Binance lowered the collateral ratio for six tokens on Sept. 18, while Coinbase International Exchange says 29 assets will leave its eligible-collateral list on Sept. 29. That ratio determines how much of an asset’s market value an exchange recognizes for borrowing or margin calculations. The exchanges operate separate products and account systems, but both changes…
Christine Lagarde personally asked Greek Prime Minister Kyriakos Mitsotakis to block Binance’s bid for a license to operate across the European Union, according to a Wall Street Journal report citing people familiar with the discussions. The intervention came after Greek regulators had all but signed off on the application, raising an obvious question about how…
The Bank of England has committed to remove £368 billion of gilts held for monetary-policy purposes by September 2034, even as the first market response pointed toward easier conditions in long-dated UK debt. The figure covers the portfolio left after the Bank separated £120 billion of longer-dated gilts to back banknotes. The Monetary Policy Committee…
The Bank of Japan announced a policy-rate increase to about 1.25% on Sept. 18, yet the visible Bitcoin and currency response showed limited signs of a disorderly yen-carry unwind. The BOJ voted 7-2 to lift its target for the uncollateralized overnight call rate by 25 basis points, from about 1% to about 1.25%. The new…
Binance users should prepare for a temporary interruption to some main services at the start of next week due to scheduled maintenance. On the bright side, the disruption is expected to last only about an hour, after which all operations should return to normal. Cause for Concern? Binance announced it will perform an infrastructure wallet…
Dtcpay, a Singapore payments company, has completed a $25 million Series A with SBI Group joining as a strategic investor, giving its stablecoin payments business fresh backing for product and merchant expansion. The company announced the close on Sept. 18, naming SBI Ventures Asset Pte Ltd and the SBI-NTU-Kyobo Digital Innovation Fund as the Japanese…
The failure of the CLARITY Act in the US Senate has been a major setback for the crypto industry. The outcome raised new questions about the future of regulation in the country and whether the setback could hurt Bitcoin and other digital assets. But Bitwise Chief Investment Officer Matt Hougan believes the vote may not…
XRP should be in every news headline as its 50-day moving average sits about 2% below its 200-day average, the closest the gap has been since the token’s last golden cross in August 2024. The setup is emerging as bitcoin dominance, or bitcoin’s share of total crypto market capitalization, has fallen to a one-month low…
The UK Financial Conduct Authority says overseas crypto providers can fall inside the country’s incoming authorization regime when they serve British consumers, even when the business is established abroad. A “UK consumer” for this purpose means an individual in the UK acting outside a trade, business or profession. The definition is a statutory territorial concept…
SOL has followed the green wave sweeping through the broader cryptocurrency market, surging 6% in the past 24 hours to $105. Many analysts believe the asset’s rally might be just starting, with one envisioning a potential explosion to as high as $1,300. Parabolic Jump on the Way? Earlier this week, the landmark crypto bill known…