More than three-quarters of Americans view cryptocurrency in workplace retirement plans as risky, as concerns over retirement security mount across the United States, according to a new survey from The National Institute on Retirement Security. The survey found that 77% of Americans consider crypto in workplace retirement plans risky, including 46% who view it as
Federal Reserve Chairman Kevin Warsh is preparing to deliver one of the most important speeches of his tenure so far this week in Jackson Hole. The fundamental question that markets and Fed officials are seeking an answer to is clear: Is inflation in the U.S. remaining high due to temporary shocks such as tariffs and
Happy Wednesday, This is your institutional newsletter, Crypto Long & Short. This week: Two tokenized stocks can trade under the same ticker and mean you own completely different things, writes Joshua DeVos of CoinDesk. The structure underneath is what decides the rights and risks. Top headlines institutions should pay attention to by Francisco Rodrigues “BTC
JPMorgan recently held preliminary discussions about launching its own stablecoin, The Wall Street Journal reported Wednesday, citing people familiar with the matter, though no product is currently under development. The largest US bank already has JPM Coin, a tokenized deposit, and operates its own blockchain. A JPMorgan spokeswoman said the bank has no plans to
Strategy, the Bitcoin treasury company formerly known as MicroStrategy, raised $2.0065 billion by selling common shares from Aug. 17 through Aug. 23 and bought no Bitcoin. The transaction left its $1.59 billion USD Cash balance at the center of a wider capital-allocation contest. The company sold 18,261,118 shares of MSTR, its common stock, then used
Borrowers across the US have gained access to the crypto-backed mortgage offering introduced by Coinbase and Better Mortgage. The product pairs a standard conforming mortgage with a separate loan secured by pledged Bitcoin. Better originates and services both loans. In the meantime, Coinbase provides the infrastructure for holding the crypto collateral. Bitcoin as a down
Tokenized deposits could reduce U.S. banks’ capacity to hold long-term interest-rate exposure by $700 billion under one modeled scenario, according to research published Aug. 25 by Dallas Fed economists Rosie Levy and Srini Ramaswamy. The figure does not represent $700 billion of deposits expected to leave banks or an equivalent guaranteed decline in lending. It
Mirae Asset Group Chairman Park Hyeon-joo has voiced a strongly negative view on Bitcoin investment, saying that few people have made money from the cryptocurrency and that many have suffered severe losses. Speaking during a meeting with employees of DigitalX, the group’s digital asset subsidiary, in Seoul on Tuesday, Park also criticized the listing practices
Russia’s MTS, Rostelecom and MegaFon have prepared to accept digital ruble payments from Sept. 1 as Russia begins the first mandatory stage of its nationwide central bank digital currency rollout. Vedomosti reported that the three major telecommunications operators are preparing their payment systems for the launch, with MTS offering digital ruble transactions across services connected
The symposium theme is “Financial Innovation: Implications for Payments and Policy.” Warsh divested a dozen blockchain positions before taking office. He appointed Marc Andreessen to co lead the Fed’s AI task force. Friday’s speech could move crypto markets on policy content alone. Every Fed chair gets one first Jackson Hole speech. It sets the tone