Business

BTC Hashrate Sees Sharpest Post-Halving Drop Since 2024 Amid China Machine Shutdowns

Business / Leave a Comment

Bitcoins BTC$89,629.86 The 30-day simple moving average (SMA) hashrate has recorded its steepest decline since the April 2024 halving, according to Matthew Sigel, head of digital assets research at VanEck. The Bitcoin hash rate measures the total computing power that secures the network. Former Canaan chairman Jack Kong said in a post on X that […]

BTC Hashrate Sees Sharpest Post-Halving Drop Since 2024 Amid China Machine Shutdowns Read More »

SBI, Startale to Launch Regulated Yen Stablecoin for Global Settlement

Business / Leave a Comment

*** NOT FOR PUBLICATION – CONNECTED UNTIL 8PM ET DEC 15.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 »

PayPal, issuer of PYUSD, applies for license as an industrial bank in Utah

Business / Leave a Comment

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 dives 5% after breaking rising trend support

Business / Leave a Comment

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, home of Coinbase, Strategy shares, apply for 23-hour trading

Business / Leave a Comment

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 »

Why are BTC, XRP, ETH and SOL down today and what’s next

Business / Leave a Comment

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 »

HBAR Slips to One-Year Low as Crypto Market Plunges

Business / Leave a Comment

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 »

US SEC chief warns watchdogs must be restrained from harnessing crypto’s power to snoop

Business / Leave a Comment

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 »

Scroll to Top