Day: 25 July 2024

U.S. based Bitcoin Miner, Marathon Digital has announced that it has purchased $100,000,000 worth of $BTC and currently holds over 20,000 $BTC in its portfolio. According to a press release published on Thursday, July 25, 2024, the firm noted that it will implement a HODL approach towards its Bitcoin treasury ...

Coinbase's U.K. subsidiary, C.B. Payments Limited (CBPL), has been fined £3.5 million by the Financial Conduct Authority (FCA) for “repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers.” According to the FCA, despite a voluntary agreement with it to limit the onboarding of high-risk customers, ...

U.S. Republican Senator from Wymoing, Cynthia Lummis, is reportedly set to propose new legislation that would recognize Bitcoin as a mainstream financial asset.  According to a report from Fox Business, Lummis has been quietly drafting a bill that would require the Federal Reserve to hold Bitcoin as a strategic reserve ...

The Philippines' central bank, Bangko Sentral ng Pilipinas (BSP), is on track to launch its wholesale central bank digital currency (CBDC) by 2029. During a recent press briefing, BSP Deputy Governor Mamerto Tangonan announced that Project Agila, the central bank's wholesale CBDC initiative, is nearing the end of its proof-of-concept ...

Swiss digital asset bank Sygnum has revealed plans for expansion in the European Union and Asia following a profitable first half of 2024. The bank reported significant growth across its services, with crypto derivatives trading surging 500% and spot trading volumes seeing a two-fold rise compared to the same period ...

India's Narcotics Control Bureau (NCB) is intensifying its surveillance of cryptocurrency payments on the darknet as part of a broader strategy to combat drug trafficking.  During a Parliamentary session on July 24, Nityanand Rai, Minister of State for Home Affairs, outlined the country’s approach to curbing the import and inter-state ...