Fake HSBC, Anchorpoint Tokens Emerge Ahead of Hong Kong Stablecoin Launch
In the lead-up to the formal debuts of their products, scammers have released phony tokens pretending to be HSBC and Anchorpoint Financial, two of the…
Survey Shows 80% of Japan Institutions Favor Crypto Allocation
Almost 80% of Japan’s institutional investors want to include crypto within the next three years, indicating a change from cautious curiosity to active portfolio planning, according to a poll conducted…
Philippines SEC Flags dYdX and 6 Crypto Platforms in Investor Warning
A public investor alert warning has been issued by the Philippine Securities and Exchange Commission (SEC) to caution Filipinos against investing in dYdX and six other cryptocurrency trading platforms. The…
Crypto Scam Targets Ships Near Hormuz Strait
Shipping firms have allegedly received communications from scammers claiming to be from the Iranian government, requesting payment in crypto to ensure the safe passage of their vessels that are stuck…
Crypto ETPs Weekly Inflows Hit $1.4B Amid Rising Investor Demand
Optimism over a possible end to the conflict and a recent burst in Bitcoin’s price drove investor enthusiasm, leading cryptocurrency investment products to record another week of robust inflows. According…
Strategy Tops 800K BTC After $2.5B Bitcoin Buying Spree
The recent acquisitions made by Michael Saylor’s Strategy, the biggest public Bitcoin holder in the world, have propelled the firm’s total holdings above 800,000 BTC. On Monday, Strategy filed an…
Coinbase Launches Crypto-Backed USDC Loans in UK
Users in the UK may now borrow USDC against Bitcoin, Ether, and Coinbase Wrapped Staked Ether (cbETH) via the cryptocurrency exchange Coinbase’s new crypto-backed USDC loans. Morpho, a lending protocol…
BIS Warns Stablecoins Pose Risks to Financial Stability, Urges Regulation
Pablo Hernández de Cos, general manager of the Bank for International Settlements (BIS), issued a warning on Monday that tokens denominated in US dollars could have “material consequences” for financial…
Bitcoin Holds $75K Amid Market Tension and Short Squeeze Risk
After a brief surge to its highest position since early February on Friday, the cryptocurrency market is trading back into familiar ground. The price of Bitcoin is just over $75,000…
EU Pushes for Euro Stablecoins as France Signals Policy Shift
Reuters reports that French Finance Minister Roland Lescure said on Friday that the European Union (EU) needs more stablecoins issued in euros and that banks around the EU should look…
Kraken’s Parent Firm Payward All Set to Acquire Bitnomial for $550M
The parent company of Kraken, Payward, has entered into an agreement to purchase Bitnomial, a platform for digital asset derivatives, for up to $550 million. The deal, which includes both…