Sony Bank has secured conditional approval from the U.S. Office of the Comptroller of the Currency to establish Connectia Trust, a national trust bank focused on digital assets. The approval moves Sony Financial Group closer to launching a U.S. dollar-backed stablecoin through its planned American subsidiary. Sony Bank announced that
There is a possibility for Venezuelan businesses to switch to the crypto segment. This is in the wake of the dollar scarcity. Firms in Venezuela are looking to raise prices before contemplating the next move. Meanwhile, crypto prices remained flatlined over the last 24 hours, with BTC and ETH maintaining
Gold and silver prices have come down. The US Dollar has gotten stronger against the basket. All this while cryptocurrencies have maintained a steady momentum despite volatility in the market. Interestingly, JPMorgan has earlier flagged that lower volatility could make bitcoin more attractive in the long-term. Gold and US Dollar
• The International Monetary Fund stated that “many stablecoins do not have a true independence from the U.S. dollar and could become private dollar systems.” • The IMF warned that the “global adoption of dollar-linked stablecoins could undermine central banks’ monetary control.” The International Monetary Fund released a report that
The US Dollar (USD) is feeling the pressure against some of the major currencies, like Japanese Yen (JPY) and Australian Dollar (AUD). This comes ahead of employment data, which is scheduled to be rolled out on Wednesday. Meanwhile, the crypto market is seeing major dips across every segment – AI,
The Chinese Yuan (¥) got stronger against the US Dollar ($) by reaching a new appreciated value over the last 6 months. However, the Fed Governor recently denied that a weaker dollar would bother consumer inflation. The crypto market is now eyeing the rollout of the US Jan 2026 employment
The Indian Rupee (₹) just hit a new low against the US dollar ($), triggering anticipation if the Indian crypto market will feel the heat. The central bank has stepped in 2 times but the national currency continues to note depreciation at the moment. Nevertheless, India remains the top adopter
The US Dollar has plunged, and stocks have declined, with all attention now diverted to the Greenland meeting. The global crypto market has felt this pinch, evident from some of the top tokens losing their value significantly. Meanwhile, investors continue to seek a safety net in Gold and Silver. Stocks
Stocks and the US Dollar have plunged on the sidelines of the fallout between US President Donald Trump and Fed Chair Jerome Powell. This has triggered concerns around what the future holds for the crypto market. While there is a sustained volatility at the moment, long-term projections demonstrate a chance
Today, the world’s fourth-largest economy, Germany, was confirmed to be in recession due to the drop in the euro’s value. Meanwhile, the dollar reached a two-month peak as demand for safe-haven assets rose because of growing concerns about a US default on its debts. The biggest economy in Europe Germany
