JPMorgan Expands Its Blockchain-Based Token to Euro Payments: Bloomberg

Since its inception in 2019, over $300 billion in transactions have been processed using JPM Coin.Source

Crypto Ban May Not Be Best Approach to Balance Risk, Demand: IMF

The IMF recommended that countries focus on addressing the drivers of crypto demand and unmet digital payment needs in a post.Source

Crypto.com Approved to Operate in Spain

The crypto exchange said it has registered as a virtual asset service provider with the country’s central bank following a “comprehensive” compliance review.Source

Alameda Seeks Return of $700M Paid to ‘Super Networkers’ for Celebrity, Political Access

Sam Bankman-Fried promised billions to Michael Kives and Bryan Baum after being awed by their connections to politicians, billionaires and reality TV stars.Source

SEC Relinquishes $30M BlockFi Penalty Until Investors Are Repaid

The regulator agreed to forego the payment, owed as part of a settlement of charges against BlockFi, to maximize and speed up payments to investors.Source

Only Bitcoin Miners With Low Power Costs and High Sustainable Energy Mix Will Survive: JPMorgan

Electricity costs played a vital role in the past year’s bear market as miners struggled to survive, the report said.Source

CFTC Takes Action Against New York Resident for $21M Crypto Pooling Scam

The Commodity Futures Trading Commission (CFTC) has filed an enforcement action against a New York city resident, William Koo Ichioka, for fraudulently misappropriating over $21 million from over 100 commodity pool participants’ funds.Source

Matrixport’s Bitcoin Greed & Fear Index Surpasses 90%, Suggests Bull Breather Ahead

Historically, an above-90% reading on the index has coincided with interim market tops.Source

First Mover Asia: Bitcoin Surge May ‘Not Be the Beginning of the End of the Bear Market,’ Analyst Says

ALSO: CoinDesk Senior Research Analyst George Kaloudis offers a straightforward explanation of why BlackRock and other financial services giants want to offer a spot bitcoin ETF.Source

Brian Armstrong Envisions Coinbase to Eventually Become a ‘Super-App’

Coinbase will look more like Tencent’s WeChat than the simpler crypto exchange interface of today, Armstrong said.Source