News

BSP Releases 2023 Sustainability Report

PDate: 8/16/2024
Content: The Bangko Sentral ng Pilipinas (BSP) released today its 2023 Sustainability Report, which lays out the rationale and progress of its climate response.“A climate-resilient economy and financial stability are mutually reinforc...

News

16 Aug 2024

6 Strategies for Saving for a Major Purchase or Expense

Having a specific goal in mind can be a great motivator to start saving up money, whether that be a new gadget, a holiday to your dream destination, or tickets to the concert of your favorite band. This can be easier said than done, however, c...

16 Aug 2024

Goldman Sachs Joins Morgan Stanley in Holding Bitcoin ETFs as Institutional Interest Grows: 13F Wrap

Investment advisors including Wall Street giants Goldman Sachs and Morgan Stanley were among the biggest holders of spot ETFs as of June 30 as clients amped up their crypto allocations to a total of $4.7 billion.

15 Aug 2024

Schumer Sets Stage for New Era of U.S. Crypto Politics

Wednesday's Crypto4Harris town hall showed Democrats are finally engaged with the industry. Still, it’s not clear what Harris thinks about crypto, or would do about it if elected.

15 Aug 2024

Bitcoin Tumbles Back Under $58K as Crypto Quickly Crumbles Thursday Afternoon

The blame this time can't be laid on macro jitters as stocks are up big again, with the Nasdaq and S&P 500 both more than erasing early August declines.

15 Aug 2024

Stablecoin Regulations Could Pose Problems for Tether, JPMorgan Says; USDT Issuer Claims Sour Grapes

Stablecoin issuer Tether has attracted regulatory scrutiny in the past due to its lack of transparency about the composition of its reserves, the report said.

15 Aug 2024

Crypto for Advisors: Crypto Volatility and Market Conditions

During times of uncertainty, the increased availability and accessibility of an investor’s portfolio can lead to reduced volatility and panic across all asset classes, including crypto-native tokens.

15 Aug 2024

Stablecoins Can Make the World a Safer Place. Regulators Should Encourage Them

The global financial system will be better off if stablecoins are fully adopted and foreign exchange risk goes the way of the dinosaurs, says Christopher Perkins, president of CoinFund.

15 Aug 2024

Stablecoin Supply Growth Isn’t Eating Into Crypto Market Share: JPMorgan

The share of stablecoins versus total cryptocurrency market capitalization is relatively unchanged this year, the report said.

15 Aug 2024

Chaos Labs Raises $55M as Demand Grows for On-Chain Risk Management

The influx of capital comes as Chaos Labs, founded in 2021, looks to expand its platform, designed to address the growing need for automated risk management in decentralized finance (DeFi).

15 Aug 2024

Latin American Exchange Bitso Taps Coincover for Security Services

Bitso will use Coincover’s non-custodial disaster recovery service and its risk engine to monitor outgoing transactions in real time.

15 Aug 2024

CoinDesk 20 Performance Update: LTC and ICP Take the Lead as Index Inches Higher

Litecoin gained 2.1% while Internet Computer rose 1.9% in overnight trading.

15 Aug 2024

Gold (XAU/USD) – Repeated Attempts at a Fresh All-Time High, US Retail Sales Weigh

Gold continues to test, and reject, its previous all-time high at $2,485/oz. and a break higher is being pared by a strong US retail sales report

Forex

15 Aug 2024

Wall Street Agrees Crypto Is ‘Clearly’ A Huge Election Issue, But Still Divided on Who Is Best for Industry

The digital assets industry is now a full-blown political issue, and Wall Street firms with crypto exposure are staying cautious ahead of November's U.S. election. Whether the next election will result in Donald Trump or Kamala Harris occupying the Ova...

15 Aug 2024

Top Crypto Startup Drove Other Projects’ Airdrops to Its Employees

Eigen Labs circulated a list of team members' wallet addresses to EigenLayer ecosystem projects that were preparing to issue tokens. The firm later banned the practice, citing potential conflicts of interest.

