What Are Stablecoins?

Stablecoins are a type of cryptocurrency designed to maintain a stable value by pegging their price to a reserve asset, such as a fiat currency (e.g., US Dollar, Euro), commodities (e.g., gold), or other cryptocurrencies. Unlike volatile cryptocurrencies such as Bitcoin and Ethereum, stablecoins aim to provide price stability while retaining the benefits of digital…

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Understanding Blockchain Technology and Its Impact on the Finance Industry

What is Blockchain Technology? Blockchain technology is a decentralised digital ledger system that records transactions across multiple computers securely, transparently, and immutably. Each record, known as a “block”, is linked to the previous one, forming a continuous “chain” of data. This structure makes it nearly impossible to alter past records without changing all subsequent blocks,…

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OJK Monitors Blockchain Developments for the Banking Sector

The Indonesian Financial Services Authority (Otoritas Jasa Keuangan, OJK) is closely monitoring the evolution of blockchain technology and its potential applications within the banking sector. This move aligns with global financial trends as institutions explore digital innovations to maintain competitiveness in an increasingly tech-driven landscape. Dian Ediana Rae, Chief Executive of Banking Supervision at OJK,…

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Ethereum Falls Below $2,000 as Dormant Whale Transfers 6,022 ETH

Ethereum (ETH) has dropped below the $2,000 threshold following a substantial transfer of 6,022 ETH by a long-dormant whale. The transaction, valued at approximately $11.8 million, has sparked concerns over increased selling pressure and heightened market volatility. Whale Activity and Its Market Implications On-chain data indicates that the whale—inactive for several years—moved the ETH to…

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