XRP’s (XRP) price was up 3% on Friday to trade above $1.40 as several technical and onchain indicators suggested it was due for a “significant” upward breakout. Key takeaways: XRP’s Bollinger Bands indicator now sees the potential for a massive price breakout. XRP’s falling wedge pattern targets $2.55. Declining exchange balances and persistent outflows indicate … Read more
HSBC Holdings and a joint venture led by Standard Chartered are reportedly set to become the first authorized stablecoin issuers in Hong Kong. The Hong Kong Monetary Authority (HKMA) is expected to issue stablecoin licenses to HSBC and Standard Chartered, the South China Morning Post reported Thursday, citing people familiar with the matter. HSBC and … Read more
The crypto conference organizer said tickets will remain valid for the rescheduled April 2027 event, with holders also able to transfer tickets to the Singapore event. The Dubai edition of Token2049, one of the crypto industry’s largest global gatherings, has been postponed until 2027 due to regional uncertainty affecting international travel and event logistics. The … Read more
Bitcoin (BTC) hit eight-day highs into Friday’s Wall Street open as markets awaited key US inflation cues. Key points: Bitcoin shows resilience despite macro market uncertainty with another push beyond $72,000. Key US inflation data increased the chances of risk-asset volatility to come. BTC price gains outperform macro assets since the start of the Iran … Read more
A threat actor has claimed to have leaked source code and other sensitive material tied to Sweden’s e-government platform, prompting an investigation by Swedish authorities and an incident response by CGI Sverige. Cybersecurity accounts on X and local media reported Thursday that a threat actor calling itself ByteToBreach had published material it said came from … Read more
Bitcoin (BTC) may approach a market bottom, with a macro model tied to the US and China’s benchmark 10-year bond yields hinting at a potential rally toward $100,000 in the months ahead. Key takeaways: Bitcoin whales show signs of accumulation that were seen near the 2023 market low. BTC holds key long-term support while “oversold,” … Read more
Singapore-based MetaComp said Friday it completed a new funding round backed by Alibaba, as the company expands its stablecoin payment infrastructure. MetaComp completed a Pre-A+ round backed by Alibaba, bringing the cumulative total to $35 million across two rounds in three months, according to the announcement. The latest round also featured the European early-stage venture … Read more
Ethereum co-founder Vitalik Buterin said Friday that he is no longer closely aligned with the Future of Life Institute, a group that received SHIB tokens from him in 2021. Buterin said the institute originally pitched him a broad roadmap for reducing existential risks, including those tied to artificial intelligence, biology and nuclear threats, along with … Read more
The Bitcoin Policy Institute (BPI) says it will push the US Federal Reserve to change how Bitcoin is treated, as the central bank is set to issue rules on how banks should implement international guidelines for asset risk weighting. “BPI will be reviewing this proposal closely and submitting a public comment to ensure that US … Read more
Many Bitcoin miners are struggling to turn a profit this market cycle due to diminishing returns, so they may need to pivot to artificial intelligence hosting or put their holdings to work to generate yields, says market maker Wintermute. Wintermute said in a blog post on Thursday that Bitcoin (BTC) miners have spent years building … Read more