Tag: Digital

Bitcoin To $200K? Galaxy Digital CEO Reveals The ‘Biggest Bull Catalyst’

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

Galaxy Digital Solana Dump? 200K SOL Hits Coinbase

Key Notes Lookonchain flagged a Galaxy Digital’s transfer of $39.1 million worth of SOL to Coinbase. On September 15, Galaxy Digital scooped up 1.2 million SOL, suggesting varying approaches to Solana. SOL price has now dropped to $193.18 amid the altcoin market rout. Blockchain analytics platform Lookonchain has identified the massive transfer of Solana SOL $194.9 24h volatility: 4.2% Market cap: $106.22 B Vol. 24h: $11.20 B from Galaxy Digital to Coinbase. To back its claims on X, the protocol shared an Arkham Intelligence link to the transaction. The sudden…

China Opens Shanghai Digital Yuan Hub for Cross-Border, Blockchain Services

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China’s central bank has opened a new operations center for the digital yuan in Shanghai. The center will oversee platforms for cross-border payments, blockchain services and digital assets as part of the digital yuan’s ongoing development. State-run Xinhua News Agency reported the news on Thursday, citing a statement from the People’s Bank of China. According to Xinhua, the center is designed to promote the digital yuan’s role in global finance. With the launch, officials unveiled a cross-border payments platform, a blockchain service platform and a digital asset platform. The hub is one…

Mid-2029 A Fair Timeline For Digital Euro

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The digital euro, the European Union’s long-planned central bank digital currency (CBDC) project, is facing delays, with its launch now expected around mid-2029. The EU’s digital euro could become a reality in 2029, European Central Bank Executive Board member Piero Cipollone said in a Bloomberg Future of Finance event Tuesday in Frankfurt. “The middle of 2029 could be a fair assessment,” he said, adding that the ECB has been actively discussing the project at the level of EU member states. If correct, Cipollone’s timeline would signal another delay for the…

FTX Trust Seeks to Claw Back $1B from Genesis Digital

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The entity responsible for handling cryptocurrency exchange FTX’s bankruptcy filed a lawsuit seeking to recover more than $1 billion in funds sent by its former CEO, Sam “SBF” Bankman-Fried. In a Monday filing in the US Bankruptcy Court for the District of Delaware, the FTX Recovery Trust filed a complaint against crypto mining company Genesis Digital Assets (GDA), its affiliates and two of its co-founders as part of its efforts to recover $1.15 billion of “commingled and misappropriated funds.” According to the filing, the funds were directly tied to Bankman-Fried’s “fraud…

‘Digital gold’ thesis difficult to prove as Bitcoin stalls

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A massive $1.8 billion wave of liquidations is hitting Bitcoin traders, while gold trades near all-time highs. Summary Gold hits new highs as Bitcoin sees $1.8 billion in liquidations. Shawn Young, Chief Analyst at MEXC Research, notes that the recent selloff serves as a classic reminder of crypto’s structural fragility. In a comment for crypto.news, Young noted that 407,000 traders faced liquidations as Bitcoin (BTC) fell below $112,000. Gold and Bitcoin are once again showing divergent trajectories. While gold reached a new all-time high of about $3,790 per ounce on…

Public Bitcoin Miners Defy Crypto Crash: Applied Digital, Cipher, and IREN Lead Double-Digit Gains

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While crypto prices faceplanted over the last day, publicly traded mining firms pulled a power move with gains lighting up Monday’s scoreboard. Out of the 20 largest miners by market cap, only three slipped into the red—and one of those was an ethereum treasury outfit. Crypto Miners Boom Despite Bitcoin’s Slump—20 Public Mining Firms Post […] Original

First China Stablecoin Launches Amid Digital Geopolitical Race

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The first regulated stablecoin tied to the international version of the Chinese yuan (CNH) meant for foreign exchange markets, and a South Korean won (KRW) stablecoin launched this week as the global stablecoin race heats up. Financial technology company AnchorX debuted its AxCNH yuan-pegged stablecoin on Wednesday at the Belt and Road Summit in Hong Kong, according to Reuters, following a regulatory pivot in China embracing stablecoins for international markets. The stablecoin is meant to facilitate cross-border transactions with countries in the Belt and Road initiative, an infrastructure project building…

Bitcoin Is ‘Digital Capital’ That Outpaces Traditional Assets: Saylor

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

CFTC Appoints Crypto Leaders to Digital Asset Markets Subcommittee

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The Commodity Futures Trading Commission (CFTC) has appointed new members to its Global Markets Advisory Committee (GMAC) and subcommittees, adding several crypto industry leaders to the Digital Asset Markets Subcommittee (DAMS) — a move that underscores the regulator’s continued engagement with the sector.  CFTC Acting Chair Caroline D. Pham named four new DAMS members: Katherine Minarik, chief legal officer at Uniswap Labs; Avery Ching, co-founder and chief technology officer of Aptos Labs; James J. Hill, managing director and head of structure innovation at BNY; and Ben Sherwin, general counsel at…