Business

Australia could unlock A$24 billion in digital finance gains, says OKX report

Business / Leave a Comment

Australia has just 26 million people, but OKX is betting the country could become one of the most important digital financial markets in the developed world if policymakers act fast enough. A new bourse-backed report estimates Australia could unlock A$24 billion ($17 billion) in annual economic gains from marketplaces, payments and tokenized assets, provided lawmakers […]

Australia could unlock A$24 billion in digital finance gains, says OKX report Read More »

US Senate Housing Bill Includes Ban on CBDCs

Business / Leave a Comment

The Senate Banking, Housing and Urban Development Committee included a provision temporarily banning the Federal Reserve from issuing a central bank digital currency in its bipartisan bill aimed at boosting U.S. housing. The “21st Century ROAD to Housing Act,” introduced Monday by Committee Chairman Tim Scott and Ranking Member Elizabeth Warren, the committee’s ranking Republicans

US Senate Housing Bill Includes Ban on CBDCs Read More »

Michael Saylor’s MSTR added 3,015 BTC for $204.1 million

Business / Leave a Comment

Strategy (MSTR), the largest publicly traded company holding Bitcoin, expanded its position last week by acquiring 3,015 BTC for approximately $204.1 million, an average price of $67,700 each. Bitcoin is trading at $66,000 as of Monday morning, with MSTR shares flat in early action. To fund the purchases, Strategy raised approximately $229.9 million through the

Michael Saylor’s MSTR added 3,015 BTC for $204.1 million Read More »

Japanese payments company PayPay, partial owner of Binance Japan, seeks $1.1 billion IPO

Business / Leave a Comment

PayPay, a SoftBank Corp-backed payments company that owns a 40% stake in Binance Japan, is seeking to raise up to $1.1 billion in a U.S. IPO, Reuters reported on Monday. The Tokyo-based company and a selling shareholder plan to offer 55 million American depositary shares priced between $17 and $20 each, according to the report.

Japanese payments company PayPay, partial owner of Binance Japan, seeks $1.1 billion IPO Read More »

Core Scientific falls after disappointing fourth quarter results

Business / Leave a Comment

Core Scientific (CORZ), a Bitcoin mining and digital infrastructure company, reported fourth-quarter revenue of $79.8 million for the period ended Dec. 31, up from $94.93 million a year earlier. The consensus was for revenue of $122.08 million, according to LSEG data. The company reported a loss of $0.42 per share, compared to an expected loss

Core Scientific falls after disappointing fourth quarter results Read More »

Iranian crypto outflows jumped 700% minutes after airstrikes, says Elliptic

Business / Leave a Comment

Crypto outflows from Iran’s largest exchange jumped 700% minutes after the first US-Israeli airstrikes on Tehran, blockchain analytics firm Elliptic said in a blog post on Monday. Elliptic said trading volumes flowing out of Nobitex increased almost immediately after the strikes, suggesting a rush to offshore funds. Initial blockchain tracing indicates that the crypto was

Iranian crypto outflows jumped 700% minutes after airstrikes, says Elliptic Read More »

Qivalis in talks with crypto exchanges ahead of Euro stablecoin launch

Business / Leave a Comment

Qivalis, the group of European Union banks developing a MiCA-compliant euro stablecoin, is in advanced discussions with crypto exchanges, market makers and liquidity providers as it prepares to roll it out in the second half of this year, Spanish business daily Cinco Días reported on Monday. The group, which includes ING, UniCredit, BNP Paribas, CaixaBank

Qivalis in talks with crypto exchanges ahead of Euro stablecoin launch Read More »

BTC’s jump to $69,000 is likely the result of short covering

Business / Leave a Comment

After falling over the weekend as the United States began its strikes against Iran, bitcoin BTC$69,062.02 climbed on Monday, at one point approaching $70,000 before falling back to the current $69,000. Although any rebound in bitcoin is welcomed by bulls, today’s move comes after a relentless, months-long decline that halved the price and weighed on

BTC’s jump to $69,000 is likely the result of short covering Read More »

Vitalik Buterin unveils plan to curb centralization of block builders

Business / Leave a Comment

Vitalik Buterin turns his attention to a part of Ethereum that most users never think about, but which has quietly become one of its biggest pressure points: who decides which transactions go into a block. In a new blog post published Monday, the Ethereum co-founder outlines a series of ideas aimed at preventing block construction,

Vitalik Buterin unveils plan to curb centralization of block builders Read More »

Scroll to Top