In a joint effort, Philippine banks are launching the PHPX stablecoin, harnessing Hedera’s DLT technology to facilitate real-time remittances and international payments. The PHPX stablecoin is the result of a collaboration among several banks, including Cantilan Bank, the Rural Bank of Guinobatan, Rizal Commercial Banking Corporation, and UnionBank. The adoption of cryptocurrency as a financial…
The cryptocurrency market experienced a sell-off throughout the past seven days, with the total capitalization shedding close to $200 billion during that period. Bitcoin’s price tumbled toward $93,000, liquidating hundreds of millions in over-leveraged positions in the process, as the majority of altcoins are also in the red. Bitcoin’s price trades at a 4.5% decline…
Standard Chartered has announced the launch of a new entity in Luxembourg to serve as its regulatory entry point for providing crypto and digital asset custody services to clients within the European Union (EU). The multinational bank’s initial crypto services in the region will focus exclusively on Bitcoin (BTC) and Ethereum (ETH), with plans to…
The Consumer Financial Protection Bureau has proposed a rule that would require U.S. cryptocurrency companies to refund customers who lose funds due to hacks or unauthorized transactions. he proposal aims to extend the consumer protections already in place for traditional…
Sui extends gains by 4% on Friday, after rallying nearly 14% this week. Uniswap begins recovery on Friday after nearly 8% loss in value on the weekly timeframe. The two tokens could offer higher gains to holders in the coming…
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Spot Bitcoin ETFs in the U.S. marked their first anniversary with over $35 billion in inflows and 1.13 million BTC in assets under management. The US crypto market anticipates new ETFs for assets like XRP, SOL, LTC, and HBAR in 2025. One year after the first US Bitcoin ETFs debuted, the products have proven popular,…
Over the past 24 hours, AI agent tokens have emerged as standout performers in the crypto market, overshadowing Bitcoin and Ethereum. CryptoSlate’s top gainer list highlights impressive growth among the top AI tokens, including ChainGPT, Freysa, aixbt by Virtuals, Swarms, and AI Rig Complex. These tokens recorded double-digit gains over the last 24 hours, with…
2025 looks promising for the cryptocurrency industry after sectors like OTC and stablecoin transactions witnessed booms in 2024, Finery Markets experts shared.
Let’s take a closer look at Pudgy Penguins (PENGU) and its recent price action. Right now, PENGU is trading at around $0.03285, showing a small increase of 0.02% from the previous session. Over the course of the day, it’s seen a high of $0.03572 and a low of $0.03160. The market is still relatively active,…
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