Standard Chartered-backed Anchorpoint Financial has pushed the public rollout of its Hong Kong dollar stablecoin HKDAP into August after the project missed its previously expected second-quarter and end-of-July timelines. According to the local media outlet the Hong Kong Economic Journal, Standard Chartered Hong Kong and Greater China and North Asia CEO Mary Huen said an
PayPal reported its second-quarter results on July 28, saying total payment volume reached $486.4 billion for the three months ended June 30. That was up 10% from a year earlier, or 9% on a currency-neutral basis. The company also placed stablecoins inside its formal innovation plan and confirmed a three-business structure that includes Payment Services
Rumors that Trade.XYZ has been seeking a $200 million equity financing at a $1.5 billion valuation have sparked conflicting views across the crypto community, with supporters calling the report credible while others have dismissed the claim. According to market chatter circulating on X and Telegram, speculation about the funding round gained traction after several community
Bitcoin slipped below $63,000 on Monday, Aug. 3, even as falling oil prices and stronger U.S. stock futures created a more favorable backdrop for risk assets. $BTC traded near $62,556, down 1.38% over 24 hours and 4.35% over seven days. It had reached a Sunday high near $63,650 before sellers regained control. Ether fell about
The Smarter Web Company has increased its Bitcoin treasury by acquiring another 11.89 $BTC, taking its total holdings to 2,712 $BTC. According to BitcoinTreasuries.NET, the London-listed company completed the latest purchase of 11.89 Bitcoin, lifting its corporate treasury to 2,712 $BTC and moving it to 28th place in the Bitcoin 100 ranking of public companies
Binance APAC Head SB Seker believes India needs its own rupee-pegged stablecoin, arguing it would let Indian users and institutions hedge against dollar volatility instead of remaining exposed to currency swings beyond their control. “Having Indian rupee stablecoins will be critical because it allows users and institutions in India to reduce the exposure they have
Peter Schiff warns that Bitcoin hacking will become easier due to AI and quantum computing. Peter Schiff, a critic of Bitcoin, has renewed his long-standing criticism of the cryptocurrency industry by taking advantage of one of the biggest hardware wallet security incidents in recent years. Coldcard hack shakes up the market In the wake of
Bitcoin started the week under pressure, falling to the $62,229 level after seeing a liquidation of $146.66 million. This came even after U.S. President Donald Trump announced that he had canceled a planned military strike on Iran to give diplomacy another chance. Top crypto analysts suggest that $BTC is trapped between two major liquidity zones,