Citi Has Scrapped Its Plan for a JPM Coin-Like Bank-Backed Cryptocurrency

Several years back Citi tested a bank-backed cryptocurrency similar to JPMCoin. The lesson it learned? It's easier to rely on SWIFT......»»

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.....»»

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......»»

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......»»

While crypto-land is abuzz about JPMorgan’s plan to move dollars via blockchain, a smaller New York bank is already doing this......»»

Coinbase Global Inc (NASDAQ: COIN) hit a new low, below its public listing price, of $250.51 on May 6 but bulls bought the dip. read more.....»»

Coinbase Global Inc (NASDAQ: COIN) hit a new low, below its public listing price, of $250.51 on May 6 but bulls bought the dip. Now it looks as though bulls are anticipating a positive reaction to an.....»»

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......»»

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......»»

The cryptocurrency exchange has opened up a position for someone to oversee operations for the firm’s future Wyoming SPDI bank charter......»»

The Bank of Russia has backed a potential ban on cryptocurrency payments, according to a state news agency......»»

The privately held company is offering PAX Gold, the first regulated gold-backed crypto coin that allows investors to own and trade physical gold......»»

Silvergate Bank, one of the cryptocurrency industry's few go-to financial service providers, is planning to become a crypto lender......»»

China should revamp its plan for a national digital currency in the face of Facebook's Libra cryptocurrency, says the central bank's former head......»»

The initiative is part of Turkey's 11th Development Plan aimed at to reinvigorating the national economy......»»

Financial regulators must act fast to prepare for the push by U.S. tech giants such as Facebook Inc. into the financial system, according to European Central Bank Executive Board member Benoit Coeure......»»

A senior member of the Swiss National Bank said he was open-minded about Facebook's cryptocurrency project, while an Italian official looked for more information as central bankers try to get to grips with the initiative......»»

Allowing Facebook to mint its own coin would turn it into the greatest monopoly in history, argues Signature Bank's chairman......»»

Bank of England governor Mark Carney spoke positively about the Utility Settlement Coin project, now dubbed Fnality, during a appearance Thursday......»»

Facebook's Libra coin will face a regulatory "hurricane," warn otherwise-bullish analysts at investment bank Canaccord......»»