National Australia Bank (NAB) is set to become the second “Big 4” Australian bank to launch an Australian dollar-pegged stablecoin on the Ethereum network. Set to launch sometime in mid-2023, the AUDN stablecoin is aimed at streamlining cross-border remittances and carbon credit trading, according to a Jan. 18 report from the Australian Financial Review (AFR). NAB’s chief innovation officer Howard Silby said the decision to mint the AUDN stablecoin on Ethereum — which is backed 1:1 by… Source link

Bitcoin and Ether fell Thursday morning in Asia, along with most other top 10 non-stablecoin cryptocurrencies on concerns about the direction of the U.S. economy and interest rates. Prices also lost ground overnight after the U.S. said it would take what it called “a major, international cryptocurrency enforcement action.” This turned out to involve the relatively market-underwhelming arrest of the Russian owner of Hong Kong-registered exchange Bitzlato Ltd., but prices didn’t… Source link

Good morning. Here’s what’s happening: Prices: Bitcoin and ether spend their Wednesday in the red. Insights: Embattled crypto exchange FTX and several venture capital firms hold a ton of illiquid tokens such as Serum (SRM). Prices CoinDesk Market Index (CMI) 1,004.63 −4.3 ▼ 0.4% Bitcoin (BTC) $20,868 −64.2 ▼ 0.3% Ethereum (ETH) $1,554 +5.7 ▲ 0.4% S&P 500 daily close 3,999.09 +15.9 ▲ 0.4% Gold $1,920 +1.9 ▲ 0.1% Treasury Yield 10 Years 3.51% ▲ 0.1 BTC/ETH prices per CoinDesk… Source link

LTC’s Open Interest fell by 9% in the last week. Regardless, investors remained bullish. Despite the rally in the count of Litecoin [LTC] transactions above $100,000 since the year began, the steady fall in the alt’s Open Interest in the last week indicated that bearish sentiment was returning to the market. Read Litecoin’s [LTC] Price Prediction 2023-24 According to data from on-chain analytics platform Santiment, the count of LTC transactions above $100,000… Source link

Genesis Global Capital, the institutional crypto brokerage whose lending unit halted customer withdrawals in the aftermath of FTX’s failure, is laying the groundwork for a bankruptcy filing, according to reports. This article originally appeared in Crypto Markets Today, CoinDesk’s daily newsletter diving into what happened in today’s crypto markets. Subscribe to get it in your inbox every day. Bloomberg reported Genesis is in confidential negotiations with various creditor groups, with the… Source link

Genesis Global Capital, the institutional crypto brokerage whose lending unit halted customer withdrawals in the aftermath of FTX’s failure, is laying the groundwork for a bankruptcy filing, according to reports. This article originally appeared in Crypto Markets Today, CoinDesk’s daily newsletter diving into what happened in today’s crypto markets. Subscribe to get it in your inbox every day. Bloomberg reported Genesis is in confidential negotiations with various creditor groups, with the… Source link

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The cryptocurrency market saw a pullback in prices during trading on Wednesday as several major announcements – including the possibility that Genesis Global Capital will be forced to file for Chapter 11 bankruptcy protection – brought an end to the multi-day streak of price… Source link

Now, I’m not a trading systems engineer or a blockchain developer, so there are parts of this framework I’ll probably get wrong, but the rails on which the assets move already exist, and on-ramps are not as hard to design now as they were a few years ago. Platforms have emerged that essentially offer a plug-and-play back-end for exchanges, and the ecosystem has evolved to allow a degree of modularity in constructing the necessary stack of services – wallets, custody,… Source link