The Bank of Japan (BoJ) is expected to raise interest rates for the first time since January, increasing the policy rate by 25 basis points to 0.75% from 0.50%, according to Nikkei. The decision, which is expected on Dec. 19, would take Japanese interest rates… Read More
Tether, the crypto firm behind the world’s largest stablecoin, USDT USDT$1.0001, is aiming to acquire popular Italian football club Juventus FC, boosting its minority stake to 100%. The firm said Friday that it has submitted a binding proposal for majority shareholder Exor’s 65.4% stake in… Read More
After a 13-page letter from investment powerhouse Citadel Securities advised the U.S. Securities and Exchange Commission that decentralized finance (DeFi) protocols handling tokenized securities demand a closer regulatory grip, the industry answered back with its own correspondence on Friday, calling the arguments “baseless.” “While we… Read More
DOT$1.9758 suffered a technical breakdown during Friday’s session as the token plunged from a high of $2.09 to $1.97, erasing its previous rally momentum. The decline occurred on heavy volume that reached 284% above normal levels, according to CoinDesk Research’s technical analysis model. The model… Read More
The U.S. Commodity Futures Trading Commission issued no-action letters to the operators of prediction markets platforms Polymarket, PredictIt, Gemini and LedgerX/MIAX on Thursday, announcing that the companies did not have to meet certain recordkeeping demands as long as they meet other specified requirements, and that… Read More
Chainlink’s LINK token fell nearly 5% over the past 24 hours to $13.74 on Thursday, reversing early gains despite a major announcement from Coinbase. Earlier in the day, Coinbase revealed it had selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to power a new bridge connecting its… Read More
