make CryptoSlate preference JPMorgan submitted a prospectus for the JPMorgan OnChain Liquidity-Token Money Market Fund (ticker JLTXX) on May 12. The fund invests only in U.S. Treasury securities and overnight repos collateralized by Treasury bills and cash, targeting a net asset value of $1.00.JPMorgan manages stablecoin issuers under the GENIUS Act framework to meet any eligible reserve asset requirements that may be required.The filing classifies JLTXX as a regulated yield cash instrument designed to be positioned near stablecoin reserve piles as a cash management tool for institutions, with no stablecoin classification applied to fund shares or token balances.Ethereum is currently…
Author: Crypto Flexs
Read More
Bermuda’s economic overhaul is moving on-chain, and Stellar Network (XLM) will be the host of this venture. Bermuda set an example by enacting the Digital Asset Business Act in 2018, making it one of the first countries in the world to have a comprehensive encryption regime.Currently, merchants in Bermuda pay between 3% and 5% in card fees, with this figure rising to 10% in some specific jurisdictions. The new blockchain-based direction is to keep more fees within the island, while Bermudians receive a variety of benefits.Bermuda has an outstanding track record of being a cost-effective economy.From now on, they can…
Key TakeawaysCorpay partners with BVNK to add stablecoin wallet and 24/7 payment service.Corpay processes $12 billion in payments every month. Stablecoins can speed up cross-border transfers.BVNK integration can reduce liquidity costs as stablecoin adoption increases across finance. BVNK Powers Copay stablecoin Launches as demand for cross-border payments accelerates Corpay Inc. (NYSE: CPAY), one of the world’s largest corporate payments providers. stablecoin We strengthen our capabilities on our platform through our partnership with . cryptocurrency Infrastructure company BVNK has heralded another step towards integrating digital assets into mainstream financial services. Through this contract, Corpay customers stablecoin Maintain balances alongside your existing…
WASHINGTON, May 13, 2026 /PRNewswire/ — RCB Fund Services LLC (“RCB”), the Claims Administrator for the AirBit Victim Fund (the “AVF”) on behalf of the United States Department of Justice (“DOJ”), today announced the opening of the petition submission process for victims of the AirBit Club fraud. AVF was established by the DOJ to compensate individuals who suffered financial losses as a result of a fraudulent scheme conducted at the AirBit Club. AVF is intended to provide compensation to victims who were induced to purchase AirBit Club memberships based on false representations, including promises of guaranteed daily returns purportedly generated through…
join us telegram A channel to stay up to date on breaking news coverage The cryptocurrency market is experiencing a sharp decline, with altcoins falling rapidly and Bitcoin falling below key support levels, but this step may be more important than it seems. Instead of signaling the end, this reset could set the stage for the next major opportunity as fear and underestimation returns to the market. Sentiment has shifted as Bitcoin breaks out of its long-term holding range, but history shows that these uncomfortable moments often form the strongest long-term gains. While prices remain under pressure, this period can…
London, United Kingdom, May 13th, 2026, Chainwire Following the successful completion of its private testing phase, BASIS is now officially live, with the platform publicly accessible at basis.pro as the company moves to address what industry participants increasingly describe as a structural gap in digital asset infrastructure. The platform, developed with engineering support from Base58 Labs, has been tested under live market conditions with a select group of institutional participants. While reported metrics included sub-50 microsecond p99 execution latency, throughput exceeding 100,000 operations per second, and 100% uptime, the evaluation extended beyond peak performance benchmarks. Testing was designed to observe…
Senator Cynthia Lummis is proposing the CLARITY Act with a message designed to appeal to both sides of the cryptocurrency regulation debate. That means protecting developers and empowering police. The Wyoming Republican highlighted provisions of the Digital Asset Market Clarity Act of 2025 that would protect software developers from being classified as money transmitters while also giving law enforcement stronger tools for digital asset enforcement. What CLARITY laws actually do The bill, introduced as HR 3633, takes aim at one of the most persistent headaches of cryptocurrency: the problem of not knowing who is in charge. The bill formally establishes…
Zurich, Switzerland, May 12th, 2026, Chainwire The fintech project SNC Scandic Coin (SNC) was launched by the global Scandic Finance Group (SFG). In an interview with the Neue Zürcher Nachrichten, Uwe Sellmer, a specialist in the financial sector, explained how the SNC token differs from speculative cryptocurrencies: it will serve as a regulated payment, access and loyalty instrument integrated into the SFG Group’s services, rather than merely being an object of speculation. Specifically, users within the network can pay for media apps, private jet flights, yachts, cars, AI products and domains, amongst other things, and benefit from loyalty programmes. This…
Zug, Switzerland, May 12th, 2026, Chainwire Bitcoin Suisse (International) Ltd., an affiliate of the Bitcoin Suisse Group, has received a Class F license under Bermuda’s Digital Asset Business Act and Class B registration approval under the Investment Business Act from the Bermuda Monetary Authority, authorising regulated digital asset management and investment advisory services for professional and institutional clients. The Bitcoin Suisse Group today announced that its affiliate Bitcoin Suisse (International) Ltd. has obtained a Class F digital asset business license under Bermuda’s Digital Asset Business Act and Class B registration under the Investment Business Act 2003 from the Bermuda Monetary…
Zug, Switzerland, May 12th, 2026, Chainwire As part of a broader initiative to expand access to essential banking infrastructure across Africa, Cantor8 has revealed plans to bring leading mobile money systems such as M-PESA and EVC Plus onchain via Yiksi Limited. Cantor8 has secured exclusive MOUs with Yiksi Limited, outlining plans to bring leading mobile money systems onchain and enable direct digital money services-to-crypto conversion via blockchain rails. Through its partnership with Taran App, a leading African fintech platform, and Yiksi, Taran App’s cryptocurrency exchange, Cantor8 will leverage Taran App’s infrastructure to bring two of Africa’s most widely used forms…