Bitcoin BTC$87,973.51 could be heading into a prolonged downturn, according to Cantor Fitzgerald, but that is likely to be a prelude to the crypto industry entering a more stable, institutionally driven phase. Markets are probably in the early phase of a crypto winter, echoing bitcoin’s historical four-year cycle, according to a year-end report by analyst…
Russia’s central bank laid out a proposed framework that would legalize and regulate cryptocurrency trading for both individuals and institutions, continuing its softening stance toward cryptocurrencies. However, it continues to caution that investing in crypto carries risks, including potential losses. “They are not issued or guaranteed by any jurisdiction and are subject to increased volatility…
Jurien Timmer, Director of Global Macro at Fidelity and a long time bitcoin bull, has become one of the latest financial strategists to turn more bearish on bitcoin BTC$87,853.38, citing the asset’s four year cycle. Bitcoin has historically followed a repeatable pattern, and from both an analog and time-based perspective, the current cycle appears to…
North Korean hackers stole at least $2 billion in cryptocurrency this year, the most on record, pushing the Democratic People’s Republic of Korea’s (DPRK) all-time haul to $6.75 billion, according to a new Chainalysis report. The figure represents a 51% increase over 2024 from fewer confirmed incidents. The numbers underscore a shift toward fewer, dramatically…
By Omkar Godbole (All times ET unless indicated otherwise) Crypto traders, brace for potential volatility because the pivotal U.S. nonfarm payroll report for November is set to be released later today alongside October retail sales. The employment data will offer further insight into the extent of cooling in the U.S. labor market, shaping expectations for the Fed’s rate-cutting trajectory….
Cryptocurrency exchange Coinbase (COIN) and crypto-friendly bank Standard Chartered (STAN) said they expanded a partnership on digital assets to explore the development of trading, prime services, custody, staking and lending products for institutional clients. The deal builds on the existing tie-up between the two companies in Singapore, where Standard Chartered provides banking connectivity that enables…
As financial capitals worldwide from London to Singapore race to introduce regulations to introduce digital assets into their banking systems, Mexico’s central bank announced a far more cautious stance. In its year-end report, boasting the stability of the country’s economy, the Bank of Mexico (Banxico) said it will “maintain a healthy distance between virtual assets…
Filecoin FIL$1.4990 slipped 0.3% to $1.48 over the last 24 hours, as the token underperformed wider crypto markets. The broader market gauge, the CoinDesk 20 index, was 2.2% higher at publication time. FIL consolidated with an $0.11 range representing 7.5% of the token’s value, according to CoinDesk Research’s technical analysis model. The critical development emerged…
Amid an intensifying international focus on stablecoins, the International Monetary Fund (IMF) has released a 56-page report detailing what it sees as the key risks surrounding their adoption. The report draws parallels from the claims many other central banks and international financial organizations make regarding the threat stablecoins represent to governmental monetary control, to ultimately…
HBAR retreated 2.2% during Thursday’s session as technical selling overwhelmed emerging ETF speculation. The token broke decisively below $0.1380 support on volume that peaked 47% above the daily average of 35.5 million tokens. The breakdown accelerated around 09:00 GMT when 52.21 million tokens changed hands. Bears drove prices to session lows near $0.1367 before momentum…