The stablecoin showdown

Data from CoinMetrics shows that crypto whales now hold 42.1% of Bitcoin’s current supply. This is a slight increase compared to 37.9% two years back and analysts have interpreted the increase as a positive sign, as it shows large investors have been accumulating Bitcoin during its bear phase. There is, however, no major change in the…

Bitcoin held its latest advances over the weekend, but there are plenty of arguments calling for a snap BTC price retracement.

The fund cited “ongoing and threatened litigation” in its reasons for being unable to distribute its remaining assets to UST users starting with the smallest HODLers. 66 Total views 51 Total shares

Securities firms in Thailand are now authorized to count crypto as capital funds. 420 Total views 1 Total shares Thailand’s Securities and Exchange Commission has revised its net capital rules regarding digital assets.According to a Nov. 18 report by The Bangkok Post, the Thai SEC now allows firms dealing with digital assets to include the…

PayPal’s Bitcoin trading services are now fully available in the United Kingdom after the global payment giant began rolling out services last month. 284 Total views 40 Total shares PayPal officially announced on Friday that all eligible customers in the United Kingdom can now buy, hold and sell cryptocurrencies using their PayPal accounts.Customers can trade four…

Cointelegraph looks back on the best and worst-performing cryptocurrencies of 2022 among the top 100 assets by market capitalization. We used the highest and the lowest year-to-date (YTD) returns through the close of Dec. 25, 2022.Overall, Cryptoindex.com 100 (CIX100), an index that tracks the 100 best-performing cryptocurrencies, fell nearly 68% YTD, suggesting most top coins…

Tencent-backed WeBank and Ant Financial-backed MYbank will reportedly be the first private banks to join China’s digital yuan pilot. 3521 Total views 15 Total shares China’s central bank is pushing exposure to its ongoing national digital currency pilot by enlisting two major private banks in the project.According to a Feb. 22 Bloomberg report, MYbank and…

Jack McDonald will remain CEO of Standard Custody while also serving in his new role as senior vice president of stablecoins at Ripple.

Major cryptocurrency exchange Binance is preparing to expand its token offering with the listing of Blockstack (STX).According to an announcement on Oct. 23, the cryptocurrency exchange will open trading for STX/Binance Coin (BNB), STX/Bitcoin (BTC) and STX/Tether (USDT) trading pairs on Oct. 25. Binance users can now deposit STX ahead of trading.  In addition to trading…