Menon mentioned how Project Guardian, led by MAS and industry partners, is tokenizing foreign exchange, bonds, and funds to enhance global liquidity, streamline cross-border transactions, and improve operational efficiency in financial markets, with trials by major global banks. Source
Solana rallied above the $60 resistance against the US Dollar. SOL price is up over 50% in a few days and might continue to rise toward the $75 level. SOL price started a major rally above the $55 resistance against the US Dollar. The price is now trading above $60 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $55.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to move up if…
South Korean pension fund, National Pension Service (NPS), bought nearly $20 million worth of Coinbase (COIN) shares in the third quarter, local outlet News1 reported, citing the NPS’ latest stock holding report to the U.S. Securities and Exchange Commission (SEC). Source
A recent video from blockchain security firm CertiK made a series of “inaccurate” claims about a potential security vulnerability in Solana’s crypto-enabled Saga phone, Solana Labs has said. In a Nov. 15 post on X (formerly Twitter), CertiK claimed the Saga phone contained a “critical vulnerability” known as a “bootloader unlock” attack which would supposedly allow a malicious actor to install a hidden backdoor in the phone. Ever wondered about the security of your Web3 devices? Our newest exploration reveals a significant bootloader vulnerability in the Solana Phone, a challenge…
Ethereum price remained strong and started a fresh increase above $2,000. ETH could continue to rise if it clears the $2,075 resistance zone. Ethereum is again moving higher above the $2,000 support zone. The price is trading above $2,000 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,046 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate higher if it clears the $2,075 resistance zone in the near term. Ethereum Price Reclaims $2K After a downside…
Mobile MetaMask users on the app’s v7.9.0 briefly experienced issues with transactions but the company said normalcy resumed with a recent patch shipped by developers. Following the bug fix, MetaMask advised its mobile users to update their apps to the latest version 7.10.0 as soon as possible. The problem with the previous version affected a limited number of users, said the wallet provider in a Nov. 14 update. Some MetaMask users reported vanishing transactions across a plethora of blockchain networks, noting that they were unable to locate swaps on the…
Bitcoin price restarted its increase from the $34,650 support. BTC is up over 5% and now attempting a move above the $38,000 resistance zone. Bitcoin started a fresh rally from the $34,650 support zone. The price is trading above $36,500 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance near $36,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move up if it clears the $38,000 resistance zone. Bitcoin Price Trims…
Guidelines for firms listing and delisting cryptocurrencies in New York have tightened up to better protect investors, according to the state’s financial regulator. The New York State Department of Financial Services (NYDFS) unveiled new restrictions on Nov. 15 which mandate crypto companies submit their coin listing and delisting policies for NYDFS approval. Company policies will be measured against more stringent risk assessment standards set forth by the NYDFS to protect investors. Technological, operational, cybersecurity, market, liquidity and illicit activity risks of the tokens are among the factors to be considered…
Crypto infrastructure firm Paxos has secured in-principle approval from Singapore’s regulator for a new entity that’s planning the launch of a U.S. dollar-backed stablecoin. In a Nov. 15 statement, Paxos said it received an initial nod from the Monetary Authority of Singapore (MAS) for its new entity Paxos Digital Singapore Pte. Ltd. The new firm can offer digital payment token services and plans to issue a USD stablecoin cleared under the MAS’ proposed stablecoin regulations. Upon receiving full approval, Paxos said it will be able to partner with enterprise clients…
The in-principle approval for a new Paxos Digital Singapore Pte. Ltd. entity from the Monetary Authority of Singapore allows the firm to offer its services to customers under the Payments Services Act (PSA) while awaiting full approval, the statement said. Upon receiving full approval to conduct business in Singapore, Paxos will partner with enterprise clients to issue a U.S. dollar-backed stablecoin, the firm’s leaders said. Source