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....
The statement comes amid controversy surrounding allowing yield-bearing stablecoins in the Senate Banking Committee’s upcoming crypto bill....
Interim president Delcy Rodriguez said the money from US sales of Venezuelan oil will be used to prop up the currency....
Nexo faces fresh headwinds as California regulators take action against the digital assets platform for the second time in three years....
In 2024, the Bank for International Settlements stepped back from mBridge, seeking to distance itself from sanctions-related speculation surrounding the platform....
Bitcoin is trading near $97,000 for the first time since November, with broader crypto market gains punishing bears over the last day....
The most common stablecoin transfer amounts are in the $100 to $500 range, showing Revolut customers actively use stablecoins for everyday medium-sized payments....
The American Bankers Association’s fight over stablecoin yields has become its top priority as Congress looks to pass crypto market structure legislation before the midterms....
Saga’s US dollar-pegged stablecoin has dropped to $0.75, while the protocol's total value locked has fallen by around 55% over the past 24 hours....
A top Russian lawmaker says crypto “will be a common occurrence” in the country, with plans for a bill to deregulate the market for retail use....
The legislation would allow the state‘s treasury to hold digital assets with a market capitalization of more than $750 billion, which applied only to Bitcoin as of January....
Of the 90 crypto firms registered in France without a MiCA license, 40% are reportedly not seeking the license, while 30% remain unresponsive as regulators warn of July shutdowns....
Nvidia's CEO told the World Economic Forum that AI infrastructure needs trillions more in investment to avoid a bubble collapse—even as fears mount that the industry is already overheating....
The International Monetary Fund is predicting stronger German economic growth in 2026 than even some German institutions. Meanwhile, Germany's finance minister says the EU won't be "blackmailed" by US...
Germany's GDP grew 0.2% in 2025, ending a run of two consecutive years of recession, new figures show. The justice minister wants to combat the misuse of AI to create sexualized images. DW has more...
China's trade surplus surged to a record of almost $1.2 trillion in 2025, the government said Wednesday, as exports to other countries made up for slowing shipments to the U.S. under President Donald ...
European leaders are taking center stage at the World Economic Forum in Davos, a day ahead of US President Donald Trump's visit. His threat of tariffs over Greenland is set to loom over the summit's a...
The former HSBC executive will succeed Shriti Vadera...
Trump’s Greenland experience shows the problem with difficult markets...
US Treasury secretary derides the ‘dreaded European working group’...
Booming exports offset weaker growth in the domestic economy...