SBI Remit (SBIR), Japan’s leading international money transfer provider under SBI Group, has partnered with Fasset, the global stablecoin-powered neobank and investment platform, to build the next-generation infrastructure for global payments and money movement. The partnership combines SBIR’s proven remittance infrastructure with Fasset’s growing digital ecosystem, which processes US$32 billion in annualized transaction volume and
Tether’s Wallet Development Kit has exceeded 100,000 self-custodial wallets, as the company seeks to establish itself as a provider of wallet infrastructure for the digital asset industry. The milestone comes alongside the rollout of a new developer portal that provides technical documentation, integration resources, modular tools and access to a partner ecosystem. Advertisement The WDK
Bitcoin fell below the $63,000 level due to strong selling pressure, indicating weakening risk appetite in the cryptocurrency market. According to the latest data, the price of Bitcoin dropped to $62,644, losing over 5% in value in the last 24 hours. A graph showing the drop in BTC price. The market downturn wasn’t limited to
Ongoing outflows from US spot Bitcoin ETFs and Federal Reserve Chairman Kevin Warsh’s hawkish stance upon taking office have unnerved risk assets, causing Bitcoin to fall below $64,000. At this point, investors are pricing in an increased probability of an interest rate hike before the end of the year, while analysts say $BTC is at
As is known, the FED did not change interest rates at its first Federal Open Market Committee (FOMC) meeting under the chairmanship of Kevin Warsh last night. The FED unanimously kept the policy interest rate stable at 3.50-3.75 percent, in line with expectations. Increased inflation concerns stemming from the US-Iran conflict have reduced the likelihood
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1750.15, down 0.9% (-15.97) since 4 p.m. ET on Wednesday. Three of 20 assets are trading higher. Leaders: XLM (+10%) and HBAR (+0.2%). Laggards: ICP (-4.1%) and SUI (-4%).
The leading cryptocurrency, Bitcoin, experienced a sharp drop in recent weeks, falling below $60,000. After recovering, $BTC continues its sideways movement in the $62,000-$65,000 range, with some analysts believing it will rise from here and others anticipating a drop to the $50,000 level. At this point, market analyst Omkar Godbole addressed the current state of
HIVE Digital Technologies (HIVE) shares jumped 10% in pre-market trading on Thursday after the company announced a $220 million, three-year GPU cloud contract with Bell Canada and AI firm Cohere, as the company continues its transition away from pure-play bitcoin mining. The deal will see HIVE’s BUZZ High Performance Computing unit deploy 2,304 Nvidia Grace
The Magnificent 7’s AI-driven growth story is facing a reality check. The best-performing stocks of the past decade are coming under pressure as investors question the enormous cost of the AI arms race and rotate into new fields with stronger momentum. Microsoft (MSFT) is down 33% from its recent highs, while Meta (META) has dropped
Bitcoin $BTC$63,888.86 and the Dollar Index (DXY) are moving in opposite directions, with the latter on the verge of a major move that may embolden crypto bears. The largest cryptocurrency is under pressure for a third straight day, trading near $63,900 and down nearly 1% since midnight UTC. The broader market is mostly showing similar