Key Highlights: JPMorgan is expanding its proprietary crypto token, JPM Coin, to the Ethereum blockchain network. The move broadens the digital asset’s footprint beyond Base, the layer-2 scaling network developed by Coinbase Global. Ethereum was selected by the largest U.S. bank due to the specific capabilities and features the blockchain offers for enterprise settlement. JPMorgan ...
Key Highlights Tether confirms exposure to EQIBank is less than 0.034% of total group assets, approximately $64 million based on its June 2024 attestation of $187.75 billion. U.S. authorities seized funds from Capstone, a payment processor used by EQIBank to move customer money through Wells Fargo and JPMorgan Chase accounts, alleging misrepresentation of business activities. ...
Key Highlights Visa is directing payment processors to stop using merchant category code 5815 (digital media) for memecoin purchases and instead apply cryptocurrency-related classifications. JPMorgan Chase flagged at least one Visa transaction for incorrect coding, and the New York Attorney General’s Office is reviewing the issue. The reclassification does not prohibit card-based memecoin purchases but ...