Bitcoin ($BTC) and the cryptocurrency market have been unable to recover from the downward trend since the crash in October. With successive declines, Bitcoin has fallen to the $70,000 mark, while the situation remains very bad for altcoins as well. In its analysis from the CryptoQuant X account, it stated that Bitcoin is already in
Another leading Russian banking institution is joining the financial giant Sberbank in lending against cryptocurrency as collateral. Sovcombank announced a program to offer loans secured by Bitcoin amid growing demand from businesses in the industry ahead of regulation. Private Russian bank enters the promising market for crypto-backed credit A privately owned universal bank, which is
Canopy Network, a recursive blockchain platform has announced it is launching Canopy Templates, a new blockchain building tool designed to aid in AI-assisted development. With Canopy Templates, developers can “vibe-code” entire Layer-1 (L1) blockchains from scratch, the goal being to enable faster and more flexible ways to build decentralized systems, Canopy Network told Finbold on
The decentralized exchange landscape witnesses a significant development today as Aster launches its Aster Chain testnet, marking a pivotal milestone in blockchain infrastructure evolution. This strategic move follows an intensive testing period and a unique trading competition, positioning the platform closer to its highly anticipated mainnet deployment. Industry observers now closely monitor this progression, recognizing
AI agents may need blockchains to solve the issue of impersonation and verification. As agents have shown the ease of colonizing social media, verification is becoming more important. AI may be a key application area for blockchains, especially when it comes to user and identity verification, noted A16Z in a forward-looking analysis. While the Internet
A U.S. House investigation is probing whether World Liberty Financial, a Trump-associated crypto venture, and its dollar-pegged token became entangled with foreign sovereign capital and U.S. technology policy. The move follows a Wall Street Journal report that an Abu Dhabi-linked entity secretly agreed to buy a 49% stake in World Liberty Financial for $500 Million
Bitcoin slid below the $71,000 mark in Asian hours Thursday as a renewed selloff in global technology stocks spilled into crypto markets, undercutting hopes of a sustained rebound after last week’s volatility. The world’s largest cryptocurrency fell as much as 7.5% over the past 24 hours, touching lows near $70,700 before paring some losses, according
AEON recently announced that it has launched its official native support for $USDC on Starknet, a significant advancement in merging the world of decentralized finance with the real world. While digital assets have thrived in both arms, through speculation as well as taking part in managing protocols via on-chain governance, they have been limited at
Retail investors in Hong Kong and the Chinese mainland said they would invest more in funds if tokenized products with faster settlement and 24/7 access were available, according to a new report from Aptos Labs, Boston Consulting Group, and Hang Seng Bank. The report is based on a Hong Kong pilot that tested tokenized funds