JPMorgan, one of Wall Street’s leading investment banks, is continuing to push for the tokenization of traditional financial assets despite last year’s market downturn. According to Tyrone Lobban, the head of JPMorgan’s digital asset and tokenization platform Onyx, the bank has already processed nearly $700 billion in short-term loans on Onyx, with more to come.
Renowned economist and gold enthusiast Peter Schiff has issued a warning about the US economy, stating that it is facing a period of stagflation in which high inflation and high unemployment will both be present. In an interview with Fox News, Schiff explained that inflation had actually increased in Q1 of this year, despite a
Adam Grabski, an investor in Coinbase, has filed a lawsuit in the Delaware Chancery Court claiming that certain executives and board members of Coinbase used inside information to avoid losses from Coinbase stock sales. According to Bloomberg, the lawsuit alleges that Brian Armstrong, the Chairman and CEO of Coinbase, board member Marc Andreessen, and other
Dubai’s Virtual Assets Regulatory Authority (VARA) has issued a warning to the four founders of OPNX Exchange and CEO Leslie Lamb, accusing them of operating an unlicensed and unregulated cryptocurrency exchange. The founders named in the warning include Mark Lamb, Sudhu Arumugam, and Su Zhu and Kyle Davies, who were founders of failed crypto hedge
General Protocols has announced the launch of BCH Bull, a decentralized trading platform built on Bitcoin Cash (BCH). BCH Bull enables users to create long or hedge positions against various assets, including gold, silver, BTC, Ethereum, and fiat currencies such as USD, CNY, and INR. By employing smart contracts on the Bitcoin Cash mainchain, BCH
Coinbase, one of the world’s leading digital currency exchanges, has received approval from the Bermuda Monetary Authority (BMA) to operate its cryptocurrency operations in Bermuda. This has led to the launch of Coinbase International Exchange, aimed at making Coinbase’s trusted products and services more accessible to users of digital assets who live outside of the
The crypto industry in the US has expressed its frustration at the country’s financial watchdogs, as they claim that regulators are making it “unfeasible or impossible” for crypto-related companies to operate in the country. This has led to a “universal conviction” among the industry that US financial watchdogs are unwilling to let crypto flourish, according
The price of Ether (ETH) has weakened after failing to surpass the $1,950 resistance on April 26. The subsequent correction led to a drop in ETH’s price to $1,810 on May 1, nearing its lowest level in four weeks. Interestingly, this movement happened around the same time that the First Republic Bank (FRB) was seized
On May 2, 2023, Florida Governor Ron DeSantis signed a bill that aims to protect Floridians from the U.S. government’s environmental social governance (ESG) standards. The bill prohibits the use of Florida’s state funds for ESG standards and investments. DeSantis stated that he wants to prevent the implementation of an elite-imposed agenda that doesn’t align
yPredict, an AI-based analysis platform, has raised almost $500,000 in its presale, which has now entered its fourth stage out of eight. This puts the project on track to meet its hard cap target of $6,507,511, with its soft cap having already been met. About yPredict yPredict is an ecosystem centered around the use of