Business – Page 370

Spanish lender BBVA joins stablecoin venture by EU banks to challenge digital dollars

BBVA, Spain’s second-largest bank by assets, said it joined Qivalis, a group of lenders aiming to introduce a regulated euro stablecoin and challenge the dominance of digital dollars. By adding BBVA, which has $800 billion in assets, the group now includes a dozen major EU banks, including BNP Paribas, ING and UniCredit. The project’s goal […]

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Bitcoin slips towards $70,000 as on-chain data flag carries market and traders bet Fed holds in April: Asia Morning Briefing

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Good morning, Asia. Here’s what’s making news in the markets: Welcome to the Asia Morning Briefing, a daily overview of top stories in US hours and an overview of market movements and analysis. For a detailed overview of US markets, see CoinDesk’s Crypto Diary Americas. Bitcoin heads into the Asian trading day with on-chain data

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BTC under pressure as US tech sector stumbles

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Bitcoin BTC$76,073.52 fell back below $74,000 in the early stages of the US session, with the rally from Tuesday’s lows quickly fading as weakness in tech stocks weighed on the crypto. The Nasdaq 100 was 1% lower after the previous day’s drop of 1.5%. The software sector continued its slide, with the thematic iShares Expanded

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BTC might just be another software name and that’s bad news

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Bitcoin is increasingly behaving like a software stock, and its recent correction is unfolding alongside the broader software selloff. The relationship between bitcoin and software stocks has strengthened significantly. On a 30-day rolling basis, bitcoin’s correlation with the iShares Expanded Tech Software ETF, (IGV) stands at a high 0.73, according to ByteTree. IGV is down

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Nomura pushes back on crypto retreat concerns as it tightens risk controls

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Nomura Holdings pushed back against suggestions it is losing confidence in crypto, saying tighter risk controls at its Laser Digital unit are designed to limit short-term earnings swings while focusing on long-term strategies, the bank told CoinDesk in emailed comments on Wednesday. “Given the nature of the crypto-asset business, we recognize that a certain level

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US regulator declares do-over on prediction markets, throwing out Biden-era ‘robbery’

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The U.S. government is formally reversing its previous position to ban certain activities of prediction market firms such as Kalshi and Polymarket, with the chairman of the U.S. Commodity Futures Trading Commission, Mike Selig, on Wednesday moving a proposed rule on event contracts back from 2024 and scrapping an earlier announcement that he said confused

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Kyle Samani steps away from Multicoin Capital

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Kyle Samani, co-founder of crypto investment firm Multicoin Capital, is stepping down from his role as CEO, he announced Wednesday in a post on X. “It’s a bittersweet moment for me because my time at Multicoin has been one of the most meaningful and rewarding of my life,” Samani wrote. “After nearly a decade in

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Wall Street giant CME Group is looking at its own ‘CME Coin’, CEO says

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CME Group CEO Terry Duffy has suggested that the derivatives giant is looking into launching its own cryptocurrency. In response to a question from Morgan Stanley’s Michael Cyprys during the company’s recent earnings call, Duffy confirmed that the firm is exploring “initiatives with our own coin that we could potentially put on a decentralized network.”

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DOJ emails show Coinbase co-founder discussed meeting with Jeffrey Epstein during 2014 investment talks

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Newly declassified Justice Department documents reveal that Coinbase co-founder Fred Ehrsam was involved in emails regarding a $3 million investment from Jeffrey Epstein in 2014, long after Epstein’s first conviction. While Epstein’s stake was less than 1% and he had no management role, the records show that Ehrsam expressed interest in a meeting during the

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Europe’s role in the next tokenization wave

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Welcome to our institutional newsletter, Crypto Long & Short. This week: Lukas Enzersdorfer-Konrad on how EU regulatory clarity could allow tokenized markets to scale Andy Baehr tells BNB to “dress up” Top headlines institutions should be aware of by Francisco Rodrigues “Bitcoin’s Draws Compress as Markets Mature” in Chart of the Week -Alexandra Levis Expert

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