Olga Kharif

1 day ago | bloomberg.com | Olga Kharif

(Bloomberg) -- Most illegal activity happening on cryptocurrency ledgers now involves the tokens known as stablecoins, according to a report released on Thursday by an intergovernmental body that develops policies to protect the global financial system against money laundering and terrorist financing.

1 day ago | news.bloombergtax.com | Olga Kharif

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1 week ago | bloomberg.com | Olga Kharif

Monitors display Coinbase signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Coinbase Global Inc., the largest U.S. cryptocurrency exchange, is set to debut on Wednesday through a direct listing, an alternative to a traditional initial public offering that has only been deployed a handful of times. Photographer: Michael Nagle/Bloomberg(Bloomberg) -- Coinbase Global Inc.

1 week ago | news.bloomberglaw.com | Olga Kharif

Coinbase Global Inc. has inked a deal to have the world’s second-biggest stablecoin, USDC, used as collateral in US futures trading. The cryptocurrency exchange is also expanding its payment offerings, including integrating USDC on ecommerce merchant sites. Coinbase Derivatives is partnering with clearing house Nodal Clear to work with regulators on what it expects to be the first regulated use of USDC as collateral, according to an announcement on Coinbase’s website Wednesday.

1 week ago | news.bloomberglaw.com | Anna Irrera |Olga Kharif

JPMorgan Chase & Co. will launch a pilot for a token called JPMD that represents dollar deposits at the world’s biggest bank, as financial institutions deepen their push into the digital-asset sector. In a transaction expected to take place within days, JPMorgan will move a fixed amount worth of JPMD from the bank’s digital wallet to the biggest US crypto exchange, Coinbase Global Inc., Naveen Mallela, global co-head of the bank’s blockchain division Kinexys by JPMorgan, said in an interview.