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JPMorgan Chase & Co.’s digital token, JPM Coin, currently handles $1 billion worth of daily transactions, Global Head of Payments, Takis Georgakopoulos revealed.

JPMorgan’s JPM Coin Facilitates $1 Billion in Daily Transactions as Banking Giant Targets Cross-Border Settlements

Georgakopoulos revealed in an interview on Bloomberg Television that JPM Coin is currently transacted daily, primarily in US dollars. He further emphasized the bank’s commitment ...

11 months ago

Senior public officials in South Korea’s Gyeonggi province have declared their cryptocurrency holdings.

Senior Public Officials in South Korea Declare Crypto Holdings

The disclosure comes as part of the province’s efforts to ensure transparency among its government employees to avoid conflict of interest. Gyeonggi province announced that ...

11 months ago

Paolo Ardoino, Bitfinex chief technology officer and incoming Tether CEO, said the “exciting” initiative marks the beginning of a new era in capital raising.

Bitfinex Securities announces tokenized bond

Bitfinex Securities, a platform focused on listing real-world tokenized securities, has announced its first tokenized bond that will be listed in November. The new tokenized bond calle...

11 months ago

BlockFi announced that it is allowing both U.S. and international users to submit withdrawal requests.

BlockFi emerges from bankruptcy and opens wallet withdrawals

Crypto lending platform BlockFi has emerged from bankruptcy and is ready to pay back some of its creditors, according to an Oct. 24 blog post. Withdrawals “are currently available to nearl...

11 months ago

Currently, a 74% increase takes Bitcoin to over $59,000, and that doesn’t factor in “second-order effects,” says Galaxy Digital.

Galaxy predicts 74% Bitcoin price increase first year after ETF launch

Bitcoin’s price will increase 74.1% in the first year after spot Bitcoin exchange-traded funds (ETFs) are launched in the United States, according to estimates from crypto ...

11 months ago

The proposed rules are supposed to come into effect in 2026, impacting sales and exchanges conducted in 2025.

IRS extends comments period for new crypto tax rule to mid-November

The United States Internal Revenue Service (IRS) has extended the commentaries period for crypto tax reporting rules proposed in August 2023. The public consultation will last until No...

11 months ago

I am not buying yet, just closing loss-making short positions in AAVE, SOL, CRO and TRX, Capo said, having predicted last year's market meltdown.

Trader Who Called Last Year's Crypto Crash Covers Bearish Altcoin Bets

Pseudonymous Trader il Capo Of Crypto, known for predicting last year’s market crash, has squared off loss-making bearish bets in alternative cryptocurrencies. ...

11 months ago

BlackRock Settles SEC Charges Over Misleading Entertainment Industry Investments as Bitcoin ETF Approval Looms

SEC Fines BlackRock $2.5 Million as Bitcoin ETF Review Awaits

The U.S. Securities and Exchange Commission today settled charges against BlackRock for "failing to accurately describe investments in the entertainment industry"—with the Wall S...

11 months ago

Arthur Hayes, co-founder of crypto derivatives exchange BitMEX, believes the recent rally in the crypto market is not solely driven by anticipation of a spot Bitcoin (BTC) ETF.

BitMEX Co-Founder Arthur Hayes Says Bitcoin is Rallying on "Fears of Global Wartime Inflation"

In a Tuesday essay titled "The Periphery," Hayes attributed the surge in the crypto market to the costs associated with hawkish U.S. foreign policy, particularly in relation ...

11 months ago

CBDC and de-dollarization saw major strides last week with the 1-million-barrel deal on the Shanghai Petroleum and Natural Gas Exchange.

Chinese digital yuan CBDC used for first time to settle cross-border oil deal

The digital yuan has been used for the first time to settle an oil transaction, the Shanghai Petroleum and Natural Gas Exchange (SHPGX) announced. PetroChina International bought 1 million barre...

11 months ago