El Salvador targets $9 billion in transfers, but chooses stablecoins

El Salvador is turning to stablecoins for remittances, further separating everyday payments from the countrys pioneering Bitcoin experiment.  Related Asset Bitcoin #1 BTC · $83,641.68 24-hour change: down 0.19% Loading price history… 24H Down 0.19% 7D Down 3.27% 30D Up 5.78%  Sivar, a new national community and payments app developed by Modveon, will use Coinbase infrastructure to settle transfers in stablecoins on Base, according to a Sept. 29 announcement. Users in the US can fund transfers with debit cards, while recipients in El Salvador receive the value through wallets embedded in the app.  The rollout marks an evolution for a country that made Bitcoin legal tender in 2021 partly on the promise that the cryptocurrency could make cross-border payments cheaper. Five years later, El Salvador still promotes Bitcoin, but dollar-backed tokens are increasingly being deployed for payments.  Related Company Coinbase A leading digital currency company  Sivar abstracts the crypto infrastructure from users, allowing people unfamiliar with digital assets to send and receive money without managing the underlying blockchain transaction themselves.  Coinbase Chief Policy Officer Faryar Shirzad said the economics work because the transfers move entirely in digital dollars.  Sivar targets a $9 billion remittance corridor  The opportunity is substantial in a country where money sent home by Salvadorans

15 گھنٹے پہلےانڈسٹری

FILE Price Prediction: $1.11 Is the Line in the Sand — Break It or Face a Hard Reset

Ted Hisokawa  Sep 29, 2026 10:53 UTC  FILE is pressing against critical resistance at $1.09–$1.11 with all major moving averages aligned bullishly beneath it and open interest exploding 26% in 24 hours — but aggressive taker selling is…  FILE Is Coiling at a Critical Junction — The Setup Is Loaded  FILE is sitting at $1.07 as of September 29 morning session, up a modest 1.55% on the day, and on the surface that looks pedestrian. Don‘t be fooled. What’s happening under the hood is anything but quiet. Open interest on Binance Futures has ripped 26.25% higher in 24 hours — that‘s not noise, that’s capital moving with conviction. New positions are being built aggressively, and when you combine that with a price sitting above every major moving average on the board, the structural setup for FILE is genuinely constructive heading into month-end.  The broader crypto environment matters here too. Layer-1 and DeFi tokens have been caught in a push-pull between Bitcoin‘s gravitational pull and their own on-chain catalysts. FILE, as a native crypto asset, is not immune to BTC correlation — but the independent OI surge suggests there’s a protocol-specific narrative pulling money in. Traders tracking this space on Blockchain.news will recognize this pattern: a

15 گھنٹے پہلےانڈسٹری

Zcash (ZEC) Plunges 12% Daily: Healthy Correction or the End of the Rally?

“It needs some of the air let out,” one analyst stated.  The popular privacy coin was on a tear earlier this month, rising to a ten-year high of almost $1,700. However, over the next few days, the bears stepped in, and the situation has only worsened in the past 24 hours.  Currently, ZEC trades just north of $1,400, and many market observers believe the price has yet to plunge much further.  What Now?  X user Ardi said he remains bullish on ZEC but added he won‘t pretend losing $1,420 wouldn’t matter in this phase of price discovery. The analyst assumed that losing this support (as it did) might lead to a sweep toward $1,250 and below, “regardless of where I think Zcash goes this cycle.”  He also noted that its easy for people to say they will buy a correction while the price is rallying, yet when it actually starts dumping, some become convinced it has much further to fall.  “They get the lower price. Then they lower their bids again,” Ardi concluded.  Nick O‘Neill also spotted the asset’s pullback, saying “it feels good.” The analyst emphasized that going straight up is never healthy, and after such an astonishing bull run, it might be time for ZEC

