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Gelephu Mindfulness City (GMC), a special administrative zone of Bhutan, announced on Wednesday that it is launching a sovereign gold-backed digital token called TER. The physical gold deposits will be custodied by DK Bank, a digital asset bank regulated by the government of Bhutan, and issued on thâŚ
A group of former executives from the collapsed crypto-friendly Signature Bank has launched a new blockchain-based, state-chartered bank called N3XT, with the goal of enabling instant 24-hour payments.N3XT said on Thursday that it aims to settle payments instantly at any time using a private blockchâŚ
Banking giant Deutsche Bank has outlined the key reasons behind the precipitous crash of Bitcoin.The financial behemoth has attributed the flagship cryptocurrency's rapid slide to a combination of macroeconomic factors, regulatory uncertainty and cryptocurrency investor behavior. Five key reasons UnâŚ
A grassroots campaign to âboycott JPMorganâ is gaining momentum across social media, with a large number of users reportedly closing their accounts.The community alleges that the bank has launched a âcoordinated attack on Bitcoin and Strategy (MSTR) shareholders.â The backlash intensified after newlâŚ
The United Arab Emirates has made the first transaction with its central bank digital currency in the first major update to the project since it was announced in March.The United Arab Emiratesâ Ministry of Finance and Dubai Finance said on Tuesday that the transaction was part of the pilot phase of âŚ
JPMorgan Chase has started to roll out JPM Coin, a deposit token that represents a claim on existing customer deposits, to its institutional clients. The token will be circulated under the ticker JPMD.Digital assets meet tradfi in London at the FMLS25.JPMorgan Aims to Make Banking More EfficientAccoâŚ
Weaker stablecoin rules in the UK could risk financial stability and trigger a credit crunch, according to the Bank of Englandâs deputy governor, Sarah Breeden.âWe have a different set of risks to manage as we transition to bringing in this new form of money,â Breedenâs told Reuters on Tuesday. LastâŚ
JP Morgan and Singaporeâs DBS, a leading financial services group in Asia are teaming up to create a system that lets banks move tokenized deposits across different blockchains.By linking their digital banking services, the two institutions aim to make cross-bank, cross-chain transactions faster, moâŚ
The fight between Custodia Bank and the Federal Reserve just took another sharp turn, and itâs not in favor of crypto. A U.S. 10th Circuit Court of Appeals has sided with the Fedâs decision to deny Custodia Bank a master account, a move that effectively keeps crypto-focused banks locked out of the nâŚ
Crypto-supportive Federal Reserve Vice Chair for Supervision Michelle Bowman is one of five candidates to lead the central bank ahead of current Chair Jerome Powell's leave next year. Treasury Secretary Scott Bessent also has on his list former Fed governor Kevin Warsh, National Economic Council DirâŚ
Kyrgyzstan has rolled out a new stablecoin pegged 1:1 to the Kyrgyzstani som, while confirming plans to issue a central bank digital currency and explore a digital asset reserve.The KGST stablecoin will run on the BNB Chain, and BNB (BNB) would be included in the crypto reserve if launched, accordinâŚ
Some of the world's biggest and most powerful banks, including Bank of America, Goldman Sachs, and Citi, are considering joining forces to issue a stablecoin â even if they're not calling it that.In a statement from Friday, BNP Paribas and other banks are "jointly exploring the issuance of a 1:1 resâŚ