Tether has refuted claims made by JPMorgan analysts regarding its Bitcoin reserves and ability to comply with upcoming US stablecoin regulations. In a Feb. 13 statement to CryptoSlate, the stablecoin issuer confirmed that it is closely monitoring developments around US stablecoin regulations while actively engaging with local regulators. Tether acknowledged ongoing discussions surrounding the proposed […]
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The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are reportedly exploring a joint approach to regulating digital assets, Fox Business Journalist Eleanor Terret reported on Feb. 13. This initiative includes reviving the long-dormant CFTC-SEC Joint Advisory Committee (JAC), which once served as a bridge between the two agencies. Initially […]
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Japanese Bitcoin investment firm Metaplanet has secured $26 million (4 billion yen) through the issuance of zero-interest, unsecured, and unguaranteed bonds, according to a Feb. 13 statement. The company intends to use the proceeds to strengthen its Bitcoin reserves as part of its broader financial strategy. Fundraise Metaplanet said the funds were raised from EVO Funds […]
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SBC Medical Group Holdings Incorporated announced plans to purchase Bitcoin (BTC) worth 1 billion yen ($6.7 million) as part of a long-term strategy aimed at asset diversification and inflation hedging. The Japan-based medical services provider said investing in Bitcoin aligns with its goal of establishing a robust financial foundation while adapting to evolving macroeconomic conditions. […]
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Japanese gaming and blockchain company Gumi has announced a 1 billion yen ($6.5 million) investment in Bitcoin (BTC) in a Feb. 10 letter to the market. The investment will occur from February to May and will represent 4.3% of Gumi’s $150 million market cap. Following the news, Gumi stock climbed 3.65%. The company also revealed […]
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North Carolina lawmakers have introduced a bill allowing the state treasurer to invest up to 10% in Bitcoin (BTC) and other qualifying digital assets. House Bill 92, sponsored by Representative Destin Hall and Representatives Mark Brody and Steve Ross, qualifies any crypto with a market cap of over $750 billion during the 12 months preceding […]
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Strategy acquired an additional 7,633 BTC and elevated its unrealized profit to over $17 billion on Feb. 9. Meanwhile, Metaplanet reported that 85% of its 2024 net income was attributed to Bitcoin (BTC) holdings, with nearly $36 million in unrealized profits. The firm said it intends to increase its Bitcoin stash to 10,000 BTC by […]
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Ripple has expanded its presence in Europe through a partnership with Unicâmbio, a Portuguese crypto exchange. This partnership is set to streamline cross-border payments between Portugal and Brazil using Ripple Payments, according to a Feb. 10 statement. Cross-border payments The company said this move is a significant step in its broader strategy to enhance financial […]
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Swedish fintech giant Klarna has finally succumbed to pressure from its 80+ million user base to offer crypto services. The development comes as the company prepares for its highly anticipated initial public offering (IPO) in the US, targeted for April with a valuation of up to $15 billion, making it one of the largest listings […]
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Traditional finance remains cautious of decentralized finance, but there are opportunities for collaboration.
Yahoo Finance has recently been criticized for allegedly excluding press releases from crypto companies. The controversy came to light when BTCS Inc. (Nasdaq: BTCS), a blockchain technology-focused company, discovered that its press releases were not appearing on Yahoo Finance despite being distributed through major wire services. Other crypto-focused companies, including Marathon Digital Holdings, Riot Platforms, […]
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The European Central Bank (ECB) may reconsider its relationship with any European national bank that adds Bitcoin to its reserves, according to ECB board member Piero Cipollone. In a Feb. 6 interview, Cipollone suggested that if a national bank integrates Bitcoin into its holdings, the institution would need to assess the risks associated with its […]
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In 2024, Tron reached several important milestones, outpacing both Bitcoin and the broader altcoin market and expanding its user base.
