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OCC chief economist pens working paper defending the issuance of charters to fintech, stablecoin firms

OCC chief economist pens working paper defending the issuance of charters to fintech, stablecoin firms

A working paper by the Office of the Comptroller of the Currency’s top economist explores the implications of chartering stablecoin banks — and why doing so may provide some regulatory benefits.

The post OCC chief economist pens working paper defending the issuance of charters to fintech, stablecoin firms appeared first on The Block.

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JPMorgan Discusses $600B in Potential New Bitcoin Demand

MassMutual’s $100M BTC investment has the potential to open a massive new investment category, according to analysts.

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Square Crypto’s 20th Grant Will Support Bitcoin Design, User Experience

Square Crypto is issuing another Bitcoin developer grant for research on Bitcoin design and user experience.

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Microsoft and EY unveil blockchain contract management platform for gaming partners and content creators

EY and Microsoft have announced plans to launch a blockchain-based financial record system for Microsoft XBox gaming partners and associated content creators.

The post Microsoft and EY unveil blockchain contract management platform for gaming partners and content creators appeared first on The Block.

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Bloccelerate VC Raises $12M Fund to Bet on Enterprise Blockchain Adoption

The Seattle-based firm plans to invest in 10–15 ventures in the blockchain space over the next 2–3 years.

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Microsoft, EY Expand Blockchain Platform for Gaming Rights to Include Payments

Microsoft, Ernst & Young LLP (EY) announced plans to use its blockchain platform to allow Microsoft’s Xbox gaming partners, artists, and content creators to track and manage their payments and royalty contracts.

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Blockchain Bites: Google Goes Down, Nexus CEO and US Treasury Get Hacked

Yearn continues to rapidly expand through acquisitions, leading some to call it the Amazon of DeFi. While a U.S. Treasury hack serves as a reminder of the amount of financial data in circulation.

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Coinstar Expands Its Coinme Bitcoin ATM Fleet to 5,000

Coinme-powered bitcoin ATMs have sold 650% more bitcoins this year than in 2019.

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Kraken clients have deposited more than 160,000 ETH into its Eth2 staking service

More than 163,000 ETH has been staked by customers of crypto exchange Kraken and its staking service for Ethereum 2.0, also known as Eth2.

The post Kraken clients have deposited more than 160,000 ETH into its Eth2 staking service appeared first on The Block.

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Ukraine Oligarch’s Troubled US Steel Plant Has Been Quietly Mining Bitcoin: Report

The Kentucky-based CC Metals & Alloys steel plant owned by Ukrainian billionaire Ihor Kolomoisky is mining bitcoin as other activities have stopped, according to a report.

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