Tag: Cryptocurrency

SEC Approves Tokenized Stocks Despite Clarity Act Stall

The SEC has approved a five-year Innovation Exemption allowing platforms to facilitate tokenized stock trading on the blockchain, moving forward despite the failure of the Clarity Act in Congress.

Bitcoin Stabilizes Following Federal Reserve Rate Hike

Bitcoin prices stabilized after an expected Federal Reserve rate hike by the U.S. central bank, lifting the benchmark rate to between 3.75% and 4% amid ongoing inflation concerns.

Deutsche Bank Launches Bitcoin Custody Service for Institutions

Deutsche Bank announced plans to launch a bitcoin custody service for institutional and corporate clients in Europe before the end of the year, joining a growing trend among major global financial institutions.

Lummis Thanks Trump Over Ethics Pact as Clarity Act Faces Vote

Senator Cynthia Lummis thanked President Donald Trump for accepting strict ethics restrictions to help secure passage for the upcoming Clarity Act vote, which aims to establish a clear regulatory framework for digital assets.

Mastermind of $245M Cryptocurrency Heist Enters Guilty Plea

Malone Lam, a 22-year-old Singapore native living in Miami, has pleaded guilty to masterminding an international cybercrime ring that stole $245 million in cryptocurrency to fund an extravagant lifestyle.

Nasdaq Reportedly Invests $100 Million in Kraken’s Parent Firm

Nasdaq is reportedly investing $100 million in Payward, the parent company of cryptocurrency exchange Kraken, in a deal valuing the firm at $21 billion to develop tokenized equities infrastructure.
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Bitget Users Pull 4,000+ Bitcoins in Hour After $388M Hack

Bitget users withdrew over 4,000 bitcoins worth more than $334 million within one hour after the exchange reopened withdrawals following a $388 million hack attributed to North Korean cyberattack groups.

Bitwise Research Chief: Sovereign Wealth Turning From Gold to Bitcoin

Bitwise research chief Ryan Rasmussen reveals that major institutions like sovereign wealth funds and pensions did not liquidate their Bitcoin holdings during a recent price drop, choosing instead to accumulate more as a hedge against currency debasement.

Belarus Grants Approval to Nation’s Initial Crypto Banks

Bitcoin Magazine Belarus Approves the Country’s First Crypto Banks: Report  Belarus earlier this year signed a legal framework for crypto banks in the country. This post Belarus Approves the Country’s First Crypto Banks: Report  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

UK Chancellor Critiques Nigel Farage Over Bitcoin Account

UK Chancellor John Healey criticized Reform Party leader Nigel Farage during a speech, comparing him to Liz Truss with a Bitcoin account while discussing economic policies and political donations.

Citi and Coinbase Team Up on Corporate Stablecoin Solutions

Citigroup and Coinbase have partnered on a blockchain initiative to provide corporate stablecoin solutions, enabling institutional clients to easily transition between traditional fiat currency and digital assets without managing separate architectures.