Ten major banks including Bank of America, Deutsche Bank, and UBS announce an early-stage project to explore issuing stablecoins pegged to G7 currencies
- Group includes US, UK, Swiss, Japanese, Canadian lenders — Banks seeking to find their way as stablecoin demand grows
Sources: BOA, principally lobbying through trade associations, is pushing US lawmakers for rules favoring banks over tech companies in stablecoin issuance
- Bank of America is lobbying for rules favoring banks over tech firms in stablecoin issuance. — Circle is positioning itself …
Apple is unlikely to move iPhone production to the US anytime soon due to a lack of facilities, skilled labor, and established supply chains like Asia's
President Trump's tariffs aim to bring manufacturing … Kara Sherrer / TechRepublic : iPhone Price Could Triple Due to Escalating US-China Tariff War Ben Jiang / South China Morning Post : Apple's supp...
EU regulators approve Microsoft's $69B Activision Blizzard acquisition after Microsoft made concessions to keep rivals' access to Call of Duty and other games
but the saga is ‘unlikely to end soon’ Sofia Wyciślik-Wilson / BetaNews : EU approves Microsoft's multi-billion-dollar Activision Blizzard acquisition despite UK and US opposition Arjun Kharpal / CNBC...
Sources: banks including JPMorgan, Bank of America, and Wells Fargo are considering whether to use Zelle as a payment option to compete with Visa and Mastercard
Wall Street Journal :
JPMorgan Chase, Bank of America, and Citigroup halting credit card transactions with cryptocurrency exchanges; Bank of America debit card purchases not affected
Bloomberg :
JPMorgan Chase and Bank of America are halting credit card transactions with known cryptocurrency exchanges; Bank of America debit card purchases not affected
A growing list of card issuers are declining crypto purchases — After recent price drops, JPMorgan doesn't want credit risk