Business

By Federico Maccioni DUBAI (Reuters) – The cryptocurrency firm is considering moving its headquarters to El Salvador, its chief executive said, as the founders of the world’s largest stablecoin seek to capitalize on the Central American country’s bid to become a hub of crypto trading. Tether has become a dominant force in the booming market […]

Bitcoin (BTC) continues to become more entrenched in the traditional financial system. Italy’s largest bank by assets, Intesa Sanpaolo, purchased 11 BTC for over $1 million, according to a Reuters report. Reuters saw an internal message saying: “As of today, January 13, 2025, Intesa Sanpaolo owns 11 bitcoins.” Intesa Sanpaolo currently has a market capitalization

PK Press Club — Intesa Sanpaolo (OTC:) SpA, Italy’s largest banking group, bought in a spot transaction for the first time. The bank purchased around €1 million ($1 million) worth of cryptocurrency, marking its deeper foray into the asset class. The purchase was made on Monday, with the bank acquiring 11 Bitcoins, according to Niccolò

Sigma Capital, an early-stage venture capital firm, has unveiled a $100 million fund focused on Web3 startups. The Dubai-based company is trying to capitalize on the United Arab Emirates (UAE)’s reputation as a crypto hub, according to an emailed announcement on Tuesday. The fund will focus on decentralized finance (DeFi), tokenization and blockchain infrastructure by

The demand in the United States for regulated crypto products is real. US SEC-approved options linked to BlackRock’s spot bitcoin (BTC) exchange-traded fund (IBIT), which debuted on November 19, are already nearly half the size of Deribit’s bitcoin options market , eight years old. As of Monday, there were 2.16 million open or active IBIT

The crypto industry has a new “unicorn” in digital asset bank Sygnum, which just closed a $58 million funding round. The Zug, Switzerland and Singapore-based lender has closed an oversubscribed “strategic growth round” led by BTC-focused venture capital firm Fulgar Ventures, according to an emailed announcement on Tuesday. The round gave Sygnum “unicorn” status, a

PK Press Club–Bitcoin rose Tuesday after a moderate performance in recent days, as investors cautiously awaited the U.S. inflation report to gauge the Federal Reserve’s interest rate outlook. rose 1% to $95,374.2 at 12:19 a.m. ET (05:19 GMT). The token had hit a session low of $89,664.8 on Monday, but dip buyers emerged and pushed

The pressing question on crypto traders’ minds is: has the Bitcoin (BTC) price weakness run its course, or is there more to come? The former appears to be the case since Monday’s price action, characterized by a rapid recovery from intraday lows, contrasted with mid-December, when the rally stalled and declined from higher record highs

Sony, the 78-year-old Japanese electronics giant, is the latest megacompany to explore blockchain technology. On Tuesday, the company announced the official launch of “Soneum,” a general-purpose blockchain platform. The team behind Sony Block Solutions Labs (SBSL), a joint project between Sony Group and Singapore-based Startale Labs, describes Soneuim – technically a layer 2 network on

As Bitcoin continues to grow and institutional investors pour over $20 billion into crypto ETFs, a fundamental shift is occurring in digital asset markets. The appointment of Paul Atkins as SEC chairman, known for favoring market-driven solutions over strict enforcement, has fueled optimism that crypto can finally balance innovation and regulation. But the crypto industry