Crypto

The Coinbase-backed feature, first announced in July, lets PNC clients buy, sell and hold bitcoin directly in their digital banking accounts.

The Digital Chamber is among the oldest and largest crypto advocacy groups, and it'll now incorporate CryptoUK into its widening operations.

Kevin O’Leary, aka “Mr Wonderful,” says Bitcoin may not be the most logical first target for quantum computing attacks. Quantum computers may eventually be capable of breaking Bitcoins security, but attempting to use it that way could be entirely pointless, according to multimillionaire entrepreneur Kevin OLeary. If youre going to take a quantum computer stack and dedicate it to cracking Bitcoin, is that the best use of the power and that facility, or is there another way to make money? OLeary says during an interview with Magazine. Ive heard the narrative for almost six years, OLeary, dressed in his trademark black suit, says, brushing aside a long-held concern from the crypto industry. Read more

Strategy and BitMine have calmed concerns that they may be tapped out with massive BTC and ETH purchases respectively. So what's the impact?

Malaysia’s crown prince launched a stablecoin on Zetrix and a $121 million digital asset treasury modeled after MicroStrategy, despite sector bubble fears. The eldest son of Malaysia’s billionaire king is launching a stablecoin pegged to the national currency, targeting payments across the Asia-Pacific region. Bullish Aim, a telecom company owned by Ismail Ibrahim, the son of Sultan Ibrahim Iskandar of the Johor royal family, on Tuesday announced the launch of RMJDT, a new stablecoin backed by the Malaysian ringgit, the country’s fiat currency. The stablecoin is set to be issued on Zetrix, a layer-1 blockchain designed to connect governments, businesses and individuals to the Web3 economy with a focus on cross-border integration, particularly in China. Read more

Crypto is at a mainstream tipping point due to the emergence of regulated investment products, according to Matt Huang of Paradigm. The cryptocurrency industry is approaching its “Netscape moment,” as steady progress in blockchain infrastructure and the rise of regulated investment products drive a new wave of institutional adoption, according to Paradigm co-founder Matt Huang. The crypto sector is “facing its ‘Netscape’ or ‘iPhone’ moment,” Huang wrote Sunday in a post on X. “It’s working bigger than ever before, far beyond our wildest dreams. Both the institutional parts and the cypherpunk parts.” Netscape launched the first easy-to-use web browser for mainstream users in 1994 before going public with a successful initial public offering (IPO) in August 1995, marking the first building block that triggered the internet’s mass adoption. Read more

Hong Kong has launched a public consultation on adopting the OECD’s crypto account tax data sharing program, CARF, and revising its tax reporting standards. Hong Kong has launched a public consultation on how to implement the international Crypto-Asset Reporting Framework, or CARF, as it moves to bring crypto tax data sharing in line with global standards. According to a Tuesday news release, Hong Kong is seeking input on both the implementation of CARF and changes to tax reporting standards. The announcement explicitly ties the move to the local administration’s efforts to fight cross-border tax evasion. The move constitutes standardization rather than a change of direction by the local government. As the announcement points out, Hong Kong authorities have been annually exchanging financial account information with partner jurisdictions since 2018. Read more

Japan’s FSA is set to mandate liability reserves for crypto exchanges to boost consumer protection. The new rules are set to change the market. Japan is in the process of introducing significant changes to cryptocurrency regulation following renewed attention to Mt. Gox-related repayment activity in 2024. The Financial Services Agency (FSA) plans to introduce new rules requiring cryptocurrency exchanges to maintain special “liability reserves” to protect customers if their assets are lost due to hacks or unauthorized transfers. The measures aim to bring the cryptocurrency sector closer to the strict standards applied to traditional financial institutions in Japan, one of the world’s most heavily regulated markets. Read more

The total value traded for spot DOGE ETFs reached its lowest point since launch, signaling a fading of the early hype as liquidity and flows lag well behind those of major crypto ETFs. US spot Dogecoin exchange-traded funds (ETFs) are showing early signs of cooling demand, as total value traded (TVT) has fallen to its lowest level since launch.  SoSoValue data showed that on Monday, Dogecoin ETFs’ TVT fell to just $142,000, the lowest since launch. This marked a sharp retreat from late November, when the funds saw days where value traded topped $3.23 million. Total value traded refers to the total dollar amount of ETF shares bought and sold over a given period. It serves as a gauge of market activity and practical liquidity, indicating the amount of money that has moved through the funds. Read more

The bank has cut its 2025 Bitcoin price target by half, citing the end of corporate buying and sharply slowing ETF inflows.

