World Liberty Financial, the crypto project backed by the family of U.S. President-elect Donald Trump, plans to acquire tron (TRX) tokens for its treasury, according to a person familiar with the matter. The prospective move would deepen World Liberty Financial’s close ties to the Tron empire. Its founder Justin Sun already advises Trump’s crypto project. … Read more
XRP, the third-largest cryptocurrency by market value, has replaced bitcoin (BTC) as the most-traded digital asset on Coinbase (COIN), the Nasdaq-listed cryptocurrency exchange that’s seen as a proxy for U.S. demand. Bitcoin retained its position as most-traded crypto asset on Binance, the largest exchange by volume, which is off-limits to U.S. investors. Volume trends are … Read more
Bitcoin (BTC) mining stocks tracked by JPMorgan have enjoyed a strong start to the year, with 12 of the 14 companies outperforming the world’s largest cryptocurrency in the first two weeks, the Wall Street bank said in a research report Thursday. The network hashrate has risen 2% month-to-date to an average of 793 exahashes per … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The crypto world is buzzing as President-elect Donald Trump’s inauguration nears. Bitcoin is holding above $100,000 and altcoins like SOL, ADA, LINK, XRP and LTC are shining as it’s not just about a potential strategic bitcoin reserve anymore. Reports suggest Trump could announce crypto as a … Read more
As federal agencies prepare for new executive leadership, an obscure ethics rule threatens to hamstring the incoming Trump administration’s ability to develop sound digital asset policy. Legal Advisory 22-04, issued by the Office of Government Ethics in 2022, has flown largely under the radar as part of the Biden administration’s restrictive approach to crypto. Yet its … Read more
Crypto’s chief political action committee has put money on its picks for the Florida congressional seats vacated by one of President-elect Donald Trump’s closest allies, Matt Gaetz, and the politician Trump tapped as a national security advisor, Michael Waltz. With an extremely tight majority in the House of Representatives, the replacement of the two Florida … Read more
Boerse Stuttgart Digital, a unit of stock exchange operator Boerse Stuttgart, said it was granted a crypto asset service provider (CASP) license by the German regulator BaFin allowing it to provide services across the European Union under the bloc’s Markets in Crypto Assets (MiCA) regulations. The company operates a brokerage and an exchange and intends … Read more
Crypto will become more deeply integrated into traditional finance (TradFi) through exchange-traded funds (ETFs) and corporate holdings this year, according to crypto-trading firm Wintermute. In addition, a large corporate event such as an acquisition or merger will be settled in stablecoins, the market maker and liquidity provider said in an annual review and outlook. Among … Read more
Digital Currency Group (DCG) and Soichoro “Michael” Moro, the former CEO of its now-defunct Genesis subsidiary, have agreed to pay a combined $38.5 million in civil penalties to settle securities fraud charges with the U.S. Securities and Exchange Commission (SEC). The crypto venture capital firm will bear the brunt of the financial penalty, paying $30 … Read more
Crypto exchange Crypto.com has received in-principle approval for a European Union (EU) Markets in Crypto Assets (MiCA) license from Malta’s Financial Services Authority, edging it closer to be able to operate fully across the trading bloc. The in-principle license means that the exchange is expected to receive its full CASP license soon, a Crypto.com spokesperson … Read more