Coinbase’s (COIN) “system update” scheduled for Wednesday could mark a key moment in its attempt to pivot from a crypto exchange to a broader fintech platform, with analysts saying it will likely be much more than a backend update. Coinbase will use the event to unveil a range of new products across commerce, payments and […]
Preview of crypto exchange Coinbase’s (COIN) system update Read More »
*** NOT FOR PUBLICATION – CONNECTED UNTIL 8PM ET DEC 15. *** Startale Group and SBI Holdings have signed a memorandum of understanding to develop a fully regulated, yen-denominated stablecoin for global settlement and institutional use, the companies said in a press release on Monday. The project pairs Startale’s blockchain stack, including its work on
SBI, Startale to Launch Regulated Yen Stablecoin for Global Settlement Read More »
Payments company PayPal ( PYPL ) applied for an industrial bank license in Utah, it said Monday, with the goal of creating a lending division called PayPal Bank. The company, which also operates the PYUSD stablecoin through a partnership with Paxos, said in a press release that it intends to “provide business lending solutions” to
PayPal, issuer of PYUSD, applies for license as an industrial bank in Utah Read More »
Filecoin FILE$1.2643 broke through critical technical support on Monday, with the token falling 5.1% to $1.24 as a massive surge in volume signaled institutional selling pressure, according to CoinDesk Research’s technical analysis model. The broader crypto market also fell sharply, with bitcoin recording a 3.5% drop and CoinDesk 20 4.4%. Trading volume exploded to 11.74
Filecoin dives 5% after breaking rising trend support Read More »
Nasdaq is preparing to file paperwork with the US Securities and Exchange Commission (SEC) to enable nearly 24-hour trading, aiming to match the increasingly global nature of financial markets and investor behavior, Reuters reported on Monday. According to the proposal, Nasdaq will extend the opening hours for stocks and exchange-traded products (ETPs) from 16 hours
Nasdaq, home of Coinbase, Strategy shares, apply for 23-hour trading Read More »
The U.S. Senate Banking Committee will hold no markup hearings on market structure legislation that defines how federal regulators can oversee the industry until next year, betting on a hoped-for hearing that many sought to hold at the end of this week. A spokesman for the committee said in a statement Monday that “Chairman [Tim]
Crypto market structure bill: no hearing until 2026 Read More »
Pain for crypto bulls continued on Monday as bitcoin BTC$86,122.21 remained markedly lower during US afternoon trade amid growing investor uncertainty about the macroeconomic outlook. Just after the close of US stock trading, bitcoin was down 3% over the past 24 hours at $86,000. XRP$1.9017ether ETH$2,944.27 and solana SUN$126.13 all fell more than 5%. Most
Why are BTC, XRP, ETH and SOL down today and what’s next Read More »
Hedera dived through key support levels during Sunday’s session, falling 5.8% from $0.1202 to $0.1127 as technical selling pressure overwhelmed early buying interest. The cryptocurrency established a clear bearish structure after failing to hold gains above $0.1218, with price action dominated by profit-taking near resistance levels. Volume patterns told the story of capital flows throughout
HBAR Slips to One-Year Low as Crypto Market Plunges Read More »
WASHINGTON, DC – The federal government could exploit the crypto sector’s potential for mass surveillance if it is not controlled by formal policies, said SEC Chairman Paul Atkins, who argued that the industry – alternatively – is also capable of designing systems that screen users for proper protection against illegal financing without jeopardizing their privacy.
US SEC chief warns watchdogs must be restrained from harnessing crypto’s power to snoop Read More »
Britain’s Supreme Court refused to hear an appeal in a long-running $13 billion lawsuit brought by Bitcoin Satoshi Vision (BSV) investors who upheld lower court rulings that narrowed claims against major crypto exchanges over the token’s delisting. In a brief ruling released on December 8, the court said that BSV Claims Limited’s “application does not
