Analysis: Cryptocurrencies

American Bitcoin, backed by Trump sons, aims to start trading in September

HONG KONG -American Bitcoin, the bitcoin miner backed by two of U.S. President Donald Trump's sons, has locked in crypto and traditional investors to back an all-stock merger that will allow the firm...

Bitcoin tanks 10% as whales pivot to ETH-what's next for the market?

BTC price correction accelerated after a major whale rotated billions into ETH, triggering liquidations and raising questions about the cycle's future.

OpenAI, Altman sued over ChatGPT's role in California teen's suicide

The parents of a teen who died by suicide after ChatGPT coached him on methods of self harm sued OpenAI and CEO Sam Altman on Tuesday, saying the company knowingly put profit above safety when it...

Polymarket secures investment from Trump Jr-backed 1789 Capital

Polymarket said on Tuesday it secured an investment from Donald Trump Jr-backed venture capital firm 1789 Capital, as prediction markets gain traction in the United States. The Trump...

Trump Media, Crypto.com launch new crypto treasury firm via SPAC deal

NEW YORK -Trump Media & Technology Group and Crypto.com on Tuesday agreed to a deal with a blank-check acquisition company to launch a new venture that will pursue a treasury-style strategy to...

Stock exchanges urge regulators to crack down on 'tokenised stocks'

A group representing the world's biggest stock exchanges has called on securities regulators to clamp down on so-called tokenised stocks, arguing that the blockchain-based tokens create new risks for...

Strategy: Saylor's secret weapon loses steam - Crypto review

Michael Saylor, who has become Bitcoin's most vocal advocate, is already adjusting the corporate financing rules he set just a few weeks ago. His bold plan-to trade massive sales of common stock for a...

US consumer watchdog kicks off redo of 'open banking' rules on customer data

WASHINGTON -The U.S. Consumer Financial Protection Bureau on Thursday kicked off a do-over of its open banking regulations governing consumer control over the sharing of their personal data between...

Asia's wealthy investors seek more crypto in portfolios

Wealthy Asian families and family offices are ramping up their cryptocurrency investments, driven by the bullishness around digital assets, increased mainstream adoption and favourable regulatory...

Exclusive-China considering yuan-backed stablecoins to boost global currency usage, sources say

China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of...

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.