Oil prices rose on Wednesday as hostilities in the Middle East flared as Iranian drones struck Kuwait’s main international airport and the US and Iran exchanged strikes. Shares wobbled and rose in much of Asia, but fell in Europe. Energy markets have been on a tightrope with the war in Iran dragging on for a […]
Oil prices rise as Iran and US stock market strikes Read More »
The long-term value of decentralized finance (DeFi) depends on its ability to transform the back-office operations of global banking institutions rather than providing alternative trading environments, according to asset management and banking executives. Speaking on a panel at the Proof of Talk conference in Paris, the executives said legacy financial institutions are eager to adopt
TradFi will block DeFi growth until security issues are resolved, executives say Read More »
Bitcoin BTC$66,924.57 traders are finally taking price sales seriously. The cryptocurrency’s fear gauge, the BVIV index, shows it. BVIV, which measures the 30-day implied or expected volatility of the cryptocurrency, rose nearly 20% on Tuesday to 46.45%. It is the biggest one-day increase since February 5, according to data source TradingView. Here’s why it’s important.
Bitcoin’s ‘fear meter’ rises nearly 20%, biggest jump since February 5 crash Read More »
The future of asset management is changing on the chain, but the transition reveals a major structural conflict over traditional companies’ revenues. Speaking on a panel at the Proof of Talk summit in Paris, Jenny Johnson, CEO of Franklin Templeton, a $1.74 trillion asset manager, spoke openly to the industry’s hesitancy to deploy decentralized networks.
Franklin Templeton says Wall Street fears blockchain because it threatens its profits Read More »
The legacy financial and digital frameworks that underpin the current Internet architecture are facing an imminent existential crisis. Evin McMullen, co-founder and CEO of Billions Network, told CoinDesk in an interview during the Proof of Talk conference in Paris that tech giants and global telcos are actively struggling to deal with an impending collapse of
Big tech ‘scared’ of AI agents wiping out ad revenue, says Billions Network CEO Read More »
Prediction market traders are increasingly betting that bitcoin’s correction is far from over, even after the cryptocurrency tumbled toward $65,000 this week amid mounting pressure from ETF outflows and weakening institutional demand. On Kalshi, traders are currently assigning a 66% probability of bitcoin falling below $55,000 this year and a 50% probability of prices below
Prediction market traders are betting that bitcoin’s sales have further to run Read More »
XRP keeps finding bullish narratives below the surface, but price continues to ignore them. Currency balance sheets are shrinking, ETF money is still coming into crypto, and Binance inflows have slowed sharply. None of that stopped XRP from losing another support level this week, which is usually a sign that technical selling is overwhelming long-term
Ripple-linked token falls 5% even as bullish signals pile up Read More »
The crypto sell-off worsens as stock markets continue to rise each day. Bitcoin BTC$66,347.90 plunged to a low of $65,708 in Asian morning trade on Wednesday, down 6.4% in 24 hours and 12.3% on the week, as a broad sell-off in the crypto market accelerated overnight on the sharpest possible backdrop of global equity strength.
What next as Bitcoin falls below $66,000 Read More »
Mastercard is expanding its settlement network to support regulated stablecoins, a move that could help bring blockchain-based payments deeper into the plumbing of the global financial system. The company said Wednesday it plans to offer issuers and acquirers additional settlement options, including intraday, weekend and holiday settlement, as well as on-chain settlement using regulated stablecoins.
Mastercard expands on-chain settlement in bets on stablecoins and always-on funding Read More »
oinDesk Indices presents its daily market update highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1941.81, down 2.6% (-51.57) since 4 PM ET Monday. Two of the 20 assets are trading higher. Leaders: NEAR (+3.2%) and ICP (+0.7%). Lagging behind: XLM (-8.4%) and AAVE
Stellar (XLM) falls 8.4%, leading index lower Read More »
