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Crypto News
BlackRock’s Subtle Advantage in Strategy’s Bitcoin Pivot
Summary
BlackRock's 5% position ties it to Strategy's $46.4 billion Bitcoin holdings.
The strategy's $2 billion note enhances Bitcoin purchases, in line with BlackRock's crypto…
Hester Pierce Offers Clarification on ETP Staking but US Senators Dispute SEC’s Approach
Summary
US lawmakers are pressing the SEC to explain its stance on crypto staking in ETPs.
Hester Pierce, the SEC commissioner, has pledged more clarity for the cryptocurrency…
Canada’s OSFI Updates Bank Crypto Risk Standards as Use Rises
As cryptocurrency popularity grows in Canada, the OSFI has issued new recommendations to assist banks in managing their risk.
Summary
• The framework requires banks with little exposure to…
South Korean Tax Service Is Investigating Upbit and Small Coin Issuers
According to reports, the body that handles matters relating to "overseas tax evasion" is also investigating the market-leading cryptocurrency exchange.
Summary
• The South Korean National…
ByBit Criminals Ho Kai Xin Gets Nearly Decade For Massive Scheme
ByBit's payroll fraud case exemplifies the dangers of unrestricted financial access, as a single employee altered records to take millions unnoticed. With a substantial prison term handed…
Microsoft Revealed a Quantum Chip Powered by a “New State of Matter”
Microsoft's Majorana 1 processor employs topological superconductivity to possibly scale quantum computing to one million qubits.
Summary
• Microsoft has introduced Majorana 1, a quantum…
Hong Kong Boosts Crypto and AI to Lead Fintech
Hong Kong is actively luring investors with strategic incentives as it strives to establish itself as a worldwide leader in digital finance, notably through the integration of…
FTX Users Get Payouts Under $50K
FTX customers who have submitted claims under $50,000 are now receiving their funds.
Summary
• FTX users with claims under $50,000 are now receiving their funds.
• Kraken and BitGo,…
Wintermute Opens New York Office for OTC and Derivatives Expansion
Wintermute CEO Evgeny Gaevoy says the company aims to expand in the United States with a new New York office, banking on pro-crypto legislation under the Trump administration.
Summary
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Animoca Brands, Standard Chartered, and HKT Launch HKD Stablecoin
Standard Chartered Bank Hong Kong, Animoca Brands, and HKT are partnering to produce a Hong Kong dollar-backed stablecoin.
Summary
Industry leaders are working with regulators on…
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