The Bank of Korea (BOK) Governor Lee Chang-yong has expressed concern about the issuance of won-denominated stablecoins by non-bank entities. He shared his concerns during a press conference after the BOK’s Monetary Policy Committee decided to maintain the base interest rate at 2.50%. BOK Governor is worried about future confusion The topic of stablecoins has
Bitcoin jumped to a fresh all-time high price for the second day in a row Thursday, after crypto-friendly President Trump renewed his push to urge the Federal Reserve to cut interest rates. The price of Bitcoin jumped to $112,599 on Thursday, per data from CoinGecko, setting a new record for the leading cryptocurrency. Bitcoin is
Shares of Bitmine Immersion Technologies (BMNR), the ether ETH$2,782.62 treasury strategy firm helmed by Fundstrat’s Thomas Lee, slid 20% Thursday, extending a 40% drop from the previous day, as the company disclosed plans to raise up to $2 billion through a stock sale agreement. The selloff comes on the heels of Bitmine closing a $250
In a significant stride for the Web3 creator economy, Avalanche (AVAX)-based Insomnia Labs has successfully closed a substantial $12 million funding round. This pivotal investment marks a new chapter for the company, setting the stage for the highly anticipated launch of CreatorFi, a platform poised to redefine how digital creators access financing. For anyone tracking
With yesterday’s announcement about a $100 million purchase of the $TRUMP memecoin, Tron (TRX) founder Justin Sun is in contention with Elon Musk to become the largest personal donor to US President Donald Trump. As his donations and purchases of Trump’s crypto tokens continue, it’s safe to assume that the president will personally earn over
Story Highlights Ripple CEO predicts stablecoin market to grow from $250B to $2T, fueled by regulation and rising institutional demand. Ripple’s RLUSD crosses $500M cap, gains BNY Mellon custody and Transak integration as adoption accelerates. The stablecoin sector, once a quiet corner of the crypto world, is now stealing the spotlight. Ripple CEO Brad Garlinghouse
The crypto world is no stranger to volatility, but when a prominent platform faces severe financial distress, it sends ripples through the community. That’s precisely what’s happening with Ziglu, a UK-based digital banking and crypto platform, which has now officially entered special administration. This development, reported by Crowdfund Insider, marks a critical juncture for the
German businesses are split in their expectations about the future of cryptocurrency as a means of payment, shows a large-scale study covering hundreds of companies registered in the Bundesrepublik. While nearly half of the interviewed organizations believe crypto payments will become a common phenomenon in the next decade, most remain skeptical about taking decentralized digital
Australia’s Central Bank is taking the next step in its digital currency journey. On Thursday, the Reserve Bank of Australia (RBA) announced a new trial to explore how digital money could improve Australia’s wholesale tokenised asset markets. Project Acacia is a joint effort between the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative