Bitcoin price drops below $59K as institutions stop buying stablecoins

Similar to countries like Indonesia, Malaysia has not banned crypto trading but the government doesn't want to adopt crypto for payments. 319 Total views 23 Total shares An official at the Ministry of Finance of Malaysia reportedly opposed the idea of adopting cryptocurrencies like Bitcoin (BTC) as a payment method following recent crypto-friendly proposals by…

The Australian Prudential Regulation Authority foresees enacting requirements for bank exposure, operational risk and stablecoins by 2025. 327 Total views 4 Total shares The Australian Prudential Regulation Authority, or APRA, published a letter to regulated entities Thursday setting out risk management expectations and a policy roadmap for the regulation of crypto-assets through 2025. “While activities…

The Reserve Bank of Australia has warned local investors that the speculative frenzy on crypto could soon dry up if policymakers and regulators step in. 1395 Total views 16 Total shares The Reserve Bank of Australia (RBA) has warned Aussie investors about speculating on digital assets as it casts doubt over the entire crypto sector.…

China's central bank digital currency (CBDC) has seen new use cases in recent days, including buying securities and making offline payments. 229 Total views 2 Total shares Own this piece of history Collect this article as an NFTChina’s Central Bank Digital Currency (CBDC) — the digital yuan, or eCNY — has received upgrades giving it…

Base surpassed other layer-2 networks like Optimism and Arbitrum in terms of daily transactions but still lagged behind Polygon and BSC. 208 Total views 3 Total shares Coinbase layer-2 network Base hit a new peak in terms of daily transactions, breaking its former record when it was launched in August, according to data from blockchain

Bitcoin (BTC) stayed lower at the Feb. 24 Wall Street open as United States macroeconomic data showed inflation biting back.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewPCE sparks fresh doubts on inflationData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it traded in a narrowing range around $23,800.The pair attempted to reclaim $24,500 the day…

APE has been pursuing a rare ascending triangle reversal breakout, with its profit target at $8.40. 500 Total views 51 Total shares ApeCoin (APE) rallied to start the week as traders considered Yuga Labs’ decision to open its Otherside metaverse for selected users. In doing so, the token broke out of a technical pattern that…

Self-proclaimed electrification, automation and digitalization global giant Siemens has shown an interest in adopting blockchain-based solutions. In particular, Siemens is exploring the use of blockchain in the transportation industry, as per a report by Forbes on July 15.According to Siemens Corporate Technology’s head of cybersecurity and blockchain, Andreas Kind, Siemens is looking to incorporate blockchain…

Bitcoin (BTC) rewards shopping app Lolli has partnered with major American grocery chain Safeway to give customers 3.5% back in Bitcoin on all their purchases. Making Bitcoin ‘part of everyday life’According to a blog post announcing the new partnership on July 25, Safeway -- and Albertsons Companies’ subsidiary -- operates 894 locations across 17 American states. The…