Cryptocurrencies analysis

Stablecoins may drum up $1.4 trillion of extra dollar demand by 2027, JPM says

LONDON -The adoption of stablecoins could generate an additional $1.4 trillion in demand for U.S. dollars by 2027, if enough overseas investors want to own these digital assets, analysts at JPMorgan...

OpenAI bans suspected China-linked accounts for seeking surveillance proposals

OpenAI said on Tuesday it has banned several ChatGPT accounts with suspected links to the Chinese government entities after the users asked for proposals to monitor social media conversations. ...

Global crypto ETFs attract record $5.95 billion as bitcoin scales new highs

Exchange-traded funds tracking crypto assets drew record inflows of $5.95 billion globally last week, as strong demand for digital assets helped propel bitcoin to an all-time high. ...

Bitcoin hits new all-time record high

NEW YORK -Bitcoin hit a new record high on Monday as the world's largest cryptocurrency by market value continued to benefit from strong investor demand. The rally since the start of...

Rouble-backed token targeted by sanctions sponsors top crypto conference

SINGAPORE/PARIS -The business behind a rouble-backed cryptocurrency targeted by U.S. sanctions was among the sponsors of a major crypto conference in Singapore this week, as demand soars for the...

Ziplines, DJs and Trump: Singapore's crypto conference has attendees roaring

SINGAPORE -From making predictions about a multi-trillion stablecoin market to praising U.S. President Donald Trump for his support of the crypto industry, a high-profile conference in Singapore this...

Tether valued at $500bn… but is the bar set too high?

An XXL promise: Tether is aiming for a valuation of $500bn-OpenAI's orbit-and wants to move from being a USDT issuer to a conglomerate of tokenized dollar rails. If the market takes the bait, crypto...

ETH above $4,300: uneasy balance of thin liquidity, unstaking, and retail fatigue

Ether rebounds after a sharp drop, but with exchange reserves at 2016 lows and 35.6M ETH queued for unstaking, the market sits on fragile ground.

Widely-used stablecoins need to be regulated like money, BoE's Bailey says

LONDON -Any stablecoin that becomes widely used as a means of payment in Britain needs to be regulated like money in a standard bank, Bank of England Governor Andrew Bailey said on Wednesday,...

OKX Singapore launches stablecoin payments at local GrabPay merchants

SINGAPORE -Cryptocurrency exchange OKX said on Tuesday it has launched a service allowing its customers to make payments in stablecoins to merchants on ride-hailing operator Grab's payments platform...

US SEC commissioner says regulator willing to work with those who want to tokenise

SINGAPORE -A top U.S. securities regulator known for her supportive stance on the cryptocurrency industry said on Tuesday that the Securities and Exchange Commission is open to working with industry...

Kraken in talks to raise funds at $20 billion valuation, Bloomberg News reports

Crypto exchange Kraken is in advanced talks to secure fresh funding that could value the company at about $20 billion, Bloomberg News reported on Friday. The funding would include a...

SoftBank, Ark in talks to join Tether major funding round, Bloomberg News reports

SoftBank Group and Ark Investment Management are among potential investors in a funding round for stablecoin issuer Tether, Bloomberg News reported on Friday. The two investors are...

A wave of crypto ETFs is about to flood Wall Street

In Washington, the SEC has lifted a barrier: the approval of crypto ETFs will no longer be subject to endless procedures. Now, Solana, XRP, Dogecoin, and others are seeing a fast track to traditional...

Tether names ex-Google, Limestone executive as chief business officer

Crypto giant Tether has appointed Benjamin Habbel as its chief business officer, the company said on Wednesday, as it looks to broaden its investments beyond digital assets. Habbel, who...

Leverage flushed, bulls cornered: is Bitcoin's $111K line about to break?

Bitcoin slid below $112K, triggering $1.6B in liquidations. With short-term holders capitulating, the $111.4K realized price is now the key battleground.

Indian court dismisses X's petition about content removal mechanism

BENGALURU -An Indian court rejected a legal challenge by Elon Musk-owned social media company X against the country's new content moderation mechanism, ruling on Wednesday that the petition lacked...

Crypto firm Tether eyes $500 billion valuation in major raise, Bloomberg News reports

Crypto giant Tether is in talks to raise as much as $20 billion in a private placement that could value the El Salvador-based firm at about $500 billion, Bloomberg News reported on Tuesday. ...

Crypto firm Tether eyes $500 billion valuation in major raise round, Bloomberg News reports

Crypto giant Tether is in talks to raise as much as $20 billion in a private placement that could value the El Salvador-based firm at about $500 billion, Bloomberg News reported on Tuesday. ...