Advertisements “We are working on an offering to service those clients really well on a one-off basis — to have them trade with us and stay with us,” a Coinbase official said. Coinbase is developing a service that will specifically target Australia’ self-managed pensions sector, the exchange’s Asia-Pacific Managing Director John O’Loghlen told Bloomberg. Crypto’sContinue reading “Coinbase to Target Australia’s Self-Managed Pension Funds: Bloomberg”
Category Archives: Finance
U.S. CPI Softer Than Expected at 0.3% in April; Bitcoin Rises to $63.7K
Advertisements In a year of mostly bad news on inflation, the government’s Wednesday report gave some hope that Fed rate cuts might still be on the table. The monthly pace of inflation in the U.S. eased a hair in April, according to the government’s Consumer Price Index (CPI), rising 0.3% versus 0.4% in March andContinue reading “U.S. CPI Softer Than Expected at 0.3% in April; Bitcoin Rises to $63.7K”
Bitcoin DeFi Tool Alex Lab Loses $4.3M in Hack, Offers 10% Bounty for Stolen Funds
Advertisements The ALEX team proposed a 10% bounty on the total stolen funds in exchange for the return of 90% of assets. Bitcoin DeFi application ALEX Lab was drained of over $4.3 million in various tokens early Wednesday after a suspected private key compromise attacked its bridging service. Security researchers CertiK said the attackers likelyContinue reading “Bitcoin DeFi Tool Alex Lab Loses $4.3M in Hack, Offers 10% Bounty for Stolen Funds”
Institutions Still Skeptical of a Near-Term Bitcoin Rally, CME Options Data Show
Advertisements The higher implied volatility for short-dated puts suggests investors are willing to pay a premium for downside protection, CF Benchmarks said. While upbeat U.S. inflation data released early this week has restored institutional faith in bitcoin’s (BTC) long-term bullish case, it is yet to alleviate concerns of a near-term price pullback. The odds ofContinue reading “Institutions Still Skeptical of a Near-Term Bitcoin Rally, CME Options Data Show”
‘CryptoDad’ Giancarlo Joins Paxos Board
Advertisements J. Christopher Giancarlo, a former chief of the U.S. Commodity Futures Trading Commission, has joined the board of directors for the firm that issues the PayPal stablecoin. Paxos has added J. Christopher Giancarlo, a former chairman of the U.S. Commodity Futures Trading Commission (CFTC) who has been a public advocate for the cryptocurrency sector,Continue reading “‘CryptoDad’ Giancarlo Joins Paxos Board”
Philippines’ Central Bank Gives Approval to Coins.ph to Pilot Stablecoin in Key Remittance Market
Advertisements Coins.ph plans to integrate the stablecoin into remittance platforms in countries with significant remittance flows to Philippines, one of the world’s largest remittance markets. Philippines’ central bank has given its approval to digital currency exchange Coins.ph to pilot a Philippine Peso-backed stablecoin called PHPC, the company said last week. The program will come underContinue reading “Philippines’ Central Bank Gives Approval to Coins.ph to Pilot Stablecoin in Key Remittance Market”
Crypto Exchange Rain Hit by $14.8M Exploit: ZachXBT
Advertisements The hack occurred on April 29, ZachXBT said. Bahrain-based crypto exchange Rain fell victim to a $14.8 million exploit, according to blockchain sleuth ZachXBT. The stolen funds have been divided up into wallets containing 137.9 BTC and 1,881 ETH, both of which have been inactive since the exploit occurred on April 29. “It appearsContinue reading “Crypto Exchange Rain Hit by $14.8M Exploit: ZachXBT”
Custody Provider Liminal Wins Approval in Abu Dhabi as It Extends Expansion in Asia
Advertisements The company has also secured registrations in India and Dubai. Liminal, a Singapore-headquartered provider of custody services, won regulatory approval in Abu Dhabi as its expansion outside its home base takes another step forward, its representatives told CoinDesk in an interview Monday. The firm’s First Answer Middle East subsidiary received the Financial Services PermissionContinue reading “Custody Provider Liminal Wins Approval in Abu Dhabi as It Extends Expansion in Asia”
Metaplanet Makes Bitcoin a Reserve Asset As Japan’s Debt Mountain Grows
Advertisements The announcement comes as the yen, one of the top five global reserve currencies, bears the brunt of Japan’s fiscal imprudence. Tokyo-listed Metaplanet has adopted bitcoin (BTC) as a strategic reserve asset as a hedge against Japan’s debt burden and the resulting volatility in the yen. “Metaplanet has adopted bitcoin as its strategic reserveContinue reading “Metaplanet Makes Bitcoin a Reserve Asset As Japan’s Debt Mountain Grows”
Bitcoin’s Modest Rally Cut Short, Price Tumbles Back Below $61K
Advertisements Stagflationary U.S. economic data and hawkish remarks from a Fed speaker appeared to sour the bullish mood. The price of bitcoin (BTC) fell sharply in the U.S. morning hours Friday, reversing a move that had seen the world’s largest crypto climb as high as $63,500. As good of an excuse as any for catalystsContinue reading “Bitcoin’s Modest Rally Cut Short, Price Tumbles Back Below $61K”
Dogecoin Appears Headed for a ‘Golden Cross’
Advertisements A DOGE price pattern that presaged the early 2021 surge looks set to recur. Dogecoin (DOGE), the world’s largest meme cryptocurrency by market value, seems headed toward a repeat of the bullish “golden cross” technical pattern that presaged the early 2021 surge. DOGE, which has a market cap of about $22 billion, has demonstratedContinue reading “Dogecoin Appears Headed for a ‘Golden Cross’”
VanEck’s MarketVector Starts Index to Track the Largest Meme Coins
Advertisements The index contains a variety of dog-themed coins and other popular meme tokens. VanEck’s MarketVector has jumped on the meme coin bandwagon, starting a new index based on the highly popular token category. MarketVector’s Meme Coin Index, which trades under the symbol MEMECOIN, tracks the top six meme tokens. The largest holdings of theContinue reading “VanEck’s MarketVector Starts Index to Track the Largest Meme Coins”
Crypto Monthly Trading Volume Drops for First Time in Seven Months to $6.58T
Advertisements Bitcoin, the leading cryptocurrency by market value, fell nearly 15% in April, ending a seven-month streak. Cryptocurrency trading volume cooled in April, registering the first decline in seven months as escalating geopolitical tensions and slower inflows into U.S.-listed spot ETFs weighed over the digital assets market. The cumulative volume in spot and derivatives marketsContinue reading “Crypto Monthly Trading Volume Drops for First Time in Seven Months to $6.58T”
MSB’s Digital Leap: Revolutionizing Banking with AI-Driven Solutions and Open Banking Integration
Over 5,000 businesses have benefited from 52,000 billion VND in loans distributed through digital channels, with the assessment process taking just minutes.
U.S. Financial Industry to Explore Sharing Ledger Technology for Multiasset Transactions
Advertisements The New York Innovation Center of the Federal Reserve Bank of New York will act as a technical observer. Citi, JPMorgan, Mastercard, Swift and Deloitte are among major companies with an interest in financial services teaming up to explore sharing ledger technology by simulating multiasset transactions in U.S. dollars. The research project, titled RegulatedContinue reading “U.S. Financial Industry to Explore Sharing Ledger Technology for Multiasset Transactions”