Boyaa Interactive International, a noted online card and board video game developer, announced substantial adjustments to its cryptocurrency strategic treasury strategy. The financials revealed that between Nov 19 and Nov. 28, it had displaced 14,200 ethers valued at more than $49 million for about 515 Bitcoins against what was considered ... Read more
In a significant development for the Japanese cryptocurrency market, Digital Media Mart (DMM) Bitcoin, one of the major exchanges, has announced plans to wind down its operations following a devastating $320 million Bitcoin hack in May 2024. The breach, which compromised private keys and led to the loss of 4,500 ... Read more
Bitcoin’s (BTC) dominance, which measures Bitcoin’s influence by its market capitalization, has dropped to 56% from 60% in the past month, as per TradingView data. Analysts notify Bitcoin may breach its long-standing support trend line, potentially sparking significant changes in market dynamics. Mikybull Crypto, a prominent analyst, highlighted on X ... Read more
Despite ongoing research efforts, central bankers need to be more enthusiastic about central bank digital currencies (CBDCs). The Official Monetary and Financial Institutions Forum’s (OMFIF) latest annual survey shows a marked drop in support for Central Bank Digital Currencies CBDCs to improve cross-border payments. According to the latest Future of ... Read more
Grayscale Investments’ crypto holdings witnessed a remarkable 85% increase in market capitalization during November, according to Cryptorank data. Stellar (XLM), XRP, and Decentraland (MANA) led the charge, demonstrating triple-digit gains. This surge reflects increasing investor confidence in altcoins as they regain momentum amid an anticipated altcoin season. Despite these challenges, ... Read more
The Japanese Financial Services Agency (FSA) has issued formal warnings against five unregistered overseas online cryptocurrency exchanges on accusations of offering investments without authorization and thereby being in violation of Japanese regulatory requirements. According to a report published by CoinPost, exchanges whose names have come to light since the warning ... Read more
Ripple Labs is preparing for the most pivotal moment in its history when it finally launches its regulated stablecoin, RLUSD, pending final approval from New York’s Department of Financial Services (NYDFS). It will be able to position the coin as one of the most considerable on-shore players in the U.S. ... Read more
Coinbase users in Europe are frustrated as the exchange ends its USDC rewards program. On November 28, Coinbase, multiple recipients shared on X, announced via email that it will discontinue the yield program on December 1 for stablecoins in affected regions due to new requirements under the EU’s Markets in ... Read more
Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), has made its financial markets one notch more innovative with the implementation of the Digital Bond Grant Scheme (DBGS). As announced on November 28, this scheme, which targets subsidizing the issuance costs of tokenized bonds, will help strengthen the city’s ... Read more
Tether, the largest stablecoin issuer, announced on November 27 that it will phase down EURT, its euro-pegged stablecoin, across all blockchains. Users can redeem their holdings until November 2025. The decision aligns with regulatory changes, particularly the EU’s Markets in Crypto-Assets Regulation (MiCA), which is changing the stablecoin market in ... Read more
