Crypto News
JPMorgan Set to Launch Instant Settlement for Euro-Dollar Conversions
The bank’s token, JPM Coin, which already processes $2 billion in transactions every day, will be used for the settlement processes. JPMorgan Leveraging Blockchain for Cross-Border Settlement JPMorgan, the largest bank in the U.S. has set out plans to provide quick settlement for currency exchanges between the dollar and the euro. Over time, the bankSource link
In Win for Polygon’s AggLayer, Magic Labs Unveils Chain Unification Network ‘Newton’
Newton will allow for wallet solutions to plug into the AggLayer, which is a Polygon-backed effort to connect affiliated chains and allow tokens to freely move between them. Magic Labs claims its the first dedicated network for wallet solutions and chain unification.Source link
Fed Cuts Rates as Bitcoin Continues Roaring
The Federal Reserve slashed interest rates again on Thursday in a move that could boost Bitcoin—which is already in all-time high territory.Source link
Unanimous Fed Decision: Quarter-Point Cut Signals Major Shift
The U.S. Federal Reserve gathered on Thu. for its Federal Open Market Committee (FOMC) session, where officials opted to trim the federal funds rate by a quarter-point. This announcement comes on the heels of Donald Trump’s election as the 47th president of the United States. “The economic outlook is uncertain, and the Committee is attentiveSource link
Bitcoin Developers Working With StarkWare, Blockstream Claim Breakthrough on Covenants
Bitcoin Developers Working With StarkWare, Blockstream Claim Breakthrough on CovenantsSource link