Crypto
JPMorgan Asset Management Chief Slams Bitcoin in ‘Maltese Falcoin’ Report
In his 30-page investigation that riffs on the 1941 film “The Maltese Falcon,” Michael Cembalest, J.P. Morgan Asset & Wealth Management’s chairman of market and investment strategy, slams blockchain and crypto to say bitcoin’s lofty valuations are the “stuff that dreams are made of.”
New York Senate Confirms New Top Financial Regulator
The New York Department of Financial Services confirmed Adrienne Harris, a former federal official and professor, to run the Wall Street regulator Tuesday. Harris has been serving as the acting Superintendent of NYDFS since her nomination in August 2021. CoinDesk's Nikhilesh De discusses the implications for crypto, fintech, and financial services regulation at large.
Rio De Janeiro to Allocate 1% of Treasury Reserves to Crypto
The mayor of Rio de Janeiro, Brazil’s second-most populous city, reportedly announced last week he plans to allocate 1% of the city’s treasury reserves to cryptocurrencies. Bruno Ramos de Sousa, Head of Global Expansion at Brazilian crypto asset manager Hashdex, shares insights into what this could mean for bitcoin adoption in Brazil.
