Cryptocurrency Analysis and News Portal
Executives with America’s biggest bank met with the Securities and Exchange Commission’s Crypto Task Force to discuss digital asset regulation and potential ramifications of capital markets moving onchain.The JPMorgan Chase executives discussed with the SEC the “potential impact of existing capital markets activity migrating to public blockchain” — including which
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The overwhelming bipartisan passage of the U.S. Senate's stablecoin bill, with a 68-30 final vote that saw a huge surge of Democrats joining their Republican counterparts on Tuesday, sets a new high-water mark of crypto policy efforts in the U.S. as the legislation now heads to the House of Representatives.The
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U.S. banking giant JPMorgan has announced the pilot of a permissioned USD deposit token called JPMD on Base, the layer 2 Ethereum network built by listed exchange Coinbase (COIN).Earlier this week, the bank filed a trademark application for a crypto-focused platform named JPMD, designed to to offer services such as
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JPMorgan Chase’s foray into the blockchain ecosystem continues, with the financial institution choosing the Base network to pilot its newly launched deposit token, JPMD. The pilot program was confirmed by Naveen Mallela, an executive at JPMorgan’s blockchain division, Kinexys, who told Bloomberg that a fixed amount of JPMD tokens will be
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Representatives in Washington want the Commodity Futures Trading Commission (CFTC) to regulate crypto, but there are questions about whether the agency is up to the task.Last week, US Congressman French Hill released the first draft of the Clarity Act, a bill that would create a new category of asset, the
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Tether's is the world's leading stablecoin. Its digital emulation of the U.S. dollar — 155 billion of them at last count — is unmatched. But as things stand, Tether almost certainly doesn't fulfill the compliance demands of U.S. lawmakers as they're expected to push legislation nearer to law on
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Purpose Investments will launch Canada’s first spot XRP exchange-traded fund (ETF) on the Toronto Stock Exchange on June 18, offering investors regulated exposure to XRP in both CAD and USD. XRP ETF by Purpose Receives Green Light, Trading Set to Begin June 18 Purpose Investments Inc. has secured final approval
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The U.S. may soon go to war against Iran, and crypto markets aren’t liking the prospect.Bitcoin is down 3.8% in the last 24 hours, trading under $104,000 yet again. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, exchange coins and memecoins
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Am I the only one feeling a growing sense of cognitive dissonance in crypto right now?The crypto industry has always had revolutionary roots. It emerged in 2008 with the Bitcoin whitepaper, a direct response to the financial crisis that decimated livelihoods while protecting a systemically flawed, corrupt banking system. Bitcoin
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Cryptocurrency exchange Coinbase is reportedly looking for the green light from US financial regulators to offer tokenized stock trading to its users.According to a Tuesday Reuters report, Coinbase's chief legal officer, Paul Grewal, said the company was seeking Securities and Exchange Commission (SEC) approval to offer “tokenized equities,” potentially competing
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