Crypto News
Pioneer Explains Why Crypto Has Not Achieved Its Potential in the Payments Sector
Wei Dai, a cryptocurrency pioneer known for designing the b-money system, a precursor to bitcoin, criticized the current level of crypto adoption for payments. Dai highlighted that even with the shortcomings of fiat payments, crypto has not managed to make a significant impact in this field. B-Money Pioneer Wei Dai Laments State of Crypto AdoptionSource link
VARA Fortifies Controls on Crypto Margin Trading in Dubai, Refreshes Rulebook
Dubai's crypto regulator Virtual Asset Regulatory Authority (VARA) has updated its rulebook for digital asset trading. The emirati regulator has introduced greater leverage controls and collateralization requirements through provisions in its Broker-Deal and Exchange Rulebooks. This will help VARA's rules to align with global risk standards, the regulator said in an emailed announcement on Monday.VARA has also introduced sections of its rulebook to properly oversee areas of the crypto industry that were previously lightly regulated, such as broker-dealers and wallets.The rules previously laid out by VARA have helped establish the city as a crypto hub, winning praise from crypto companies for being reasonably clear in their requirements to operate there. Major exchanges such as Binance, Crypto.com and OKX have...
Fireblocks Reveals 90% of Industry Participants Are Actively Engaging With Stablecoins
Blockchain infrastructure provider Fireblocks has released its ‘State of Stablecoins 2025’ report, highlighting the growing importance of stablecoins in modern payment systems. The report indicates that stablecoins accounted for nearly half of the transaction volume on the Fireblocks platform in 2024, demonstrating their essential role in the modernization of global payments. With over 300 banksSource link
Matrixdock Introduces Smart-Invest for Accessible Gold Ownership via DCA
Matrixdock unveils Smart-Invest, a dollar-cost averaging tool for XAUm tokens, enabling users to accumulate gold-backed assets efficiently amid rising gold demand. (Read More)Source link
Bulls and Bears Get Caught off Guard as Bitcoin Jumps to $106K, Then Falls Back to...
Over $600 million in crypto derivatives positions have been liquidated since late Sunday as bitcoin (BTC) staged a sharp rally past $106,000 in the wee hours, only to reverse course and dump back to near $103,000, catching both bulls and bears off guard.The move began around 21:00 UTC on Sunday, when bitcoin spiked more than $2,500 in less than an hour — a pattern that can be attributed to thin weekend liquidity and potential algorithmic buying triggered by technical levels.Such price action was a textbook short squeeze followed by aggressive profit-taking or stop-run. A short squeeze happens when traders betting against a price (short sellers) are forced to buy the asset as it rises, to cover their losses, which pushes...