TrueUSD maintains it has no exposure to Prime Trust despite community claims

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Rotation of stablecoins into Bitcoin as it climbed to $30k

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SAP opens testnet registration for cross border payments in stablecoins

Although USDC is available on nine blockchains, including Algorand, Solana, and TRON, Schroeder confirmed that the preview phase would use Ethereum only. EUROC has a much smaller token circulation than USDC. It is available on Ethereum and Avalanche. The current circulations of USDC and EUROC are $28.2 billion and €47.9 million ($52.3 million,) respectively. Product …

Top Analyst Who Predicted Bitcoin’s 2022 Bottom Says BTC To Hit New Highs for This Year – Here Are His Targets

An analyst who accurately nailed the crypto bottom in November 2022 says he expects Bitcoin (BTC) to go above this year’s high of around $31,000. Pseudonymous analyst DonAlt tells his 51,500 TechnicalRoundup YouTube subscribers that Bitcoin is likely to break out of an “indecision zone” and rally above and beyond $32,000. “We are at weekly …

Bitcoin ‘parabolic advance’ means BTC price all-time high in 2023 — Trader

Bitcoin has around four months to go before eclipsing its $69,000 peak if past impulse moves are a guide, says Credible Crypto. Markets News Join us on social networks Bitcoin (BTC) will hit new all-time highs in 2023, and October is the favorite month for it, a popular trader says. In a Twitter update on …

Blame game rages over ASX’s failed CHESS system blockchain upgrade

Digital Asset blames the ASX for not providing it with crucial information while the ASX says these claims are misleading. News Join us on social networks Digital Asset — the New York firm responsible for Australian Securities Exchange’s now-abandoned blockchain-based clearing system — has blamed the securities exchange for dropping its blockchain plans. Meanwhile, representatives …

Mark Zuckerberg’s jiu-jitsu or Elon Musk’s street-fight ‘walrus’ — Who will win?

While Musk has a bigger frame and height advantage at 6’1, Zuckerberg has now been training in Brazilian Jiu-Jitsu for nine months. News Join us on social networks Meta founder and CEO Mark Zuckerberg has emerged as a clear favorite among betters in a proposed “cage match” with Twitter owner and Tesla CEO Elon Musk. …

Binance.US solves USD withdrawal issues but warns it won’t last long

“While USD withdrawal remains fully operational on the platform today, we expect our banking partners to discontinue that service in the near future,” said Binance.US. News Join us on social networks U.S. crypto exchange Binance.US has informed customers it has resolved its U.S. dollar withdrawal issues after working with its banking partners but warns the …

Prime Trust cannot fulfill withdrawals, must stop accepting funds: Nevada C&D order

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576 American Banks Are Overexposed to Commercial Real Estate Loans As Delinquencies Rise: Report

Hundreds of US banks have exceeded regulatory guidelines on commercial real estate loan concentrations, according to a new report. A total of 576 banks are now overexposed, representing an increase of 30% compared to one year ago, says S&P Global Market Intelligence. The increased exposure comes at a time when commercial real estate loan delinquencies …

Tether CTO Paolo Ardoino Says Stablecoin Giant Not Competing With Banking System

Tether CTO Paolo Ardoino says the world’s largest stablecoin issuer does not view itself as a competitor of banks despite being a huge buyer and holder of US treasuries. In a new interview on The Wolf Of All Streets podcast, Ardoino says that Tether is not in a position to destabilize traditional banking institutions because …

Shiba Wings customers love the food, not so much the crypto, says owner

The SHIB-themed diner serves hot wings, burgers and cocktails, but despite the branding, still trades mostly in fiat. Interview Join us on social networks After a grand opening in March, Australian fast-food diner Shiba Wings has seen plenty of customers walking through the doors for their fried delectables.  Their appetite, however, hasn’t translated to crypto …

Bitcoin 30-Day Price Range Foreshadowed The Rally, Here’s How

Bitcoin has observed a sharp rally above the $30,000 mark over the past day. Here’s how the 30-day price range may have foreshadowed this volatility. Bitcoin Had Earlier Compressed To A Tight 30-Day Price Range According to data from the on-chain analytics firm Glassnode, tight price ranges have historically preceded large moves in the cryptocurrency’s …

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