Eight major banks in South Korea are working on a stablecoin backed by the won, aiming to protect the currency from the growing US dollar dominance. Read More at https://cointelegraph.com/news/korean-banks-to-launch-won-pegged-stablecoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Category Archives: Uncategorized
Bitcoin hashrate down ~15% since June 15, steepest drop in 3 years
In what looks to be the most dramatic decline in three years, Bitcoin’s hashrate dropped over 15% between June 15 and Tuesday. Read More at https://cointelegraph.com/news/bitcoin-hashrate-down-15-since-june-15-biggest-drop-in-3-years?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
BIS says stablecoins fail as money, calls for strict limits on their role
BIS says stablecoins fall short on key monetary principles, warning of financial crime risks and threats to monetary sovereignty. Read More at https://cointelegraph.com/news/stablecoins-fail-money-bis-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin price analysis now sees up to $111K liquidity grab next
Bitcoin exchange order books reveal a liquidity showdown in waiting as BTC price consolidates in a narrow range. Read More at https://cointelegraph.com/news/bitcoin-price-analysis-now-sees-up-to-111k-liquidity-grab-next?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
XRP price ‘breakout is coming’ between July and September: Analyst
Historical analysis suggests XRP’s big breakout could come between July and mid-September if the price overcomes resistance at $2.40. Read More at https://cointelegraph.com/news/xrp-price-breakout-is-coming-between-july-and-september-analyst?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Fuzzland says ex-employee was behind $2M Bedrock UniBTC exploit
Fuzzland says a former employee used insider access and malware to exploit Bedrock’s UniBTC protocol, resulting in $2 million in losses. Read More at https://cointelegraph.com/news/fuzzland-ex-employee-bedrock-unibtc-exploit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin ETFs log biggest June inflows at $588M, extend 11-day streak
US spot Bitcoin ETFs log $588.6 million in daily inflows, extending an 11-day streak amid easing geopolitical tensions. Read More at https://cointelegraph.com/news/bitcoin-etfs-june-biggest-inflows-588m-11-day-streak?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Genesis lawsuit alleges DCG ‘alter ego’ scheme, ignored warnings
A newly unsealed complaint reveals DCG executives anticipated legal fallout and ignored risk warnings as Genesis spiraled toward collapse. Read More at https://cointelegraph.com/news/unsealed-genesis-lawsuit-dcg-alter-ego-scheme?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Everyone laughed at these 10 gadgets. Now, they’re in every home
From robotic pets and digital currencies to virtual reality, some of the biggest innovations were once considered failures. Read More at https://cointelegraph.com/news/10-failed-gadgets-that-are-now-everywhere?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
South Korea’s central bank wants gradual stablecoin rollout
Bank of Korea governor Ryoo Sangdai reportedly said that banks should be the first to issue stablecoins, and they should do so slowly. Read More at https://cointelegraph.com/news/south-korea-central-bank-gradual-stablecoin-rollout?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound