News Topic: Cryptocurrencies
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States should take lead on regulating innovation: Wyoming senator
Circle adds Facebook Diem vet to bring its stablecoin into mainstream
Fans call crypto bank Avanti the future. Critics say it’s too risky.
PayPal, Visa chart a course for crypto that banks could follow
Visa pilots crypto settlement
Visa Inc. said its payments network will use a stablecoin backed by the U.S. dollar to settle transactions, as blockchain technology gains more acceptance in the established financial system. ]] ... Read full article
‘We don’t need to rush’ on Fed digital dollar, Powell says
Democratic leaders are encouraging the Federal Reserve to develop its own digital currency to expand financial services access. Chair Jerome Powell indicated the central bank plans to take a methodical approach. ]] ... Read full article
Federal Reserve's digital dollar momentum worries Wall Street
Banks, credit card companies and digital payments processors are nervously watching the push to create an electronic alternative to the paper bills Americans carry in their wallets, or what some call a digital dollar and others call a Fedcoin. ]] ... Read full article
Brian Brooks joins blockchain company Spring Labs
The former acting comptroller of the currency will help the technology company move its secure data exchange technology into the financial market. ... Read full article
Largest crypto exchange names ex-U.S. senator Baucus adviser
Binance Holdings, the world's largest cryptocurrency exchange, has named prominent former U.S. politician Max Baucus as a policy and government-relations adviser. ... Read full article
PayPal to acquire Curv to further its push into cryptocurrencies
PayPal Holdings Inc. said it will acquire the cryptocurrency firm Curv as it seeks to beef up its talent pool for handling digital currencies. ... Read full article
The Fed needs to close backdoor to its payment rails
Some bank regulators are allowing companies that offer digital currencies to apply for a charter, potentially giving them a path to the Federal Reserve system without proper oversight. ... Read full article
'Digital assets are here to stay': BNY Mellon embraces crypto
Citing strong client demand, the nation's largest custody bank is building infrastructure and a team that can help clients store and manage bitcoin and many other types of virtual currency and tokenized assets. ... Read full article
Mastercard's buy-in a turning point for crypto payments
The global card brand is positioning itself to play a key role in the development of central bank digital currencies. ... Read full article
BNY Mellon and Mastercard embrace crypto, sending bitcoin to record
The trust bank and the credit card company said they'll make it easier for customers to use cryptocurrencies. The announcements contributed to another jump in the price of the largest digital asset. ... Read full article
OCC approves trust charter for second crypto firm
Protego Trust Bank in Seattle will focus on providing custody services for investors that hold digital assets. The OCC decision comes weeks after the agency granted permission to a South Dakota trust company to offer crypto-related services. ... Read full article
PayPal's record year helped by rapid rollout of new products
Its success was driven by its support for buying and selling cryptocurrencies, and its entry into the buy now/pay later market. ... Read full article
Community bank enlists Coinbase, SAP to offer crypto
Vast Bank in Oklahoma is one of the first to allow customers to purchase digital currencies, a market that has proved lucrative for fintechs. ... Read full article
Crypto exchange Gemini moves toward mainstream
Gemini Trust now offers a credit card and an uninsured savings account for bitcoin holders that pays 7.4% interest. It is the latest example of a cryptocurrency company marketing banklike products. ... Read full article
How cryptocurrency is changing the movement of money
Olaf Carlson-Wee, founder and CEO of the cryptocurrency hedge fund Polychain Capital, discusses which digital currencies and blockchain technologies are reshaping payments and which are “nonsense projects.” ... Read full article
