Latest Business News, Market Insights & Global Economy Updates
Mastercard (MA) has chosen Polygon to power a new system that lets people send crypto to verified usernames instead of long wallet addresses, the companies said on Tuesday. Mastercard Crypto Credential standardizes how blockchain addresses are verified by enabling human-readable aliases that correspond to a verified individual, the company said in a an emailed press…
Bitcoin BTC$91,852.25 and ether ETH$3,031.49 remain in bearish territory after a bruising weekend took both assets to multimonth lows of $93,400 and $3,050. The sell-off acted as confirmation of a downtrend with a series of lower highs and lower lows now being present across several timeframes. If BTC falls to $92,840, that would trigger a…
BitMine Immerision (BMNR), the largest corporate holder of ether ETH$3,135.83, said on Friday it has appointed Chi Tsang as its new chief executive officer, succeeding Jonathan Bates, who led the company from its early days through its listing on the NYSE American. Shares are lower by 3.4% premarket alongside a continuing slide in crypto in…
A fresh move lower in Asian morning exacerbated losses for hopeful traders as bitcoin lost the $98,000 level for the first time since May, extending a week-long bleed that has dragged majors sharply lower. Ether fell more than 8% to around $3,500, while XRP, DOGE$0.1633, Solana’s SOL and Cardano’ ADA posted similar declines. The tone…
Stellar faced selling pressure during Tuesday’s session with XLM sliding from $0.2846 to $0.2812 as institutional distribution emerged at elevated levels. The token carved out a $0.0189 range, representing 6.7% volatility that signaled heightened trader uncertainty around current price levels. The breakdown accelerated at 14:00 when trading volume spiked to 76.24 million tokens—115% above the…
It’s another milestone for Bitcoin BTC$99,302.05, which apparently for the first time has arrived on a central bank balance sheet. The Czech National Bank (CNB) on Thursday announced the creation of a $1 million test portfolio that includes bitcoin, a USD stablecoin, and a tokenized deposit. Approved by the bank board on Oct. 30, the…
BNB recovered above $970 over the last 24-hour period after briefly falling to $953 during a volatile stretch that saw the token lose as much as 2.3% before it started recovering. The move comes amid mounting selling pressure driven by both technical breakdowns according to CoinDesk Research’s technical analysis data model. The initial drop, which…
Shares of bitcoin miner and data-centre operator CleanSpark (CLSK) fell 5% after the company announced an upsized convertible bond offering of $1.15 billion. The move is part of a broader trend among bitcoin miners and AI-focused data infrastructure firms tapping the debt markets for fresh capital amid rapid sector growth. CoinDesk Research reveals that AI-aligned bitcoin miners are witnessing a record issuance of convertible debt, indicating investor demand for hybrid exposure…
Hong Kong is preparing to issue a new batch of government-backed digital green bonds, deepening its move into blockchain-based finance as it tries to position itself as a leading global hub for tokenized assets. The offering, Hong Kong’s third digital bond sale since 2023, will be denominated in US dollars, euros, offshore yuan and Hong…
The Japanese Financial Services Agency (FSA) said it will support the country’s three largest banks in developing a proof-of-concept for issuing a stablecoin. Japan’s financial regulator said the venture will see Mitsubishi UFJ Financial Group (8306), Sumitomo Mitsui Financial Group (8316) and Mizuho Financial Group (8411) explore the joint issuance of a stablecoin as an…
