Finance

Visa and Dunamu, the parent company of South Korean cryptocurrency exchange Upbit, have formed a strategic partnership to explore stablecoin payments, cross-border remittances and artificial intelligence-powered commerce. The companies will combine Dunamu’s digital asset technology with Visa’s global payments network to explore payment, remittance and settlement services in major markets, according to a Friday announcement … Read more

Bitcoin again closed in on the $81,000 mark on Thursday before dropping again as its stellar week continued.  The leading cryptocurrency was recently trading for $80,236 after notching as high as $80,793 earlier in the day in New York.  Bitcoin is now up more than 2% over the past day after gaining 10% in a … Read more

Virtu Financial, M1X Global and Tradeweb completed an onchain repo transaction using a sovereign digital bond as collateral, with the full transaction settling on the Canton Network. The transaction used USDM1, a US dollar-denominated sovereign bond issued onchain by the Republic of the Marshall Islands and backed 1:1 by short-term US Treasurys. The bond pays … Read more

Japan Bitcoin Industry Co., Ltd. has debuted a self-custodial Bitcoin payments platform designed to help Japanese companies sell to international fans who are often shut out by traditional payment systems. Using this week’s Bitcoin Asia conference in Hong Kong to introduce the product, JPI dropped Aurora — aiming to reach an audience that could not … Read more

Genius Group has announced a new plan to buy bitcoin — just months after selling its entire stash.  The NYSE-listed AI-powered education company said in a Thursday statement that it was aiming to build parallel AI and bitcoin treasuries worth a combined $1.6 billion, with total company assets targeted at $2 billion by fiscal year … Read more

Bitcoin (BTC) rebounded toward $81,000 around Thursday’s Wall Street open as Nvidia earnings boosted US stocks. Key points: Bitcoin reclaims $80,000 as $96.2 billion Nvidia earnings provide a boost to crypto and US equities. Expectations are running high ahead of Fed chair Kevin Warsh’s keynote speech at the Jackson Hole economic symposium on Friday. Bitcoin … Read more

Ripple Prime, Ripple’s multi-asset prime brokerage business, launched a Delta One service for institutional investors, expanding into US equity derivatives. The offering allows clients to execute total return swaps linked to US-listed equities, indexes and digital assets, Ripple said in a Thursday announcement. Total return swaps provide exposure to an asset’s returns without requiring ownership … Read more

Bitcoin exchange-traded funds have continued their winning streak, attracting billions of dollars in new investment over the past week.  U.S. investors have thrown $2.56 billion since last Monday, according to Farside Investors data, helping push the leading cryptocurrency’s price higher.  And this week alone, nearly $652 million in fresh cash has hit the products managed … Read more

US-listed spot Bitcoin exchange-traded funds (ETFs) drew $232.1 million in net inflows on Wednesday, slowing from the previous day while extending their inflow streak to eight trading days. The latest inflow was down about 26% from Tuesday’s $314.4 million and marked the smallest daily total since Aug. 18, according to SoSoValue data. The eight-session streak … Read more