15 گھنٹے پہلےانڈسٹری

Could AI agents spend digital euros? The ECB wants to find out

Imagine telling an AI assistant to pay your electricity bill, and it just does it, without you lifting a finger. Thats what the European Central Bank is now looking to do!  A month ago, the ECB said it wanted the digital euro to be “fit for the future.” Introducing AI is a way to find out what that future actually looks like.  What the ECB wants to build  Applications were opened by the ECB on September 28 for the latest round of its digital euro innovation platform.  Theyre encouraging fintech companies and payment firms to apply, and the work is split into two parts.  They want fintech companies and payment firms to apply, and the work is split into two parts.  For the first part, from January to June 2027, those participating will build prototypes of features the digital euro could offer one day. These features include digital receipts, payments involving a lot of people, and payments that only go through when certain conditions are met.  Source: ECB  Some will also work on how the digital euro looks and feels on the users end.  The second part is more about the long game.  Therell be workshops in the first half of 2027, and this is where the AI angle comes

15 گھنٹے پہلےانڈسٹری

Trump-related American Bitcoin has lost more than 90% of its value

Hut 8-owned BTC mining firm, American Bitcoin, has dramatically underperformed BTC since its reverse merger which allowed it to become publicly listed.  American Bitcoin has lost approximately 92% of its value (after accounting for its reverse stock split) since its merger.  BTC by comparison has lost a mere quarter of its value.  American Bitcoin claims that it “was formed through the strategic contribution of substantially all of Hut 8s ASIC fleet into a new venture led by Eric Trump and Donald Trump Jr.”  More specifically, Eric Trump served as chief strategy officer during this 90% decline.  Donald Trump Jr. provides advice to the firm in his role as senior adviser.  Together theyve led this firm which is supposedly “a pure-play BTC accumulation platform that integrates scaled BTC mining operations with disciplined accumulation strategies” into a substantial decline that has far outpaced the decline of BTC.  Read more: Trump promised bitcoin ‘made in America’ then ruined it with tariffs  American Bitcoin reported a net loss of over $150 million for 2025.  For the first six months of 2026 it has added to those with an additional $138 million in net losses, largely driven by the falling price of BTC.  The recent rebound in BTC prices will likely reduce some of those

15 گھنٹے پہلےانڈسٹری

Crypto ETFs Surge as Bitcoin Funds Add $2.95 Billion in 30 Days

In briefU.S. spot Bitcoin ETFs took in $2.95 billion over 30 days, including $31.07 million on Sept. 28, according to SoSoValue.The eight-day streak began Sept. 17, two days after Bitcoin funds lost $450.4 million when the Clarity Act failed a Senate vote.Ether ETFs added $982.5 million over 30 days, ahead of Solana funds at $278.2 million and XRP funds at $127.05 million.  Bitcoin ETFs are having a very good month, all things considered. U.S. funds pulled in $2.95 billion over the past 30 days, according to SoSoValue, and extended their inflow streak to eight straight trading days on Monday.  Monday itself was relatively quiet: $31.07 million in net inflows, the weakest day of the streak. BlackRock once again pulled its weight, with its IBIT fund taking in $54.84 million, but Grayscales GBTC lost $23.19 million and Fidelitys FBTC shed $10.90 million.  Myriad: How high will Bitcoin go? Click to make your prediction.  The current run of green days for Bitcoin ETFs started on Sept. 17, right after the ugliest stretch in months. On Sept. 15, Bitcoin ETFs lost $450.4 million, their biggest one-day outflow since June 24, coinciding with the US Senate voting 49-50 against advancing the Clarity Act. It needed 60 votes, and

15 گھنٹے پہلےانڈسٹری

Will the Fed Raise Interest Rates in October? Key Signal Arrives

New York Fed President John Williams, the second-ranking official on the Federal Reserves rate-setting committee, pushed back on an October rate hike. The Fed has “no need for urgency,” he said.  Last week, markets predicted a 70% probability of an October rate hike. Today, it has dropped below 50%. What does this mean for Bitcoin and the wider crypto market?  Sponsored  Sponsored  Fed Can Wait After Septembers Hike  The Fed raised its benchmark rate by a quarter point on September 16. This increased the borrowing costs for everything from mortgages to business loans.  Williams is vice chair of the Federal Open Market Committee (FOMC), the group that votes on rates. He spoke at the University at Buffalo.  “With the policy action we took at our September meeting, there is no need for urgency, and we have time to gather more information,” said Williams.  He still called 3.7% inflation “unquestionably too high.” He added that one more hike “may be appropriate late this year.” The Feds two remaining meetings of 2026 fall on October 28 and December 9.  Traders took the hint. According to CME FedWatch, which turns futures prices into odds, the chance of an October hike is now close to a coin flip. Weeks ago, it was well

