Business

Unlimit launches Stable.com, a decentralized clearinghouse built for Stablecoins

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Unlimit has launched Stable.com, a decentralized clearinghouse built specifically for stablecoins, the fintech company said in a press release on Tuesday. The firm said the service is the first to pair unreleased stablecoin swaps with direct global off-ramps, aiming to make dollar-pegged tokens more convenient and easier to use. Stable.com lets users trade between major […]

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Sanctioned Cambodian lender Huione, linked to illegal crypto, Faces Bank Run

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Cambodia’s Huione Pay, a central hub in the Huione family of financial firms targeted by US sanctions, froze withdrawals on Monday and suspended business for more than a month, sparking panic among users who rushed to headquarters to seek access to their savings, according to local media. Regulators and US authorities have long warned that

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Bear Trap Discovered As Ripple Token Test Drops Below $2

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XRP broke below the psychological $2.00 level on high selling volume before staging a partial recovery, highlighting the intensified volatility as bulls and bears battle for control in a critical inflection zone. • XRP briefly dipped below $2.00 as Monday’s crypto session saw broader risk-off positioning• The volume increased to 149.1 million. – more than

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Michael Saylor and strategy (MSTR) raise cash to fund preferred dividend

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Facing questions from critics about its ability to fund dividends on its various classes of preferred stock, Strategy (MSTR) and its executive chairman Michael Saylor announced early Monday the creation of a reserve of US$1.44 billion. The reserve was raised via last week’s sale of common stock, and the company initially intends to keep enough

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Canada Eyes Stablecoin Rules as Scotiabank Marks Limited Market Impact

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As Canada turns to stablecoin regulation, Scotiabank argued the move is unlikely to shake up domestic markets. Any framework is really about upgrading payment speed, efficiency and 24/7 settlement, rather than managing systemic risk, economist Derek Holt wrote in last week’s report. In November, the government committed to legislation that will regulate stablecoins backed by

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Bitcoin, Ether, Solana Treasuries Lead Decline in Crypto Stocks; NAKA, MTPLF, HSDT slide above 10%

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Crypto-related stocks started December lower like bitcoin BTC$86,563.37 tumbled towards $84,000 during the US morning hours. Shares of Coinbase (COIN), Gemini (GEMI), and Galaxy Digital (GLXY) fell nearly 6%. Crypto mining stocks were also hit, with MARA Holdings ( MARA ), Riot Platforms ( RIOT ), and Hive Digital ( HIVE ) falling 7%-9%. Bitcoin

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