Bitcoin Adds 4.5% as Stocks Reverse Lower on Hawkish Fed Commentary
The world’s largest crypto regained the $69,000 level at one point in the session before slipping a bit.Source
Coinbase Says Canadian License Makes It Country’s Biggest Registered Crypto Exchange
Coinbase’s expansion into Canada has cleared the hurdle of a “restricted dealer” registration, the company said on Thursday, making it the biggest registered crypto exchange in that jurisdiction.Source
Ether Could Avoid Designation as a Security With Centralization Risk Easing, JPMorgan Says
Staking platform Lido’s share in staked ether has continued to fall, reducing concerns about concentration in the Ethereum network, the report said.Source
Near Record High Funding Rate Suggests Bitcoin Pullback Not Over
Though modestly higher today, bitcoin remains lower by about 8% from its record high hit two weeks ago.Source
Binance Stops Support for Bitcoin NFTs Citing ‘Streamlining’ of Offered Products
Cryptocurrency exchange Binance will cease support for bitcoin-based non-fungible tokens (NFTs) as it undergoes a process to “streamline” its product offerings.Source
Ripple, Developer Behind XRP Ledger, Enters Stablecoin Fray vs. Tether, USDC
The token will be “100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents.” according to the company.Source
Credbull’s First Crypto Fund Chases High Fixed Yields
Crypto’s high yield structured product sector is getting a bit more mature.Source