Search results: Stablecoin

The Hong Kong branch of SEBA Bank has received an in-principle approval from regulators to provide virtual asset trading services in the jurisdiction.

A U.S. court’s landmark decision to side with Grayscale on its Bitcoin ETF application to the SEC sent crypto prices upward Wednesday morning in Asia.

Bitcoin, Ether rose less than 1% in the past 24 hours while posting losses on the week. Polkadot led gains among top 10 cryptos.

Bitcoin, Ether were little changed. Cardano led gains while Solana posted losses as experts say crypto prices are looking up.

Bitcoin and other major cryptocurrencies face headwinds on the first trading day of the week in Asia following the U.S. central bank’s Jackson Hole Symposium remarks, while Tron bucks the trend with modest gains.

Bitcoin, Ether and other top 10 non-stablecoin cryptocurrencies held steady, despite Fed chair Jerome Powell’s hawkish comments on U.S. inflation.

Even as the value of assets in DeFi dips, service provider revenues stand strong, undeterred by the US$73 million Curve Finance breach, Forkast Labs data shows.

From landmark business decisions to looming central bank announcements, the crypto landscape this week teemed with events that may shape the course of the market.

SOL reversed Thursday’s gains from its Shopify partnership while XRP fell to a six-week low. Bitcoin and Ether inched up during afternoon trading but struggled to gain more upward momentum.

Bitcoin dropped to around the US$26,000 level Friday morning in Asia, giving up much of the previous day’s gains. Ether also moved lower.

SOL was the biggest gainer in the top 10 following its Shopify deal. Bitcoin and Ether also rose along with most top 10 cryptocurrencies.

Bitcoin rose on Thursday morning in Asia to trade in the US$26,500 range. Ether also moved up. Solana led the winners in the top 10 non-stablecoin tokens.

Bitcoin recaptured the US$26,000 mark today, while Solana fell to a six-week low. BNB was the biggest gainer in the top 10, despite allegations against Binance resurfacing.

This final installment of a 3-part series on the U.K. digital asset industry looks at the politics driving the British crypto conversation. PM Rishi Sunak is a believer, but an election’s coming up, and his rivals appear less keen on turning the U.K. into a global crypto hub.

Bitcoin fell Wednesday morning in Asia to trade below US$26,000. Ether also dropped as all other top 10 non-stablecoin tokens traded flat to lower.

Bitcoin holds its ground above US$26,000, but the top 10 cryptocurrencies see a dip. BNB remains subdued as Binance’s payment partner woes intensify.

Coinbase Global announced Monday that it is acquiring an equity stake in Circle Internet Financial, the issuer of the USDC stablecoin.

Bitcoin stabilized Tuesday morning in Asia after dropping below the key US$26,000 support level over night. Ether also dipped but held the US$1,600 mark.

Bitcoin stabilized above the US$26,000 mark following last week’s sell-off. Top cryptos struggle to gain momentum as Bitcoin ETF applications continue to be delayed.

Fractionalizing assets on-chain can greatly increase liquidity, security and market efficiency, writes Hamilton Keats. Here are the key trends and challenges.

This first installment in a 3-part series on the U.K. digital asset industry looks at recent efforts to regulate crypto and expand the sector.

The U.S. SEC could call for South Korea’s cooperation in questioning Daniel Shin, co-founder of Terraform Labs.

Bitcoin edged up on Monday morning in Asia to trade above US$26,000, after sliding over 10% for the week. Ether also moved higher but remained below US$1,700.

Macroeconomic factors hit investor sentiment while a U.S. judge’s consent to SEC over its ongoing tussle with Ripple Labs affects crypto prices.

Bitcoin traded at around US$26,800 on Thursday morning in Asia after hitting a two-month low of around US$25,400. Ether fell below US$1,700.

Global institutional intrigue in digital currencies grows but the cryptocurrency market shows no signs of rallying.

Bitcoin, Ether and Top 10 crypto fell on Thursday morning in Asia. Coinbase receives futures approval.

PayPal will pause cryptocurrency sales in the United Kingdom for a minimum of three months starting October 1.

Coinbase, the largest cryptocurrency exchange in the U.S., has obtained regulatory approval to offer crypto futures trading services to eligible clients

Bitcoin extends the day’s losses but keeps above US$29,000, while Binance’s BNB drops amid exchange’s payment service closure.

Bitcoin and Ether fell on Wednesday along with all other top 10 cryptos, NFTs moved down while U.S. stock futures steadied after a rocky Tuesday.

Bitcoin traded flat on Tuesday afternoon in Asia. Ether dipped, while most other top 10 non-stablecoin tokens traded flat to lower. Solana rose.

Most countries allow only government to mint currency, but in the land of public-private partnerships, legal tender HKD notes are issued by private banks.

Bitcoin edged higher on Tuesday morning in Asia. Ether also edged up, while other top 10 non-stablecoin tokens traded flat to higher. Solana led the winners.

Bitcoin rose slightly in the past 24 hours while Ether lost. Dogecoin and Solana were the day’s biggest losers, both dropping by over 1%, although both posted gains on the week.

Bitcoin dipped slightly, having hovered around the $29,380 level throughout the weekend. Ether and most other top 10 crypto were little changed.

Bitcoin briefly rose above US$30,000 twice this week, but failed to remain the support level despite positive catalysts in the industry like the launch of PayPal’s new stablecoin. Bitcoin will have to close the week above US$29,300 for upward momentum, industry experts told Forkast.

Bitcoin and Ether fell during Friday afternoon trading in Hong Kong, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Despite its recent crab walk, Bitcoin is in a “bullish scenario” as long as it holds US$27,500, industry experts told Forkast.

