SShortSingh.
TopTechnologyAI & MLStartupsProgrammingScienceBusinessFinanceCrypto & Web3World

Crypto & Web3

LatestTopDiscussed
0
Crypto & Web3CoinDesk ·

RBI Maintains Pro-Ban Stance on Crypto Citing Tax Evasion Concerns

The Reserve Bank of India continues to advocate for an outright ban on cryptocurrencies, according to a Reuters report. The central bank's primary concern remains the potential for digital assets to facilitate tax evasion. This position persists even as governments and regulators across the world are increasingly embracing crypto and blockchain technology. India's regulatory stance stands in contrast to the broader global trend of institutional and governmental adoption of digital assets.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

XRP Ledger Upgrade Leads Validators but Faces Slow Network-Wide Adoption

The XRP Ledger has received a new software upgrade that is currently leading among the network's validators. However, when measured by total node count, the older version v3.1.3 still holds more ground across the network. A security amendment bundled with the upgrade is subject to a separate, slower voting process, further complicating full adoption. For the upgrade to fully activate, it requires approval from at least 80% of the trusted validator list.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Hedge Funds Most Bearish on Yen Since 2007, Driving Corporate Bitcoin Interest

Hedge funds have reached their most bearish position on the Japanese yen since 2007, with short bets climbing to nearly 138,000 contracts as of June 30. The sharp decline in the yen's value is creating financial pressure on Japanese companies. In response, some firms are reportedly turning to cryptocurrencies such as Bitcoin and XRP as alternative stores of value. The trend reflects growing corporate interest in digital assets amid currency instability in Japan.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Bitcoin Drops as U.S.-Iran Tensions Drive Oil Prices Higher

Major cryptocurrencies are experiencing a downturn amid escalating geopolitical tensions between the United States and Iran. Renewed airstrikes between the two nations have rattled financial markets, pushing oil prices upward. The rise in oil prices has coincided with selling pressure across digital assets, including Bitcoin. Investors appear to be reacting cautiously to the heightened conflict, shifting sentiment away from risk assets like crypto.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Securitize drops 40% after SPAC debut despite growing tokenization interest

Securitize, a tokenization firm backed by BlackRock, fell roughly 40% following its public market debut via a SPAC merger. The sharp decline came despite a broader boom in interest around real-world asset tokenization. Arca's Jeff Dorman noted the drop is consistent with a recurring pattern of newly listed digital asset companies underperforming after going public. The slide raises questions about investor appetite for crypto-adjacent firms in the current market environment.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Kraken Seeks Banking License in Europe, Eyes Lithuania as Base

Cryptocurrency exchange Kraken is pursuing a banking license in Europe as part of its expansion strategy. The company has identified Lithuania as its preferred jurisdiction to secure the license, according to a source with knowledge of the plans. Obtaining a banking license would allow Kraken to offer a broader range of financial services to European customers. The move signals Kraken's ambition to deepen its foothold in the European financial market beyond crypto trading.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Tokenized equities hit record $3.86B in June, led by SpaceX tokens

Tokenized equities trading reached a record $3.86 billion in June, driven largely by interest in SpaceX-linked tokens. SpaceX tokens alone accounted for $1.19 billion, representing 31% of the total monthly trading volume. Backpack's SPCX token was the dominant instrument in this segment, recording $1.08 billion in trades. The surge coincides with heightened market anticipation around a potential SpaceX IPO.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

SEC Plans to Propose Crypto Regulation This Month to Support Startups

The U.S. Securities and Exchange Commission is planning to propose a new crypto-specific rule as early as this month. The regulation, informally referred to as 'Reg Crypto,' has been placed high on the agency's near-term agenda. The proposed rule is intended to ease regulatory burdens for crypto startups and simplify fundraising in the digital asset space. The development was revealed through a newly updated regulatory agenda published by the SEC.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Brokerages Initiate SpaceX Coverage with Bullish Ratings After $75B IPO

Several major brokerages launched their research coverage of SpaceX on Tuesday, largely assigning buy ratings to the company's stock. The initiations follow SpaceX's initial public offering in June, which valued the company at $75 billion. Analysts appear broadly optimistic about the company's growth prospects going forward. The wave of post-IPO research marks a significant milestone in SpaceX's transition to a publicly traded company.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Vanguard Seeks Digital Assets Leader as Crypto Strategy Shifts

