Articles for category: Crypto

September 25, 2025

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Cloudflare Unveils NET Dollar: A New Era for AI Transactions

In a groundbreaking development for digital finance, Cloudflare, the well-known cloud service provider, has announced the launch of its own stablecoin, NET Dollar. This digital currency is intended to facilitate seamless interactions between artificial intelligence (AI) agents, paving the way for a future where intelligent systems can engage in secure and instantaneous transactions. NET Dollar is a stablecoin backed by the U.S. dollar, designed specifically for the emerging landscape of the agentic web—a concept that envisions a future where digital entities operate with greater autonomy. Cloudflare aims to position NET Dollar as the preferred medium of exchange for a variety

September 25, 2025

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KuCoin Contests $14 Million Fine in Canadian Regulatory Dispute Over Compliance Issues

Cryptocurrency exchange KuCoin is currently appealing a significant enforcement action imposed by Canadian regulatory authorities, which accused the firm of neglecting the registration requirements for money-services businesses and failing to implement adequate measures against money laundering activities. The penalty, exceeding $19 million CAD (approximately $14 million USD), was levied by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) following an investigation that revealed the Seychelles-based Peken Global Limited, operating under the KuCoin brand, did not properly report substantial cryptocurrency transactions. The agency stated that the exchange failed to identify and flag suspicious activities that could be linked to

September 25, 2025

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HSBC Makes Strides in Quantum Computing: What This Means for the Crypto Community

The Hong Kong-Shanghai Banking Corporation (HSBC) recently announced a significant advancement in quantum computing, claiming successful integration into their trading strategies. On Thursday, the banking giant revealed their achievement in utilizing a quantum computer to enhance algorithmic trading, specifically to assess the probability of executing over-the-counter (OTC) bond orders at targeted prices. Through the implementation of quantum technology, HSBC reported a 34% enhancement in predicting bond prices, as well as in minimizing slippage when filling orders. Philip Intallura, HSBC’s head of quantum technologies, expressed optimism about the implications of these results, stating, “Given the trial delivered positive results on current

September 25, 2025

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Crypto Market Takes a Hit as Strong U.S. Economic Data Reduces Rate Cut Expectations

The cryptocurrency market experienced a notable downturn on Thursday, following a period of cautious fluctuations. The shift was primarily driven by robust U.S. economic indicators that dampened prospects for further interest rate reductions by the Federal Reserve. Bitcoin (BTC) fell below the $111,000 mark, trading at approximately $110,300, reflecting a decline of 3% for the day. Ethereum (ETH) saw a steeper drop of 6.5%, settling under $4,000 at around $3,910, marking a significant 15% decrease over the past week. In the broad landscape of altcoins, Solana experienced the hardest hit, plummeting by 8% to a price of $197. Other notable

September 25, 2025

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Citi Projects Stablecoin Market to Surge to $4 Trillion by 2030

The stablecoin sector is on an accelerated growth trajectory, as recent data from Citi suggests issuance amounts have climbed significantly from around $200 billion at the beginning of 2025 to approximately $280 billion as of now. This rise has prompted the banking giant to adjust its predictions for the future of stablecoin issuance. In its updated report, Citi has revised its 2030 projections, now estimating a base case issuance of $1.9 trillion, with a bullish scenario potentially reaching $4 trillion. These figures mark an increase from previous estimates of $1.6 trillion and $3.7 trillion, respectively, highlighting the growing acceptance and

September 25, 2025

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Hong Kong’s HashKey Launches $500M Fund, Aiming to Transform Corporate Treasury Practices with Digital Assets

In a significant advancement for the cryptocurrency sector, HashKey Group, a Hong Kong-based firm, has unveiled a $500 million Digital Asset Treasuries (DAT) fund. This initiative marks a pivotal moment for the inclusion of digital currencies in corporate finance and indicates a progressive shift towards broader acceptance of cryptocurrencies in mainstream economies. DATs represent a strategic approach for corporations to integrate cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) into their financial portfolios. This trend is gaining momentum as more companies seek to diversify their assets beyond conventional cash and bonds, driven by a notable evolution in favorable regulatory landscapes across

September 25, 2025

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SharpLink Gaming Takes a Bold Step by Tokenizing SBET Shares on Ethereum with Superstate

Navigating the evolving landscape of finance, SharpLink Gaming, a company listed on Nasdaq, has made headlines as it announces plans to tokenize its SBET shares on the Ethereum blockchain. This initiative positions SharpLink as the first public company in the United States to transform its SEC-registered equity into tokenized form on Ethereum, as detailed in a recent announcement. Under the partnership with Superstate, a tokenization startup co-founded by DeFi pioneer Robert Leshner, SharpLink aims to leverage the innovative Opening Bell platform for this ambitious undertaking. Superstate will function as the digital transfer agent, facilitating the management of shares directly on

September 25, 2025

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Cloudflare Launches NET Dollar to Empower AI-Driven Internet Transactions

In a significant development for the evolving landscape of digital finance, Cloudflare (NET), a leading cloud services provider, has announced the forthcoming launch of its U.S. dollar-pegged stablecoin, termed NET Dollar. This initiative aims to serve the emerging “agentic web,” a concept where autonomous artificial intelligence (AI) agents execute tasks ranging from booking flights to grocery shopping seamlessly. Cloudflare revealed its plans on Thursday, emphasizing the need for fast and secure transactions in a rapidly changing digital economy. The NET Dollar will be designed specifically for software agents, developers, and content creators, representing a strategic pivot away from traditional ad-driven

September 25, 2025

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US Jobs Report Triggers Dollar Rally, Puts Pressure on Bitcoin

In the wake of stronger-than-anticipated job data from the United States, Bitcoin and other risk assets experienced notable declines. The U.S. dollar index surged to a three-week high as jobless claims came in lower than forecasts, influencing market sentiment significantly. Data from Cointelegraph Markets Pro and TradingView indicated that Bitcoin (BTC) hit a new local low of $110,658 on Bitstamp, indicating heightened pressure on crypto prices. The unexpected strength in the labor market led to a reduction in expectations for imminent interest rate cuts from the Federal Reserve, based on insights from the CME Group’s FedWatch Tool. Market reactions were

September 25, 2025

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Google Partners with Cipher Mining to Strengthen AI Hosting Infrastructure

The tech giant Google is taking significant strides in the artificial intelligence (AI) and high-performance computing realms with a new agreement involving Cipher Mining (CIFR). This strategic partnership is set to enhance Google’s AI capabilities while positioning Cipher as a key player in large-scale computing services. Under the terms of a 10-year hosting agreement with Fluidstack, Google will acquire warrants to purchase approximately 24 million shares of Cipher Mining, representing around 5.4% of the company’s equity. This deal not only reflects Google’s ongoing commitment to developing robust AI infrastructure but also underscores its ambition to invest deeply in the future