15 Aug 2024

First Mover Americas: Bitcoin Drops to Under $58K After U.S. CPI Data

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 15, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

15 Aug 2024

Personal Remittances Up by 2.5 Percent YoY in June 2024; Cumulative Level Reaches US$18.1 Billion

PDate: 8/15/2024
Content: Personal remittances from Overseas Filipinos (OFs) rose by 2.5 percent to US$3.21 billion in June 2024 from US$3.13 billion registered in June 2023. The increase in personal remittances in June 2024 was due to higher remittan...

News

15 Aug 2024

Nasdaq 100, Dow and Nikkei 225 Continue to Head Higher

Indices are still recovering some of their recent losses, with the Dow back above 40,000 and the Nikkei 225 now back to its 2 August opening level.

Forex

15 Aug 2024

ZynCoin Launches ‘Comfy,’ a Physical Collectible That Earns Tokens as Rewards

It's a tin from $ZYN.

15 Aug 2024

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15 Aug 2024

Bitcoin Mining Was Less Profitable in July Than June, Jefferies Says

August will be a more difficult month for the miners as the price of bitcoin has dropped about 5% while the network hashrate has started to grow again, the report said.

15 Aug 2024

Binance Completes Registration With India’s Financial Intelligence Unit Months After Being Fined

The registration was provisionally approved in June, subject to the crypto exchange paying a fine of about $2.2 million.

15 Aug 2024

PSE posts P398M net earnings in 1H24

The Philippine Stock Exchange, Inc. (PSE) reported a net income of Php 398.02 million in the first six months of 2024, down by 4.7 percent year-on-year from Php 417.51 million. The company’s operating revenues were lower by 2.3 percent to Php 722.75 million. Decline in operating revenues was attributed to the 10.7 percent dip in average trading…

News

15 Aug 2024

UK Growth Continues to Show Signs of Recovery Despite Stagnant June Print

UK growth has been trending in the right direction even before the Bank of England voted to lower rates earlier this month. GBP/USD partially recovers from the July selloff

Forex

15 Aug 2024

BitGo Reiterates Autonomy From Justin Sun, Tron as MakerDAO Decides to Dump WBTC

Critics of Sun's involvement don't understand the operational mechanics, the crypto custodian's CEO, Mike Belshe, said during an X Space discussion.

15 Aug 2024

Bitcoin Drops to $58K After U.S. CPI Print, BTC ETFs Record $81M Outflow

Traders say bitcoin could drop to $55,000 in the near-term, but favorable Fed policies could set the stage for its next leg up.

15 Aug 2024

Monetary Board Reduces Target RRP Rate by 25 Basis Points

PDate: 8/15/2024
Content: At its monetary policy meeting today, the Monetary Board decided to reduce the BSP’s Target Reverse Repurchase (RRP) Rate by 25 basis points to 6.25 percent. The interest rates on the overnight deposit and lending facilities ...

News

15 Aug 2024

U.S. Crypto Bill Can Happen This Year, Senate’s Schumer Tells Crypto Backers of Harris

U.S. crypto legislation can happen this year, Senate Majority Leader Chuck Schumer (D-N,Y,) said Wednesday at the first major event in which crypto insiders have come out for Vice President Kamala Harris as their favored presidential contender.

15 Aug 2024

Trump Organization to Launch a Cryptocurrency Initiative, Eric Trump Says: Report

The Trump Organization, the holding company for former U.S. President Donald Trump’s business ventures, will soon unveil its new cryptocurrency initiative, according to a Wednesday report from the New York Post.

14 Aug 2024

The Protocol: Memecoin Trading Is Suddenly Trump.fun

Blockchain has gone even more ridiculous than usual over the past week, with headlines focused on Trump-themed memecoins and the Solana-based launchpad Pump.fun. PLUS: Ethereum developers tee up revamp of the EVM programming environment.

14 Aug 2024