The Middle East has a chance to become “the Switzerland of the 21st century” by adopting bitcoin-backed banking, credit and digital currency, said Michael Saylor, executive chairman of Strategy (MSTR). In a high-profile presentation at Bitcoin MENA, Saylor urged the region to seize what he described as a $200 trillion opportunity by allowing banks to […]
Michael Saylor presents Bitcoin (BTC) in the Middle East Read More »
Bitwise’s crypto fund just became the second crypto index to begin trading, allowing individual traders and institutions to access multiple cryptocurrencies in a single investment vehicle. . The Bitwise 10 Crypto Index Fund (BITW), a $1.25 billion vehicle that tracks the 10 largest digital assets, received approval from the U.S. Securities and Exchange Commission (SEC)
Bitwise’s BITW Obtains SEC Approval, Expanding US Crypto Index ETP Market Read More »
The U.S. district judge sentencing Terraform Labs founder Do Kwon for defrauding investors asked for answers to a number of questions ahead of Thursday’s hearing, court documents show. Southern District of New York Judge Paul A. Engelmayer asked six questions, including whether Kwon’s victims will have their day in court and whether he will be
US judge presses Do Kwon case before sentencing, cites lack of ‘confidence’ Read More »
Tempo, a payments-focused blockchain backed by Stripe and crypto investment firm Paradigm, has launched its public testnet, a key step in its efforts to make stablecoin payments for mainstream use. Tempo also revealed a list of new additions to the network’s group of partners, including buy-now company Klarna, forecasting marketplace Kalshi, payments giant Mastercard and
The U.S. Commodity Futures Trading Commission is poised to become the primary regulator of the cryptocurrency market and businesses, if pending legislation before Congress becomes law. And earlier this year, Brian Quintenz, former CFTC commissioner and head of crypto policy at Andreessen Horowitz, appeared poised to take over that agency, putting the pro-crypto policymaker at
Most influential: Cameron and Tyler Winklevoss Read More »
Exodus (EXOD), a longtime provider of self-custodial crypto wallets, is expanding into digital payments with a new product called Exodus Pay. Launching in early 2026, the service is designed to allow users to hold, spend and send stablecoins from a single application, without giving up control of their assets, Exodus announced on Tuesday. Users will
The eldest son of Malaysia’s king today unveiled a local currency-backed stablecoin designed for cross-border trade and to attract foreign investment to the Asia-Pacific region, according to an official statement. Ismail Ibrahim, owner of telecommunications company Bullish Aim Sdn, is behind the deployment of the stablecoin called RMJDT, which is pegged to the Malaysian ringgit.
Malaysia Launches Ringgit Stablecoin as Crypto Adoption in APAC Rises Read More »
IREN (IREN), a Bitcoin miner, completed a refinancing combining a $2.3 billion senior convertible note offering with a $544.3 million repurchase of existing convertible notes. The new issuance includes $1 billion of 0.25% notes due 2032, $1 billion of 1% notes due 2033 and a fully exercised $300 million greenshoe to meet excess demand. IREN
Bitcoin (BTC) Miner Completes Convertible Note Offering and $2.3 Billion Refinancing Read More »
By Omkar Godbole (All times ET unless otherwise noted) The crypto market lacks clear direction. Bitcoin BTC$90,594.80 is still in its boring range between $90,000 and $95,000, and there is little joy in the market as a whole, as evidenced by the decline of more than 2% in the CoinDesk 20 (CD20) and CoinDesk 80
The crypto market fell on Tuesday, losing momentum earlier in the week and eroding gains. Bitcoin BTC$90,315.51 is currently trading at $90,150, down from Monday’s high of $92,350. The CoinDesk 20 Index (CD20) lost 2.1% in 24 hours, with all members falling. The price action reflects last week’s performance, when bitcoin rose from $86,300 to
Bitcoin Pulls Back as Federal Reserve Decision Takes Center Stage Read More »
