Sony Bank, the financial arm of the renowned Japanese gaming and entertainment conglomerate, Sony Group, has embarked on a proof-of-concept endeavor to introduce its stablecoin, pegged to fiat currency like Yen, as per a Nikkei report. The bank says it is experimenting with the possibility of issuing its yen-backed stablecoin as a form of payment...
The “real” Bitcoin (BTC) “bull run” is yet to start, a South Korean crypto firm CEO has claimed. The comments came from Chung Seok-moon (also known as Peter Chung), the head of the Presto Research Center, in an interview with the newspaper Hanguk Kyungjae. ‘Real BTC Bull Run’ on Its Way? Chung is the former...
Prisma Finance has unveiled a strategy to cautiously restart operations following a hack that resulted in a loss of $11.6 million and prompted a temporary pause of the platform on March 28. Reinstating borrowing capabilities on Prisma hinges upon achieving consensus through an ongoing community vote. Prisma Finance Exploited for $10 Million: Recovery Efforts and...
Cryptonews Podcast host Matt Zahab recently sat down for a chat with Matt Duea, co-founder of the popular betting brand Roobet. Duea talked about the natural connection blockchain and crypto have with the gaming and betting worlds, and how he came to co-found Roobet. He explained the difference between Web2 and Web3 gambling, touched upon...
The ongoing conflict between Ripple Labs and the SEC centered on the XRP lawsuit intensified on Wednesday, with Ripple’s Chief Legal Officer Stuart Alderoty accusing the SEC of failing to provide clear guidelines for crypto regulation. The statement was made in response to SEC Director of Enforcement Gurbir Grewal’s Tuesday speech, which cited the year-long XRP...
Binance announced on April 4 that it will suspend Bitcoin Ordinals trades and deposits from April 18, 2024. The exchange has then advised the holders of the Bitcoin-based non-fungible tokens (NFTs) to withdraw their assets from the trading platform NFT marketplace before May 18, 2024. Binance did not disclose the reason behind the suspension of...
UK house prices declined unexpectedly in March as higher interest rates continue to damp affordability, data published by the Nationwide Building Society revealed Tuesday. The house price index posted a monthly fall of 0.2 percent in March, in contrast to the 0.7 percent rise in February and confounding the forecast of 0.3 percent gain. House...
Asian stocks ended mixed on Tuesday as many regional markets resumed trading after a long holiday weekend. A stronger dollar and higher Treasury yields weighed on sentiment as strong U.S. manufacturing data stirred fresh worries over the timing of interest rate cuts by the Federal Reserve. Gold scaled a record high while oil prices rose...
German stocks were seeing marginal gains on Tuesday ahead of eurozone manufacturing and German inflation data, due out later in the day. Investors shrugged off separate data showing that German manufacturing activity contracted at a more marked pace in March. The benchmark DAX was marginally higher at 18,503, giving up some early gains. In corporate...
French stocks rose slightly on Tuesday as a new survey showed manufacturing activity in the country improved slightly in March. The manufacturing sector endured another month of contraction in the month, but business sentiment was optimistic, according to the latest HCOB PMI data. The benchmark CAC 40 was up 0.3 percent at 8,227 as trading...