The pressing question on crypto traders’ minds is: Has bitcoin’s (BTC) price weakness run its course, or is there more to come? The former appears to be the case as Monday’s price action, characterized by a swift recovery from intraday lows, contrasted with mid-December when the rally stalled and turned lower from record highs above … Read more
Sony, the 78-year-old Japanese electronics giant, is the latest legacy megacorp to explore blockchain technology. On Tuesday, the company announced that it is officially launching “Soneum,” a general-purpose blockchain platform. The team behind Sony Block Solutions Labs (SBSL), a joint project between Sony Group and Singapore-based Startale Labs, describes Soneuim — technically a layer-2 network … Read more
MoonPay, a crypto infrastructure service provider, has bought Helio, a Solana-powered crypto payment processor. According to Fox Business, the deal is reportedly worth $175 million. The Miami-based company aims to expand its trading and marketplace volume using Helio’s products. “This acquisition is an important step in advancing our vision for the future of payments,” said … Read more
Until recently, it was “green candle galore” in the crypto markets since Trump’s election win. Bitcoin momentarily broke the all-important $100,00 level, a near 500% recovery from the 2022 Crypto Winter lows, and optimism for crypto is even reaching Congress, where talks of a U.S. National Bitcoin Reserve are gaining serious steam. If stock market … Read more
The U.S. Securities and Exchange Commission must now thoroughly “explain itself” for refusing to grant Coinbase.’s formal request that the agency write regulations for how the industry should assess whether crypto assets are securities or not, according to a circuit-court ruling on Monday. A three-judge panel for the U.S. Court of Appeals for the Third … Read more
Tether, the crypto behemoth behind the $137 billion stablecoin USDT, is establishing headquarters for the group in bitcoin-friendly nation state El Salvador, the company said on Monday. The firm said the development came after acquiring all the necessary licensing as a stablecoin issuer in the country. The move will see Tether relocate incorporated subsidiaries to … Read more
Blockchain analytics company Chainalysis said Monday it had acquired fraud detection startup Alterya. The deal carried a price tag of $150 million, according to Business Insider. Chainalysis, the largest company tracing illicit crypto flows on behalf of financial institutions and governments, plans to bolster its scam-stopping capabilities with Alterya, CEO Jonathan Levin told CoinDesk. The … Read more
The Federal Deposit Insurance Corp. will soon be under new management, and the senior Republican there, Travis Hill, has outlined some pro-crypto policy thoughts just before he’ll take over – at least on a temporary basis, if not as the permanent new chairman. FDIC Vice Chairman Hill, who is expected to be among those in … Read more
JPMorgan Chase (JPM) CEO Jamie Dimon is nothing if not consistent when it comes to his views on Bitcoin (BTC). “Bitcoin itself has no intrinsic value,” he said in an interview with CBS News on Sunday. “It’s used heavily by sex traffickers, by money launderers, ransomware. So I just don’t feel great about Bitcoin.” Similar … Read more
As Bitcoin continues to rise and institutional investors pour over $20 billion into crypto ETFs, a fundamental shift is occurring in digital asset markets. The appointment of Paul Atkins as SEC Chair, known for favoring market-driven solutions over heavy-handed enforcement, has fueled optimism that crypto can finally balance innovation with regulation. But the crypto industry … Read more