Business – Page 255

New IMF report on Stablecoin risk sparks outrage from crypto experts

Amid intensified international focus on stablecoins, the International Monetary Fund (IMF) has released a 56-page report detailing what it sees as the main risks associated with their adoption. The report draws parallels from the claims made by many other central banks and international financial organizations regarding the threat stablecoins represent to government monetary control, ultimately […]

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HBAR coincides with the broad crypto market in the middle of the volume spike

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HBAR retreated 2.2% in Thursday’s session as technical selling overwhelmed new ETF speculation. The token decisively broke below the $0.1380 support on volume that peaked 47% above the daily average of 35.5 million tokens. The collapse accelerated around 09:00 GMT when 52.21 million tokens changed hands. Bears drove prices to session lows near $0.1367 before

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Turkey’s crypto exchange Paribu buys CoinMENA for up to $240m

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Paribu, one of Turkey’s largest digital asset platforms, has acquired crypto exchange CoinMENA for up to $240 million, marking the country’s largest fintech acquisition and its first cross-border crypto deal, the company announced on Friday. Based in Bahrain and operating with licenses in both Bahrain and Dubai, CoinMENA is one of the top local exchanges

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MARA’s ‘discount’ is a myth once debt is included, warns VanEck’s Sigel

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The two largest bitcoin listed companies, Strategy ( MSTR ) and MARA Holdings ( MARA ), have each fallen about 40% over the past six weeks. CoinDesk Research has widely covered the MSTR correction, but MARA, down 55% year-over-year, is also attracting attention as some investors see it as cheap at current levels. Matthew Sigel,

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Russian banking giant VTB becomes country’s first to offer spot crypto trading: Report

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VTB Bank, Russia’s second-largest lender by assets, plans to start offering spot crypto trading to qualified investors next year, becoming the first institution in the country to offer clients direct, deliverable trading in major cryptocurrencies such as bitcoin BTC$90,348.05 and ether ETH$3,094.05according to the Russian media RBU. The facility will be offered to investors with

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Uniswap’s Lindsay Fraser to run Policy Shop at Blockchain Association

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The Blockchain Association has hired Uniswap Labs’ Lindsay Fraser to lead its policy operations as the crypto industry pushes for near-term action from the US Congress on a bill to establish the regulatory playing field for digital asset markets. Fraser, who worked on policy issues for Uniswap as the industry grappled with how decentralized finance

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JPM is sticking to the $170,000 goal

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Despite bitcoin’s recent sharp decline, Wall Street bank JPMorgan is sticking to its volatility-adjusted BTC-versus-gold model target, which points to a theoretical price near $170,000 over the next six to 12 months. The world’s largest cryptocurrency was trading around $91,200 at the time of publication. Strategy (MSTR) is a key driver of bitcoin BTC$90,860.13with markets

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Shift to Long-Term Thinking: Crypto Daybook Americas

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By Francisco Rodrigues (all times ET unless otherwise noted) Bitcoin is hovering around $91,300 after falling more than 2.2% in 24 hours, a better performance than the broader crypto market’s 3.2% drop as measured by the CoinDesk 20 (CD20) index. The background is messy. A record-long US government shutdown has delayed key labor reports, although

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Faces Record Outflow Run As BTC Struggles To Regain Bull Trend

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BlackRock’s flagship Bitcoin ETF is seeing its heaviest redemption cycle since launch, with more than $2.7 billion withdrawn over the past five weeks as institutional flows continue to ease for year-end. The iShares Bitcoin Trust (IBIT), which ballooned into a $71 billion vehicle during Bitcoin’s run to record highs, has now recorded five straight weeks

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Polymarket wants to be the house – Critics say it’s a problem

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Prediction market Polymarket is hiring an in-house market-making team that will deal directly with clients – a move that could blur the lines between a prediction market and a traditional sportsbook. The company has recently been talking to traders and sports bettors about building the new desk, according to Bloomberg, citing people familiar with the

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