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Bank of England Readying New Retail Payment Infrastructure Plan
The Bank of England says it’s working on a new infrastructure for U.K. retail payments. [contact-form-7] This new model, the central bank’s Payments Vision Delivery Committee said in a n...

Merrill Lynch Ordered To Pay $3,684,163 in Damages and Other Costs Following Unsuitable Private Equity Recommendations: Report
Merrill Lynch will have to shell out nearly $3.7 million in damages and other costs after arbitrators sided against the wealth management firm following a private equity complaint. Two customers, Qun ...

House rejects crypto rule package despite Trump’s call, push for second vote later today
President Donald Trump urged House Republicans on July 15 to support a procedural motion that would advance three crypto bills during the chamber’s “Crypto Week,” but lawmakers resisted the...

California to Partner with Ripple and Coinbase for Government Research
California is partnering with leading crypto firms like Coinbase and Ripple to explore Web3 applications for improving government efficiency. This new task force has no specific goals, but it has alre...

JPMorgan’s Dimon Signals Stablecoins Are Here to Stay
Stablecoins are a work in progress, but JPMorgan Chase CEO Jamie Dimon is a skeptic. [contact-form-7] But his comments during the bank’s second-quarter earnings call on Tuesday (July 15) i...

Bitcoin Whale Abruptly Moves $4,676,108,000 in BTC – Here’s Where the Crypto Is Heading
An ancient Bitcoin whale that woke up for the first time in 14 years earlier this month is making headlines again with a...

Senator Lummis Proposes Comprehensive Crypto Tax Reforms to Level the Playing Field
U.S. Senator Cynthia Lummis (R-Wyo.) has introduced legislation aimed at overhauling the tax treatment of digital assets, addressing long-standing grievances within the cryptocurrency community. The b...

The Daily: OG bitcoin whale moves BTC worth billions to Galaxy Digital, why ‘Crypto Week’ bills could take the industry mainstream, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

Institutional Crypto Inflows Reach Second-Largest Week on Record With $3,700,000,000: CoinShares
Institutional investors are riding the crypto industry’s record-breaking momentum and pouring billions into digital asset investment vehicles, reports crypto investment firm CoinShares. According to...

Analyst Warns More Downside Likely for Bitcoin and Ethereum, With One Altcoin Far Outperforming the Competition
Analyst and trader Michaël van de Poppe is warning that the top two crypto assets by market cap may have deeper corrections as markets trade lower with new US data showing a rise in inflation. Van de...