Japan’s major banks back new stablecoin project for global trade
Project Pax, backed by Japan’s top banks, seeks to streamline cross-border transactions using stablecoins, addressing inefficiencies identified by the G20. Go to Source
Financial Institutions
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Police Warn of Bitcoin Scammers Posing as Bank Representatives
The Carroll County Sheriff’s Office in the U.S. state of Georgia has issued a warning about a cryptocurrency scam. Scammers are posing as representatives of financial institutions, informing individuals that their accounts have been compromised. They then instruct victims to withdraw funds from their accounts and deposit them into bitcoin ATMs. The sheriff’s office emphasizes … Read more
Coinbase Expands Crypto Services to Hawaii Following Regulatory Changes
The publicly traded cryptocurrency exchange Coinbase has announced its expansion into Hawaii, allowing residents to access a range of crypto services. The move comes after the state clarified its regulations, enabling Coinbase to offer its platform to Hawaiian users. Hawaii Residents Gain Access to Coinbase’s Full Suite of Crypto Tools Coinbase’s entry into the Hawaiian … Read more
Chainlink’s tokenization sandbox cuts trials to days instead of months
The sandbox could lead to more financial institutions adopting asset tokenization solutions. Go to Source
Tether signs MoU to promote crypto freedom in Turkey
Stablecoin giant Tether is eager to learn about the possibilities of introducing new business lines into Turkey’s banking in cooperation with the local crypto firm BTguru. Go to Source
Crypto Voter Backlash: How Biden’s Veto May Have Cost Him the 2024 Election
After a period of intense scrutiny of the cryptocurrency industry, many speculated that the Biden administration had reversed its stance by allowing the U.S. Securities and Exchange Commission (SEC) to approve several spot ethereum exchange-traded funds (ETFs). However, President Joe Biden has vetoed the latest resolution intended to quash the SEC’s crypto asset rules in … Read more
Central banks turn to generative AI for enhanced cybersecurity: BIS
Central banks are increasingly adopting generative AI for cybersecurity, with a BIS report indicating that 71% are already using it and more planning to follow. Go to Source
Over 600 firms reveal billions in combined investment in Bitcoin ETFs
Millennium Management is the largest Bitcoin ETF investor with a $1.9 billion investment. Go to Source
Proposed US Blockchain Integrity Act would ban crypto mixers for 2 years
The bill introduced in the House would impose a fine of up to $100,000 for handling funds from mixers, while the Treasury writes a report. Go to Source
Report Reveals Hundreds of US Banks at Risk of Failure Amid High Interest Rate Environment
Following the dramatic bank failures last year and the recent collapse of Philadelphia’s Republic First Bank last week, an analysis by Klaros Group indicates that hundreds of U.S. banks are at risk of failure. The study reveals that smaller and regional banks are experiencing stress due to burdensome commercial real estate loans and the current … Read more