Vanguard, the global investment management giant, has launched a search for a new digital assets leadership role. The position will be responsible for overseeing the firm's initiatives in tokenization, stablecoins, and blockchain technology. This move signals a notable shift in Vanguard's approach to digital assets, a space the company has historically been cautious about. The hiring effort suggests the firm is actively reassessing how it engages with the evolving cryptocurrency and blockchain landscape.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

AI Infrastructure Trade Cools as Investors Reassess Spending Outlook

The AI infrastructure investment trade is losing momentum as market realities prompt a broader reassessment among investors. Despite record earnings from key players, rising competition within the sector is adding pressure to valuations. Growing concerns about a potential slowdown in AI-related spending have further unsettled investor confidence. These combined factors are pushing market participants to take a closer look at one of the most prominent trades in recent memory.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

EDX Markets Secures $76M Funding Round Led by Japan's SBI Holdings

EDX Markets has raised $76 million in a funding round led by SBI Holdings, a major Japanese financial group. The crypto exchange is designed specifically for institutional clients rather than retail investors. EDX operates by separating its trading functions from custody services through a central clearinghouse structure. This model is intended to reduce counterparty risk, a key concern for large institutional participants in crypto markets.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Ex-Tether Investment Chief Seeks to Sell Portion of 1.26% Stake in Firm

Richard Heathcote, former investment chief at Tether, is looking to offload a small portion of his 1.26% stake in the stablecoin issuer, according to Bloomberg. Heathcote has reportedly engaged investment bank PJT Partners to help identify potential buyers. The move follows his transition from an executive role to an advisory position at the company. Tether is the issuer of USDT, one of the world's largest stablecoins by market capitalization.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Weak Yen Pushes Japanese Firms Toward Bitcoin and XRP as Reserve Assets

Japanese crypto exchange SBI VC Trade reports growing corporate interest in cryptocurrencies as a weakening yen prompts firms to diversify their treasury reserves. Bitcoin and XRP are among the digital assets attracting attention from Japanese businesses seeking alternatives to yen-denominated holdings. The trend has contributed to SBI VC Trade surpassing 2 million registered accounts. A depreciating domestic currency is increasingly driving institutional and corporate players in Japan to explore crypto as a hedge.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Coinbase Wins UK Approval to Offer Stocks and Crypto to British Investors

Coinbase has received regulatory authorization in the United Kingdom to expand its financial offerings beyond cryptocurrency. The approval enables the exchange to provide traditional investment products alongside its existing crypto services. Institutional traders will gain access to perpetual futures under the new license. UK retail customers will initially be able to trade equities through the platform. The move marks a significant step in Coinbase's effort to become a broader financial services provider in Britain.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Bitcoin pulls back from two-week high as weak demand clouds rally outlook

Bitcoin retreated from a two-week high of $64,500, raising concerns about the durability of its recent gains. The cryptocurrency had posted an 8.4% advance through July, but momentum appears to be fading. Declining open interest in derivatives markets suggests traders are closing positions rather than building new ones. Weak spot demand has further added to skepticism about whether the rally can be sustained.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Binance Launches BTC Yield Product Targeting Bitcoin Holders Seeking Returns

Binance has introduced a new product called BTC Yield, aimed specifically at existing bitcoin holders. The offering is structured as a covered call strategy, allowing users to generate yield on their bitcoin holdings. The product targets the growing demand among crypto investors who want returns without selling their assets. It is exclusively available to those who already own bitcoin, rather than new buyers entering the market.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Rising Japanese Bond Yields Threaten Bitcoin's Recent Macro Recovery

Bitcoin has experienced some macroeconomic relief recently, but that momentum may now face a fresh challenge. Japanese bond yields have been climbing, a trend that is pulling U.S. bond yields higher as well. Rising yields typically create headwinds for risk assets, including cryptocurrencies like Bitcoin. The correlation between Japanese monetary conditions and global risk appetite makes this development significant for crypto markets.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Bitcoin and Ether ETFs See Monday Inflows Despite Rough Holiday Week

Spot bitcoin and ether ETFs recorded inflows on Monday, offering a brief positive signal for the market. However, the gains were not enough to offset losses sustained during the shortened holiday week. Spot bitcoin ETFs collectively shed a net $526.6 million over that period. This marked the eighth consecutive week of negative flows for bitcoin ETFs, highlighting a persistent trend of investor outflows.

0 comments Read more at CoinDesk
← NewerPage 81 of 91Older →