Iran’s central bank signals the imminent launch of the digital rial, a central bank digital currency (CBDC), to streamline payments and bolster international financial integration despite sanctions. Iran’s Central Bank Sends Clear Signals on the Digital Rial Breakthrough Central Bank of Iran (CBI) Governor Mohammad Reza Farzin discussed the digital rial, Iran’s central bank digital […] Source CryptoX Portal
ZA Bank combines traditional banking with digital assets to offer cryptocurrency services to retail users. Bitcoin Trading for Retail Customers in Asia Zhong An (ZA) Bank, a digital bank in Hong Kong, has declared that it has become the first bank in Asia to provide retail customers with bitcoin trading services. The launch of the […] Original
Bitget has announced its integration of bank transfers in Vietnam through QR codes, making it the first exchange to adopt this payment method. This new feature allows users to deposit Vietnamese Dong (VND) and withdraw funds seamlessly, enhancing accessibility to the crypto market. By utilizing Viet QR, a standardized QR code system that enables secure […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Justin Bons, founder and CIO of Cybercapital, a European cryptocurrency fund, alerted about the vulnerability of smaller parties in the case of a bitcoin bank run. A price drop event would trigger the hypothetical event, forcing miners to shut down their operations due to unprofitability and affecting network operativity. Cybercapital CIO Justin Bons Alerts About […] Original
Prediction markets are usually structured as yes/no bets on a given outcome; each share pays out $1 (in cryptocurrency, in Polymarket’s case) if the bet proves correct, and zero if not. The price of a share, expressed in cents on the dollar, indicates the market’s assessment, when translated into percentage terms, of the prediction coming true. Source
The substantial increase in Goldman Sachs’ bitcoin ETF holdings demonstrates the growing interest of institutional investors in bitcoin. Institutional Investments in Bitcoin Keeps Rising The U.S. Securities and Exchange Commission’s (SEC) 13F report for Q3 ending Sept. 30 revealed that Goldman Sachs now owns $710 million in cryptocurrency assets. The 13F report is a mandatory […] Original
Other top-tier banks/wealth management operations, including Morgan Stanley, Cantor Fitzgerald, Royal Bank of Canada, Bank of America, UBS and HSBC, didn’t add to or subtract much from their positions. A new entrant was Australian investment bank Macquarie Group, which purchased 132,355 shares of IBIT worth $4.8 million. Wells Fargo, which has a very minor stake in the ETFs, held most of its shares in the Grayscale Bitcoin Trust (GBTC) and Grayscale Bitcoin Mini Trust (BTC). Source
Bitcoin pared some of Thursday’s losses during the European morning to trade above $90,000. BTC remains over 1% lower in the last 24 hours, a possible sign of profit-taking following its surge above $93,000 earlier in the week. The drop was catalyzed by Fed Chair Jerome Powell’s hawkish comments that damped hopes of swifter interest-rate cuts. “The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said in prepared remarks at a Dallas conference. As of Friday, the market is pricing…
ES Pablo Hernández de Cos has called for digital euro implementation and helped put in place global crypto banking rules. Source
By the numbers: Tether’s USDT and Circle’s USDC stablecoins have produced $93 million and $28 million in revenue, respectively, in the last seven days, according to DefiLlama data, while the Ethereum, Tron and Solana networks saw $19 million, $11 million and $9.6 million. Solana-based protocols and trading bots, meanwhile, are right behind. Trading bot platform Photon and memecoin powerhouse pump.fun have both generated over $6 million in the last seven days, exceeding Ethereum-based decentralized finance, or DeFi, heavyweights such as Maker, Lido or Aave in terms of revenue. Source