From Hawala to Swift: Inside the 1,000-year battle to move money safely
Finance has spent centuries decoupling wealth from physical transport, but constantly erasing friction creates vectors for increasingly high-tech exploits.
Battle
Inside the high-stakes battle between digital dollars and Swift's massive money engine
Crypto executives say new blockchain payment infrastructure could make Swift obsolete. Bankers say its 11,500-institution network gives it the power to absorb the technology instead.
Kalshi off-limits in multiple states as prediction markets, CFTC team up for battle
Washington state is cut off for Kalshi customers while the company combats the development in court and its federal regulator keeps pursuing new rules.
The battle for digital dollars is moving onchain
America’s largest banks are preparing a direct response to one of crypto’s fastest-growing products: stablecoins. JPMorgan Chase, Bank of America, Citigroup and other major lenders said Friday that they plan to launch a shared tokenized deposit network through The Clearing House by the first half… Read More
JP Morgan’s Dimon escalates battle over stablecoin rewards in CLARITY Act debate
JPMorgan Chase CEO Jamie Dimon on Friday yet again sharply criticized Coinbase CEO Brian Armstrong and warned that the latest version of the Clarity Act could ultimately fail if lawmakers do not address concerns from traditional banks over stablecoin regulation. In an interview with Maria… Read More
Bears Battle Critical Support Zone as BTC, Stock, and Gold Volatility Indices Surge
Bitcoin’s BTC$108,865.15 price is precariously hovering in the critical support zone amid a broadening surge in volatility indices across asset classes. The leading cryptocurrency by market value has dropped nearly 2.5% to $108,000 in 24 hours. It has entered the key support zone of $107,000… Read More