English News

(Coin Telegraph)-17/04/2024The cryptocurrency market took a beating in 2022, falling more than 70% during a time when the industry made headlines around the world for all the wrong reasons — from FTX’s bankruptcy and Sam Bankman-Fried’s arrest to the $50 billion collapse of the Terra ecosystem.The United States also saw inflation hit a 40-year high […]

(Coin Telegraph)-17/04/2024The upcoming Bitcoin halving could lead to a greener Bitcoin mining network with more sustainable energy sources.With Bitcoin block rewards set to be cut from 6.25 BTC to 3.125 BTC, paired with a continually increasing Bitcoin hash rate, the profitability of mining firms could take a hit.In turn, this could lead miners to search for greater […]

(Coin Telegraph)-17/04/2024Three recently approved spot Bitcoin exchange-traded funds (ETFs) in Hong Kong may not be as big of a deal as some may think, according to senior Bloomberg ETF analyst Eric Balchunas.On April 15, The Hong Kong Securities and Futures Commission (SFC) issued conditional approvals to three offshore Chinese asset managers to begin issuing spot Bitcoin and Ether […]

(Coin Telegraph)-17/04/2024The United Kingdom Treasury intends to present a regulatory framework for crypto assets and stablecoins by July, with the aim of encouraging local innovation in digital assets and blockchain technology.The U.K.’s economic secretary to the Treasury, Bim Afolami, revealed the government’s ongoing drive to lay the groundwork for revamping the country’s payments landscape while speaking at […]

(Reuters)-27/03/2024Global bank messaging network SWIFT is planning a new platform in the next one to two years to connect the wave of central bank digital currencies now in development to the existing finance system, it has told Reuters.The move, which would be one of the most significant yet for the nascent CBDC ecosystem given SWIFT’s […]

(Reuters)-27/03/2024Ratings agency S&P Global on Tuesday downgraded five regional U.S. banks to due to their commercial real estate (CRE) exposures, in a move likely to reignite investor concerns about the health of the sector.The ratings agency downgraded First Commonwealth Financial (FCF.N), opens new tab, M&T Bank (MTB.N), opens new tab, Synovus Financial (SNV.N), opens new tab, Trustmark (TRMK.O), opens […]

(Coin Telegraph)-27/03/2024The fifth-largest Bitcoin holding address — also dubbed “37X” — has moved over $6 billion worth of BTC to three new addresses for the first time since 2019.The Bitcoin whale transferred nearly its entire balance of 94,500 Bitcoin, worth $6.05 billion, on March 23, leaving only 1.4 BTC in the initial address, according to a […]

(Coin Telegraph)-27/03/2024The Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging network has released the results of the second phase of sandbox testing for its central bank digital currency (CBDC) interlinking solution, which it calls a connector. The project looked at four use cases, not all of which involved CBDC, according to the report it released on the test […]

(Coin Telegraph)-27/03/2024The London Stock Exchange (LSE) will launch cryptocurrency exchange-traded notes (ETNs) tracking the performance of Bitcoin on May 28.According to the March 25 announcement, applications for the crypto ETNs can be submitted as soon as April 8, and successful funds will be listed the following month contingent on the approval by the country’s Financial Conduct Authority […]

(Coin Telegraph)-27/03/2024The International Monetary Fund (IMF) believes that digital money, both private and public, could help the world’s most remote and dispersed nations in the Pacific Ocean to raise financial inclusion and the quality of financial services. On March 25, the IMF published a report on the potential role of stablecoins and central bank digital currencies (CBDCs) on […]

(Coin Telegraph)-27/03/2024Misyon Bank — an investment banking firm and one of the first neobanks in Turkey — is moving into digital asset custody and tokenization with Swiss cryptocurrency custody provider, Taurus.The Turkish neobank signed a partnership agreement with Taurus to implement its technology in order to provide crypto custody and tokenization services at Misyon Bank. […]

(Yahoo Finance)-20/03/2024The US Federal Reserve is widely expected to keep its key lending rate unchanged again on Wednesday, as policymakers continue discussions over when to start rate cuts and launch the next phase in their long-running battle against inflation.The Fed has raised interest rates to a 23-year high of between 5.25 and 5.50 percent as […]

(Reuters)-20/03/2024Two investment advisers have agreed to pay penalties to settle U.S. Securities and Exchange Commission charges that they made false and misleading statements about their use of artificial intelligence (AI), the regulator said on Monday.Toronto-based Delphia Inc and San Francisco-based Global Predictions Inc, which did not admit or deny the SEC’s charges, agreed to pay […]

(Coin Telegraph)-20/03/2024Nasdaq-listed Bitcoin mining firm Bit Digital has announced earnings of $44.9 million for 2023 — up 39% from 2022.Bit Digital said it earned 1,507.3 BTC in 2023, which represents a 21% increase compared to 2022. The BTC amount reported by the mining firm is worth around $97 million at current market prices.Bit Digital said this growth was […]

(Coin Telegraph)-20/03/2024Japan’s Government Pension Investment Fund (GPIF), the largest pension fund in the world, is looking at Bitcoin as a potential diversification tool.The GPIF officially announced on March 19 the development of new long-term investment policies in response to “major changes in the economy and society, and rapid technological progress.”In response to the new challenges, the GPIF is […]

(Coin Telegraph)-20/03/2024Arkansas Representative French Hill, who chairs the United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion, plans to take over leadership of the full committee following Patrick McHenry’s departure.According to a March 17 Punchbowl News report, Hill is one of the contenders to chair the full financial services committee starting in […]