Bitcoin is likely to remain range-bound, said Jeff Ko, chief analyst at CoinEx, and he points to three reasons why the backdrop has calmed. Oil retreated from last week’s highs after another pause in hostilities between the United States and Iran. The 10-year Treasury yield, close to 4.7%, alone contributes to the Fed’s tightening. And […]
Ether leads crypto higher as Bitcoin trades around $65,500 Read More »
Shares of China’s leading memory chip maker soared about 470% on its first day of trading Monday, quickly making it the most valuable company on the Shanghai Stock Exchange. ChangXin Memory Technologies, known as CXMT, had already completed Asia’s largest IPO this year, valuing the company two weeks ago at more than $85 billion. After
China’s CXMT stock soars 470% in early trading amid AI race Read More »
Quantum computing poses a risk factor for every encrypted system on the planet, including major banks. But cryptography, because of the way it works, could be the technology that gets tested first. “Cryptocurrencies are the canary in the coal mine,” said Eddy Zervigon, CEO of Quantum Xchange, in an interview with CoinDesk. Zervigo’s company builds
Bitcoin (BTC) is the canary in the coal mine for the quantum computing threat Read More »
Risk-based peace trading came back into fashion after the United States and Iran held out on Sunday, sending oil prices lower. Bitcoin BTC$65,455.59the leading cryptocurrency by market value, is back above $65,000, with prices up around 1.2% over 24 hours. Ether (ETH) rose more than 3% to near $1,950, alongside gains of 1% to 2%
Prices Retake $65,000 as Oil Falls, ETH Outperforms Read More »
POSCO International, South Korea’s largest trading company, has started tokenizing trade receivables on the blockchain in a test that could speed up trade payments between its global subsidiaries. The company, which generated $22.2 billion in revenue last year from businesses spanning steel, energy and battery materials, is working with LG CNS, the technology arm of
South Korean trading giant POSCO puts on-chain receivables in tokenization test with LG Read More »
Naturally, the crypto industry is urging its adoption. The common refrain online is that Clarity includes some investor protection rules and creates some structure for crypto products, whereas not passing the bill would mean there are no investor protections. If the bill is to pass the Senate before the summer recess begins, the first thing
2 weeks left for Clarity: State of Crypto Read More »
The U.S. Commodity Futures Trading Commission, which claims to be the primary regulator of prediction market firms run by companies including Kalshi, Coinbase, Polymarket and Crypto.com, issued an advisory Friday reminding companies that they should not skimp on wide-ranging contract certifications meant to encompass a wide range of events. The agency said “broad model type
US regulator warns prediction markets against shortcuts in event-driven contracts Read More »
“Because it uses existing rules, it will look much less like a standalone framework,” Lightstone said. “A crypto business will be treated like any normal traditional financial institution,” adding that “obtaining authorization from the FCA will still be difficult.” For established banks and investment firms already operating under these rules, adapting to crypto can be
Shiba Inu rose 36% to around $0.0000057 on Sunday, adding around $1 billion to its market value in one day, without any announcements or developments to account for it. The token now has a market cap near $3.4 billion on daily volume of nearly $380 million, its highest turnover in months. SHIB prices increased by
Why is SHIB up 35%? Shiba Inu Soars as South Korean Traders Lead Mysterious Rally Read More »
BMX, the platform’s token, fell to around 8 cents, down 58% over 24 hours, reducing its market value to around $27 million. The token was already down about 70% over the past year, so Sunday’s drop extended a long decline rather than starting one. The turnover of the stock market is significant, despite the closure.
BitMart to close after nine years, exchange token collapses 58% Read More »
