SWIFT is developing its own blockchain network in partnership with Consensys, marking a strategic shift as stablecoins threaten its dominance in cross-border payments. Major banks including JP Morgan and Deutsche Bank are already testing the prototype system. This move positions SWIFT for the trillion-dollar race defining the future of digital money transfers.
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Posts generated last weekZcash Soars to 3-Year High as Privacy Hedge Against Bitcoin
Privacy-focused cryptocurrency Zcash has surged to its highest price in three years, becoming the top-performing digital asset over the past 24 hours with a 63% price jump. The rally comes as prominent crypto observers position Zcash as insurance against Bitcoin’s transparency and potential government surveillance, with the coin reaching over $121 despite remaining 96% below its 2016 all-time high.
read moreSupreme Court Blocks Trump’s Fed Governor Removal Bid
The US Supreme Court has temporarily blocked President Trump’s attempt to remove Federal Reserve Governor Lisa Cook while her lawsuit proceeds, maintaining stability at the central bank as the legal battle continues. Simultaneously, the White House withdrew another key economic nomination, creating further leadership uncertainty at critical economic agencies.
read moreUS Data Blackout Fuels Bitcoin’s ‘Chaos Bid’ Rally
As the US government shutdown creates a macroeconomic data vacuum, Bitcoin is experiencing a classic ‘chaos bid’ rally, trading at $117,402.84 with 3% gains in 24 hours. The absence of critical economic indicators like jobs reports and inflation data is disrupting traditional market pricing mechanisms while amplifying crypto volatility, particularly significant given Bitcoin ETFs’ role as the dominant marginal buyer in current market conditions.
read moreBitcoin YTD Gains 21% as Q3 Ends: Crypto Update
Bitcoin has delivered impressive year-to-date gains of 21% as the third quarter concludes, according to the latest cryptocurrency market analysis. This weekly update examines the performance and fundamental differences between major digital assets including Bitcoin, Ethereum, and XRP. Investors should understand the distinct risk profiles and characteristics of each cryptocurrency before making investment decisions.
read moreSolana Cannabis Game WEED Token Sparks Ponzi Debate
A controversial Solana-based cannabis farming simulator called Addicted is generating massive returns for early players while drawing accusations of being a ‘Ponzi game.’ The WEED token surged to an $82 million market cap before falling 36%, as players boast of earning thousands daily from virtual drug empires.
read moreBitcoin Hits $117K as US Shutdown Fuels Crypto Rally
Bitcoin surged past $117,000, sparking a broad cryptocurrency market recovery as political uncertainty from the US government shutdown drove investors toward digital assets. Major altcoins including Ethereum and Solana joined the rally with average gains of 3%, potentially signaling the start of a new altcoin season. The timing coincides with Bitcoin’s historically strong October performance and bullish Q4 seasonal patterns.
read moreBitcoin Hits $115K as Metaplanet Boosts Treasury to 30,823 BTC
Bitcoin has surged past the $115,000 threshold, breaking free from weeks of consolidation and reigniting bullish momentum across cryptocurrency markets. This significant price movement coincides with Metaplanet’s substantial Bitcoin accumulation of 5,268 BTC, elevating the firm to become the world’s fourth-largest corporate Bitcoin holder with total holdings of 30,823 BTC. The dual development signals growing institutional confidence as Bitcoin approaches critical technical resistance levels, setting the stage for what could be a decisive move in the final quarter of the year.
read moreCrypto Market Consolidates, Not Capitulates: Bitfinex
The cryptocurrency market is showing signs of consolidation rather than capitulation following recent price declines, according to Bitfinex’s latest analysis. Bitcoin’s recovery above $108,500 indicates a market stabilization phase rather than panic selling. This suggests investors are waiting for clearer directional signals before making significant moves.
read more$21M Crypto Stolen from Japanese Miner SBI Crypto
Japanese crypto mining firm SBI Crypto has suffered a major security breach with approximately $21 million in digital assets stolen from its addresses. Blockchain investigator ZachXBT revealed the funds were laundered through the controversial mixing service Tornado Cash, with indicators pointing to North Korean involvement, marking the latest in a series of devastating crypto thefts that have plagued the industry in early 2024.
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