HSBC and the world’s largest bank by total assets, the Industrial and Commercial Bank of China (ICBC), reportedly plan to apply for stablecoin licenses in Hong Kong as the region’s new regulatory regime takes effect. According to a Monday report in the Hong Kong Economic Journal, both HSBC and ICBC signaled their intention to apply…
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Bitcoin (BTC) starts the second week of September facing crucial resistance as traders maintain downside targets. Bitcoin price action coils below $112,000 over the weekend, but fears of a 10% correction or worse are mounting. CPI week is here again, and markets are wondering how large next week’s Federal Reserve interest-rate cut will be. Data…
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Backpack EU, the owner of FTX EU — the former European arm of the defunct exchange FTX — is launching operations after settling with the Cyprus Securities and Exchange Commission (CySEC). Backpack EU, registered with the CySEC as Trek Labs Europe, announced on Monday the launch of its perpetual futures platform in Europe, the company…
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German authorities may have missed around 45,000 Bitcoin tied to the movie piracy site Movie2K, meaning there could be another $5 billion worth of Bitcoin that could eventually be seized and sold. Crypto intelligence platform Arkham said on Friday that it found more than 45,000 Bitcoin (BTC) that “still remains in wallets belonging to Movie2K,”…
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Japanese investment company Metaplanet and crypto-friendly country El Salvador bought more Bitcoin on Monday as the Bitcoin Fear & Greed Index returned to “neutral” after several days in “fear.” Metaplanet said in a fresh disclosure on Monday that it had purchased an additional 136 Bitcoin (BTC), increasing its total stash to 20,136, worth over $2.2…
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A Bitcoin Ordinals developer has threatened to fund the development of an open-source fork of Bitcoin Core if developers attempt to censor Ordinals, Runes and other non-financial transactions on the network. The open letter on X from Leonidas, host of The Ordinal Show, on Saturday comes amid a war between members of the Bitcoin community…
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Bitcoin whales have sold a whopping $12.7 billion in Bitcoin over the past month, and continued sales could further pressure its price for the next few weeks, according to analysts. “The trend of reducing exposure by major Bitcoin network players continues to intensify, reaching the largest coin distribution this year,” observed CryptoQuant analyst ‘caueconomy’ on…
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The premiums of digital asset treasury (DAT) firms are falling and it’s likely to worsen in the near future unless they take action, says New York Digital Investment Group (NYDIG). NYDIG global head of research Greg Cipolaro said on Friday that the gap between stock price and net asset values (NAV) of major Bitcoin (BTC)…
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El Salvador’s Bitcoin Office is celebrating “Bitcoin Day,” the anniversary of the Bitcoin (BTC) legal tender law taking effect in September 2021. The Bitcoin Office highlighted the country’s Bitcoin strategic reserve, which now holds 6,313 BTC, valued at over $702 million, and the new banking law, which allows BTC investment banks to serve sophisticated investors,…
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Tether CEO Paolo Ardoino has denied recent rumors that the stablecoin issuer is offloading its Bitcoin holdings to buy gold. In a Sunday post on X, Ardoino said the company “didn’t sell any Bitcoin,” and reaffirmed its strategy of allocating profits into assets like “Bitcoin, gold, and land.” The comments came in response to speculation…
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