Strategy (formerly known as MicroStrategy) has reported its largest quarterly Bitcoin acquisition to date, marking a significant expansion of its holdings in the fourth quarter of 2024. In the last quarter of 2024, the firm purchased 218,887 BTC, bringing its total holdings to 447,470 BTC as of Dec. 31. The company has made additional Bitcoin […]
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The Algorand Foundation has publicly urged Elon Musk’s Department of Government Efficiency (DOGE) to adopt its blockchain for government operations. In a Feb. 4 post on X, the foundation highlighted how Algorand’s technology could enhance transparency, particularly in tracking federal expenditures. According to Algorand, its blockchain is built with quantum-resistant security, making it ideal for […]
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President Donald Trump issued an executive order on Feb. 3 to create a sovereign wealth fund for the United States. Trump said the initiative would enhance fiscal sustainability, ease tax burdens for American families and businesses, and secure long-term economic stability. He also noted that the fund would reinforce the United States’ global financial and […]
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Coinbase has achieved Virtual Asset Service Provider (VASP) registration in the United Kingdom. On Feb. 3, Coinbase’s Chief Policy Officer Faryar Shirzad announced the development on social media platform X and said that this milestone makes the exchange the largest registered VASP in the UK. He explained: “Governments around the world are embracing digital asset […]
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Another day, another $543 million to plow into Bitcoin. With 471,107 BTC on the balance sheet so far, MicroStrategy is the largest corporate holder of the number-one crypto, falling short only of Binance, U.S. spot Bitcoin ETFs, and Satoshi Namakoto himself. For his part, former MicroStrategy CEO and vocal Bitcoin advocate Michael Saylor is vying […]
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According to a report from crypto exchange CEX.IO, stablecoin transfers reached $27.6 trillion in 2024, outpacing Visa and Mastercard’s combined transaction volume by 7.68%. The report pointed out that stablecoins consistently outperformed traditional payment providers throughout the year despite a dip in Q3 due to broader market slowdowns. This trend signals a shift in global […]
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The Czech National Bank (CNB) announced plans to explore the potential inclusion of Bitcoin (BTC) in its reserve assets on Jan. 30. The move comes despite European Central Bank (ECB) President Christine Lagarde’s vocal opposition to central banks holding the crypto. During a Jan. 30 meeting, the CNB Bank Board reviewed a 2024 international reserve […]
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The stablecoin Ripple USD (RLUSD) surpassed $3.02 trillion in total trading activity just over a month after its debut on centralized exchanges, according to a CCData report. In January alone, RLUSD recorded $2.84 trillion in trading volume as of Jan. 23, establishing itself as the fourth-largest stablecoin by trading volume. Jan. 4 saw the most […]
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Perplexity AI may soon incorporate crypto into its platform, according to CEO Aravind Srinivas. In a Jan. 29 post on X, Srinivas confirmed that crypto integration is on the horizon but did not provide details on how it would be implemented or when users can expect the rollout. Instead, he only responded “soon” to a […]
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Adoption can’t happen without practical cross-border cooperation, which will support the growth of digital assets while managing risks and ensuring regulatory compliance.
Robinhood CEO Vlad Tenev warned that the US could lose its competitive edge in financial markets if regulators fail to provide clear rules for tokenized securities. In a Jan. 28 op-ed for The Washington Post, Tenev argued that blockchain-based financial assets could broaden investment opportunities, allowing retail investors to participate in the early growth of […]
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CME Group announced on Jan. 29 that it would introduce options on its Bitcoin (BTC) Friday futures. The new contracts will launch on Feb. 24. According to the announcement, the contracts are CME’s first financially settled crypto options product, although they are still pending regulatory approval. Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products, […]
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Two US states—Arizona and Utah—are making significant progress in integrating Bitcoin into their state portfolios. This week, both states have advanced legislative efforts that could position them as pioneers in adopting digital assets for public funds. Arizona’s momentum Arizona is pushing to become the first U.S. state to invest public funds in Bitcoin. On Jan. […]
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Trump Media & Technology Group (TMTG), Donald Trump‘s company behind Truth Social and the streaming platform Truth+, announced the launch of Truth.Fi. On Jan. 29, the company announced that it plans to develop a range of investment products that align with what it calls an “America-first” strategy. These investments could include customized exchange-traded funds (ETFs), […]
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Czech National Bank (CNB) Governor Aleš Michl will reportedly propose adding Bitcoin to the country’s reserve assets, Financial Times reported on Jan. 29. If approved, his plan would see the bank eventually allocate as much as 5% of its $146.13 billion reserves to Bitcoin, moving beyond its traditional gold and US dollar holdings. Earlier this […]
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We already know the answer to solving the mainstream adoption problem. Abstracting complexity, focusing on user experience and integration with existing platforms will enable success.
Ripple CEO Brad Garlinghouse has advocated for a US digital asset reserve incorporating multiple cryptocurrencies rather than focusing solely on Bitcoin. In a Jan. 28 post on X (formerly Twitter), Garlinghouse suggested that a future US digital asset reserve should reflect the diversity of the crypto ecosystem. He argued that restricting such a reserve to […]
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