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Coinbase shares jump on addition to S&P 500 index in watershed for crypto market

GLOBAL BUSINESS AND FINANCE MAGAZINE
May 15, 2025
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Coinbase Global’s shares jumped nearly 15% on Tuesday after the cryptocurrency exchange became the first digital asset player to be included in the benchmark S&P 500 index. It will replace credit card issuer Discover Financial , which is being acquired by Capital One. The move will be effective before trading begins on May 19. The move […]

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US bank regulators pull back guardrails on bank crypto activities

GLOBAL BUSINESS AND FINANCE MAGAZINE
May 6, 2025
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U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. The Federal Reserve said it was withdrawing a pair of supervisory letters stipulating that banks should seek advance approval from regulators before engaging in crypto-asset and stablecoin activities. In addition, […]