Advertisements The trading volume of XRP against the Korean won was the highest among all other counterparts . Trading volumes of XRP tokens against the Korean won hit $2.5 billion on South Korean exchange UpBit in the past 24 hours, the highest among counterparts, in a sign of speculative frenzy. This was more than 50%Continue reading “XRP Trading Volumes Hit $2.5B on South Korean Exchange UpBit”
Category Archives: Finance
XRP Ruling a ‘Landmark’ Judgment, Weakens SEC’s Stance Against Crypto: Bernstein
Advertisements The court’s decision weakens the SEC’s stance that the securities law is clear and no separate clarity is required for digital assets, the report said. The U.S. district court ruling that Ripple’s XRP token should not be considered a security if sold via an exchange or through programmatic sales, is a landmark judgment forContinue reading “XRP Ruling a ‘Landmark’ Judgment, Weakens SEC’s Stance Against Crypto: Bernstein”
Coinbase Lawyers Argue Biden Student Loans Ruling Aids Defense Against SEC
Advertisements Asserting powers over the $1 trillion crypto industry would be of major significance, just like canceling student debt was, the exchange’s lawyers argue. A recent U.S. Supreme Court judgment on student debt cancellation aids Coinbase’s fight against charges of operating an unregistered securities venue, lawyers for the crypto exchange argued in a Wednesday legalContinue reading “Coinbase Lawyers Argue Biden Student Loans Ruling Aids Defense Against SEC”
Stader Labs Debuts Ether Staking Product With 6% Yield
Advertisements Node operators can begin staking with just 4 ETH on Stader compared to the currently required 32 ETH. Non-custodial multi-chain liquid staking platform Stader Labs has expanded to Ethereum this week with a product that it says gives the highest yield on ether (ETH) staking compared to other protocols. Unlike native Ethereum staking, whichContinue reading “Stader Labs Debuts Ether Staking Product With 6% Yield”
MicroStrategy Only Needs to Liquidate Bitcoin in Extreme Price Corrections: Bernstein
Advertisements A more robust bitcoin price means the company has a stronger balance sheet, a higher share price and easier debt repayment without the need to sell down its cryptocurrency holdings, the report said. MicroStrategy’s (MSTR) plan to raise long term debt puts it under pressure to liquidate its bitcoin (BTC) holdings, but only inContinue reading “MicroStrategy Only Needs to Liquidate Bitcoin in Extreme Price Corrections: Bernstein”
U.S. Senate Finance Committee Asks Crypto Industry for Tax Guidance
Advertisements In a letter made public on Tuesday, Chairman Ron Wyden and Ranking Member Mike Crapo sought cryptocurrency industry comment around nine topics. The U.S. Senate Committee on Finance sought the help of the cryptocurrency industry to better understand how Congress can address the tax challenges and opportunities presented by digital assets. In a letterContinue reading “U.S. Senate Finance Committee Asks Crypto Industry for Tax Guidance”
Bitcoin NFTs Back in Spotlight as Ordinals Cross 350K Daily Inscriptions
Advertisements Bitcoin Ordinals, a method of generating non-fungible tokens (NFTs) through a process called inscribing, debuted in January, bringing the NFT and smart contract narrative to the Bitcoin blockchain. Activity in Bitcoin Ordinals, a method of generating Bitcoin non-fungible tokens (NFTs) through a process called inscribing, has picked up in the wake of the BRC-69Continue reading “Bitcoin NFTs Back in Spotlight as Ordinals Cross 350K Daily Inscriptions”
China Should Consider Yuan-Backed Stablecoins Instead of CBDCs, Circle’s Allaire Says
Advertisements Circle CEO Jeremy Allaire touted the advantages of stablecoins over central bank digital currencies (CBDC), in an interview with South China Morning Post. Beijing should consider allowing for Chinese Yuan (CNY)-backed stablecoins if it wants to internationalize its currency, Circle CEO Jeremy Allaire said in a recent interview with the South China Morning Post.Continue reading “China Should Consider Yuan-Backed Stablecoins Instead of CBDCs, Circle’s Allaire Says”
Distressed Crypto Specialist Thomas Braziel Sets Up Investment, Advisory Firm
Advertisements The company, 117 Partners, will be a hybrid between advisory and investment, said Braziel. Thomas Braziel, co-founder and managing partner of 507 Capital, is setting up a new entity to expand beyond buying bankruptcy claims into brokerage and advisory work in the crypto space. Crypto has a long and steady history when it comesContinue reading “Distressed Crypto Specialist Thomas Braziel Sets Up Investment, Advisory Firm”
15 Retail CBDCs Likely by 2030, BIS Study Says
Advertisements A survey conducted by the Bank for International Settlements also found 93% of central banks worldwide were engaged in digital currency work in 2022. Around 15 retail central bank digital currencies (CBDCs) could be in circulation across the world by the end of this decade, according to a survey carried out by the BankContinue reading “15 Retail CBDCs Likely by 2030, BIS Study Says”
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BlockFi Bankruptcy Plans Opposed by FTX, Three Arrows, and SEC
Advertisements Multiple defunct crypto companies are now scrambling to resolve complex financial ties as they seek to repay creditors and customers Proposals put forward by defunct crypto lender BlockFi are an abuse of bankruptcy rules, according to a Wednesday legal filing made by FTX, with over a billion dollars of disputed transactions at stake. BlockFi’sContinue reading “BlockFi Bankruptcy Plans Opposed by FTX, Three Arrows, and SEC”
Bitcoin Could Rally to $125K by End-2024: Matrixport
Advertisements The forecast is consistent with bitcoin’s tendency to chalk out sharp gains in the months after the mining reward halves. The fourth halving is due early next year. Crypto services provider Matrixport, one of the few firms to turn bullish on bitcoin (BTC) late last year, now expects the leading cryptocurrency to rally toContinue reading “Bitcoin Could Rally to $125K by End-2024: Matrixport”
Crypto Custodian Cobo Argus Scores $100M in Value Locked One Week After Going Live
Advertisements Argus V2 supports all open-source DeFi protocols and lets traders utilize DeFi bots to automatically monetize farming rewards, compounding and token swapping. Institutional customer funds locked on crypto custodian Cobo’s Argus protocol crossed $100 million within one week of its release, CEO Discus Fish told CoinDesk. The firm allows institutional users, such as banks,Continue reading “Crypto Custodian Cobo Argus Scores $100M in Value Locked One Week After Going Live”
Binance Australia’s Offices Searched by Financial Regulator: Bloomberg
Advertisements The company, also under investigation in the U.S. and France, ceased its Australian derivatives business following regulatory warnings Binance Australia’s office was searched by the country’s financial regulator, the Australian Securities & Investments Commission (ASIC), on Tuesday, according to a report in Bloomberg. The report, citing anonymous sources, comes after the company’s derivatives licenseContinue reading “Binance Australia’s Offices Searched by Financial Regulator: Bloomberg”