Category: Bitcoin News

IMF Lays out Guidelines for Addressing Stablecoin Risks, Beyond Regulations

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The International Monetary Fund (IMF) released a comprehensive report on the potential impact of the growing stablecoin market and the adequacy of global regulations in handling it.  In the “Understanding Stablecoins” report released on Thursday, the IMF analyzed the various approaches regions, including the United States, the United Kingdom, Japan and the European Union, had taken in establishing a regulatory framework for stablecoins. Although the report noted that emerging regulations could mitigate risks to macrofinancial stability, the landscape was “fragmented,” both in policymakers’ approaches and how stablecoins are issued. “The…

Deutsche Börse Works With Kraken To Link TradFi And Crypto

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Deutsche Börse Group, a global exchange organization, has entered into a strategic partnership with the US crypto exchange Kraken with a mission of bridging traditional and digital markets. Kraken and Deutsche Börse are joining forces to create unified access across traditional and digital asset markets, according to a joint announcement on Thursday. The companies plan to improve institutional access to regulated crypto products, including spot trading, tokenized markets and derivatives, as well as enhanced liquidity for institutions across multiple jurisdictions. “Across our entire value this partnership will further enhance our…

Argentina’s YPF Weighs Crypto Payments at Gas Stations

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Yacimientos Petrolíferos Fiscales (YPF), Argentina’s state-controlled energy company, is reportedly considering allowing drivers to pay for gasoline and diesel with cryptocurrency, as digital assets continue to gain traction in everyday transactions across the country. The plan could rely on a third-party processor rather than direct wallet payments, including local and international platforms such as Lemon, Ripio or Binance to handle conversions, local news outlet La Nación reported on Tuesday, citing people familiar with the matter. The review comes two months after YPF began accepting US dollar payments at its stations,…

EU Proposes To Centralize Crypto, Financial Markets Under ESMA

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The European Commission has proposed expanding the powers of the European Securities and Markets Authority (ESMA) over crypto and broader financial markets in a bid to narrow the competitive gap with the United States. Published Thursday, the package would transfer “direct supervisory competences” for key pieces of market infrastructure, including crypto-asset service providers (CASPs), trading venues and central counterparties, to ESMA and strengthen its coordination role in the asset management sector. The proposal still needs approval from the European Parliament and the Council, where it is under negotiation. If adopted,…

Pepe Memecoin Website Suffers Front-End Exploit: Web3 Cybersecurity Firm

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The official website for the Pepe (PEPE) memecoin has been compromised by attackers, who are redirecting users to a malicious link. “Blockaid’s system has identified a front-end attack on Pepe. The site contains a code of inferno drainer,” the cybersecurity company said on Thursday. Inferno Drainer is a suite of scam tools that is employed by threat actors, including phishing website templates, wallet drainers and social engineering tools. Source: Blockaid The price of PEPE did not react immediately to the hack. The memecoin is up by about 4% over the…

Bitcoin Sell Signs Flash as Bears Target BTC Prices Below $70K

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Bitcoin (BTC) is flashing early signs of a deeper correction, as the latest recovery pauses at $93,000. New analysis shows Bitcoin’s “market structure” increasingly resembles the first quarter of 2022, which marked the beginning of the bear market. Key takeaways: Bitcoin’s onchain structure mirrors early 2022, risking a deep bear market if key levels are lost.  Bitcoin’s bear flag targets a $68,100 BTC price. Bitcoin onchain data hints at early bear market Bitcoin has dropped toward and found support near its True Market Mean, currently at $81,500 said Onchain data…

Portal to Bitcoin Raises $25M for Native Bitcoin Swaps

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Bitcoin-native interoperability protocol Portal to Bitcoin has raised $25 million in funding amid the launch of what it describes as an atomic over-the-counter (OTC) trading desk. According to a Thursday announcement shared with Cointelegraph, the company raised $25 million in a round led by digital asset lender JTSA Global. The fundraise follows previous investments by Coinbase Ventures, OKX Ventures, Arrington Capital and others. Alongside the fresh funding, the company rolled out its Atomic OTC desk, promising “instant, trustless cross-chain settlement of large block trades.” The newly deployed service is reminiscent…

Crypto Wallet Upgrade, Seed-Phrase-Free Smart Accounts Emerge

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Crypto’s longstanding user-experience hurdle, the dreaded seed phrase, is facing a serious challenge. As wallet providers experiment with programmable smart accounts and simplified recovery, the debate about self-custody is shifting from technical responsibility to everyday usability. In this week’s episode of The Clear Crypto Podcast, host Nathaniel Whittemore, Cointelegraph’s Gareth Jenkinson, and Ready (formerly Argent) CEO Itamar Lesuisse address how privacy, self-custody, Bitcoin-backed borrowing and seed-phrase-free wallets are converging to reshape how people store and spend digital assets. One recurring concern among crypto newcomers and veterans alike is the fragility…

Digital Asset Secures Strategic Investments for Canton Network

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Institutional blockchain infrastructure provider Digital Asset, the creator of the Canton Network, has raised about $50 million in strategic investments from BNY, iCapital, Nasdaq and S&P Global, according to a person familiar with the deal. According to an announcement on Thursday, the strategic funding will build on Digital Asset’s strong momentum to scale the Canton Network following recent funding milestones that raised $135 million. The participation of these four big names highlights the range of institutions supporting the Canton Network, as big banks, exchanges, data, and wealth infrastructure all lend…

Can It Resume Its Bull Market Uptrend?

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XRP (XRP) price is up 12% since plunging below the $2 mark on Nov. 21, reclaiming some key support levels. Surging network activity and persistent institutional demand, coupled with reduced supply on exchanges, may lead to a sustained price recovery. Key takeaways: A surge in XRP ledger velocity and whale activity signals elevated network activity and demand. A decrease in XRP supply on exchanges indicates strong accumulation by holders. XRP price bulls look to establish strong support at $2.15 for the next leg up. XRP Ledger velocity hits 2025 highs…