JPM Coin Now Live for Euro Payments, Casa Supports Ethereum, SEC Grants BlockFi ReliefAllgemein
• JPMorgan has deployed its blockchain-based payment system JPM Coin for euro-denominated transactions.
• Casa is now supporting Ethereum storage in its self-custody platform.
• The US SEC granted BlockFi temporary relief from settling a $30M penalty, and Gemini Staking Pro expanded to the UK.
JPMorgan Deploys JPM Coin for Euro Payments
JPMorgan has launched its blockchain-based payment system, JPM Coin, for euro-denominated transactions. The first transaction of this type was conducted by Germany’s Siemens AG on Wednesday. Basak Toprak, JPMorgan’s head of Coin Systems for Europe, the Middle East, and Africa, confirmed the launch of this new feature.
Casa Rolls out Support for Ethereum Storage
Cryptocurrency self-custody platform Casa has rolled out support for Ethereum (ETH) storage. With this new move, users can now manage both Bitcoin and Ethereum Multi-Key Vaults in one simple app without having to split up their assets between multiple providers. This process is done through smart contracts while upholding the principles behind multi signature wallets.
US SEC Grants BlockFi Temporary Relief From Settling Penalty
The Nevada Department of Business and Industry reported that crypto custody firm Prime Trust is facing a shortfall in customer funds which led to it being unable to meet all withdrawal requests this month. As such, the authority ordered Prime Trust to cease violating Nevada regulations and adhere to customer safety measures as well as safeguarding assets under its custody or risk insolvency.
Metatime Secures $25 Million Investment
Blockchain technology company Metatime announced that it successfully secured a total investment of $25 million so far for its blockchain ecosystem development project. It developed over 70 products and created MetaChain – its own blockchain network – which will see the listing of Metatime Coin (MTC) on major cryptocurrency exchanges from June 2023 onwards . The company aims to integrate blockchain solutions into various sectors such as energy, tourism, insurance, CRM , advertising , cybersecurity , and virtual reality .
Gemini Staking Pro Expands To UK
Crypto exchange Gemini recently announced an expansion of its staking rewards program – Gemini Staking Pro – into the UK market . This program allows users who hold certain cryptocurrencies with Gemini eligible for additional rewards on top of standard network rewards earned through staking those assets .