Asset Manager 3iQ To Manage Bhutan’s Bitcoin Reserves

Canadian digital asset manager 3iQ Corp. will work to manage some of the Bitcoin reserves of Bhutan’s Gelephu Mindfulness City project.  3iQ, Canada’s biggest and oldest digital asset fund manager, will not only manage the 10,000 Bitcoins pledged to build the new region, but also invest in local talent and establish a long-term physical presence … Read more

AI Bust Could Send Bitcoin Above $1M, Arthur Hayes says

BitMEX co-founder Arthur Hayes said the debt-fueled artificial intelligence infrastructure boom could end in a 2008-style credit crisis and predicted the resulting government liquidity response could drive Bitcoin (BTC) to $1 million or higher.  In a Tuesday blog post, Hayes said investors have mistakenly treated spending on data centers and power infrastructure as high-growth technology … Read more

Bybit Secures Austrian E-Money License for EU Payments

Bybit’s European payments subsidiary has secured an electronic money institution license in Austria, providing the exchange with a regulatory basis to add payment and e-money services to its regional platform.  On Tuesday, Bybit said Bybit Payments GmbH received the license from Austria’s Financial Market Authority. The authorization provides a legal basis for future payment capabilities, … Read more