Crusoe Energy, a company that repurposes waste gas from oil production to power high-performance computing, is shifting its focus towards artificial intelligence by exiting the Bitcoin mining sector. On March 25, the company announced plans to sell its Bitcoin...
Custodia Bank and Vantage Bank have made history by issuing America’s first bank-backed stablecoin on a permissionless blockchain. This milestone marks the first instance of a U.S. bank tokenizing demand deposits, enabling seamless transactions using Avit™ stablecoins, according to...
BlackRock is making a major move into the European crypto market with its first Bitcoin exchange-traded product (ETP). Trading under the ticker IB1T on Xetra and Euronext Paris, and BTCN on Euronext Amsterdam, the launch represents a significant step...
Analysts at New York Digital Investment Group (NYDIG) have suggested that tokenizing U.S. gold reserves on a blockchain, despite being centralized, could ultimately benefit Bitcoin. In the Group’s latest research update, Greg Cipolaro, NYDIG’s global head of research, explained...
The Philippines' largest digital wallet, GCash, has added support for Circle’s flagship stablecoin product, USDC. The development increases the number of digital assets the platform supports through its crypto division, GCrypto, to 39. The addition of USDC support means...
According to a recent report by 10x Market Updates, Bitcoin may be forming a bottom after declining prices. Key technical indicators are starting to align for a potential recovery, spurred by positive macroeconomic developments and changing political rhetoric. Although...
Metaplanet has expanded its Bitcoin treasury by acquiring an additional 150 BTC at an average price of ¥12.57 million (approximately 80,000 per BTC), bringing the total investment to ¥1.886 billion (around 12.1 million). According to the company’s official statement...
Hong Kong-based digital asset company IDA Finance has teamed up with Japanese banking group Progmat and other blockchain firms to develop a stablecoin-powered remittance service connecting Hong Kong and Japan. According to a press release, IDA and Progmat, alongside...
Japanese investment firm Metaplanet has announced the formation of a new advisory board as part of its strategic expansion into the Bitcoin space, with Eric Trump named as its first member. The company aims to strengthen its position as...
Robert Mitchnick, BlackRock's head of digital assets, suggested in a Yahoo Finance interview on March 19 that a U.S. recession could boost Bitcoin adoption. He highlighted that Bitcoin's decentralized and inflation-resistant properties may increase demand during economic downturns, especially...
