Standard Chartered and Coinbase have expanded their partnership to build crypto infrastructure for institutional clients. As part of the partnership, the duo will explore offerings across trading, prime services, custody, staking and lending, the British multinational bank announced on Friday. “We aim to explore how the two organisations can support secure, transparent and interoperable solutions … Read more
Artificial intelligence-focused stocks are coming under pressure on Friday, dragging tech-related equities and bitcoin BTC$90,194.29 lower during the early U.S. session. Chipmaker Broadcom (AVGO), the ninth largest asset by market cap, tumbled 10% despite strong earnings as its outlook disappointed investors’ lofty expectations. The Nasdaq index was down over 1% in the first hour of … Read more
Trader sentiment toward XRP has been shifting into bullish territory on social media this week, according to market intelligence platform Santiment, and at the same time, the streak of inflows into the token’s exchange-traded funds has continued. Retail traders are staying optimistic toward XRP (XRP) as it hovers around the $2 mark, with the week … Read more
Five digital asset firms have received conditional approvals Friday to become federally chartered trust banks by the Office of the Comptroller of Currency (OCC) in a major step to bring U.S. dollar stablecoin issuers under federal regulatory oversight. Blockchain firm Ripple and Circle’s (CRCL) First National Digital Currency Bank are on the list, which also … Read more
HBAR trades lower Thursday after breaking through multiple technical levels during an afternoon selloff that pushed the token down 4% to $0.1247. The native token of the Hedera network posts a $0.0082 range representing 6.4% volatility as resistance at $0.1320 proves insurmountable for bulls attempting to extend gains. Volume patterns reveal heightened institutional participation throughout … Read more
DOT$2.0275 suffered a technical breakdown during Friday’s session as the token plunged from a high of $2.09 to $1.97, erasing its previous rally momentum. The decline occurred on heavy volume that reached 284% above normal levels, according to CoinDesk Research’s technical analysis model. The model showed that the token broke support at $2.05 as selling … Read more
Interactive Brokers will now allow retail investors to fund individual brokerage accounts with stablecoins, a step aimed at keeping pace with the increasingly competitive retail trading market, Bloomberg reported Friday. The Greenwich, Connecticut-based brokerage firm competes with rivals including Robinhood Markets Inc. and Charles Schwab Corp. and earlier this year expanded its cryptocurrency trading capabilities … Read more
Tether, the crypto firm behind the world’s largest stablecoin, USDT USDT$1.0004, is aiming to acquire popular Italian football club Juventus FC, boosting its minority stake to 100%. The firm said Friday that it has submitted a binding proposal for majority shareholder Exor’s 65.4% stake in the club in an all-cash offer, according to a Friday … Read more
Venezuelans are already heavily reliant on blockchain technology for banking after suffering through a decade of economic pressures; however, usage is likely to keep growing if conditions worsen in the South American country, blockchain intelligence firm TRM Labs says. As regional and geopolitical tensions continue to rise, driven in part by US-Venezuela tensions, causing macroeconomic … Read more
After a 13-page letter from investment powerhouse Citadel Securities advised the U.S. Securities and Exchange Commission that decentralized finance (DeFi) protocols handling tokenized securities demand a closer regulatory grip, the industry answered back with its own correspondence on Friday, calling the arguments “baseless.” “While we share Citadel’s aims with respect to investor protections, orderly markets, … Read more