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JPMorgan Chase, Bank of America and other major banks are reportedly exploring a shared stablecoin to keep pace with rising competition.Some of the biggest U.S. banks are exploring a plan to jointly issue a stablecoin as lawmakers move closer to approving new rules for digital assets, according to people familiar with the matter, the Wall Street Journal reported Friday.Banks involved in early talks reportedly include JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo. The discussions al
A U.S. tourist was drugged and robbed in London by an Uber driver who made off with $123,000 in cryptocurrency.According to local media, the victim, 30-year-old Jacob Irwin-Cline, was visiting the UK on a short layover when the incident occurred. After a night out in Soho, he called an Uber to return to his hostel, but instead, he ended up getting into a different vehicle with a driver who appeared to match the profile shown in his app.Cline told reporters that the driver, who introduced himself
Jupiter has just revealed plans to launch its advanced lending platform, Jupiter Lend, later this summer—sending its token JUP soaring 14% as investors welcomed the protocol’s expansion into DeFi lending.On May 23, Jupiter (JUP), a leading DEX aggregator on Solana (SOL), announced that it will launch its new lending product, Jupiter Lend, later this summer. https://twitter.com/JupiterExchange/status/1925614551162138901?t=_sj_hs8M-A7ABYFGEWJWyAs=19Jupiter Lend aims to be most advanced money marke
Pakistani lawmakers have endorsed the creation of a regulatory body to oversee the country’s blockchain-based financial infrastructure and digital asset ecosystem.Dubbed the Pakistan Digital Assets Authority (PDAA), the Ministry of Finance has approved its formation to supervise licensing, compliance, and innovation across the digital asset sector, according to a May 21 report from state-owned broadcaster PTV.The body will be responsible for monitoring operations of related entities such as cryp
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The crypto and web3 sectors are notorious for their volatility — a byproduct of the industrys young age and lack of regulatory oversight. Unlike traditional markets, many of these digital assets are not regulated securities, allowing founders and early holders with significant portions of the token supply to liquidate their po
HUMA, the native token of RWA-focused PayFi network Huma Finance, is set to make its official exclusive debut on Binance Alpha on May 26.In a May 26 announcement, Binance confirmed that HUMA will be listed on Binance Alpha, the exchange’s early-access section that showcases trending and promising Web3 projects.The listing will mark the token’s first official appearance and will go live alongside Huma Finance’s Token Generation Event (TGE), also scheduled for May 26. The exact launch time is yet
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