By James Van Straten (all times one unless otherwise stated) It’s a new day, but the same story: BTC$111.574.40 Fighting and ETH$4,010.81 Trying to keep $ 4,000 range. Crypto Bulls can take some comfort in the fact that there is only one week back in September, a historic Bearish month, and what is usually the […]
Raoul Pal, founder of Global Macro Investor, has drawn attention to a broad circulated chart comparing Bitcoin’s (BTC) movements with global M2 money. The diagram shows that since the beginning of 2023, Bitcoin has tended to trace the global M2 money amount with a consistent 12-week delay, suggesting that changes in liquidity conditions filter through
The most important driver behind BTC’s break from global m2 Read More »
Redotpay, a Hong Kong-based payments Fintech, said it raised $ 47 million in strategic investments, bringing Coinbase Ventures in as a new backman in a round that lifted his valuation over $ 1 billion, giving the so-called unicorn status. The round included contributions from existing investors Galaxy Ventures and Vertex Ventures, the company said in
Redotpay achieves unicorn status with $ 47 million. Read More »
Hong Kong Monetary Authority (HKMA) warned investors that it has not approved any stableecoin issuers who feel the marketing of such products as illegal, SCMP reports. The statement came after Hong Kong-based Anchorx announced the introduction of Axcnh, a stableecoin tied to the offshore Chinese yuan. The company said it had a license from Kazakhstan’s
Hong Kong Monetary Authority (HKMA) warns against unregulated stableecoin issuing Read More »
Nine major European banks have come together to launch a euro-denominated stableecoin regulated under the trade block’s markets in Crypto Assets regime (Mica). The bank giants involved are: Ing, Banca Sella, KBC, Danske Bank, Dekabank, Unicredit, SEB, Caixabank and Raiffeisen Bank International. Earlier this year, Coindesk reported that Dutch Bankt was working on a stablecoin
Nine European banks are joining forces to issue mica-compatible euro stableecoin Read More »
One ETH$4.291.91 Whale took a loss of several million dollars on his bullish efforts Thursday after Cryptocurrency’s award dipped under $ 4,000 for the first time since August 8th. The whale address labeled 0xa523 had its geared bullish position worth 9,152 ETH ($ 36.4 million) with power liquidated by the decentralized exchange hyperliquid, according to
Ether Whale Books $ 45 million Loss when eth falls below $ 4K Read More »
M2 Capital Limited, the investment arm for UAE-based M2 Holdings, has invested $ 20 million in Ethena’s Governance Token, ENA. The move emphasizes a push to connect investors in the Middle East with new digital asset infrastructure at a time when the region is seeking a greater role in global funding. Ethena is best known
M2 Capital invests $ 20 million. In ethhena to expand digital assets in the Middle East Read More »
ETH$4.015.65 Led large cryptocurrencies lower in Thursday’s Asian trade times as the odds of a US government shield hit record heights on the decentralized betting platform polymarket. The price of YES-side shares for the bet “US Government Shutdown in 2025?” rose to 77%, the highest since the contract’s launch in January. Dealers essentially a 77%
Ether (ETH) dipping under $ 4K, BTC, XRP Slide as the US Government’s closure risks Read More »
The Australian Treasury revealed a new draft of proposals for cryptic businesses in the country, which required them to have licenses and be treated as financial products. The proposal requires that cryptic companies have financial service licenses, which effectively brings them under the wing of the country’s securities regulator, Australian Securities and Investments Commission (ASIC).
South Korean crypto exchange Upbit is being acquired by Internet giant Naver, according to a report. The deal would bring Upbit’s parent Dunamu under the umbrella of Naver Financial, making Dunamu a full subsidiary of NAVER’s financial arm, the report said. Upbit is one of the largest crypto exchanges in the cryptic country, while Naver
South Korean Internet Giant Naver to buy Crypto Exchange Upbit: Report Read More »
