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EBA Proposes Draft Liquidity Rules for Stablecoin Issuers
November 8, 2023
The European Banking Authority (EBA), the EU's banking watchdog, has proposed new guidelines for stablecoin initiators setting minimum capital and liquidity requirements. The draft guidelines are presently under public consultancy …
Read moreSEBA Bank Expands into Asia with Hong Kong License for Crypto-Related Services
November 8, 2023
Switzerland-based crypto bank, SEBA Bank, has secured a license from the Hong Kong Securities and Futures Commission (SFC) to deal in and distribute securities, including digital asset-related products. This authorization …
Read moreCrypto Boom: Surging Demand for Bitcoin-Backed Loans and Anticipation of Spot Bitcoin ETFs
November 8, 2023
The investment advisory firm, Two Prime, has reported about $2 billion in demand for bitcoin-secured loans since they started offering them in September. This surge in demand correlates with the …
Read moreInstitutional Demand Soars for Grayscale's Chainlink Trust as GLNK Sees a 200% Premium Over LINK Spot Price
November 8, 2023
Institutional investors are showing increased interest in Grayscale's Chainlink Trust, as evident by the shares traded at a 200% premium over the spot price of Chainlink's LINK token. The shares …
Read moreCircle Considers 2024 IPO as USDC Market Dominance Declines
November 8, 2023
Circle, issuer of the USD Coin (USDC stablecoin), is reportedly evaluating a potential Initial Public Offering (IPO) in early 2024, according to insiders familiar with the matter. During its previous …
Read moreSignificant Solana Transfers Led by FTX and Coinbase
November 8, 2023
The beleaguered crypto exchange, FTX, has recently transferred about $316 million in digital assets such as Solana (SOL) and Ethereum (ETH) to various exchanges as part of its bankruptcy proceedings. …
Read moreBitcoin Skyrockets to $35,900 Amid Massive Influx and Short Squeeze
November 8, 2023
Bitcoin Surges Amid Inflows and Short SqueezeOn November 7, Bitcoin surged past the $35,000 mark, triggering a massive stream of activity within crypto exchanges. Exchanges saw one of the largest …
Read moreBinance Introduces Web3 Wallet Amidst Declining Market Shares
November 8, 2023
Leading cryptocurrency exchange Binance has unveiled its new Web3 wallet, intended to provide its 120 million registered users with a more decentralized online experience. Announced at the Binance Blockchain Week …
Read moreOpenSea Investor Drastically Cuts Valuation of NFT Marketplace
November 8, 2023
U.S. tech investment firm, Coatue Management, which is a co-lead investor for OpenSea, the non-fungible token (NFT) platform, has reportedly decreased the value of its stake by 90%. The news …
Read moreRipple and Onafriq Develop Cross-Country Payment Corridors
November 8, 2023
Ripple is set to enhance cross-country payment corridors across 27 African nations in conjunction with Australian, British, and Gulf countries, facilitated through a partnership with African mobile payment provider, Onafriq. …
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