This is a segment from The Breakdown newsletter. To read more editions, subscribe.“Arise, you have nothing to lose but your barbed wire fences!”— Timothy May, 1988The Crypto Anarchist ManifestoWhat would Timothy…
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Ethereum's native token ether (ETH), is gaining ground against bitcoin , as the impending GENUIS Act is likely to ban yield-bearing stablecoins that promise interest-like returns, according to Markus Thielen,…
In brief
JPMorgan will develop stablecoins, despite CEO Jamie Dimon’s doubts as it aims to stay competitive with fintech companies.
Major banks are exploring stablecoin projects as U.S. lawmakers push crypto legislation…
This is a segment from The Breakdown newsletter. To read more editions, subscribe.“No member bank shall, directly or indirectly by any device whatsoever, pay any interest on any deposit which is…
Congress may pass the most consequential crypto law of the decade this week while drawing a bright red line through one of DeFi’s murkiest gray areas: yield-bearing stablecoins.At first glance,…
JPMorgan CEO Jamie Dimon says that the bank will get involved in the stablecoin industry, saying the crypto and fintech industry is getting too big to ignore. While Dimon says…
The stablecoin market could start reshaping traditional finance if it grows to about $750 billion, according to Geoff Kendrick, Standard Chartered’s head of digital assets research.Kendrick, writing in a note…
Assessing the role of stablecoins for payments and settlements will be a priority for the Financial Stability Board (FSB), Andrew Bailey, the recently appointed chair of the FSB and governor…
The U.S. House of Representatives' so-called Crypto Week is steaming toward mid-week votes on two foundational pieces of legislation that would push the industry's status forward significantly in the U.S.,…