Category: Bitcoin News

Bank of England Still ‘Disproportionately Cautious’ on Stablecoins

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The UK’s central bank, the Bank of England (BOE), has released a proposed regulatory regime for stablecoins. The consultation paper took into account the perspectives of the crypto industry, but some observers say it remains restrictive. BOE released the document on Nov. 10 — some two years after it announced the initial discussion paper. The original offered a vision for crypto that many in the industry claimed would doom the UK’s digital asset space. The BOE said that it received comments and feedback from a broad range of 46 different…

Uniswap Unveils Token Sale System, Aztec Tests It

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Decentralized finance heavyweight Uniswap introduced Continuous Clearing Auctions (CCA), a new protocol aiming to facilitate token offerings through its infrastructure. According to a Thursday announcement, Uniswap’s CCA “helps teams bootstrap liquidity on Uniswap v4 and find the market price for new and low-liquidity tokens.” The company said this was just “the first of several tools” it is building to help projects launch and deepen token liquidity on the platform. The announcement coincided with preparations for the first CCA-enabled sale. Privacy-focused Aztec Network opened its community-only AZTEC token sale on Thursday,…

Alibaba Mulls Deposit Token Amid China’s Stablecoin Pushback

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The cross-border e-commerce arm of Chinese tech behemoth Alibaba is working on a deposit token amid mainland China’s crackdown on stablecoins, according to CNBC. Alibaba president Kuo Zhang told CNBC in a Friday report that the tech giant plans to use stablecoin-like technology to streamline overseas transactions. The model under consideration is a deposit token, which is a blockchain-based instrument that represents a direct claim on commercial bank deposits and is treated as a regulated liability of the issuing bank. Traditional stablecoins, which these tokens closely resemble, are issued by…

Canary XRP ETF’s Record Launch Brings $250M Inflows Via In-Kind Redemptions

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The debut of the Canary Capital XRP exchange-traded fund (ETF) is signaling renewed demand for altcoins, after the fund posted the strongest first-day performance of any of the over 900 ETFs launched in 2025. Canary Capital’s XRP (XRP) ETF closed its first day with $58 million in trading volume, marking the most successful ETF debut of 2025 among both crypto and traditional ETFs, said Bloomberg ETF analyst Eric Balchunas in a Thursday X post.  Moreover, the new fund garnered over $250 million in inflows during its first trading day, surpassing…

Bitcoin ETFs Log 2nd Worst Day At $866M, But Bull Market Intact: Analyst

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Demand for Bitcoin and crypto-linked investment funds continued to decline Thursday, despite the long-awaited end of the 43-day US government shutdown. US spot Bitcoin (BTC) exchange-traded funds (ETFs) saw $866 million in net outflows on Thursday, marking their second-worst day on record after the $1.14 billion daily outflows on Feb. 25, 2025, according to Farside Investors. This marked the second consecutive day of outflows for the Bitcoin ETFs, as the end of the 43-day US government shutdown failed to reignite investor appetite. The $866 million outflows occurred a day after…

Kraken in No Rush for IPO in US, Says Co-CEO

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Crypto exchange Kraken isn’t rushing toward a US public listing, even as a friendlier policy climate and improving market conditions have spurred other crypto companies to pursue an initial public offering.  “We’re financially sound. We know how to have our own risk management on how we run our company,” Kraken co-CEO Arjun Sethi told Yahoo Finance on Thursday. “We have enough capital on our balance sheet today as a private company,” he added. “We don’t race to the door as quickly as possible.” Multiple crypto companies have gone public this…

Bitfarms to Shutter Bitcoin Mining in Pivot to AI

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Bitfarms’ stock has plunged after the company announced it would be shuttering its Bitcoin mining operations over the next two years and converting them to artificial intelligence and high-compute data centers. The company said on Thursday that its 18-megawatt Bitcoin (BTC) mining site in the US state of Washington will be the first to be fully converted to support AI and high-performance computing, with completion expected in December 2026. “Despite being less than 1% of our total developable portfolio, we believe that the conversion of just our Washington site to…

Banning Stablecoin Merchant Rewards Would Be Unamerican: Coinbase

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Crypto exchange Coinbase has slammed US banking groups for asking regulators to ban merchant rewards, cashbacks and discounts offered to customers who pay with stablecoins, calling the request “unamerican.” The clash relates to the statutory language of the GENIUS Act, which prohibits stablecoin issuers from offering interest or yield to holders of the token, but it does not explicitly extend the ban to crypto exchanges or affiliated businesses. The banking groups claim an “indirect interest” arises when a third-party financially benefits and has a connection to the stablecoin issuer. Coinbase…

Threshold Upgrades tBTC bridge for Institutional Bitcoin DeFi

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Crypto infrastructure platform Threshold has rolled out a major upgrade for its tBTC bridge, aimed at enticing institutions to put their billions of dollars worth of Bitcoin to work in decentralized finance protocols.  Threshold’s latest upgrade now enables institutions to mint tBTC directly to supported chains in a single Bitcoin (BTC) transaction, without secondary approvals and without gas fees, while redemptions back to the Bitcoin network are equally as straightforward, Threshold said in a statement. Threshold’s head of marketing, Rizza Carla Ramos, went into more depth in an interview with…

UK Needs Stablecoins To Keep Pace With US Dollar and Euro — Fintech Exec

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The United Kingdom needs to regulate and encourage the development of British pound stablecoins to keep the country’s financial services sector globally competitive, according to Mark Fairless, the group CEO of bank infrastructure and fintech company ClearBank. “Stablecoins are a logical extension to reduce friction in international global payments,” Fairless told Cointelegraph in an interview at Web Summit 2025 in Lisbon, Portugal.   He said that pound stablecoins will never equal the market capitalization of dollar or euro-denominated tokens because it isn’t a global reserve currency.  Dollar-denominated stablecoins account for about…