It’s been fairly every week on the earth of cryptocurrency. From SWIFT’s resolution to make use of Ethereum’s Layer-2 blockchain for stablecoin testing to Bitcoin’s value drop, right here’s a fast recap of the highest tales from the weekend.
SWIFT Taps Ethereum Layer-2 Chain Linea For Stablecoin Take a look at
SWIFT has chosen Linea, the Ethereum (CRYPTO: ETH) Layer-2 blockchain developed by Consensys, to check blockchain messaging and stablecoin funds, based on a report on Friday.
Former Huge Whale journalist Grégory Raymond cited sources accustomed to the matter, saying the interbank messaging community, which connects greater than 11,000 establishments worldwide, is experimenting with transferring its cost directions on-chain.
The trial consists of main banks comparable to BNP Paribas and BNY, marking one of essentially the most important blockchain initiatives from conventional finance to this point.
Learn the total article here.
Mark Cuban’s Blast From The Previous, Says Bitcoin Maxis ‘holding Their Breath’ On Etfs, Institutional Adoption
Billionaire investor and fashionable media persona Mark Cuban revisited his ideas on the supposed hypocrisy throughout the Bitcoin (CRYPTO: BTC) group about regulation and decentralization.
In an X put up on Wednesday, Cuban made a “blast from the previous” reference to his opinion shared on Sept. 18, 2021, which learn.
“Anyone else discover how the BTC Maxis that scream and yell about attainable regulation are those holding their breath for BTC ETFs approvals and wish closely regulated funds and pensions to purchase as a lot BTC as they will?”
Learn the total article here.
Bitcoin Falls Under $109,000, Ethereum, XRP, Dogecoin Can’t Catch A Break
Cryptocurrencies are down on Friday morning, with Bitcoin buying and selling under $109,000 for the primary time for the reason that begin of September.
See Additionally: Bitcoin Falls Below $109,000, Ethereum, XRP, Dogecoin Can’t Catch A Break
Dealer Notes: Crypto dealer Jelle highlighted that Bitcoin is nearing its 200-day transferring common cluster, a zone that has persistently acted as a mid-time period backside all through this cycle.
Learn the total article here.
Peter Schiff Predicts ‘Brutal’ Bear Market For Bitcoin Treasury Firms, Labels Michael Saylor’s Enterprise Technique ‘harebrained’
Economist Peter Schiff warned Thursday of a extreme bear marketplace for Michael Saylor-led Technique Inc. (NASDAQ: MSTR) and corporations mimicking its Bitcoin treasury play.
In an X put up, Schiff questioned the viability of firms with giant Bitcoin reserves.
“Whereas so many firms have been busy copying Saylor’s harebrained enterprise technique, few have observed that MSTR is down 45% from its Nov. 2024 excessive,” Schiff mentioned.
Learn the total article here.
Bitcoin, Ethereum, XRP, Dogecoin Bleed As Sizzling Macro Information Dashes Charge Minimize Hopes: Analyst Says ‘90% Of The Correction Is Over’
Main cryptocurrencies plunged alongside shares on Thursday, as robust financial knowledge dampened expectations for a fee lower by the Federal Reserve.
Bitcoin dived under $109,000, worsening the downturn. The apex cryptocurrency’s buying and selling quantity jumped 55% within the final 24 hours, signaling excessive promoting stress.
Ethereum sank under $4,000 for the primary time in six weeks, with volumes doubling within the 24-hour interval.
Learn the total article here.
Learn Subsequent:
Picture Through Shutterstock
Disclaimer: This content material was partially produced with the assistance of AI instruments and was reviewed and printed by Benzinga editors.
