The Middle East has a chance to become “the Switzerland of the 21st century” by embracing bitcoin-backed banking, credit, and digital money, said Strategy (MSTR) Executive Chairman Michael Saylor. In a wide-ranging presentation at Bitcoin MENA, Saylor urged the region to seize what he described as a $200 trillion opportunity by enabling banks to custody…
Tempo, a payments-focused blockchain backed by Stripe and crypto investment firm Paradigm, has launched its public testnet, a key step in its effort in making stablecoin payments for mainstream use. Tempo has also unveiled a roster of new additions to the network’s partner group, including buy-now-pay-later firm Klarna, predictions market Kalshi, payments giant Mastercard and…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2897.76, down 0.2% (-4.99) since 4 p.m. ET on Monday. Nine of 20 assets are trading higher. Leaders: ADA (+3.6%) and BCH (+0.9%). Laggards: UNI (-1.6%) and AAVE (-1.2%)….
IREN (IREN), a bitcoin miner, completed a refinancing that combined a $2.3 billion convertible senior-note offering with a $544.3 million repurchase of existing convertible notes. The new issuance includes $1 billion of 0.25% notes due 2032, $1 billion of 1% notes due 2033 and a fully exercised $300 million greenshoe to meet excess demand. IREN…
The crypto market fell Tuesday, losing early week momentum and eroding gains. Bitcoin BTC$90,362.57 currently trades at $90,150, down from Monday’s high of $92,350. The CoinDesk 20 Index (CD20) has lost 2.1% in 24 hours with all members declining. The price action mirrors last week’s performance when bitcoin rallied from $86,300 to $93,200 between Sunday…
SGX’s bitcoin BTC$90,264.38 and ether ETH$3,114.08 perpetual futures have become increasingly popular since their debut two weeks ago, and that growth represents new liquidity rather than cash redirected from elsewhere, said Michael Syn, president of the Singapore exchange holding company. The products, cryptocurrency derivatives that allow institutional traders to speculate on the price of an…
Bitcoin hovered near $90,400 on Tuesday as crypto markets steadied after one of the sector’s ugliest November performances since 2018, even as new data showed Europe led the month’s sell pressure by a wide margin. BTC rose 1% over the past 24 hours while ether added 0.2%, according to CoinGecko. Major altcoins were mixed; BNB…
Circle (CRCL), the firm behind the $78 billion stablecoin USDC$0.9998, said on Tuesday it has secured a Financial Services Permission (FSP) license from Abu Dhabi Global Market (ADGM), giving the company a formal foothold into the United Arab Emirates’ regulated crypto ecosystem. The license, issued by ADGM’s Financial Services Regulatory Authority (FSRA), allows Circle to…
A key Zcash developer has published the first detailed blueprint for a dynamic fee market, opening a community discussion about how the decade-old network should price transactions as ZEC’s price, user activity and institutional interest climb. The Monday proposal, released by Shielded Labs, lays out a shift away from Zcash’s historically static fee model —…
Memecoin posts modest advance with elevated trading activity while technical patterns signal consolidation near key support. News Background Dogecoin marked its 12th anniversary on December 6, twelve years after creators Billy Markus and Jackson Palmer introduced the meme-token that would later evolve into a major crypto asset supported by persistent community engagement. Despite the milestone,…
