JPMorgan Is Introducing JPM Coin on the Growing Canton Network
Simply put JPMorgan’s Kinexys is set to launch JPM Coin on the Canton network after its debut on the Ethereum Layer 2 network Base. This initiative will enable institutional clients to issue, transfer, and redeem tokens almost immediately. Canton Network has garnered interest from significant financial players, including Franklin Templeton and DTCC, with its native […]
Vermont Salvation Army discovers valuable gold coin in donation bucket
Heartwarming Surprise for Vermont Salvation Army The Salvation Army’s Barre location in Vermont, not far from Montpelier, recently stumbled upon a delightful surprise amidst its holiday donations. A gold coin was found tucked away inside a dollar bill that had become separated from its intended donation during the Red Kettle campaign. When the staff took […]
Treasury Secretary abandons Biden-era coin designs for the 250th anniversary
Treasury Secretary Cancels Biden-Era Coin Design Treasury Secretary Scott Bessent has decided to scrap a coin design from the Biden administration that was meant to commemorate the 250th anniversary of the United States. The cancellation comes after concerns arose regarding the design, which did not present a single Founding Father but focused instead on themes […]
Zcash creator Zooko Wilcox joins ZEC Treasury firm as privacy coin rises.
Simply put Zcash co-founder Zooko Wilcox has taken on the role of advisor at Cypherpunk Technologies, a finance company focused on ZEC. Following this news, Cypherpunk’s stock surged by 40% on Tuesday. The privacy coin has experienced a notable comeback over the past three months. Cypherpunk Technologies Inc. revealed on Tuesday that Zooko Wilcox, the […]
Farewell to the penny as the U.S. halts production of the historic one-cent coin after over two hundred years in circulation
End of the Penny Era After over 230 years, the United States has officially ceased minting the penny, a coin that has been in circulation since 1787. The final penny was produced in Philadelphia, signaling the close of a significant chapter. Even though pennies are no longer being minted, billions of them are still out […]
Arthur Hayes cautions that Monad might plummet by 99%, describing it as a high-risk ‘VC coin’
Concerns Raised Over Monad’s Future in Crypto Market Arthur Hayes, a seasoned figure in the crypto sector, recently expressed serious concerns regarding Monad. He warned that this newly launched layer 1 blockchain might see its value plummet by as much as 99%. Hayes believes that Monad is more of a product of venture capital buzz […]
Lubbock banker and coin enthusiast share their thoughts on stopping penny production
Penny Production Ends in the U.S. LUBBOCK, Texas – After 232 years, the U.S. Treasury has decided to halt penny production, minting the final one recently. Over the last decade, the cost to produce a penny has gone up significantly, rising from 1.42 cents to 3.69 cents. Reducing the number of coins minted is expected […]
Holding onto your 2025 coins isn’t a good idea, according to a Bellevue coin dealer.
Last Penny Coin and Its Impact A coin dealer in Bellevue believes that collecting the new 2025 pennies may not actually be a wise investment. This penny is set to be the final one ever minted, as announced by the U.S. Mint on Wednesday. Despite that, there are still over 300 billion pennies in circulation. […]
U.S. penny withdrawal: Mint produces the final one cent coin
A penny doesn’t hold much value these days. Most New Yorkers pass by them on the street, and many will even ask cashiers to “keep the change” on small purchases. It’s interesting to think about how these copper coins often end up stuffed at the bottom of wallets or in jars that parents set up […]
Philadelphia Mint produces last pennies as the 1-cent coin is discontinued.
The U.S. Mint announced on Wednesday that it has ceased production of pennies, a move aimed at cutting costs and recognizing how the penny has lost its significance. In a symbolic last strike, the final one-cent coin was minted in Philadelphia, the same place where this smallest denomination has been produced since 1793, following the […]