Business

Bhutan changes stance after months of silence as BTC rises to $70,000

Business / Leave a Comment

The Royal Government of Bhutan has started moving Bitcoin BTC$70,585.16 after months of wallet inactivity, funds were moving to trading companies, exchanges and new addresses as bitcoin slipped below $71,000 and broader markets convulsed. Onchain data tracked by Arkham shows that wallets linked to Bhutan transferred more than 184 BTC, worth around $14 million, in […]

Bhutan changes stance after months of silence as BTC rises to $70,000 Read More »

Chamber investigation targets World Liberty Financial after announcement of $500 million stake in UAE

Business / Leave a Comment

A U.S. House of Representatives investigation aims to determine whether Trump-associated crypto firm World Liberty Financial and its dollar-pegged token meddled with foreign sovereign capital and U.S. technology policy. The move follows a Wall Street Journal report that an Abu Dhabi-linked entity secretly agreed to buy a 49% stake in World Liberty Financial for $500

Chamber investigation targets World Liberty Financial after announcement of $500 million stake in UAE Read More »

Silver’s 17% plunge amid bitcoin slide echoes Michael Burry’s ‘death spiral’ call

Business / Leave a Comment

Silver fell 17% in the past 24 hours, erasing a two-day rally as the metal struggled to find a floor following last week’s historic rout. The move also sent gold and copper lower, extending a selloff that traders say was amplified by limited liquidity and heavy speculative positioning. The new drop also appears on crypto

Silver’s 17% plunge amid bitcoin slide echoes Michael Burry’s ‘death spiral’ call Read More »

Ripple Prime Brokerage Platform Adds Support for Hyperliquid Decentralized Exchange

Business / Leave a Comment

Ripple announced that its institutional prime brokerage platform, Ripple Prime, now supports the decentralized derivatives trading protocol Hyperliquide. The integration allows Ripple Prime customers to access Hyperliquid’s on-chain perpetual liquidity while keeping margin and risk managed within Ripple Prime. The company said clients will be able to cross-reference exposures to decentralized financial derivatives, as well

Ripple Prime Brokerage Platform Adds Support for Hyperliquid Decentralized Exchange Read More »

Bitcoin slides towards $70,000 as on-chain data signals bear market and traders bet Fed will hold in April: Asia Morning Briefing

Business / Leave a Comment

Hello, Asia. Here’s what’s making news on the markets: Welcome to Asia Morning Briefing, a daily summary of the top news stories during U.S. business hours and insight into market movements and analysis. For a detailed overview of US markets, see Crypto Daybook Americas from CoinDesk. Bitcoin enters the Asian trading day with on-chain data

Bitcoin slides towards $70,000 as on-chain data signals bear market and traders bet Fed will hold in April: Asia Morning Briefing Read More »

Spanish lender BBVA joins European banks’ stablecoin project to challenge digital dollars

Business / Leave a Comment

BBVA, Spain’s second-largest bank by assets, said it has joined Qivalis, a group of lenders aiming to introduce a regulated euro stablecoin and challenge the dominance of digital dollars. By adding BBVA, which has $800 billion in assets, the group now includes a dozen major European Union banks, including BNP Paribas, ING and UniCredit. The

Spanish lender BBVA joins European banks’ stablecoin project to challenge digital dollars Read More »

Nomura pushes back on crypto withdrawal concerns by tightening risk controls

Business / Leave a Comment

Nomura Holdings has pushed back against suggestions that it is losing confidence in crypto, saying tighter risk controls at its Laser Digital unit are designed to limit short-term profit fluctuations while focusing on longer-term strategies, the bank told CoinDesk in emailed comments on Wednesday. “Given the nature of the crypto-asset business, we recognize that a

Nomura pushes back on crypto withdrawal concerns by tightening risk controls Read More »

US regulator declares overhaul of prediction markets, ending Biden era ‘frolics’

Business / Leave a Comment

The U.S. government is officially reversing its previous position of banning certain activities by prediction market firms such as Kalshi and Polymarket, with Commodity Futures Trading Commission Chairman Mike Selig deciding on Wednesday to withdraw a proposed rule on event-driven contracts starting in 2024 and abandon an earlier opinion that he said had caused confusion

US regulator declares overhaul of prediction markets, ending Biden era ‘frolics’ Read More »

Scroll to Top