Stablecoin Market Cap Suffers Biggest Decline in 4 Years
The stablecoin market saw its largest decline in nearly four years last month. That’s according to a report Sunday (July 12) by CoinDesk, which calls the downturn a sign that…
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US CBDC Ban Set to Become Law at Midnight
A four-year ban on a U.S. central bank digital currency (CBDC) is set to take effect if a housing bill becomes law Saturday (July 11), CoinDesk reported Friday (July 10). The…
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Greg Brockman Takes Over OpenAI Product Business
OpenAI President and Co-Founder Greg Brockman will oversee the company’s ChatGPT product business following the departure of Fidji Simo that was announced Thursday (July 9), CNBC reported Friday (July 10), citing unnamed sources….
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OpenAI Applications Chief Fidji Simo Steps Down Due to Illness
Fidji Simo is stepping down from her role as CEO of Applications at OpenAI and transitioning to being a part-time adviser due to a chronic medical condition. Simo said in…
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Swift Opens Blockchain-Based Cross-Border Payments Ledger
Global financial messaging platform Swift says its blockchain-based ledger is ready for use. Seventeen banks are preparing live pilot transactions on the ledger, which supports 24/7 cross-border payments with tokenized deposits, Swift announced Thursday…
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New York Fed: Tariff-Driven Price Hikes Will Stretch Past 2026
More than a year after the first tariffs of the current Trump administration were implemented, about half of companies are still raising prices to pass through those costs to consumers,…
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Fed Joins Banking Regulators to Overhaul Financial Crime Rules
The Federal Reserve Board plans to amend its requirements for banks to maintain anti-money laundering (AML) programs to, among other things, require them to focus their AML resources based on…
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Big Banks Eye Payments Deal That Could Rewire Debit Fees
Some of the biggest U.S. banks are exploring a deal that could reshape the economics of debit cards, reopen one of payments’ fiercest policy fights and give large issuers a…
