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Bank of America CEO warns interest-bearing stablecoins could pull $6T from US banks

In an earnings call transcript shared on X, BofA CEO Brian Moynihan pointed to studies suggesting yield-bearing stablecoins could draw trillions from the banking system....

6dCoinTelegrapheconomics

ETH’s back at $3.2K: Will traders flip the level from resistance to support?

Ethereum remains the leader in total value locked, but declining usage and economic uncertainty in the United States may hinder a rally to $4,000....

Jan 13CoinTelegraphcryptocurrencyImpact

Solomon’s third act at Goldman Sachs may be the most dramatic

Wall St chief wants AI to reshape the bank but the question is how exactly it will measure success...

6dFinancial Timeseconomics

Wall Street hits back at Trump’s plan to limit interest on credit cards

Banks such as Citigroup and Wells Fargo say capping rates would limit credit and hurt economic growth...

Jan 14Financial TimesPoliticsImpact

Bank of America CEO: Interest-Bearing Stablecoins Could Take $6T Out of Bank Deposits

The statement comes amid controversy surrounding allowing yield-bearing stablecoins in the Senate Banking Committee’s upcoming crypto bill....

Jan 15DecrypteconomicsImpact

Qatar’s banking advantage: Expanding pathways for global capital

As the World Economic Forum takes stage once again in Davos, Euronews will moderate a discussion co-hosted by Qatar National Bank (QNB), Commercial Bank Qatar (CBQ), Qatar Islamic Bank (QIB) and Doha ...

6dEuronewseconomics

Supreme Court justices express scepticism over Trump’s bid to sack Lisa Cook

Outcome of case will have sweeping implications for US central bank independence...

22hFinancial TimesPoliticsImpact

US stocks slide after bank earnings disappoint

S&P 500 on course for worst day since mid-December as tech shares also hit...

Jan 14Financial TimeseconomicsImpact

Belarus creates legal framework for ‘cryptobanks’ in new presidential decree

The rules allow banks to combine token activity with payments and financial services under central bank and tech park oversight....

6dCoinTelegraphPoliticsImpact

China-led CBDC project mBridge tops $55B in cross-border payments

In 2024, the Bank for International Settlements stepped back from mBridge, seeking to distance itself from sanctions-related speculation surrounding the platform....

4dCoinTelegrapheconomicsImpact

Crypto’s bank-like turn puts JPMorgan on edge

Banks and crypto firms are converging fast, as yield-bearing stablecoins, ETF filings and tokenized markets test the boundaries of financial regulation....

5dCoinTelegraphcryptocurrencyImpact

JPMorgan's CFO warns cutting credit card interest could make the business not worth being in

JPMorgan Chase CEO Jamie Dimon. Noam Galai/Getty Images America's biggest bank by assets, JPMorgan Chase, reported fourth-quarter earnings on Tuesday. CFO Jeremy Barnum discussed how reduced interest ...

Jan 13Business InsidereconomicsImpact

KBC Bank to launch Bitcoin and Ether trading in Belgium under MiCA

Belgian bank KBC will launch bitcoin and ether trading for retail investors via its Bolero platform as Belgium’s MiCA regime comes into force....

6dCoinTelegrapheconomicsImpact

Kazakhstan limits crypto trading to central bank-approved coins

Kazakhstan’s President Kassym-Jomart Tokayev signed new laws creating licensed crypto exchanges and giving the central bank authority to approve tradable coins....

3dCoinTelegraphcryptocurrency

Binance Restores Real-Time Bank Transfers for Australian Users

Binance Australia has reopened direct dollar deposits and withdrawals after more than two years of disrupted banking access....

3dDecryptcryptocurrencyImpact

Germany’s DZ Bank secures MiCA license for ‘meinKrypto’ platform

Retail crypto access will initially cover Bitcoin, Ether, Litecoin and Cardano through participating cooperative banks....

Jan 14CoinTelegrapheconomicsImpact

Stablecoin yields create ‘dangerous’ parallel bank system: JPMorgan exec

JPMorgan chief financial officer Jeremy Barnum told investors in an earnings call that stablecoin yields are a “dangerous and undesirable thing.”...

Jan 14CoinTelegraphcryptocurrencyImpact

China will clinch the AI race

Energy abundance, open-source models and manufacturing strengths will push Beijing into first place...

4dFinancial TimesTechnologyImpact

Iran's Central Bank Acquired $507M in Tether’s USDT Stablecoin: Elliptic

The Central Bank of Iran no longer holds any of the flagged USDT, after using it to support the rial and settle international transactions....

23hDecrypteconomicsImpact

LSEG brings commercial bank money onto blockchain rails with DiSH

The London Stock Exchange's new Digital Settlement House uses tokenized bank deposits for instant, round-the-clock settlement across blockchain and traditional payment networks....

Jan 15CoinTelegrapheconomicsImpact
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Business Insider132
CoinTelegraph47
Decrypt32
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The Verge16