Source: iStock/Jan-Otto The Thai central bank, the Bank of Thailand, has taken the unprecedented step of banning a fiat baht-pegged stablecoin, claiming that it could undermine the Thai public’s confidence in the existing financial system. The stablecoin in question is the THT, the brainchild of the South Korean blockchain firm and terra (LUNA) token issuer…
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After US-based major cryptoasset investment firm Grayscale launched its new trusts, livepeer (LPT), the native digital currency for the Livepeer Network, became the hottest coin on the market, rallying more than 200% – significantly more than any other coin in the top 500 by market capitalization. Meanwhile, metrics on Livepeer’s website show increase in adoption…
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US-based major cryptoasset investment firm Grayscale launched five new trusts, while its biggest, bitcoin (BTC) trust is unavailable for investing again. The Grayscale family has been joined by chainlink (LINK), basic attention token (BAT), decentraland (MANA), filecoin (FIL), livepeer (LPT) trusts. Following the news, LINK jumped by 8% in the past hour, BAT rallied 12%,…
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Bitcoin price recovered from the USD 53,200 zone and climbed above the USD 54,500 and USD 55,000 resistance levels. It is currently (12:30 PM UTC) consolidating, with major hurdles near USD 57,200 and USD 58,000. Similarly, there was a steady rise in most major altcoins, including ethereum. ETH recovered above USD 1,800, but it failed…
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Chinese media outlets are reporting a sharp rise in bogus crypto, blockchain and digital yuan-related schemes in the country, as bitcoin (BTC) prices rise and the rollout of the Chinese central bank digital currency (CBDC) approaches. Per reports from JRJ and the National Business Daily, unsuspecting investors are laying down up to USD 60,000 at…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Legal news The case of Ripple versus the United States regulators took a fresh turn as a group of XRP token holders asked the American court system to accept their testimony as third-party…
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Charles Hoskinson. Source: a video screenshot, Youtube/Charles Hoskinson Cardano (ADA) supremo Charles Hoskinson claims that his project is poised to steal some of Ethereum (ETH)’s thunder – with claims that “more than 100 companies” are “in the pipeline,” and will shift to Cardano when the latter’s functionality “matures.” However, speaking to Bloomberg, he did not…
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Brad Garlinghouse. Source: a video screenshot, Bloomberg The long battle between the American regulatory Securities and Exchange Commission (SEC) and the XRP issuer Ripple has taken a personal turn – literally – with the SEC seeking personal financial information from banks on the company’s two most powerful executives, its co-founder Christian Larsen and CEO Bradley…
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Tether (USDT) could emerge as an unlikely target for the Chinese central bank, the People’s Bank of China (PBoC), when it rolls out its digital yuan ahead of next year’s Winter Olympic Games, an industry player has opined. Speaking to Bloomberg (via Sankei Biz), Philip Gillespie, the CEO of the crypto liquidity provider B2C2 Japan…
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Bitcoin price corrected lower from the USD 58,000 resistance. However, BTC is still trading above the USD 56,000 level and is almost unchanged in a day. The current (12:30 PM UTC) price action is positive, suggesting more possible upsides above the USD 57,500 and USD 58,000 levels. Besides, most major altcoins are trading in a…
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