16 گھنٹے پہلےانڈسٹری

US crypto ETF inflows cool after $3.3B week but streaks hold

US spot crypto exchange-traded fund (ETF) attracted about $64.8 million on inflows continued to cool on Monday, down roughly 80% from Friday after a strong week of buying.  SoSoValue data showed US spot Bitcoin (BTC) ETFs led Mondays inflows with $31.07 million, followed by $17.1 million for Ether (ETH) ETFs. Solana (SOL) funds recorded $12.7 million, while XRP (XRP) ETFs drew $3.96 million.  The four categories attracted roughly $330.8 million on Friday. Bitcoin funds drew $134.47, while Ether took in $86.95 million, Solana $86.7 million and XRP $22.65 million.  The broad cooldown across US spot crypto ETFs followed a week of strong demand, when the same four ETF categories attracted more than $3.3 billion combined. Bitcoin ETFs led last weeks inflows with $2.39 billion, followed by Ether at $690 million, Solana at $188 million and XRP at $75.6 million. Zcash ETFs added about $35 million last week before posting an $8.1 million outflow on Monday.  US spot Bitcoin ETF daily inflows. Source: SoSoValueCrypto ETF inflow streaks continue despite slowdown  While Mondays inflows were substantially smaller, all four categories remained in positive territory and continued their inflow streaks.  Monday extended Bitcoin ETFs net inflow streak to eight consecutive trading sessions. The funds have attracted about $3 billion

17 گھنٹے پہلےانڈسٹری

Anthropic lost $42 billion, warned AI could resist shutdowns, but traders still price it at $2 trillion

Anthropic is preparing one of the largest IPOs on record, asking investors to finance an unusually expensive race for artificial intelligence dominance.  The Claude developer has confidentially filed for an initial public offering that could value it at more than $2 trillion, according to a prospectus reviewed by Reuters. The listing is now expected after the November US midterm elections.  The filing offers the clearest look yet at the economics, dependencies and technological risks behind a company whose valuation has multiplied alongside demand for generative AI.  It also presents prospective shareholders with an unusual proposition: Anthropic is expanding at extraordinary speed, but doing so requires enormous spending commitments while its founders retain control over major corporate decisions.  The seven co-founders plan to exercise 50.1% of voting power on key matters through a special Founder LLC and Class F share. Anthropic cautioned that decisions made under that structure could sometimes conflict with ordinary shareholders financial interests.  Anthropics growth comes with a $518 billion compute bill  Anthropics revenue jumped 1,088% in 2025 to $4.59 billion as businesses and developers increased their use of Claude.  However, that growth came at considerable cost.  The company posted an $8.06 billion operating loss after spending $7.33 billion on compute and infrastructure, up 190% from

18 گھنٹے پہلےانڈسٹری

Morgan Stanley Has ‘Digital Asset Lab’: Report

Wall Street giant Morgan Stanley has launched a “digital asset lab” to test crypto products, according to reports.  Bloomberg on Tuesday reported that the bank was using the lab to test products like stablecoins, tokenized assets and decentralized finance apps.  Morgan Stanley is one of many banks delving deeper into the crypto world. The traditional finance titan became the first bank to debut a bitcoin exchange-traded fund in April.  The fund, the Morgan Stanley Bitcoin Trust, now manages over $871 million in assets, according to its website.  Citing an interview with Megan Brewer, who is head of firmwide market innovation and labs at the bank, Bloomberg reported that the lab gives Morgan Stanley a “secure, compliant and segregated environment to be able to test and explore some of these new areas of digital assets.”  The report added that the labs team is working to test products like tokenized deposits, central-bank digital currencies and tokenized money market funds.  Morgan Stanley has a number of so-called labs to test out new products, the report continued.  Morgan Stanley has been making big crypto moves for years now. Back in 2021, it started offering wealthy clients exposure to bitcoin via funds such as those by Galaxy Digital.  Last year, the banks CEO

18 گھنٹے پہلےانڈسٹری
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