The United States has signaled a clear distinction between crypto assets suitable for trading and those best suited for use as collateral in the derivatives markets. On Dec 8, the Commodity Futures Trading Commission (CFTC) authorized Futures Commission Merchants (FCMs) to accept Bitcoin, Ethereum, and USDC as eligible margin under a digital assets pilot program. […] The post The CFTC just authorized Bitcoin, ETH, USDC only for US leverage, leaving XRP, SOL stranded in risky limbo appeared first on CryptoSlate.

Comptroller of the Currency Jonathan Gould warned that restricting national trust banks from digital assets would stifle innovation.

Despite falling trading volumes, HashKey is pushing ahead with its IPO.

The absence of new buyers and weakening ETF demand are factors likely to keep the Bitcoin price pinned below $93,000 as a bear flag targets $67,000. Bitcoin (BTC) price action has painted bearish continuation patterns on its daily chart, which may propel BTC to new lows, according to analysts. Key takeaways: A sharp decline in spot buying and weakening ETF demand suggests that the upside may be limited. Read more

With more than 5.5 million app users in the last year, VeChain is focusing on tangible use cases for crypto that “you can hold in your hands.”

Rising retail participation incentivizes data-driven, “elite” traders to use “information asymmetry” and spreads caused by casual investors seeking a quick buck, 10x said. Prediction markets are emerging as a new battleground in the crypto economy, where the best-informed traders are competing against casual retail bettors for profits. Most users are behaving more like sports bettors than disciplined traders, according to a Tuesday report from research firm 10x Research, which said they are trading “dopamine and narrative for discipline and edge.” It added: “Accuracy and profit are driven not by the crowd, but by a tiny, informed elite who price probability, hedge exposure, and extract premium from retail-driven longshots.” The rising liquidity and retail participation are incentivizing professional trading desks to increase their prediction market activity and capture the spread and “misinformation asymmetry” arising from this market structure, 10x said. Read more

Bitcoin (BTC) trades above $90K ahead of the Fed meeting, with analysts split on a breakout to $100K or a possible drop to $70K or lower.

Polygon’s hard fork cuts consensus time to one second, supports Fusaka EIPs and lays the groundwork for stablecoin and RWA-focused scaling. Blockchain network Polygon rolled out its latest protocol upgrade, known as the Madhugiri hard fork, which aims to achieve a 33% increase in network throughput and reduce block consensus time to one second.  Polygon core developer Krishang Shah said on X that the update includes support for three Fusaka Ethereum Improvement Proposals, specifically EIP-7823, EIP-7825 and EIP-7883. These EIPs make heavy mathematical operations more efficient and secure by limiting the amount of gas they consume. They also prevent single transactions from consuming excessive computing power, helping the network run more smoothly and predictably.  Read more

HashKey opens IPO subscriptions as it seeks to raise $214.7 million, valuing Hong Kong’s biggest crypto exchange at about $2.5 billion. HashKey Group, operator of one of Hong Kong’s licensed crypto exchanges, has opened subscriptions for its initial public offering (IPO) ahead of an expected listing next week. HashKey is seeking to raise up to 1.67 billion Hong Kong dollars ($214.7 million) in an IPO that is scheduled to debut on Dec. 17, according to a prospectus filed with the Hong Kong Stock Exchange (HKEX) on Tuesday. The company is offering 240.6 million shares at $0.76–$0.89 each, which would bring HashKey’s valuation to $2.46 billion at the top of the range. Read more

The Australian regulator indicated the framework could expand as additional stablecoin and wrapped token issuers secure AFS licences.