Our detailed market analysis is being prepared and will be published here soon ā stay tuned for insights and trends. ... Read full Market Summary
The Bank of Russia has proposed a new framework that allows both qualified and non-qualified investors to trade cryptocurrencies under separate sets of rules.The proposal classifies crypto and stablecoins as foreign currency assets that can be bought and sold but not used for payments in Russia, accā¦
Erebor, the digital bank co-founded by tech entrepreneur Palmer Luckey and backed by billionaire Peter Thiel, has secured a $4.35 billion post-money valuation after raising $350 million in a funding round led by Lux Capital, according to Axios sources.The valuation milestone, which underscores growiā¦
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.Ā The physical gold deposits will be custodied by DK Bank, a digital asset bank regulated by the government of Bhutan, and issued on thā¦
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 blockchā¦
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.Ā Five key reasonsĀ Unā¦
A grassroots campaign to āboycott JPMorganā 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 ācoordinated attack on Bitcoin and Strategy (MSTR) shareholders.ā The backlash intensified after newlā¦
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 Emiratesā Ministry of Finance and Dubai Finance said on Tuesday that the transaction was part of the pilot phase of ā¦
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 EfficientAccoā¦
Weaker stablecoin rules in the UK could risk financial stability and trigger a credit crunch, according to the Bank of Englandās deputy governor, Sarah Breeden.āWe have a different set of risks to manage as we transition to bringing in this new form of money,ā Breedenās told Reuters on Tuesday. Lastā¦
JP Morgan and Singaporeās 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, moā¦
The fight between Custodia Bank and the Federal Reserve just took another sharp turn, and itās not in favor of crypto. A U.S. 10th Circuit Court of Appeals has sided with the Fedās decision to deny Custodia Bank a master account, a move that effectively keeps crypto-focused banks locked out of the nā¦
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.Ā Treasury Secretary Scott Bessent also has on his list former Fed governor Kevin Warsh, National Economic Council Dirā¦