5 December

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8:05 AM UTC
5 December

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8:05 AM

Crypto News – November 24th

JPMorgan officially registers a crypto wallet trademark

American banking giant JPMorgan (NYSE: JPM) continues to thrive in the cryptocurrency sector. In this line, the institution has registered a trademark with the United States Patent and Trademark Office (USPTO) for “J.P. Morgan Wallet,’ seeking to offer a crypto wallet for digital currency exchange and transfer. The trademark was granted by USPTO on November 15. 

Cardano’s algorithmic stablecoin will hit the market in early next year

According to an announcement developers made at the Cardano Summit in Lausanne, Switzerland, a Cardano-powered algorithmic stablecoin called DJED is set to launch early next year on the smart contract platform’s mainnet.

DJED is an algorithmic stablecoin issued by FinTech startup COTI Group. It’s a crypto-backed pegged algorithmic stablecoin for Cardano that uses smart contracts to ensure price stabilization.

Block.one and its CEO become largest Silvergate Capital shareholders

Block.one, the original developer of the EOSIO blockchain platform, has purchased a stake in Silvergate Capital, the holding company for Silvergate Bank. The purchase of nearly 3 million shares represents 9.27% of Silvergate stock, making them Silvergate’s largest shareholder. Before that, Silvergate Capital also acquired Meta’s Diem Stablecoin project.

Singapore leverages Polygon and Aave in first DeFi wholesale markets transaction

The Monetary Authority of Singapore (MAS) successfully piloted a cross-currency transaction involving tokenized Japanese yen and Singapore dollar, using DeFi lending platform Aave and Polygon blockchain.

In an announcement published by MAS, DBS Bank, JP Morgan and SBI Digital Asset Holdings conducted foreign exchange and government bond transactions against liquidity pools comprising of tokenized Singapore Government Securities Bonds, Japanese Government Bonds, Japanese Yen (JPY) and Singapore Dollar (SGD).

Related news

Crypto News – December 1st

According to Uniswap, users who completed more than one transaction on Genie before April 15, 2022 can claim $300 worth of the stablecoin while those holding the Genesis NFT will receive $1,000 in USDC.

Crypto News – November 29, 2022

Crypto bank Silvergate Capital said that less than $20 million of its total deposits came from crypto customers and lenders from BlockFi which filed for bankruptcy as of November 28, 2022.

CRYPTO NEWS – NOVEMBER 22, 2022

The price of Ethereum has dipped to roughly 1,100 at the time of this writing due to the FTX hacker. According to Etherscan data, the FTX attacker moved a total of 180,000 ETH – worth roughly $200 million at current prices – to 12 crypto wallets on Monday, with each wallet receiving 15,000 ETH over a period of minutes. 

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