by Vincent Muthee The International Monetary Fund (IMF) has issued a warning against the rapid rise of dollar-denominated stablecoins. The agency is arguing that the sector’s accelerating growth threatens monetary sovereignty in weaker economies. Stablecoin market now exceeds $300 billion, with more than 97% of tokens pegged to the U.S dollar. This concentration attracts concerns […]
Coinbase (COIN), the largest cryptocurrency exchange in the US, has experienced a significant decline in its stock valuation, dropping nearly 40% from its peak of $444 in July to its current trading level of around $271 per share. This, amid market fluctuations and heightened volatility in the broader crypto market, impacting the exchange’s stock performance. […]
Key Takeaways The company plans to hold its Bitcoin reserves unless faced with a liquidity crisis lasting decades. Recent capital raises and historical performance support the firm’s commitment to Bitcoin as a core treasury asset. Share this article Strategy CEO Phong Le said on Friday that the company would only consider selling Bitcoin in the […]
by Vincent Muthee Bitcoin (BTC) has made a staggering move past $90,000 to reach above $92,000 as the market rebounds strongly. This price action has been fueled by various factors including institutional greenlight, fresh liquidity boost and growing investor optimism driven by a potential favorable policy move by the US Federal Reserve. BTC Reclaims $91,000 […]
Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been […]
Binance has entered a new chapter after appointing co-founder Yi He as co-CEO. She now shares the top job with Richard Teng, who took over the role in late 2023. The move strengthens Binance’s leadership bench as the exchange pushes for stronger global compliance and broader Web3 expansion. Yi He Steps Into Shared Leadership Role […]
Chainlink (LINK) is once again in the spotlight across the cryptosphere after the launch of the first U.S. Chainlink-focused ETF sparked a sharp price rebound and renewed institutional interest. LINK surged more than 20% in 24 hours, trading around $14.4 as volumes and market participation accelerated. Related Reading Chainlink ETF Launch Sparks Strong Market Reaction […]
FTMO (https://ftmo.com/en/faq/), a global leader in modern prop trading, has completed the acquisition of OANDA Global Corporation (“OANDA”), one of the world’s leading online trading groups. The transaction has been in process since the beginning of this year, when FTMO signed a purchase agreement with the previous owner, CVC Asia Fund IV (“CVC”), subject to […]
by Enoch Mwathwa Sony Bank is moving deeper into digital finance as it prepares to launch a USD-pegged stablecoin for the U.S. market by 2026. The move positions Sony alongside Ripple and Circle, two of the sector’s top stablecoin issuers. It also signals the company’s push to unify payments across its vast global entertainment ecosystem. […]
After a brief period of consolidation and a bullish uptick to around $93,000 at the end of last week, the Bitcoin price has once again dipped toward the $85,000 mark, recording a significant 7% drop on Monday, according to data from CoinGecko. Market expert Shanaka Anslem has pointed to what he refers to as “the […]
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