KuCoin has introduced a feature for merchants to allow customers to pay for purchases directly from their account on the crypto exchange. Merchants can integrate the tool, called KuCoin Pay, into their payment systems. Customers pay by scanning a QR code or using the KuCoin app, the exchange…
Read MoreSince U.S. President-elect Donald Trump’s convincing election victory two months ago, the dollar has strengthened more than 3% against its peers, matching its trajectory after his previous win in 2016. Last time round the DXY Index, which measures the currency’s value against a basket of the U.S.’ major…
Read MoreTether’s USDT, the world’s leading dollar-pegged stablecoin, has experienced the sharpest weekly decline in market value in two years, spurring market volatility concerns. USDT’s market cap slid more than 1% to $137.24 billion this week, the most significant decline since the crash of the FTX exchange in the…
Read MoreInfrastructure providers, such as Northern Data (NB2), are well positioned to benefit from the growing demand from artificial intelligence (AI) and high-performance computing (HPC) firms, broker Canaccord Genuity said in a report Thursday initiating coverage of the stock. Canaccord assumed coverage of the shares with a buy rating…
Read MoreThe T3 Financial Crime Unit, a collaboration between the Tron blockchain, stablecoin issuer Tether and blockchain intelligence company TRM Labs, said it has frozen a total of 100 million of Tether’s USDT used by illicit actors since the unit was formed in September. The venture analyzed millions of…
Read MoreCoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3536.7, up 3.8% (+130.21) since 4 p.m. ET on Wednesday. 18 of 20 assets are trading higher. Leaders: RENDER (+7.8%) and SOL…
Read MoreOn Nov. 6, I wrote a memo to EY’s blockchain leadership team. The headline was simple: “Every single private blockchain just died.” Since November 2022, the crypto and blockchain markets have been defined by caution and gradual recovery. The direction has been consistent and positive, but slow, especially…
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Yonhap (South Korean media) is reporting that around 2,700 police officers are deployed to ensure that the arrest of impeached South Korean President Yoon Seok-yoel goes without incident. Yoon’s December 3rd Emergency Martial Rule declaration has triggered the order for his arrest. Its uncertain if Yoon’s Protection Detachment…
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If the Fed wants to organise things in an orderly manner, the market sure isn’t letting them do so. The odds of a 50 bps rate cut dwindled after the US CPI report earlier this week but were reignited again in trading yesterday. The odds of that have…
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The strike will begin at midnight Pacific Time or in just under two-and-a-half hours from now. Boeing’s US factory workers have rejected the company’s plea deal from earlier this week, which includes a 25% pay rise over four years. The union had previously targeted a 40% pay rise,…
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