Bitcoin and its peers are trading lower Wednesday after a mixed performance a day earlier and the relative calm in the market has made analysts wonder if the top cryptocurrency has hit a bottom and is now preparing for a rally.
Overall cryptocurrency market capitalization was $210.22 billion and the Bitcoin dominance rate was 53.8 percent as of 9.13 am ET on CoinMarketCap. Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours. Coinbase Expands European Operations To Ireland With New Office in Dublin
Major US cryptocurrency exchange Coinbase has expanded its European operations to the Republic of Ireland with an office in the capital city of Dublin. The move will broaden its reach in Europe and also enable it to continue serving its users in the European Union even after the impending Brexit. Dublin will serve as a second base for Coinbase to serve its users in Europe after the London office, which is the headquarters for its EU operations and other international operations beyond the U.S.
BitPay Merchants Can Now Receive Settlements In Two Stablecoins
Bitcoin payment processor BitPay will now start providing merchants and businesses the option to receive the settlement for their payments using two recently launched stablecoins - Gemini Dollars (GUSD) and Circle USD Coin (USDC). The ERC20-based stablecoins, issued by regulated cryptocurrency exchanges Gemini and Circle, are backed 1:1 by the value of US dollars and held at US-located and FDIC-insured banks. It allows users to send and receive US dollars over the Ethereum blockchain.
Hong Kong's Securities Regulator Plans Crypto Exchange Regulation
Hong Kong's Securities and Futures Commission or SFC is exploring ways for regulation in different cryptocurrency trading platforms in the city, South China Morning Post reported. SFC's outgoing chairman Carlson Tong Ka-shing said the move would tighten investor protection. Technically, SFC is restricted by its legal regulatory reach of securities only.
Kenyan Govt's Housing Project To Implement Blockchain Technology
The government of Kenya plans to use blockchain technology in its new affordable housing project of 500,000 units, according to Kenyan news outlet The Star. The distributed ledger technology will be used to deal with allocation and funds management of the housing project, to make sure proper distribution of cheaper housing to deserving participants. The government aims to build these units by 2022.
Current Prices
As of 9.14 am ET, Bitcoin was down 1.09 percent at $6,425.41 and Ethereum was lower by 1.59 percent at $203.29 on Coinbase.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.