In a landmark move for institutional cryptocurrency adoption, Japan’s three largest banking institutions—Mitsubishi UFJ Financial Group (MUFG), Mizuho Bank, and Sumitomo Mitsui Banking Corporation (SMBC)—have officially announced a joint proof-of-concept test for a new stablecoin. This unprecedented collaboration, reported first by Cointelegraph, represents a seismic shift in the traditional financial landscape, signaling that Japan’s most
Lux Thiagarajah argues that decentralized technology is not displacing banks but “re-platforming” them. According to him, regulated entities will remain essential because governments will not outsource prudential oversight to permissionless systems. From Revolution to Infrastructure For years, the promise of blockchain in finance was draped in the language of revolution. The world was repeatedly told
Bitcoin stabilizes near a key support zone as traders watch whether sustained buying pressure can drive a broader market recovery. Bitcoin (BTC) trades near $72,004, recording a daily gain of about 3.9% as buyers return to the market. The intraday chart shows a strong upward movement from the $69,000 region, pushing the price toward a
Story Highlights Bitcoin is trading inside the exact resistance zone analysts say determines whether this rally holds or fails. A crypto analyst warns $2.3 billion in long positions could get wiped and builds the case for $40K. With oil spiking and inflation rising, the Fed’s options are limited too. Bitcoin is climbing again, up over
Bitcoin price started a steady increase above $70,000 and $72,000. $BTC is now consolidating and might aim for more gains above $72,800. Bitcoin started a fresh increase after it settled above the $68,800 support. The price is trading above $70,000 and the 100 hourly simple moving average. There is a bullish trend line forming with
Billionaire investor Chamath Palihapitiya, a venture capitalist and former Facebook executive, recently argued that bitcoin has a “structural failing” that could limit its long term adoption by governments and central banks. Speaking on People by WTF podcast during the World Government Summit, Palihapitiya said that for a digital asset to become widely accepted at the
Story Highlights Iran may be ready to walk away from its nuclear program, according to reports. A ceasefire could unlock the Fed rate cut traders have been waiting for. One analyst says the $100K countdown has already begun. According to widely circulating reports, Sky News Arabia has reported that Iran’s Deputy Foreign Minister said the
Bitcoin ($BTC) experienced a sudden and rapid surge after a prolonged period of decline and consolidation. The price rose from around $67,000 to $73,000 in just one day. While this rise has fueled bull trap rhetoric, some analysts predict the rally could continue. At this point, analyst James Van Straten predicts that if Bitcoin remains
Bitcoin price today trades near $72,720, up 0.05% after reclaiming the $72,000 level following a bounce from the $60,000 to $65,000 support zone (orange shaded area). The move places buyers in control as derivatives positioning surges despite spot exchange distribution. Open Interest Surges 5.77% While Spot Outflows Hit $161.94M Bitcoin Derivative Analysis (Source: Coinglass) Open