Hong Kong's new custody standards could enhance global trust in its digital asset sector, potentially attracting more international investors.
The post Hong Kong’s SFC sets new custody standards for crypto trading platforms appeared first on Crypto Briefing.
Earlier today, wallets tied to crypto exchange BtcTurk reportedly transferred more than $48 million worth of digital assets. This movement has raised suspicions of a potential security breach.
BtcTurk Suspends Crypto Withdrawals, DepositsAccording to an X post by blockchain security entity Cyvers Alerts, outflows of over $48 million in cryptocurrencies were detected in “unusual activity” across multiple blockchain networks involving the Turkish exchange BtcTurk.
Bitcoin dominance has fallen to a six-month low while altcoin market cap jumped 50% since July, setting the stage for a potential September altseason, said Coinbase.
Nakamoto, a Bitcoin entity established by Trump crypto adviser David Bailey, and KindlyMD, have merged to establish a new Bitcoin treasury company.
Sequans' Bitcoin strategy could influence corporate treasury trends, impacting market dynamics and shareholder value in the tech sector.
The post Government-backed IoT company Sequans plans to accumulate 100,000 Bitcoin over next five years appeared first on Crypto Briefing.
XRP price is down over 6% from the $3.350 resistance zone. The price is holding the $3.020 support and might aim to start a fresh increase.
Bitcoin briefly set a new all-time high above $124,000 earlier today before experiencing a sharp retracement that brought the asset back below the $120,000 level. As of press time, BTC is trading at $118,336, representing a weekly loss of 1.9% and a 4.5% decline from its peak.
Shares of Circle Internet Group (NASDAQ: CRCL) faced a pull back following the release of its latest quarterly results, despite the company reporting substantial growth in key metrics.
Over the past year, the supply of USD Coin (USDC) in circulation expanded to $61.3 billion, marking a 90% increase. Revenue, including income from reserves, rose 53% year-over-year to reach $658 million.
A crypto trader says Bitcoin is at a “key resistance” similar to the level where it topped in 2021, but other traders argue historical charts can’t be applied to this cycle.
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