Kasikornbank Financial Conglomerate, a Thai banking giant, has said it plans to launch the country’s first licensed digital asset custodian. The service, called Orbix Custodian, is licensed by the Finance Ministry and supervised by the securities regulator. Kasikornbank is currently testing its systems before launching in early 2025. The goal is to protect investors and …
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Ethereum (ETH) creator Vitalik Buterin isn’t dissuaded by the controversy surrounding the decentralized betting platform Polymarket. The Polygon-based betting platform has sparked criticism for offering war markets related to the ongoing conflicts in the Middle East between Israel, Hezbollah and Hamas. Markets like “Israeli forces enter Lebanon in September?” and “U.S. evacuates Beirut Embassy by …
A closely followed trader known for making timely altcoin calls believes six crypto assets are the fastest horses in the digital asset race. Pseudonymous analyst The Flow Horse tells his Telegram subscribers that six altcoins are ahead of the crypto pack including projects in the artificial intelligence (AI), memecoin and layer-1 sectors. “Memes are more …
A popular on-chain analyst says Bitcoin (BTC) is no longer looking bearish based on several key indicators. Pseudonymous on-chain sleuth Checkmate tells his 98,300 followers on the social media platform X that Bitcoin’s Active-Value-to-Investor-Value (AVIV) ratio has moved from a downtrend signal to a neutral one. The AVIV is the ratio between the active capitalization, …
On Oct.1, Bitcoin ETFs experienced significant net outflows, totaling $242.6 million, reflecting a sharp reversal from the large inflows seen in the previous week. Fidelity’s FBTC ETF led the withdrawals, recording $144.7 million in outflows, while Ark’s ARKB ETF saw $84.3 million in redemptions. Bitwise’s BITB ETF also posted $32.7 million in outflows, and VanEck’s …
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Kraken has announced its decision to end support for Monero (XMR) in the European Economic Area (EEA) by the end of October, according to an Oct. 1 statement. The exchange explained that this decision was due to the recent regulatory shifts in the region. Due to this, the platform stated: “On October 31 2024 at 15:00 …
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Fidelity is on the verge of joining the top 10 Bitcoin holders, needing just 22,000 BTC to surpass the US government’s holdings, according to data from TimechainIndex. Currently holding 182,757 BTC or 0.9248% of the total supply, Fidelity stands at the 11th position. In contrast, the US government holds 204,302 BTC, accounting for 1.0338% of …
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Mark Carnegie’s MHC Digital Group is partnering with Circle Internet Financial to expand the distribution of the stablecoin USD Coin (USDC) to institutional investors in Australia and the broader Asia-Pacific (APAC) region. This strategic collaboration aims to help superannuation funds and high-net-worth individuals avoid significant bank fees by leveraging USDC, which has a market capitalization …
Russian President Vladimir Putin marked the 75th anniversary of the People’s Republic of China by praising the solid partnership between Russia and China. He emphasized the resilience of their economic relationship and increasing trade despite international challenges. Putin also highlighted the significance of their cooperation in multilateral organizations, showing the strategic alignment between the two …
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Kraken has announced the delisting of Monero (XMR) across the entire European Economic Area (EEA) due to regulatory changes. Effective October 31, 2024, at 15:00 PM UTC, trading and deposits for all XMR markets will be halted, and any open orders will be automatically closed. Clients will have until December 31, 2024, to withdraw their …
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The Australian financial institution ANZ Bank has joined Project Guardian, a Monetary Authority of Singapore (MAS) initiative exploring the digitization of financial markets. In partnership with Chainlink Labs and ADDX, ANZ will investigate the interoperability of private blockchains for exchanging tokenized assets like commercial paper. ANZ aims to contribute to developing a stable, secure digital …
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Jonathan Chester, CEO of Bitwage, has detailed how the company has been serving Argentine remote workers who prefer collecting payments from employers abroad in stablecoins. Chester stated that 70% of its customers in the country use stablecoins, reinforcing that these have helped Argentines increase their net salaries up to 50%. Bitwage CEO Jonathan Chester: 70% …
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BitMEX founder Arthur Hayes thinks it’s going to be “very, very difficult” for other smart-contract platforms to surpass Ethereum (ETH). Hayes says in a new interview with The Big Whale that Ethereum currently leads the pack in terms of innovative applications and number of developers. He argues that innovations start on Ethereum and then “copycats” …
HodlX Guest Post Submit Your Post The question still comes up – is crypto too complex for the ‘average user’ to understand? The answer seems straightforward. Bitcoin quickly became a cultural phenomenon – appearing in rap songs and movies – and then was adopted by national governments and major corporations. It is safe to say …
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Hut 8 Corp., one of North America’s largest Bitcoin miners, has announced that Anchorage Digital has converted the remaining $38 million of its outstanding loan into common shares. The conversion was completed at $16.395 per share, representing a 51% premium over the 20-day volume-weighted average price through Sept. 26. The move significantly enhances Hut 8’s …
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