Digital currencies

Zuckerberg tries to distance Facebook from Libra effort


With the social media giant under heavy scrutiny for its cryptocurrency plan, the company's CEO plans to tell lawmakers that the Libra Association will take the lead.


Dimon says Libra 'will never happen'


The JPMorgan Chase CEO called Facebook's cryptocurrency project a "neat idea" but added his name to the list of industry leaders and policymakers skeptical about the plan.


CECL delay won’t end opposition; Positive side of BofA’s results


The banking industry will continue its fight against the credit-loss rule; the bank posted gains in consumer, wealth management and commercial lending.


'I don't think we can ignore digital currency'


Banks shouldn't let the legal and regulatory hurdles deter them, attorney Felix Shipkevich says.


Experimenting with digital currencies; Questioning SOFR


Some countries are toying with digitizing their currencies; NY Fed chief defends SOFR despite recent concerns about repo market volatility.


Why Wells Fargo is jumping on the digital currency bandwagon


It's not a reaction to JPM Coin, the banks says, but a way to speed up international payments for corporate clients.


Zelle founder to helm Ripple rival Interstellar


The creator of Zelle precursor clearXchange is heading a company building a blockchain-based international payment technology for banks.


Cryptocurrency AML software vendor Elliptic gets $23 million in funding


The company sees increasing consumer demand for cryptocurrency, especially in Asia, and gradual acceptance among financial institutions.


Beware the privacy risks that come with a crypto venture


The Financial Action Task Force’s recent guidance on data privacy regulations should serve as a warning to companies planning to test virtual currencies.


Crypto holds public promise and potential for danger: Senators


Two weeks after lawmakers grilled a Facebook exec over Libra, they acknowledged benefits from digital currency technology while warning of the risks.