Author: Ethan Carter
Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.
SBI Shinsei Bank of Japan has collaborated with Singapore’s Partior and Japan’s DeCurret DCP to investigate multicurrency tokenized deposits for cross-border transactions.The trio signed a Memorandum of Understanding (MoU) on Tuesday, with the objective of creating a blockchain-based settlement framework capable of real-time clearing in various currencies, as stated in their announcement.DeCurret operates the DCJPY platform, which enables Japanese banks to issue tokenized deposits denominated in yen. SBI Shinsei aims to broaden its scope beyond the Japanese yen by introducing tokenized deposits in other major currencies to cater to the rising demand for expedited international payments.Partior offers a multicurrency settlement…
Native Markets, one of the teams that proposed to issue and manage the Hyperliquid crypto exchange’s US dollar stablecoin (USDH), officially secured the USDH ticker on Sunday, following a community vote.The project is set to launch the first Hyperliquid Improvement Proposal (HIP) for USDH and an ERC-20 token, which is the token standard for Ethereum, shortly, as stated by Max Fiege, founder of Native Markets, in an X post. He detailed the upcoming steps:“We will then commence a testing phase for mints and redeems of up to $800 per transaction with an initial group, followed by the launch of the…
Metaplanet (3350), the largest bitcoin (BTC) treasury firm in Japan, announced the creation of two subsidiaries — one in Japan and another in the U.S. — along with the acquisition of the bitcoin.jp domain name to enhance its engagement with the leading cryptocurrency.Bitcoin Japan Inc., will be located in Tokyo and will oversee a range of bitcoin-related media, conferences, and online platforms, including the internet domain and Bitcoin Magazine Japan.The U.S. division, Metaplanet Income Corp., will be established in Miami and will concentrate on generating revenue through bitcoin-related financial products, including derivatives, as stated by the company in a post…
SBI Shinsei Bank from Japan has teamed up with Singapore’s Partior and Japan’s DeCurret DCP to investigate multicurrency tokenized deposits for international transactions.The trio signed a Memorandum of Understanding (MoU) on Tuesday, intending to create a blockchain-powered settlement framework that facilitates real-time clearing in various currencies, as stated in their announcement.DeCurret currently operates the DCJPY platform, enabling Japanese banks to issue yen-based tokenized deposits. SBI Shinsei aims to extend beyond the Japanese yen, planning to issue tokenized deposits in other key currencies to meet the rising demand for quicker international payments.Partior provides a multicurrency settlement infrastructure already in use by…
Disclosure: The opinions shared here reflect solely the author’s perspective and do not represent the views of crypto.news’ editorial team. Wall Street was taken by surprise when Strategy first included Bitcoin (BTC) on its balance sheet. Was this a software company or the inaugural corporate bitcoin ETF? Investors needed to adapt, and the stock soon ceased trading based on software fundamentals, starting to function as a direct Bitcoin proxy. Summary With interest rates exceeding 4%, idle Bitcoin is seen as inefficient, driving corporate treasuries to seek compliant, yield-generating opportunities. Existing options — defunct lenders, wrapped BTC, and offshore DeFi —…
A Bitcoin whale, inactive for 12 years, has moved approximately $116 million worth of the cryptocurrency just before a significant interest rate decision by the US Federal Reserve.This unknown whale reactivated after 12 years to transfer 1,000 Bitcoin (BTC)—valued at roughly $116 million today—originally acquired for about $847 per coin. The total value at the time of purchase was approximately $847,000, which the whale held for over a decade before moving it to new wallets on Wednesday, according to the blockchain data platform Lookonchain.The transfer exceeding $100 million occurred just prior to the anticipated Federal Open Market Committee (FOMC) meeting,…
Crypto custody provider BitGo announced that it has received approval from Germany’s financial regulator, BaFin, to broaden its services into regulated crypto trading.The newly acquired license permits Frankfurt-based BitGo Europe to facilitate both over-the-counter trading and an electronic trading platform for a multitude of digital assets and stablecoins, as stated in a press release from the firm on Wednesday.Earlier this year, BitGo entered into an agreement with custody specialist Copper to enhance an “in-custody” trading network, which aims to connect major exchanges, allowing for asset trading while maintained within a regulated custody ring-fenced environment. Crypto exchanges Coinbase and Kraken also…
The Financial Conduct Authority (FCA) of the U.K. is looking to relax some regulations for cryptocurrency firms, as reported by the Financial Times (FT) on Wednesday. Conversely, the FCA aims to strengthen regulations related to specific industry risks, such as cyber threats. The regulatory body is seeking to modify its current rules for financial services to address the distinct characteristics of cryptoassets, according to the FT’s consultation paper published Wednesday. “It’s important to understand that some of these elements are quite different,” stated David Geale, the FCA’s executive director for payments and digital finance, in an interview. He emphasized that…
Entrepreneur and Web3 investor Carl Runefelt, who operates successful social media platforms under the alias Carl Moon, recently contributed over $400,000 in cryptocurrency to Kids Operating Room (KidsOR), a nonprofit focused on delivering surgical care to children in underprivileged areas.Runefelt encouraged the organization to begin accepting cryptocurrency to tap into a fresh global donor base. KidsOR co-founder and chairman Garreth Wood conveyed to Cointelegraph that Runefelt’s donation was a “game changer” for them.“It was not merely a generous gift,” Wood stated. “It demonstrated that innovative fundraising methods could unite a community eager to use innovation for aiding children worldwide.”Wood mentioned…
The ETH/BTC ratio, a vital indicator of Ethereum’s (ETH) performance against Bitcoin (BTC), has remained below 0.05 for over a year, underscoring Ethereum’s difficulties in making headway against the leading cryptocurrency, even during what numerous analysts have labeled as an ‘Ethereum season.’ As noted by Bitget’s Chief Analyst, Ryan Lee, Bitcoin’s position as the market’s ‘anchor asset’ sheds light on why Ethereum continues to lag behind. He also discussed with BeInCrypto the necessary conditions for ETH to finally narrow the gap. Why the ETH/BTC Ratio Remains Depressed After a Year Sponsored The ETH/BTC ratio is a useful gauge for investor sentiment.…