Author: Digicoinvision
JPMorgan Chase & Co — the world’s largest bank by market capitalization — has begun deploying a token representing deposits held at the bank, called JPM Coin.According to a Wednesday Bloomberg report, JPMorgan’s institutional clients now have access to the JPM Coin. The bank’s blockchain division co-lead, Naveen Mallela, told Bloomberg that the token represents US dollar deposits at the bank and allows users to send and receive money on the blockchain created by US crypto exchange Coinbase, Base, a platform endorsed by the bank.In mid-June, Mallela announced that a fixed number of JPMD tokens would be transferred to Coinbase…
Join Our Telegram channel to stay up to date on breaking news coverage Ledger, the French hardware crypto wallet manufacturer, is considering a New York listing as it prepares to raise new capital in 2026 amid surging demand for security devices. That’s according to a Financial Times report that said Ledger CEO Pascal Gauthier is exploring both a potential listing in the US and a private funding round for the next capital raise. “Money is in New York today for crypto, it’s nowhere else in the world, certainly not in Europe,” Gauthier said, adding that investor appetite for digital asset…
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 Emirates’ Ministry of Finance and Dubai Finance said on Tuesday that the transaction was part of the pilot phase of the Digital Dirham project and used the government payment platform mBridge.The agencies said the transaction was a first for the UAE government and was a “step towards broader adoption of the national digital currency across both government and private sector operations.”It’s the first major update on the CBDC since…
Join Our Telegram channel to stay up to date on breaking news coverage The US Senate Agriculture Committee has unveiled draft legislation that would give the Commodity Futures Trading Commission (CFTC) new powers to oversee the crypto market. The discussion draft was released on Monday by Senator John Boozman and Senator Cory Booker, and builds on work done by the House over the summer, a statement said. The draft bill gives the CFTC authority to regulate spot trading of digital commodities that are not classified as securities. It would also empower the agency to register and supervise crypto trading platforms, enforcing…
Gianluca Di Bella, a smart-contract researcher specializing in zero-knowledge proofs, said the danger posed by quantum computing isn’t a distant concern; it’s a current one.Speaking to Cointelegraph at the UN City offices in Copenhagen, Denmark, Di Bella said he believes “we should migrate now” to post-quantum encryption standards. The reason, he explained, lies in so-called “harvest now, decrypt later” attacks, where data is collected and stored until future technology makes decryption possible.For instance, if the identity of a dissident in a totalitarian country is protected solely by encryption, they want to ensure that the data will remain safe for 10, 15, 20…
Join Our Telegram channel to stay up to date on breaking news coverage Jack Dorsey’s Block has launched Bitcoin payments for more than four million Square merchants, enabling instant settlement and fee-free transactions until 2027. The new feature lets sellers accept BTC at checkout and automatically convert a portion of their daily card payment earnings into Bitcoin, according to a Nov. 10 announcement. Available through Square’s point-of-sale system, it aims to make Bitcoin as easy to use as traditional payments while keeping fees below credit card rates once they begin. Currently limited to in-person transactions, Block says online and invoicing…
US bank SoFi Technologies has launched crypto trading services to its customers, as clearer rules have allowed the crypto market to court greater interest from traditional finance.SoFi said on Tuesday that its crypto service will aim to offer dozens of cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), and started in a phased rollout on Monday, with more customers able to gain access in the coming weeks. SoFi CEO Anthony Noto told CNBC’s Squawk Box on Tuesday that his bank is the first and only nationally chartered bank to launch crypto trading to consumers and was spurred to do so after the…
Join Our Telegram channel to stay up to date on breaking news coverage Gemini shares plunged to a record low after reporting a $159.5 million third-quarter loss, even as Cameron Winklevoss unveiled the company’s vision to build a crypto “super app.” The firm’s first earnings report since going public in September showed revenue more than doubled to $50.6 million in the third quarter from a year earlier, but heavy listing-related expenses erased the gains. As a result, Gemini reported a net loss of $159.5 million, up from $90.1 million a year ago. That sent its shares tumbling almost 10% in pre-market…
Coinbase and stablecoin startup BVNK have reportedly parted ways on a $2 billion acquisition deal that would have been among the largest crypto company deals ever and would’ve significantly expanded Coinbase’s institutional stablecoin offering.Fortune reported on Tuesday that the decision was mutual, but it isn’t clear why the parties sought to cancel the deal. Coinbase and BVNK, which builds stablecoin infrastructure, had reached the due diligence stage of the deal after signing an exclusivity agreement in October.“After discussing a potential acquisition of BVNK, both parties mutually agreed to not move forward,” a Coinbase spokesperson told Fortune, adding that it would…
Join Our Telegram channel to stay up to date on breaking news coverage The Uniswap price soared 28% over the past 24 hours to trade at $8.42 as of 2:29 a.m. EST on trading volume that soared 584% to $3.3 billion. This comes as Uniswap Labs with Uniswap Foundation pushed a new proposal, UNIfication, which aims to reshape the decentralized exchange’s structure and future direction. The governance proposal submitted by Uniswap founder Hayden Adams seeks to activate protocol fees, introduce a UNI-burning mechanism, and realign incentives across the ecosystem. Today, I’m incredibly excited to make my first proposal to Uniswap…