Futures will be the best crypto game in town even after a Bitcoin spot ETF
The Chicago Mercantile Exchange (CME) has long been the home of crypto for traditional finance investors, and this is unlikely to change — even with the approval of a Bitcoin spot ETF.Activity on the CME has expanded significantly over the past 12 months. The CME now sees more Bitcoin (BTC ...
JPMorgan, Apollo plan for enterprise mainnet, execs reveal
Executives of banking giants JPMorgan Chase and Apollo revealed plans for a tokenized ‘enterprise mainnet’ formed during a collaboration on the Monetary Authority of Singapore’s (MAS) Project Guardian pilot project. On Nov. 15, the MAS introduced five additional industry pilots to Pro ...
JPMorgan rolls out programmable payments for institutional blockchain platform JPM Coin
Multinational banking firm JPMorgan has rolled out a programmable payment feature for institutional users of its private blockchain platform JPM Coin.Naveen Mallela, who heads up JP Morgan’s bank-led blockchain platform Onyx, shared details of the new functionality on LinkedIn via an initi ...
Bug in Fed’s payment system prevents bank customers from getting paid
Some of the largest United States banks are not able to facilitate customers deposits after one of the Federal Reserve’s payment systems suffered an outage on Nov. 3.The Federal Reserve said the bug was caused by a "processing issue" in the Automated Clearing House — a payment ...
Bitcoin-friendly El Salvador can become the ‘Singapore of the Americas’: VanEck advisor
El Salvador can follow Singapore’s lead and become a financial center in the Americas, according to Gabor Gurbacs, strategy advisor of investment management firm VanEck.“I say often to portfolio managers and asset allocators that El Salvador has the potential to become th ...
JPMorgan Coin handles over $1 billion in daily transactions, executive says
Takis Georgakopoulos, global head of payments at JPMorgan, has revealed that the company processes over $1 billion in daily transactions through its digital asset, JPMorgan Coin.Speaking during an interview with Bloomberg TV on Oct.26, Georgakopoulos named three major inefficiencies o ...
‘He broke his word’ — Ex-ConsenSys staff sue founder over employee equity deal
Over two dozen former employees of Ethereum infrastructure firm ConsenSys have filed a fresh lawsuit against the firm’s founder and CEO, Joseph Lubin, over claims he diluted employee equity shares against earlier promises.The former staff allege that Lubin — who is also a co-founder of Eth ...
JPMorgan moves into deposit tokens for settlements: Report
Financial giant JPMorgan is making another move into the crypto space with a new blockchain-based solution for cross-border transactions, reveals a report by Bloomberg. The system, however, won't be available until the bank receives the green light from regulators in the United States. ...
Banking is ‘slowly dying’ — Former TradFi execs on reasons for joining crypto
Despite plenty of regulatory action in the United States and an ongoing crypto winter, former TradFi executives, now in crypto, said there’s no desire to return to their old banking lives.Instead, several former traditional bankers told Cointelegraph they remain bullish about the ind ...