Circle Highlights Surge in USDC Use for Asia Remittances in New Report
Since its introduction in 2018, USDC has been used to settle over $12 trillion in blockchain transactions.
First Mover Americas: Bitcoin Pulls Back to $42K; Venezuela Shutters Petro Crypto Project
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 15, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Google Cloud Joins Flare Network as Validator, FLR Jumps 5%
Flare, which calls itself “the blockchain for data,” gives developers access to decentralized data via its Oracle system..
Do Kwon Appeals New Montenegro High Court Decision Upholding Extradition Requests, Lawyer Says
Local courts may be facing political pressure regarding Kwon’s extradition to the U.S. or South Korea, his lawyer Goran Rodic told CoinDesk.
Bitcoin Traders Eye Support at $40K as ETF Contrarian Bets Prove Right
The approval of spot bitcoin ETFs in the U.S. was much anticipated and well-priced, so the event will likely be a short- to mid-term top for the price, analysts said.
JPMorgan Sees Significant Capital From Existing Crypto Products Pouring Into New Spot Bitcoin ETFs
The newly created ETFs could attract inflows of up to $36 billion from other crypto products like Grayscale Bitcoin Trust (GBTC), the report said.
Tokenized Fund Adoption Grows but Brings Technology Risks: Moody’s
Entities providing tokenization tech have a limited track record and may contribute to increased risk, a new report by analysts at the credit-rating agency says.
Venezuela Ends Controversial Petro Cryptocurrency: Reports
Venezuela is ending its Petro cryptocurrency on Monday, more than five years after it was first launched, according to multiple reports.
In Failed Bitfinex Exploit Attempt, Billions in XRP Moved
The failed token transfers spooked some market watchers as they amounted to nearly half of XRP’s $30 billion market capitalization.
Bitcoin’s Technicals Suggests Deeper Pullback to $38K: Analyst
Bitcoin’s RSI divergence signals correction, 10x Research said.