JPMorgan Wants to Bring Trillions of Dollars of Tokenized Assets to DeFi
Decentralized finance (DeFi) developers looking to leverage the yield-generating potential of assets that live outside the crypto native kingdom...
Circle’s Disparte Calls CBDCs ‘a Preposterous Idea’ in Digital Dollar Debate
You know it’s going to be a fiery conversation when one of the panelists says “F**k the Fed” in...
Will El Salvador Default on Its Sovereign Debt in 2023?
Owing to El Salvador's $800 million sovereign bond due in January 2023 and an implied default probability of 48%,...
Crypto Bank Custodia Sues Federal Reserve
Crypto bank Custodia filed suit against the U.S. Federal Reserve on Tuesday, saying the central bank was unlawfully delaying...
First Mover Americas: Bitcoin Dumps Below $30K as Morgan Stanley Calls Out Liquidity Pressures
Good morning, and welcome to First Mover. I’m Bradley Keoun, here to take you through the latest in crypto...
BIS Appoints Cecilia Skingsley as Head of Innovation Hub
The Bank for International Settlements (BIS) has appointed Cecilia Skingsley as the head of its innovation hub. Skingsley will...
First Mover Asia: Tether Is Quiet About Its Bankers. Will It Affect Its Peg?
Good morning. Here’s what’s happening: Prices: Bitcoin and a few altcoins had a good day; ether was down. Insights:...
Crypto Banking Rules Now Due This Year From Basel Committee
Norms governing banks' exposure to crypto assets will be completed this year, the Basel Committee on Banking Supervision said,...
Fireblocks Hires Former Bank of England Fintech Chief to Lead CBDC Efforts
Cryptocurrency custody firm Fireblocks hired Varun Paul, the former head of fintech at the Bank of England, as its...
Tether Allegedly Holds Part of Its Reserves in the Bahamas
Stablecoin issuer Tether allegedly holds some of its reserves in a Bahamas-based bank. stablecoin issuer Tether relies on a...
Siam Commercial Bank Is Chasing DeFi Yield Through Compound
Bangkok-headquartered Siam Commercial Bank (SBC), the oldest and one of the biggest banks in Thailand, has entered the decentralized...
What is Digital Currency?
Digital money (or digital currency) means any payment instrument that exists in purely electronic form. A digital currency is...
FED Official Criticizes These Altcoins: He Praises These!
Fed Vice Chairman Lael Brainard said that central bank cryptocurrencies (CBDC) benefits and stablecoins can wreak havoc. The statements...
Federal Vice Chair Lael Brainard Says CBDC Could Coexist With Stablecoins
Federal Reserve Vice Chair Lael Brainard said that a central bank digital currency (CBDC) could exist alongside stablecoins and...
Wall Street Says a Fed Digital Dollar Spells Destruction for Banks
Wall Street bankers are arguing that the Federal Reserve launching its own digital dollar could crack the foundations of...
Regulate Ledgers and Not Individual Crypto Providers, BIS Study Says
Using distributed-ledger technology (DLT) to cut the cost of cross-border payments requires regulators to stop looking at individual entities...