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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

Final funding bill for NIH pushes back against Trump cuts

Measure gives agency slight boost and blocks multiyear awards and cuts to indirect costs...

2dScience MagazinePolitics

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

We will ban you and ridicule you in public if you waste our time on crap reports

Article URL: https://curl.se/.well-known/security.txt Comments URL: https://news.ycombinator.com/item?id=46717556 Points: 13 # Comments: 2...

1hHacker NewsTechnologyImpact

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....

6dDecrypteconomicsImpact

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 ...

5dEuronewseconomics

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...

19hFinancial 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

Germany: Gelsenkirchen bank thieves used 'manipulated' door

Police say a manipulated emergency exit, that shouldn't open from the outside, gave thieves access in last month's major bank heist in Gelsenkirchen. They warned customers that investigations would li...

Jan 13Deutsche Wellecrime

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

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

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

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
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Business Insider289
IGN238
The Verge103
CoinTelegraph64
Deutsche Welle47
France 2447