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Bank of Korea nominee supports CBDC-led system with limited stablecoin role

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Shin Hyun-song, the nominee to lead the Bank of Korea, said a central bank digital currency (CBDC) and bank-issued deposit tokens should form the core of South Korea’s digital money system, with stablecoins playing a secondary role. “I expect that central bank digital currencies and deposit tokens will be able to coexist with stablecoins in […]

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STRC trading surge drives record volume and signals biggest bitcoin buy since launch

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Stretch (STRC), the perennial favorite security sold by Strategy (MSTR) to fund its bitcoin BTC$74,662.03 purchase, posted record revenue on Monday, financing the largest single-day purchase price through the company’s at-the-market (ATM) program. The world’s largest listed bitcoin holder is estimated to have added 7,800 BTC, according to STRC.live, as STRC volume rose to $1.16

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Japan’s central bank is cooling interest rate hike expectations, removing a major risk to bitcoin’s rally

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Bitcoin’s breakout past $74,000 on Monday got a helping hand from Japan. Bank of Japan Governor Kazuo Ueda cooled expectations for a rate hike at the upcoming April 28 policy meeting, signaling a more cautious stance amid uncertainty about how the Iran war will affect Japan’s economy. Such decisions have proven to spill over into

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Steve Aoki dumps his last SHIB and ETH as Bored Apes he bought for $800,000 sits at $97,000

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Steve Aoki told CoinDesk in August 2021 that NFTs would be “part of the culture” within five years. Almost exactly five years later, he is liquidating what is left of his crypto portfolio. Arkham Intelligence data shows that Aoki’s wallet sold 1.785 billion SHIB for about $10,300 and exchanged 7.25 ETH for approximately $15,900 on

Steve Aoki dumps his last SHIB and ETH as Bored Apes he bought for $800,000 sits at $97,000 Read More »

RaveDAO ranks in the top three along with bitcoin and ether with $43 million in liquidations

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RaveDAO’s RAVE token, a little-known project until last week, has burst onto the scene in dramatic fashion. It is now the third largest cryptocurrency behind bitcoin BTC$70,803.44 and ether (ETH) – not by market value, but by liquidations or forced closure of leveraged futures bets from exchanges. In the past 24 hours, exchanges liquidated $44

RaveDAO ranks in the top three along with bitcoin and ether with $43 million in liquidations Read More »

Dogecoin gains 3% against 10 cents as ether breakout drives memecoin bets

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Dogecoin is pushing higher again, with volume confirming the move, but it hasn’t cleared the level that really matters yet. The breakout looks constructive, but still early, with price gains rather than fading. News background • DOGE-related investment products saw fresh inflows after weeks of inactivity, signaling renewed institutional interest.• Broader crypto sentiment remains mixed,

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Ether outperforms bitcoin as ETF flows split, Ethereum activity jumps 41% on the week

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Ether (ETH) is pulling ahead of bitcoin in a clear rotation, with capital shifting as bitcoin ETFs see outflows and ether funds and prices move higher. ETH is up about 8% over the past 24 hours versus bitcoin’s roughly 5% gain, according to CoinDesk’s market data, extending its outperformance to about 4 percentage points over

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US lawmakers take another go at crypto tax policy with revised bill

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Congressmen Steven Horsford (D-Nev.) and Max Miller (R-Ohio) reintroduced their Digital Asset Protection, Accountability, Regulation, Innovation, Taxation and Yields (PARITY) Act late last month, in an effort to update how the US addresses crypto and taxes. Congress will deal with taxes (in general) in the coming months, and crypto may end up being part of

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