Yield-bearing stablecoins risk 'dangerous' parallel banking system: JPMorgan CFO
Jeremy Barnum told JPMorgan shareholders that yield-bearing stablecoins risk creating a parallel banking system without the safeguards of traditional regulation....
Jeremy Barnum told JPMorgan shareholders that yield-bearing stablecoins risk creating a parallel banking system without the safeguards of traditional regulation....
The cab to a Ford all-electric F-150 Lightning truck prototype is seen on an automated guided vehicle (AGV) at the Rouge Electric Vehicle Center in Dearborn, Michigan back in 2021. Rebecca Cook/REUTER...
Jerome Powell, a particularly mild-mannered speaker, slammed recent attempts to intimidate his department. Li Yuanqing/Xinhua via Getty Images The DOJ is probing Jerome Powell over his congressional t...
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 ...
Polygon Labs CEO Marc Boiron told Cointelegraph that the acquisitions position the network as a regulated payments platform built to move stablecoins onchain at scale....
Changes to how customers tip on Uber Eats and DoorDash have led to lower earnings for gig workers, according to a report from New York City. Artur Widak/NurPhoto via Getty Images Uber Eats and DoorDas...
Ubisoft has today announced that it expects 55 jobs to impacted as part of further cost-cutting, now at The Division studio Massive and fellow Swedish outfit Ubisoft Stockholm. The likely job losses f...
It looks like the wave of campaigns against data centers are getting under big tech companies' skin - and Microsoft is the latest giant to promise to address frustrations on the ground in communities ...
For decades, German cars symbolized engineering perfection and economic power. Now, sales are down as China, a key market, goes electric. India could fill some of that gap for German carmakers. But wi...
Around 10 percent of Meta's Reality Labs division, which develops its XR products and services, will be laid off beginning on Tuesday, as reported by Bloomberg . Meta spokesperson Tracy Clayton confir...
An internal product strategy document outlined Grindr's plans to expand its direct-to-consumer businesses. Spencer Platt/Getty Images Grindr aims to establish four successful direct-to-consumer busine...
The Bureau of Labor Statistics published the December consumer price index data. Myung J. Chun/Los Angeles Times via Getty Images The inflation rate remained at 2.7% in December, matching expectations...
Chinese artificial intelligence firm Zhipu AI said its new image generation model was trained on chips from Huawei Technologies, making it the first powerful open-source model to be developed on an en...
Meta is laying off around 10% of staff at its Reality Labs division as part of sweeping cuts set to affect more than 1,000 people. This includes the closure of a number of VR-first studios, such as Tw...
Chinese short-video platform Kuaishou Technology is pitching its debut offshore bond sale to professional investors, joining a wave of domestic tech companies raising funds in the global debt market. ...
New Zealand Foreign Affairs Minister Winston Peters rebuked the country’s new Reserve Bank governor, Anna Breman, for wading into US domestic politics after she signed a statement with other global ce...
US President Donald Trump ramped up economic pressure on the Iranian regime on Monday by announcing he was imposing import duties on the goods of any country that trades with Tehran. The move could fu...
Hong Kong newspaper Ming Pao is winding up its operations in Canada by the end of this month, marking the closure of all newsrooms run by the city’s major print publications in the North American coun...
Scalpers are already reselling their LEGO Pokémon set pre-orders on eBay, with numerous instances of the limited edition Kanto Region Badge Collection having been sold on for hundreds of dollars in pr...
Crypto majors are mostly flat headed into Monday open; btc even at $90,600; eth +1% at $3,110, sol +2% at $140; xrp -2% to $2.04. Ip (+20%) and xmr (+15%) led top movers; xmr hit a new ath at $590. Fe...