Author: NBTC

The measures form part of Hong Kong’s plan to develop its financial markets through digitalization and tokenization, covering stablecoins, digital bonds, tokenized deposits, wholesale CBDC settlement and digital asset custody surveillance. Hong Kong plans more regulated stablecoin uses The stablecoin proposals follow the introduction of Hong Kong’s regulated issuer framework and the first licenses granted earlier this year. As crypto.news previously reported, the city’s first stablecoin issuer licenses went to two institutions with banking backgrounds in April. The framework requires licensed issuers to maintain eligible reserve assets and remain under ongoing regulatory supervision. One of the licensed issuers, Standard Chartered…

One request calls for native Japanese speakers to review a proposed documentation change in Dogecoin Core. No development experience is required, opening the testing effort to community members who can help ensure the documentation is accurate and natural for Japanese-speaking users. “Help wanted: native Japanese speakers to review a proposed documentation change in Dogecoin Core. No development experience required,” Junior Developer wrote alongside a GitHub pull request document that invites contributors to add their language by creating a folder, placing the translated file there, and linking it from the index. Japanese was one of the languages still missing, so this…

Ohio Treasurer Robert Sprague announced the launch of a state-backed digital wallet that lets Ohioans pay state agencies with cryptocurrency, framing the program as the first statewide authorization of digital asset payments. The Buckeye Billfold initiative was unveiled with Secretary of State Frank LaRose in a release from the Treasurer’s office. Any cryptocurrency sent through the wallet is converted to US dollars at the moment of the transaction, so the state receives fiat in its normal bank account and never holds the volatile asset on its books. The office positioned the launch as a cost-cutting move that also saves processing…

The bank also believes that yesterday’s interest rate hike decision does not indicate a prolonged period of tightening, and that it can be characterized as an adjustment rather than the beginning of a new interest rate hike cycle. If inflation falls in the October and December data, Citi predicts that the Fed will resume interest rate cuts in June 2027. According to Citi’s updated forecast, the first 25 basis point interest rate cut could occur in June 2027. The bank also expects two more 25 basis point cuts in September and December 2027. However, a key condition for this scenario…

Following the price movement, another notable development came from a wallet allegedly linked to Lisk management. According to the data, approximately five hours after the sharp rise, an address believed to belong to Lisk CEO Max Kordek transferred 3.3 million $LSK to Binance. The value of the transferred tokens at the time was estimated at approximately $3.79 million. It was claimed that this address used the same Binance deposit address previously used by the Lisk CEO for gas fees. The activity at $LSK coincides with the ongoing comprehensive transformation process within the Lisk ecosystem. Lisk had previously announced it would…

While non-bank providers still dominate the register and grew in absolute numbers, banks expanded much faster, increasing their share from around 17% in late June to nearly 23% in September. German banks pile into crypto Germany drove much of the banking expansion, with dozens of cooperative and commercial banks appearing on ESMA’s MiCA register. New names include Deutsche Bank, Germany’s largest lender, which on Wednesday announced plans to launch digital asset custody services for institutional and corporate clients in Europe. A Deutsche Bank spokesperson told Cointelegraph that the bank expects to receive regulatory approval for the offering under MiCA in…

At the upper end of the wealth scale, the report counted 290 crypto centimillionaires with digital assets worth at least $100 million. Of those, 151 held their wealth in Bitcoin. Another 23 people qualified as crypto billionaires, including nine whose wealth was tied to Bitcoin. Crypto millionaire numbers fall during the downturn The latest figures represent a reversal from the sharp wealth expansion recorded during the previous market cycle. In 2024, crypto.news previously reported that the number of people holding more than $1 million in digital assets had climbed 95% to 172,300, up from 88,200 in 2023. Bitcoin millionaires numbered…

Their first meeting took place this Thursday in Tallinn – the capital of Estonia, where its operating entity was incorporated – amid uncertainty over how much and how it can be recovered. Only a few persons were physically present in the courtroom, according to a report by the Polsat News channel, quoted by other outlets in Poland, such as the web portal Interia. Among the participants was the bankruptcy trustee of BB Trade Estonia OÜ and lawyers representing those who suffered losses resulting from the exchange’s crash. Others attended remotely. Margus Lentsius, the official tasked with administering the troubled company,…

Why $USDC transfers can outnumber payments Aerodrome is a decentralized exchange on Base, the blockchain network developed by Coinbase. Traders use its liquidity pools to swap tokens, while liquidity providers deposit assets that support those trades. Aerodrome’s documentation says eligible providers can receive AERO token rewards, with allocations to pools determined through weekly voting. In one-tick farming, a liquidity provider uses a very narrow price range for a position. As positions are managed, $USDC can move through pool contracts repeatedly. RyeBlocks’ finding concerns the resulting transfer records: the value counted as moving onchain can rise each time the tokens change…

In the current cycle, Bitcoin has already spent approximately 1,400 days since its last interaction with the Balanced Price. At the same time, the amount of time $BTC spends below the metric has steadily declined. Earlier cycles saw prices stay below it for several weeks, later for around 20 days, and in 2022, the asset remained below the zone for practically just one day. The Balanced Price is currently near $38,400. It adjusts Bitcoin’s aggregate market cost basis using the long-term spending footprint of older coins and creates a valuation zone that has historically appeared during periods of extreme capitulation.…