If the UK softens its stance towards stablecoins, it could pose risks to financial stability and trigger a credit crunch, according to the Bank of England’s deputy governor, Sarah Breeden, who has recently defended the central bank’s proposed holding limits…
Cryptocurrency News
Visa pilots fiat-funded stablecoin payouts for US businesses [cointelegraph]
Visa is piloting a service allowing US dollar stablecoin payouts to crypto wallets from business accounts funded with fiat currency.
Morgan Stanley says it’s harvest time as Bitcoin enters ‘fall’ season [cointelegraph]
Morgan Stanley’s Denny Galindo likens Bitcoin’s cycle to the seasons, warning that the market’s “fall” phase is a time to secure gains before a downturn.
JPMorgan launches JPM Coin on Base for faster institutional payments [btcmanager]
JPMorgan’s latest blockchain move could redefine how banks handle money transfers in the digital age. JPMorgan Chase has expanded its blockchain operations by launching JPM Coin on Base, the public blockchain built by Coinbase. The move, first reported by Bloomberg…
Crypto prices today (Nov. 12): BTC, ETH, XRP, BNB dip amid macro pressure [btcmanager]
The crypto market is on a downtrend, weighed down by macroeconomic uncertainty and cautious investor sentiment. The total cryptocurrency market value fell by 2.6% to $3.55 trillion. Bitcoin dropped 2.3% to $103,167, Ethereum slid 4.3% to $3,442, XRP declined 4.9%…
Crypto prices today (Nov. 12): BTC, ETH, XRP, BNB dip amid macro pressure [btcmanager]
The crypto market is on a downtrend, weighed down by macroeconomic uncertainty and cautious investor sentiment. The total cryptocurrency market value fell by 2.6% to $3.55 trillion. Bitcoin dropped 2.3% to $103,167, Ethereum slid 4.3% to $3,442, XRP declined 4.9%…
Crypto prices today (Nov. 12): BTC, ETH, XRP, BNB dip amid macro pressure [btcmanager]
The crypto market is on a downtrend, weighed down by macroeconomic uncertainty and cautious investor sentiment. The total cryptocurrency market value fell by 2.6% to $3.55 trillion. Bitcoin dropped 2.3% to $103,167, Ethereum slid 4.3% to $3,442, XRP declined 4.9%…
UAE’s ‘digital dirham’ CBDC pilot completes first transaction [cointelegraph]
The United Arab Emirates’ central bank digital currency pilot has made its first transaction, reportedly completed in under two minutes.
Sonic Labs CEO outlines plan to drive growth through real-world utility [btcmanager]
Sonic Labs is entering a new phase under chief executive officer Michael Demeter, who shared a long-term roadmap designed to reshape how the layer-1 blockchain creates and sustains value. Sonic Labs is shifting its focus toward sustainable growth built on…
Bitwise Chainlink ETF appears on DTCC site, tipping pending launch [cointelegraph]
Bitwise’s spot Chainlink ETF has appeared on the Depository Trust and Clearing Corporation’s registry, a sign that it could launch in the near future.