Author: Digicoinvision
Join Our Telegram channel to stay up to date on breaking news coverage S&P Global slapped a junk rating on Michael Saylor’s Strategy, citing its heavy reliance on volatile Bitcoin and limited dollar liquidity. The credit rating agency initiated coverage of the Bitcoin treasury firm with a B- rating, six notches below investment grade, saying it has “speculative credit quality with increased default risk.” It pointed to the firm’s concentrated Bitcoin holdings, narrow business focus, and weak risk-adjusted capitalization as key weaknesses. S&P also warned of an “inherent currency mismatch,” noting that all of Strategy’s debt is denominated in US…
Ethereum’s Fusaka upgrade has gone live on the network’s final testnet, Hoodi, as developers prepare for the mainnet launch slated for December. Summary Ethereum’s Fusaka upgrade was successfully activated on the Hoodi testnet on Oct. 29. Fusaka’s phased mainnet rollout is scheduled to begin on Dec. 3. According to the team at Nethermind, an Ethereum execution client, the Hoodi Fork was “successfully completed” on Oct. 28, marking a “key milestone on the road to Fusaka.” Despite a successful launch, Ether (ETH) saw little movement and fell over 2% to trade around the $4,000 mark. Traders remained cautious amid macro uncertainty…
The Bank of Korea’s push for the banking sector to lead the rollout of won-denominated stablecoins lacks logic, says Dr. Sangmin Seo, the chair of the Kaia DLT Foundation.In a report released on Monday, the central bank argued that banks are already subject to strict regulations, including capital, foreign exchange, and Anti-Money Laundering requirements, which could help minimize any risks associated with introducing stablecoins to the country.At the same time, the BOK wants a policy consultative body jointly made up of currency, foreign exchange, and financial authorities to decide on issuer eligibility, volumes and other key considerations.Seo told Cointelegraph that…
Join Our Telegram channel to stay up to date on breaking news coverage Metaplanet shares surged 5.5% after the company announced plans for a $500 million share buyback funded through a new credit facility. The Japan-based firm said in a statement today that its board had approved a new capital allocation policy that includes repurchasing shares, pausing equity raises when its market value falls below its Bitcoin net asset value, and optimizing its use of preferred stock. CEO Simon Gerovich said the goal is to “maximize BTC Yield and long-term corporate value.” While a maximum of $500 million can be…
Australia’s corporate regulator has released updated guidance on digital assets, which blockchain executives have welcomed, while airing concerns on the speedy issuance of licenses.The Australian Securities and Investments Commission updated its Info Sheet 225 on Wednesday, announcing that companies offering crypto services classified as financial products will need to become a member of the Australian Financial Complaints Authority and lodge for an Australian Financial Services License by June 30.Bitcoin not a financial productJohn Bassilios, a crypto lawyer and partner at Hall & Wilcox, told Cointelegraph that under the new guidance, tokens such as Bitcoin (BTC), gaming non-fungible tokens, and tokenized…
Ethereum-focused treasury company ETHZilla said it has sold roughly $40 million worth of ether to fund ongoing share repurchases, a maneuver aimed at closing what it calls a “significant discount to NAV.” In a press statement on Monday, the company disclosed that since Friday, October 24, it has bought back about 600,000 common shares for approximately $12 million under a broader authorization of up to $250 million, and that it intends to continue buying while the discount persists. ETHZilla Dumps ETH For BuyBacks The company framed the buybacks as balance-sheet arbitrage rather than a strategic retreat from its core Ethereum…
Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price edged down 1.5% in the past 24 hours to trade at $113,980 as of 3:48 a.m. EST on trading volume that dropped 7% to $54.8 billion. The fall came as S&P Global Ratings slapped a junk rating on Michael Saylor’s Bitcoin treasury firm Strategy because of its ”speculative” exposure to BTC. The B- credit rating placed the firm six notches below investment grade. “We view Strategy’s high bitcoin concentration, narrow business focus, weak risk-adjusted capitalization, and low U.S. dollar liquidity as weaknesses,” the agency…
The Bank of Korea’s push for the banking sector to lead the rollout of won-denominated stablecoins lacks logic, says Dr. Sangmin Seo, the chair of the Kaia DLT Foundation.In a report released on Monday, the central bank argued that banks are already subject to strict regulations, including capital, foreign exchange, and Anti-Money Laundering requirements, which could help minimize any risks associated with introducing stablecoins to the country.At the same time, the BOK wants a policy consultative body jointly made up of currency, foreign exchange, and financial authorities to decide on issuer eligibility, volumes and other key considerations.Seo told Cointelegraph that…
Join Our Telegram channel to stay up to date on breaking news coverage The XRP price has jumped 9% in the past week and 1.4% in the last 24 hours to trade at $2.65 as of 4 a.m. on a 3% increase in trading volume to $4.69 billion. That increase comes as the odds of a Fed rate cut on Wednesday soared to 97.8%, according to the CME Group’s FedWatch gauge. 🇺🇲 97.8% chance for 25 BPS rate cut at tomorrow’s #FOMC 🔥 What di you think will happen after that? pic.twitter.com/D7tgj97mIN — Crypto Seth (@seth_fin) October 28, 2025 The…
In the past few months, the global non-fungible token market has evolved from a speculative art to a utility-driven ecosystem focused on digital ownership, identity, and real-world use cases like gaming, ticketing, and credentialing, with growth in other areas such as AI, real-world assets, and fractional ownership. Unfortunately, Ferrari is yet to notice this big reality and has gone ahead to launch a digital hypercar that will only exist just a non-fungible token collection. Introducing the Ferrari F76, the first car created exclusively for the digital world in the form of an NFT. A pioneering virtual project that combines Ferrari’s…