Crypto & Alternative Assets
China bars unapproved issuance of renminbi stablecoins abroad
Beijing’s move comes at a time of elevated volatility in crypto markets
Bitcoin plunge: What Michael Saylor’s US$12 billion Strategy loss says about the cryptocurrency
BT unpacks the drivers behind the asset’s downturn and what it means for investors
Michael Saylor’s crypto project pounded after US$12.4 billion loss
Strategy holds over 713,000 Bitcoin, valued at about US$46 billion
Bitcoin drops to lowest price since Trump’s election victory
Investor concerns have remained elevated amid economic headwinds, while stocks have struggled to rebound amid low risk appetite and persistent AI bubble fears
Tether is shaking up the gold market with massive metal hoard
The company makes money from its dollar stablecoin that is the giant of the sector, with US$186 billion in circulation
Tether returns to US market with launch of USAT stablecoin
Stablecoins are cryptocurrencies meant to maintain a steady value, typically pegged to the US dollar through reserves of cash or other asset
Stablecoins are US$500 billion risk to bank deposits: report
Bank lobbying groups fear that if crypto firms are allowed to offer rewards, that poses a material deposit flight risk
US Senate Banking delays crypto bill after Coinbase CEO opposition
The legislation seeks to define when crypto tokens are securities, commodities or otherwise
US senators introduce long-awaited Bill to define crypto market rules
The legislation gives the industry legal clarity, and defines when tokens are securities, commodities or otherwise
StanChart is preparing crypto expansion with prime brokerage
It will house the new business within its wholly owned venture capital unit, SC Ventures
