Crypto News
Crypto Market Faces Weak Demand, Needs Trump Initiatives to Kick In, JPMorgan Says
The cryptocurrency market is lacking positive catalysts in the near term, Wall Street bank JPMorgan (JPM) said in a report Wednesday.The correction in crypto markets in recent months has seen both bitcoin (BTC) and ether (ETH) futures near backwardation, which is a sign of lower demand, the report said. Backwardation occurs when the spot price of an asset is higher than the price trading in the futures market."This is a negative development and indicative of demand weakness by those institutional investors that use regulated CME futures contracts to gain exposure into these two cryptocurrencies," analysts led Nikolaos Panigirtzoglou wrote.If demand for bitcoin and ether futures is healthy, the futures cost more than the spot price, and the curve is said...
BNB Chain Sets Ambitious Goals in 2025 Tech Roadmap
BNB Chain unveils its 2025 tech roadmap, focusing on enhancing transaction speed, AI integration, and security features to drive the future of decentralized finance and Web3. (Read More)Source link
Ye, Self-Proclaimed ‘Nazi’ Who Said ‘Coins Prey on Fans,’ Plans YZY Token
HONG KONG—Ye, the artist formerly known as Kanye West who has repeatedly called himself a "Nazi" in recent weeks, plans to launch a crypto token, according to three sources close to the project.The token, YZY, is designed to help Ye side-step platforms like Shopify that have cut ties with him in response to his hateful rhetoric.Crypto, with its censorship-resistant ethos, offers Ye an alternative avenue for cashing in on his celebrity status: Seventy percent of the YZY token, named after Ye's Yeezy clothing brand, will be reserved for Ye personally, with just 10% allocated for liquidity provisioning and 20% for investors.Ye's foray into crypto comes on the heels of years of public controversy that have strained his business empire. In...
GitHub Invites Developer Feedback on Content Moderation Strategies
GitHub updates its Transparency Center with 2024 data, inviting developers to engage on content moderation policies. Learn more about GitHub's approach to platform governance. (Read More)Source link
Japan Approves Measures to Enhance User Protection in Stablecoin Market
Japan has approved new stablecoin regulations to increase collateral flexibility and improve user protection during bankruptcy proceedings. Japan Aims to Protect Users The Japanese Financial Services Agency (FSA) has approved measures to make stablecoin collateral management more flexible. The approval also aims to make it easier to protect Japanese users from the transfer of theirSource link