Strategy (MSTR) unveiled a new digital credit capital framework on Monday, introducing a series of capital management initiatives designed to strengthen its preferred securities, preserve long-term exposure to bitcoin and improve balance sheet flexibility. The Company has already adopted a board-approved U.S. dollar reserve policy and increased the annual dividend rate of its Series A […]
IRACE is not the only one to bet that institutions want fewer service providers and a more integrated infrastructure. In April, SoFi unveiled Big Business Banking, a platform that allows businesses to manage fiat and crypto banking through a single regulated bank. The service has signed up major digital asset companies including CoinDesk parent Bullish
FundBank rebrands as IRACE and buys Cayman-based Tenet to expand digital asset services Read More »
Bitcoin BTC$60,006.96 is currently trading below $60,000, putting it in “no man’s land,” an area where the price sits between the chain’s major support and resistance levels. BTC failed to reclaim several important technical and on-chain thresholds, so the path of least resistance appears to remain to the downside. Several key valuation indicators are now
Bitcoin remains below key on-chain and technical levels, leaving it in no man’s land Read More »
The locked-in capital required for a MiCA spot license is relatively low, between 50,000 euros ($57,000) and 150,000 euros per class, according to Patrick Gruhn, founder and CEO of Perpetuals.com Ltd. (PDC). What gets expensive is the license itself, which can reach 700,000 euros the first year and 250,000 euros the following year for a
Crypto market participants enter July with a critical shift in Europe as the MiCA framework transition period expires. Exchanges are now competing to attract Binance users in the region after the company failed to secure a license. On top of that, investors will see the new products unveiled by Robinhood, during an event where CEO
Shortly after taking over as chairman of the Federal Reserve, Kevin M. Warsh wrote to the central bank’s more than 20,000 employees to explain how he planned to run an institution that he had long argued needed an overhaul. In a June 2 letter seen by the New York Times, Mr. Warsh pledged to foster
How Warsh started to change the Fed Read More »
Foreign exchange nightmare Crypto was meant to be an alternative to fiat, especially the dollar. Stablecoins do the opposite and thus accelerate dollarization, the BIS said. The report revealed increasing flows of non-dollar currencies into stablecoins pegged to the US dollar, and said these flows can weaken national currencies in the spot market. They also
BIS says stablecoins are more like ETFs than real money Read More »
Bitcoin in Bear Flag Near Yearly Low: Live Levels
Bitcoin in Bear Flag Near Yearly Low: Live Levels Read More »
BitMEX, the struggling cryptocurrency exchange reportedly looking for a buyer, has gutted its management team, removing chief executive officer Stephan Lutz, chief financial officer Ina Steiner and chief growth officer Raphael Polansky, CoinDesk has learned. The company’s former global general counsel and chief operating officer, Peter Wilkinson, took over as CEO. These measures have been
Crypto exchange BitMEX removes CEO, CFO and head of growth Read More »
SK Hynix has become the dominant supplier of these chips, a position that this month made it South Korea’s most valuable listed company, overtaking Samsung for the first time in 25 years. The two companies together supply most of the world’s HBMs and have supply agreements with Nvidia and OpenAI. Such spending poses a hurdle
