“`html This day in cryptocurrency, the Governor of the Bank of England raises concerns regarding stablecoins, numerous savers encounter possible losses after a $2.7 million deficit was identified at Ziglu, and a UK crypto fintech that has entered special administration, while interest from retail investors in Bitcoin is diminishing even as the asset achieves new all-time highs.Bank of England governor raises concerns about stablecoinsBank of England (BOE) governor Andrew Bailey provided a caution on Sunday regarding banks issuing stablecoins and stated that the BOE ought to consider adopting tokenized deposits instead.Bailey indicated that stablecoins pose a risk to the foundation…
Autore: wsjcrypto
“`html Ripple Labs, a cryptocurrency payments firm, persists in raising its ambitions and those of XRP higher than ever as it draws nearer to disrupting the global financial messaging behemoth SWIFT. Following Ripple CEO Brad Garlinghouse’s earlier assertion that XRP could capture 14% of SWIFT’s volume, fresh estimates are now suggesting even more audacious goals. How Ripple Securing 20% Of SWIFT Could Impact XRP A recent report by Paul Barron, a technology expert and cryptocurrency analyst, has disclosed an updated outlook for Ripple. The report emphasizes XRP’s escalating potential to compete with SWIFT in cross-border transactions. Ripple’s objectives in the…
THE Bangko Sentral ng Pilipinas (BSP) is aiming to strengthen regulations on online gaming payments to avert the exploitation of financial services and enhance supervision over the sector. The central bank released a draft notice on its website that seeks to institute regulations on online gambling payment services. The suggested provisions aim to “encourage responsible utilization of digital financial services, fortify financial consumer protection, maintain financial stability, and reduce the social and financial hazards linked to online gambling.” “In this regard, it is crucial to guarantee that digital payment services of PSPs (payment service providers) are not misapplied for activities…
“`html Strategy co-founder Michael Saylor indicated that Strategy would recommence Bitcoin (BTC) purchases on Monday following a week-long pause in acquiring the digital currency.“Some weeks, you don’t merely HODL,” the executive noted on Sunday. The company did not acquire BTC last week but announced a capital raise of $4.2 billion. Prior to the break, Strategy amassed 12 consecutive weeks of BTC purchases.Strategy’s latest BTC acquisition took place on June 30, when the firm purchased 4,980 BTC for $532 million, raising its total to 597,325 BTC, worth over $70.9 billion.A record of Strategy’s Bitcoin acquisitions. Source: StrategyCompany shares are currently trading…
“`html Perspective by: Jakob Kronbichler, co-founder and CEO of Clearpool and OzeanReal-world assets (RWAs) onchain are no longer merely an idea — they are gaining significant momentum.Stablecoins exemplify this. They have emerged as a primary source of onchain activity, with yearly transfers exceeding Visa and Mastercard by 7.7% last year. Tokenized US Treasurys are attracting interest from institutions seeking yield.Stablecoins embody more than mere successful tokenization. They have transformed into financial infrastructure. They are not just digital dollars but programmable currency upon which other applications can develop.This platform dynamic distinguishes successes from the numerous underperforming RWA initiatives; the majority of…
“`html Trusted Editorial material, assessed by prominent industry specialists and experienced editors. Ad Disclosure The US-based spot Bitcoin ETFs (exchange-traded funds) have sustained their remarkable performance over the past few weeks, experiencing only one outflow day since June 9, 2025. Consequently, these crypto-related investment products have seen a significant influx of funds in recent times. The Bitcoin ETFs, nevertheless, experienced an influx of an extraordinary volume of funds to round off the previous week. This notable investor engagement occurred as the price of the leading cryptocurrency hit several new all-time highs within just a few days. Bitcoin ETFs Record $2.72…
FOREIGN DIRECT INVESTMENTS (FDI) in the Philippines increased by 7.1% year on year in April, driven by inflows from Japan and capital in the manufacturing sector, as reported by the central bank. “Net foreign direct investments (FDI) in the Philippines remained positive in April 2025, with leading inflows from Japan and into manufacturing,” the Bangko Sentral ng Pilipinas (BSP) stated in a release. FDI net inflows reached $610 million in April, an increase from $570 million a year prior and from $498 million in March. The latest statistic indicates a recovery from the 27.8% decline noted in March. The BSP…
The Cardano value has experienced a thrilling surge over the past few days, achieving a considerable breakthrough from consolidation below the $0.6 mark. Prior to this recent price increase, the altcoin had been fluctuating predominantly sideways within the $0.5 and $0.6 spectrum. Notably, the Cardano price appears to be merely at the outset of what is anticipated to be a spectacular rally in the upcoming months. A cryptocurrency analyst on the social media platform X has introduced an intriguing path toward unprecedented price peaks for the ADA token. ADA In Distribution Phase — Ideal Buying Moment? In a July 11…
“`html The supervisor managing BlockFi’s bankruptcy resolution and the US Department of Justice (DOJ) have come to an agreement to drop a $35 million cryptocurrency asset transfer lawsuit involving the crypto lender.The settlement was endorsed by Judge Michael B. Kaplan of the US Bankruptcy Court for the District of New Jersey on Friday, as per court documents.The litigation, initiated in May 2023, aimed to transfer over $35 million in crypto assets from BlockFi to the US government. The DOJ asserted it had warrants to confiscate the funds from the BlockFi accounts of two Estonian nationals in a criminal fraud matter…
In the world of cryptocurrency today, Pump.fun ICO accumulates $500 million, the bankruptcy administrator for BlockFi and the DOJ finalize a settlement regarding a $35 million crypto asset transfer lawsuit, and US-based spot Bitcoin ETFs experienced yet another day of inflows exceeding $1 billion this past Friday.Memecoin launch platform Pump.fun secures $500M during ICOPump.fun, a platform for launching memecoins, secured $500 million in an initial coin offering (ICO) on Saturday, allocating 18% for institutional backers and 15% earmarked for individual investors.The PUMP token was completely sold out in just 12 minutes, as reported by Pump.fun, receiving accolades from investors, venture…