Stocks were higher in early trading on Friday as the market reacted to the latest U.S. inflation data. Summary Dow jumped over 350 points as investors reacted to key inflation data. Core personal consumption expenditures price index data came in at 0.29% annually in August. Wall Street was higher after three days of losses. The
The digital asset world often sees its leaders engage in high-level discussions and strategic moves. However, sometimes, it’s the personal touches that truly resonate. Recently, Changpeng Zhao, widely known as CZ, the visionary founder and former CEO of Binance, offered a delightful glimpse into his personal preferences during a visit to South Korea. His candid
The Bank of Korea (BOK) reports that South Korean investors’ total crypto holdings have fallen by 27% in just six months. Trading volume and deposits also shrank during the same period, confirming a significant slowdown in the domestic market. South Korea is classified as a market with a very high capacity for spot cryptocurrency purchases
Eric Trump, businessman and son of US President Donald Trump, argued that stablecoins could protect the strength of the US dollar. Eric Trump: “Stablecoins Will Save the US Dollar” In an interview with the New York Post, Eric Trump said he believes stablecoins will “save the US dollar.” Trump specifically highlighted the stablecoin USD1, developed
In a significant stride towards future-proofing digital finance, Danal and BTQ Technologies have launched a proof-of-concept (PoC) for a quantum-secure stablecoin settlement network. This groundbreaking initiative, as reported by Digital Today, signals a proactive approach to safeguarding our digital assets against emerging threats. For anyone invested in the stability and security of cryptocurrencies, this development
A significant development is on the horizon for investors interested in digital assets. Reports suggest that Vanguard, one of the world’s largest asset managers, is exploring the possibility of granting its U.S. brokerage account customers Vanguard crypto ETF access. This potential shift marks a notable change from the firm’s historically cautious approach to cryptocurrencies, signaling
UK Finance launches GBTD pilot with six banks to test tokenised sterling deposits until 2026. Quant Network to power digital pound pilot, exploring payments, remortgaging and bond settlement. FCA readies crypto rules by 2026 as UK tests tokenised deposits for safer, efficient transactions. UK Finance has launched a pilot programme for tokenised sterling deposits (GBTD),
ETF expert Nate Geraci, also the President of Nova Dius Wealth, made a bold prediction that the approval of generic listing standards for Crypto ETFs, could be a death-knell for digital asset treasury firms like MicroStrategy (MSTR), Metaplanet (MTPLE), Bitmine (BMNR), etc. He cited a WSJ article that notes that unusual trading activity in crypto
Leading cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and altcoins had a very bad week. The market, which suffered a major crash at the beginning of the week, also experienced a sharp decline last night. While these declines are expected to be the last before October, historically known as the month of rise, data on Personal Consumption
Cryptocurrency adoption in emerging markets poses risks to monetary sovereignty and financial resilience, credit ratings giant Moody’s Ratings said in a report on Thursday. The risks are most acute in areas where crypto’s use extends beyond investment into savings and remittances, according to the report. Moody’s suggests that higher penetration of stablecoins pegged to the