Cryptocurrencies analysis

Finance industry bodies call for changes to crypto rules for banks

A group of finance industry bodies is calling for a rethink on looming regulatory standards that they say will make it difficult for banks to participate in crypto markets. The Basel...

Crypto firm Tether hires ex-White House crypto adviser Bo Hines

Cryptocurrency firm Tether has appointed former White House crypto policy executive Bo Hines as a strategic adviser to help steer its expansion in the United States, the company said on Tuesday. ...

Japan startup to issue first yen-pegged stablecoin

TOKYO -Japanese startup JPYC said it will issue the first stablecoin pegged to the yen later in the year after receiving a licence this week. The stablecoin, which will be called JPYC,...

Google bets $3.7 billion on Bitcoin miner TeraWulf

Google is officially entering the Bitcoin mining game. And not with a small step… but with a $3.7 billion investment in TeraWulf, a US player already well established in mining and high-performance...

Dutch crypto firm Amdax aims to launch Bitcoin treasury company on Euronext

Amsterdam-based cryptocurrency service provider Amdax plans to launch a bitcoin treasury company called AMBTS on the Dutch stock exchange, Amdax said on Monday. WHY IT'S IMPORTANT: ...

Fed to scrap program devoted to policing banks on crypto, fintech activities

WASHINGTON -The Federal Reserve announced on Friday it was scrapping a so-called novel activities supervision program it created to specifically police banks on their crypto and fintech activities,...

Citigroup considers custody and payment services for stablecoins, crypto ETFs

NEW YORK -Citigroup is exploring providing stablecoin custody and other services, a top executive told Reuters, in a further sign sweeping policy changes in Washington are spurring major financial...

Musk's X back up after brief outage, Downdetector shows

Elon Musk's X was back up for thousands of users in the U.S. after a short outage on Thursday, according to tracking website Downdetector.com. Th outage eased to nearly 600 incidents of...

Ether's rally turns corporate - on the road to $16K?

ETH is closing in on its all-time high as corporate treasuries and ETFs drive unprecedented demand - but heavy futures positioning and profit-taking raise short-term correction risks.

Bitcoin joins the risk-on party

A look at the day ahead in European and global markets from Ankur Banerjee You know markets are fully risk-on when cryptocurrencies are on a tear, with bitcoin joining global stocks to...

Crypto exchange Bullish valued at nearly $13.2 billion in blowout NYSE debut

Cryptocurrency exchange operator Bullish was valued at about $13.16 billion after its shares more than doubled in their NYSE debut on Wednesday, underscoring investor confidence in the sector and...

CoinDesk owner Bullish prices IPO above range to raise over $1.1 billion

NEW YORK -Bullish, a cryptocurrency exchange operator that counts billionaire Peter Thiel amongst its backers, said its U.S. initial public offering was priced above its indicated range at $37 per...

BNY appointed investment manager for OpenEden's tokenised US Treasury fund

SINGAPORE -Singapore-based fintech firm OpenEden said on Wednesday it has appointed U.S. financial firm BNY as the investment manager and primary custodian for assets backing its tokenised U.S....

Do Kwon pleads guilty to US fraud charges in $40 billion crypto collapse

NEW YORK -Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, pleaded guilty on Tuesday to two U.S. charges of conspiracy...

Stablecoin issuer Circle tops revenue estimate in first quarterly result since IPO

Stablecoin giant Circle surpassed expectations for second-quarter revenue in its maiden quarterly results since going public, sending its shares up 5% on Tuesday. Higher circulation of...

Exclusive-Paxos joins spate of crypto companies applying for US trust bank licenses

Paxos Trust Company, the cryptocurrency firm behind PayPal's stablecoin, said it is applying to create a national trust bank in the U.S., joining a raft of digital asset companies looking to gain a...

Trump opens US pensions to Bitcoin and private equity

Donald Trump has just signed an executive order that opens the doors of the colossal US pension market - worth around $9 trillion in assets - to cryptocurrencies, private equity and a range of...

Trump's 401(k) order offers retirement savers crypto, private assets, but also higher fees and more risk

NEW YORK -The new White House order directing regulators to expand access to alternative investments in 401 plans, like crypto or privately owned companies adds a new layer of risk to the retirement...

Leverage, buy, repeat: the addiction of crypto treasuries

In France, all companies listed on the tightrope or lacking a business model seem to want to become Crypto Treasury Companies. However, this is not a French phenomenon. It's actually a global...