by units of the bank itself, and then by tech-focused venture capital firm Sequoia with just over $1 billion, according to documents sent by the
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Since its inception in 2019, over $300 billion in transactions have been processed using JPM Coin. Source
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The push for revised margin trading caps aims to attract diverse traders, including institutional investors, while enhancing market liquidity. Source
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Senators Elizabeth Warren and (D-Mass.) and Chris Van Hollen (D-Md), in their letter to U.S. Attorney General Merrick Garland, alleged the crypto exchange may have made false statements, including whether its affiliate Binance.US was indeed a separate entity as Binance had claimed. Source
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JPMorgan Chase & Co. has launched a pilot project with top private lenders in India for interbank dollar transaction settlements through its blockchain platform, Onyx, Bloomberg reported. See related article: How JPMorgan’s Onyx is redefining payments in banking with blockchainFast factsThe pilot project, reportedly launched on Monday with India’s HDFC Bank,
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The aim of the project is to settle dollar trades in real time around the clock as opposed to over a matter of days and only during the working week. Source
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