Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore

News

Stay up to date on the latest crypto trends with our expert, in-depth coverage.

banner
All
Crypto
Stocks
Commodities & Forex
Macro
Flash
03:36
Nominee for Governor of the Bank of Korea: CBDC and deposit tokens should be the core of the digital currency ecosystem
ChainCatcher news, according to Yonhap News Agency, Shin Hyun-song, nominee for governor of the Bank of Korea, stated in a written response during the National Assembly personnel hearing that central bank digital currency (CBDC) and commercial bank deposit tokens issued based on it should become the core of the digital currency ecosystem. Shin Hyun-song expressed basic support for introducing a Korean won stablecoin, but stressed that maintaining trust in the currency is of utmost importance. Regarding the issuer of the Korean won stablecoin, he believes Korea is not a reserve currency country and compliance capability is crucial; therefore, he suggests priority be given to alliances centered on banks, with non-bank institutions allowed to participate and gradual expansion thereafter. Shin Hyun-song was cautious about the claim that stablecoins can improve foreign exchange transaction efficiency, stating it remains unclear whether blockchain can comply with capital and foreign exchange regulations. He also said that crypto assets, including stablecoins, have not fulfilled core monetary functions such as unit of account, medium of exchange, and store of value, and believes that crypto assets cannot replace fiat currency.
03:34
Traffic in the Strait of Hormuz is disrupted again
```htmlGolden Ten Data reported on April 13 that maritime intelligence company Lloyd's List stated that after the US president announced a plan to block the Strait of Hormuz, all traffic in the already restricted strait "immediately stopped," and some vessels turned back. The statement said that before the blockade order was announced, shipping in the strait continued on Sunday, although traffic had decreased. "However, after Trump announced the implementation of the maritime blockade, all traffic appeared to have ceased, and at least two ships that seemed to be leaving the strait have already reversed course."```
03:32
Guedes Energy Research has recently upgraded its investment rating on Occidental Petroleum from "neutral" to "buy".
At the same time, the research institution also raised Occidental Petroleum's target stock price by $3, setting the new target price at $71 per share. This adjustment reflects the research institution's optimistic expectations for the company's future performance.
News