Business – Page 346 – PK Press Club

Harvard Cuts Bitcoin Exposure by 20%, Adds New Ether Position

Harvard University’s $56.9 billion endowment has made its first foray into the ether ETH$1,967.96 last quarter, even though it reduced its exposure to bitcoin BTC$68,422.73. According to an SEC filing, Harvard Management Company (HMC) purchased nearly 3.9 million shares of BlackRock’s iShares Ethereum Trust (ETHA), valued at approximately $86.8 million. The company also reduced its […]

Harvard Cuts Bitcoin Exposure by 20%, Adds New Ether Position Read More »

Bitcoin Drop Could Signal Wider Market Problems and US Recession, Says Mike McGlone

Business / Leave a Comment

Bloomberg Intelligence macro strategist Mike McGlone said Monday that the collapse in crypto prices could signal greater financial stress, warning that bitcoin could return toward $10,000 and potentially foreshadow the next U.S. recession. In an article on After climbing back to $70,841 at 07:00 UTC on February 15, from $65,395 late in the morning on

Bitcoin Drop Could Signal Wider Market Problems and US Recession, Says Mike McGlone Read More »

Animoca Brands overcomes major regulatory hurdle with new license in Dubai

Business / Leave a Comment

Digital asset venture capital firm Animoca Brands has obtained regulatory approval in Dubai. Animoca has obtained a Virtual Asset Service Provider (VASP) license from the Emirate regulatory authority for the digital assets sector, the company announced via email on Monday. The Hong Kong-based company, which gained approval in principle as a regulated fund manager in

Animoca Brands overcomes major regulatory hurdle with new license in Dubai Read More »

Hive, Riot Earnings Reports, FOMC Minutes: Crypto Week Ahead

Business / Leave a Comment

Hive Digital Technologies and Riot Platforms lead this week’s crypto earnings reports. Both data center operators have expanded their operations, adding high-performance computing for AI applications to their bitcoin mining operations. In macroeconomics, the Federal Reserve is expected to make headlines, with the minutes of the latest meeting of the Federal Open Market Committee to

Hive, Riot Earnings Reports, FOMC Minutes: Crypto Week Ahead Read More »

Metaplanet Operating Profit Jumps Nearly 1,700% as Bitcoin Revenue Generation Pays Off

Business / Leave a Comment

Metaplanet (3350), the largest bitcoin BTC$68,770.50 Japanese treasury company, full-year operating profit forecast will rise 81% this year after premiums from option writing rose 17-fold in 2025.The company, which owns 35,102 BTC, made an operating profit of 6.29 billion yen ($40.8 million) last year. Premiums on subscription options jumped to 7.98 billion yen from 691

Metaplanet Operating Profit Jumps Nearly 1,700% as Bitcoin Revenue Generation Pays Off Read More »

Ether stabilizes after $540 million sell-off as altcoins lag: Crypto Markets Today

Business / Leave a Comment

The cryptocurrency market remains under pressure on Monday despite US stock futures rising around 0.25% since midnight UTC. Bitcoin BTC$68,770.50 is trading at $68,710, after losing 0.1%. Altcoins such as HYPE, ZEC and XMR are down over 3%. Ether ETH$1,978.09 is one of Monday’s outliers, up 0.43% since midnight as it returns to $2,000 after

Ether stabilizes after $540 million sell-off as altcoins lag: Crypto Markets Today Read More »

Russia’s daily crypto turnover exceeds $650 million, says Finance Ministry

Business / Leave a Comment

The Russian Finance Ministry has estimated the country’s daily cryptocurrency turnover at 50 billion rubles, or about $650 million, with annual activity exceeding 10 trillion rubles, or about $130.5 billion. The figures were shared by Deputy Finance Minister Ivan Chebeskov at the Alfa Talk conference, highlighting the growing scale of unregulated crypto use in the

Russia’s daily crypto turnover exceeds $650 million, says Finance Ministry Read More »

Michael Saylor Strategy Claims It Can Survive Bitcoin (BTC) Price Drop to $8,000

Business / Leave a Comment

Bitcoin BTC$68,945.97 Treasury firm Strategy (MSTR) said it can weather a potential drop in the price of the largest cryptocurrency to $8,000 while still honoring its debt. “The strategy can withstand a drop in the BTC price to $8,000 while still having enough assets to fully cover our debt,” the Michael Saylor-led company said on

Michael Saylor Strategy Claims It Can Survive Bitcoin (BTC) Price Drop to $8,000 Read More »

Binance Co-Founder CZ Echoes Consensus Panelists on Lack of Privacy Blocking Crypto Adoption

Business / Leave a Comment

Binance co-founder Changpeng “CZ” Zhao warns that crypto’s lack of privacy is blocking its everyday adoption, echoing CoinDesk Consensus panelists from Hong Kong who called it a barrier to widespread institutional use. Full blockchain transparency is being touted as the ultimate middle finger to democratization by shady banks and Wall Street fat cats operating in

Binance Co-Founder CZ Echoes Consensus Panelists on Lack of Privacy Blocking Crypto Adoption Read More »

OKX Secures European Payments License for Expanding Stablecoins and Crypto Cards

Business / Leave a Comment

Cryptocurrency exchange OKX has been granted a payment institution (IP) license in Malta, in line with European Union regulatory requirements which will come into force in March. The license allows OKX to continue offering stablecoin-related payment services across the EU, in full compliance with the Markets in Crypto-Assets (MiCA) Regulation and the Second Payment Services

OKX Secures European Payments License for Expanding Stablecoins and Crypto Cards Read More »