Business – Page 99

Canada Eyes Stablecoin Rules as Scotiabank Marks Limited Market Impact

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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BONK falls 9% as technical breakdown overshadows Swiss ETP debut

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BONK fell 9.32% to $0.000008805 over the past 24 hours, extending a steep decline that pushed the Solana-based memecoin to new cycle lows. The decline unfolded despite a notable milestone for the asset last week: Bitcoin Capital AG listed the first BONK exchange-traded product (ETP) on Switzerland’s SIX exchange on November 27. The breakdown began

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Michael Saylor’s Strategy (MSTR) manages big bounce after early Monday dip

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An overnight drop in the price of bitcoin combined with a hard-to-digest capital raising to send Strategy ( MSTR ) shares down 12.5% to their weakest level in nearly 15 months in US morning trading on Monday. And yet, despite no rejection in the price of bitcoin BTC$86,815.51 – which remained close to session lows

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US FDIC chief says first Stablecoin regulations headed for proposal this month

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The acting head of the US Federal Deposit Insurance Corp. said the banking regulator expects to begin proposing rules for stablecoin issuers by the end of December, according to testimony Travis Hill is preparing to deliver Tuesday before the House Financial Services Committee. First up on the regulator’s agenda for implementing the Guiding and Establishing

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$11T Asset Management Giant Vanguard Provides Client Access to Crypto ETFs

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Vanguard, one of the world’s largest asset managers with about $11 trillion in assets under management, will begin allowing clients to trade cryptocurrency ETFs and mutual funds on its brokerage platform starting Tuesday, according to Bloomberg. “Cryptocurrency ETFs and mutual funds have been tested through periods of market volatility, performing as designed while maintaining liquidity,”

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Bitcoin (BTC) Mining Earnings Fall For Fourth Month In A Row: JPMorgan

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Bitcoin BTC$86,327.55 mining profitability fell for a fourth straight month in November, according to a Monday report from JPMorgan (JPM). Daily block reward gross profit also fell 26% from the previous month, analysts Reginald Smith and Charles Pearce wrote. The Bitcoin network’s hash rate fell 1% to an average of 1,074 exahashes per second (EH/s)

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Prediction Market News: Kalshi Makes Effort For Tokenization

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Kalshi is now offering tokenized versions of its event-contract bets on Solana, the company told CNBC, marking its clearest bid yet to attract crypto traders who have retreated to on-chain platforms like Polymarket. The setup tokenizes Kalshi’s existing event markets, spanning politics to macro data, and makes them tradable on Solana, according to Monday’s report.

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11% down as crypto sell-off overshadows ETF launch news

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Oracle network Chainlink’s native token broke below $12 on Monday as the broader crypto market pullback overwhelmed anticipation for the token’s US spot ETF debut. The LINK token fell more than 11% over the past 24 hours, with a bearish technical picture pointing to a breakdown, noted CoinDesk Research’s technical analysis tool. The weakness came

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US House Lawmakers Describe Complaints About Government ‘Choke Point 2.0’

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The US government deliberately tried to hold back crypto development for years, according to a report released by US Representative French Hill, who has been at the center of the congressional push to establish crypto policies. The Republican chairman of the House Financial Services Committee issued a lengthy report on Monday detailing the federal government’s

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