Huobi has contacted multiple data platforms to update its cryptocurrency holdings, following market talk that the it might face an insolvency issue.

Recently proposed by Singapore in collaboration with fintech heavy hitters, PBM can be a powerful tool for promoting accountability and efficiency, writes Anndy Lian. But it’s not without risks.

Bitcoin and Ether dipped on Friday morning in Asia, while U.S. CPI data points to a potential rally in the crypto market.

Bitcoin and Ether fell during Thursday afternoon trading in Hong Kong, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. With a lack of positive news catalysts, Bitcoin could fall to the US$28,500 support level, but US$27,500 is also on the table, industry experts told Forkast.

Bitcoin dropped on Thursday morning in Asia after briefly breaching the US$30,000 level. Ether also dipped, while other top 10 non-stablecoin tokens traded mixed.

Bitcoin and Ether rose during Wednesday afternoon trading in Hong Kong, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. With over 69% of Bitcoin supply inactive for over a year, long-term investors remain bullish on the world’s first cryptocurrency, industry experts told Forkast.

Rumors of arrest and insolvency plague the Huobi cryptocurrency exchange, which enjoys close ties to the Tron founder Justin Sun. How will Huobi respond?

Bitcoin and Ether fell during Tuesday afternoon trading in Hong Kong, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization. Long term investors continue accumulating Bitcoin, despite the asset’s recent price action, industry experts told Forkast.

As explored in the first installment of this two-part series, crypto funding is being used to provide small but important items to troops on the frontline. But beyond the battlelines, how can crypto help get aid to civilians in times of crisis?

Bitcoin and Ether fell during Monday afternoon trading in Hong Kong, with XRP leading losses in the top 10 non-stablecoin cryptocurrencies by market capitalization. Investor sentiment remained subdued given regulatory concerns and a lack of positive catalysts, industry experts told Forkast.

Bitcoin traded flat on Monday morning in Asia to stay just above US$29,000 as the token’s volatility rating hit a record low. The NFT market recorded losses while, in the U.S., equities traders await more earnings reports.

Bitcoin dips below US$30,000 and Ether loses ground as a mix of bleak sentiment, SEC suits and recent hacks test investor nerves.

Litecoin lost the most in the past 24 hours, followed by XRP, while Tron led gains.

Bitcoin and Ether remained stable Friday morning in Asia as Litecoin led losers among other top 10 cryptos. Coinbase execs bullish after upbeat Q2 results.

Bitcoin and Ether slipped during Thursday afternoon trading in Hong Kong, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Litecoin led the losers in the top 10, despite successfully completing its third quadrennial halving event yesterday.

Bitcoin, Ether and all other top 10 non-stablecoin cryptocurrencies dipped in Thursday morning trading in Asia, including Litecoin following its halving event.

Bitcoin was the day’s biggest gainer, rising 2.11% in the past 24 hours. Ether rose 1.11%.

Bitcoin, Ether and most other top ten tokens gained Wednesday morning in Asia, with BNB leading winners after Binance Japan launch.

Bitcoin fell in Tuesday afternoon trading in Asia, dipping below the support level of US$29,000.

Speaking at the WebX Asia conference in Tokyo, Circle’s Singapore-based vice president of strategy and policy discusses U.S. regulation, growing pains in the crypto industry and Asia’s burgeoning role as a Web3 innovator.

If Web3 wants to be an alternative to traditional finance, the industry must make itself less vulnerable to hacks and security breaches, writes Richard Meissner.

Bitcoin and Ether fell in early Tuesday afternoon trading in Asia, with Bitcoin slipping below support at US$29,000. Ether fell more than 2%.

Tether Holdings Limited, the issuer of stablecoin USDT, released its consolidated reserves report for the second quarter of 2023 on Monday, showing consolidated assets of at least US$86.5 billion against total liabilities of US$83.2 billion. Tether reported an increase of approximately US$850 million in its excess reserves, totaling around US$3.3 billion as of June 30, the close of the quarter. 

Bitcoin and Ether slipped during Monday afternoon trading in Hong Kong along with all other top 10 non-stablecoin cryptocurrencies by market capitalization, except the BNB token, with crypto markets poised for an uneventful month ahead, industry experts told Forkast.

Bitcoin and Ether prices dropped on Monday morning in Asia, but remained above key support levels. Altcoins fell on Curve Finance hack.

Bitcoin and Ether dropped in afternoon Asia trading. Dogecoin, Polygon led losses while Tron and Litecoin gained.

Bitcoin and Ether prices were largely mixed but running into the red on Friday morning in Asia, looking to end the week with losses after a period of directionless trading.

Bitcoin and Ether slipped during Thursday afternoon trading in Hong Kong, while all other top 10 non-stablecoin cryptocurrencies by market capitalization rose, except Dogecoin.

Bitcoin gained Thursday morning in Asia, but not enough to breach US$29,500 after the Fed raised interest rates by the expected quarter point.

Bitcoin and Ether slipped during Wednesday afternoon trading in Hong Kong, while most other top 10 non-stablecoin cryptocurrencies by market capitalization rose, led by Dogecoin.

Bitcoin traded flat on Wednesday morning in Asia as risk-aversion remained the market theme, though the token managed to hold above US$29,000.

Bitcoin and Ether fell during Tuesday afternoon trading in Hong Kong, along with most other top 10 non-stablecoin cryptocurrencies by market capitalization except Dogecoin.

Arkham Intel Exchange on Monday said two blockchain sleuths had won the bounty for new evidence of wallets owned by Terraform Labs and its imprisoned co-founder Kwon Do-hyeong.

$1 trillion in capital is needed to fight climate change, but investment money is sitting on the sidelines, going unused. How can we close this funding gap?