Crypto News
South Korea Central Bank Rules Out Bitcoin as Reserve Asset
The Bank of Korea said that Bitcoin does not meet the International Monetary Fund’s criteria for foreign exchange reserves.Source link
Ethereum and Solana Prices Tank While Lightchain Delivers Hope
This content is provided by a sponsor. PRESS RELEASE. Cryptocurrency markets are infamous for their unpredictability, and recent developments have once again fueled excitement and anxiety in equal measure. Ethereum ( ETH) and Solana ( SOL), two of the most prominent players in the blockchain space, have seen notable price drops, shaking investor confidence. However,Source link
Bitcoin Slumps, ADA, SOL, XRP Drop 5% as “Buy the Dip” Sentiment Persists
Bitcoin (BTC) started Monday in the red with a 2% drop over the past 24 hours, according to CoinDesk Indices data, leading to heaviness in the broader market as major tokens fell as much as 5%.BTC touched resistance at $84,000 on Sunday, making it a key level to cross for chances of a run to the upside and trading at just over $83,300 in Asian afternoon hours Monday. Majors such as XRP, Solana’s (SOL), Cardano’s (ADA) and dogecoin (DOGE) tanked as much as 5%, while BNB Chain’s (BNB) stood out as the only major in green with a 3% rise.The crypto market has plateaued since last week's sell-off due to the U.S. tariffs and deteriorating macroeconomic conditions. Concerns over a...
U.S. Treasury Secretary Bessent Calls Corrections Normal, Suggesting a Higher Pain Threshold for the ‘Trump Put’
On Sunday, U.S. Treasury Secretary Scott Bessent described asset market corrections as healthy, suggesting a greater tolerance for pain before the much-anticipated policy support or the so-called 'Trump put" for the market, is enacted."I’ve been in the investment business for 35 years, and I can tell you that corrections are healthy, they are normal,” Bessent said Sunday on NBC’s Meet The Press, according to Bloomberg. “I‘m not worried about the markets. Over the long term, if we put good tax policy in place, deregulation and energy security, the markets will do great.”Bessent's comment contradicts popular belief that the Trump administration will quickly douse any fire stemming from the administration's policy moves, particularly trade tariffs. President Donald Trump also recently clarified his...
Kraken to Offer Superfast Trading With Planned Launch of Colocation Service
Crypto exchange Kraken plans to launch a new colocation service in the coming weeks that will offer clients ultra-low latency trading, the company said in a press release Monday.The service is for customers who need high speed execution, Kraken said, and traders operating out of London can expect latency of under a millisecond. “Many exchanges offer colocation services, but Kraken’s approach is unique – we’re making it accessible to all partners and clients, not just institutions," said Shannon Kurtas, head of exchange at Kraken, in the release.Trading is all about speed, especially in volatile markets such as crypto, where a fraction of a second can make all the difference. Low latency services make use of sophisticated technology to give traders...