JPMorgan Chase executives: OCC approved banks to use stable currency payments will not affect JPM Coin

January 17 shows that comprehensive quotes from Index and CoinMarketCap:

BTC reports USD 36340.00, down 2.18% in 24 hours;

ETH Ethereum reported USD 1,233.50, an increase of about 3.76% in 24 hours;

BCH was quoted at 493.63 US dollars, up about 1.17% in 24 hours;

BSV reported US $ 207.42, down about 0.72% in 24 hours;

XRP was quoted at US $ 0.28,000, down about 0.93% in 24 hours.

Missing the Community. Yearn finance initiates a proposal to buy back and rebuild the Year

According to official sources, the Yearn.finance community initiated the "buyback and reconstruction of the Year" proposal. The specific content of the proposal is: 1. Use YFI pledge rewards to buy back YFI on the open market, and use YFI repurchased to reward contributors and other Yearn activities. 2. Cancel the YFI governance vault (yGov) so that it no longer works. 3. Allow participation in YFI governance even when YFI tokens are used elsewhere, such as SushiSwap to provide liquidity. The proposal currently has an approval rate of 99.89%.

Currency circle dynamics

IMF report: Only 40 countries are allowed to issue central bank digital currencies

Recently, the International Monetary Fund (IMF) released a report on its official website that according to various surveys, more and more central banks are exploring the possibility of owning a central bank digital currency (CBDC). However, nearly 80% of central banks worldwide are not allowed to issue digital currencies under their current laws, or the legal framework is unclear. The IMF claims that the new working document reviewed the central bank laws of 174 member countries and found that only about 40 member countries were legally permitted to issue digital currencies. The IMF also emphasized that if a country issues digital currency, everyone in the jurisdiction must have easy access to the payment system, which can pose certain challenges to the financial infrastructure.

Data: This month's DEX trading volume is expected to hit a record high, which has now surpassed $ 26 billion

The monthly trading volume of the decentralized exchange (DEX) this month could break a record high in September 2020. Based on data compiled by The Block, the current trading volume of DEX in January 2021 has reached 26.01 billion US dollars. In September 2020, driven by the DeFi boom, DEX transaction volume reached US $ 26.6 billion. Currently, Uniswap accounts for 44.85% of January transaction volume, SushiSwap (22.19%) and Curved (12.98%) respectively respectively ranked second and third.

JPMorgan Chase Executive: Banks that are OCC-approved to use stable currency payments will have no impact on JPM Coin

On January 17, during JP Morgan Chase's 2020 fourth quarter earnings conference call, CEO Jamie Dimon and CFO Jennifer Piepszak discussed the recent OCC approval of the bank using stablecoins for payments, and the approval He expressed his opinion on whether it would affect JPM Coin's development.

During the Q&A session of the conference call, Portales Partners analyst Charles Peabody asked if OCC would approve banks to use public blockchain networks for payments. Chief Financial Officer Jennifer Piepszak replied: "This guide allows stablecoins to be provided on the public blockchain. So this will not affect JPM coin. Think of it as tokenization of our customers' deposits." In addition, he did not rule out the possibility of launching stablecoins supported by JPMorgan Chase if customers express interest. However, he said it is too early to evaluate the use cases and customer needs.