The People’s Bank of China (PBOC) announced on Friday that it has halted treasury bond purchases temporarily due to short supply of the bonds. The Chinese central bank’s declaration comes after repeated warnings of bubble risks in country’s red-hot bond market. Market reaction The Chinese Yuan has come under moderate selling pressure despite the above … Read more
A U.S. senator vowed to undo SEC Chair Gary Gensler’s crypto policies, backing a nominee expected to champion innovation and create a friendlier regulatory environment. US Lawmaker Pledges Swift Action to Undo Gensler’s Crypto Disruption U.S. Senator Tim Scott (R-S.C.) voiced his support for Paul Atkins’ nomination to a prominent financial regulatory role in a … Read more
A UK court has dismissed James Howells’ lawsuit to recover a Bitcoin-filled hard drive lost in a landfill. The hard drive had 8,000 Bitcoin that were mined in 2009 and would be worth over $770 million today. The court cited the significant costs and environmental impact of excavating the landfill as key factors in its … Read more
The UK Treasury has amended finance laws to clarify that crypto staking isn’t a collective investment scheme, which a lawyer says is “heavily regulated.”
Solana is ratcheting up testing of Firedancer, the highly anticipated software upgrade that promises to vastly increase the blockchain’s processing speed. By the end of this week, Solana’s core developers want a “super majority” of processing power on the chain’s low-stakes test network to run through Frankendancer, an early version of Firedancer, according to messages … Read more
EUR/USD remains stuck to the 1.0300 handle after flubbing 1.0400. EU data is done for the week, but a key US NFP print still lies ahead. US net jobs additions are expected to ease back in December. EUR/USD trimmed further into the bearish side on Thursday, falling back a scant but persistent sixth of a … Read more
The registered crypto trading firm allegedly stole “hundreds of millions of baht” from electricity providers, coming out to at least $2.88 million.
Aptos, a layer one (L1) blockchain project, has integrated Chainlink data feeds to enhance decentralized application (dapp) development on its platform. Aptos Partners With Chainlink This collaboration provides developers on the Aptos network with access to Chainlink‘s tamper-proof and decentralized data feeds. The integration aims to support the creation of secure and efficient applications, leveraging … Read more
This week, a buzz went around as Tangem Wallet users stumbled upon a glaring issue: their private keys were laid bare due to a bug in the wallet creation process. Swiftly, Tangem rolled out a fix, but the breach has shed light on the escalating demand for the safest crypto wallets that not only promise … Read more
On Thursday, bitcoin, the leading cryptocurrency, descended to an intraday low of $91,215, reflecting a decline exceeding 3% against the U.S. dollar. The collective valuation of the crypto economy contracted by 2.5% in the past 24 hours, settling at $3.22 trillion. Bitcoin Battles to Stay Afloat as Market Faces South Korean Premium Over the preceding … Read more