JPMorgan Launches JPMD Token Pilot on Base, Touts Deposit Tokens Over Stablecoins
JPMorgan Chase is expanding its blockchain ventures by piloting its new deposit token, JPMD, on the Base network—Coinbase’s Ethereum layer-2 platform. Naveen Mallela, who leads blockchain initiatives at JPMorgan’s Kinexys division, confirmed to Bloomberg that a test batch of JPMD tokens will soon be transferred to Coinbase. The transaction will occur on Base, which, since […]
US Senate Approves Landmark Stablecoin Bill in 68–30 Vote
The United States Senate has moved forward with a major piece of crypto legislation, passing the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act with a 68-30 vote. This brings the bill one step closer to becoming law. The legislation, introduced by Senator Bill Hagerty of Tennessee around six weeks ago, now heads […]
BBVA Recommends High-Net-Worth Clients Allocate Up to 7% in Crypto
BBVA, Spain’s second-largest banking group, is encouraging its wealthier clientele to consider allocating a portion of their portfolios to cryptocurrencies, including Bitcoin (BTC). According to a report by Reuters, BBVA has suggested that private banking clients invest between 3% and 7% of their assets in crypto, depending on their risk tolerance. This strategic recommendation marks […]