‘Already Live’: Signature Bank Is Moving Millions on a JPMorgan-Like Private, Dollar-Backed Cryptocurrency

Authored by Alex Kimani via SafeHaven.com, First there was Tether; a controversial dollar-backed cryptocurrency by crypto exchange firm, Bitfinex. Then ca.....»»

Engineers at the lender have created the 'JPM Coin,' a digital token that will be used to instantly settle transactions between clients of its wholesale payments business......»»

Visa Inc. plans to allow for the settlement of transactions in USD Coin, a stablecoin backed by the U.S. dollar, in what the company says is a move intended to make the platform more accessible to cryptocurrency platforms and wallets......»»

Goldman, Bank Of America Made Hundreds Of Millions From Texas Blackouts Who needs Enron when you have taxpayer-backed "banks." Whereas 20 years ago, it was Enron that made billions from the California electricity c.....»»

Buying shares of Signature Bank is a cheap way to gain exposure to cryptocurrencies, such as bitcoin, according to BofA Securities analyst Ebrahim Poonawala, prompting him to raise his price target by 15%......»»

Other new financial bets Dalio took on included Wells Fargo, Bank of New York Mellon,.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Signature Bank was added to JPMorgan's Focus list as it's positioned to ride the crypto wave. Analyst Steven Alexopoulos points out Signature's digital banking now has over $10 billion in deposits, or 16% of the .....»»

The ETF could drive institutional investors out of a popular bitcoin trust and erode a premium that buttresses bitcoin prices, the bank said. REUTERS/Lucas Jackson Approval of a bitcoin exchange-traded fund in the US could pull invest.....»»

Andreessen Horowitz-backed dYdX released its Bitcoin Perpetual Contract out of private alpha on Wednesday, bringing a key BTC derivatives product to DeFi......»»

The value of assets for all stablecoins surpassed $10 billion as more cryptocurrency traders prefer alternative cryptocurrencies using dollar-backed digital tokens instead of bitcoin, according to Coin Metrics data......»»

A private, nonprofit corporation designed to drive job creation and capital investment throughout the state has committed millions of dollar to support existing small business clients at several Ohio banks, including one of Dayton's largest U.S. SBA.....»»

The CARES Act passed by Congress is putting one-time payments into the hands of millions of Americans. But if you have outstanding private debt, that money could be taken from you. Some states have laws to prevent that......»»

Bank of America Corp and JPMorgan Chase & Co are now accepting applications for federally backed small-business loans, a sign that big U.S. banks have warmed up to the relief program after initially resisting participation......»»

Bank of America Corp and JPMorgan Chase & Co are now accepting applications for federally backed small-business loans, a sign that big U.S. banks have warmed up to the relief program after initially resisting participation......»»

Bank of America Corp and JPMorgan Chase & Co are now accepting applications for federally backed small-business loans, a sign that big U.S. banks have warmed up to the relief program after initially resisting participation......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

A U.S. bank regulator announced Thursday that several senior former Wells Fargo executives face potential lifetime industry bans and millions of dollars in civil penalties for their roles in the bank's long-running sales practices scandal......»»

The Next Pearl Harbour? China's Gold-Backed Crypto Currency Will Blindside US Dollar “A date which will live in infamy.”  Indeed, this weekend marks the 78th anniversary of the attack on Pearl Harbor in Hawaii, which open.....»»