Finance

Cryptocurrency exchange Coinbase partnered with financial platform Moov to bring stablecoin infrastructure to more than 1,000 community banks and credit unions that are part of Moov’s customer base. The partnership will combine Coinbase’s regulated digital asset infrastructure and Moov’s payments platform to offer stablecoin payment acceptance, settlement and real-time funding, according to a Thursday announcement. … Read more

Hunter Biden has denied profiting from his LAPTOP memecoin after its launch-day price crash, adding that neither he nor his team had sold tokens. Several X users accused the LAPTOP project of a “rug pull” after the memecoin lost more than 95% of its value in the first hour of trading on Wednesday. At the … Read more

Blockchain intelligence firm TRM Labs has doubled its valuation to $2 billion following an expansion of its Series C funding round led by Blockchain Capital. The company did not disclose the size of the latest investment but said its annual recurring revenue has quadrupled over the past three years, according to an announcement Wednesday. The … Read more

United States authorities restrained more than $52 million in crypto linked to Xinbi Guarantee and its vendor network as part of a coordinated operation against the scam marketplace.  On Wednesday, the US Justice Department said its Scam Center Strike Force seized two wallets used by Xinbi to collect vendor payments containing about $12 million. Law … Read more

U.S. Secretary of the Treasury Scott Bessent urged lawmakers to move forward with the crypto Clarity Act when they return from recess next week.  Writing on X Wednesday, Bessent said that the bill would stop “bad actors” from exploiting important digital asset tech.  Lawmakers were hoping a crucial vote on the long-awaited crypto market structure … Read more

Consensys Software Inc., the Ethereum software company behind MetaMask, plans to split into two independent companies, separating its consumer business from its institutional blockchain infrastructure operations. According to Wednesday’s announcement, the separation is expected to be completed by the end of 2026, with Joe Lubin serving as chairman and CEO of MetaMask and executive chairman of … Read more

Burger restaurant franchise Steak ‘n Shake has said that accepting bitcoin payments has helped the company grow.  Writing on its X account Tuesday, the Indianapolis, Indiana-based company said since accepting the largest cryptocurrency, it has achieved double-digit same-store sales growth.  It added: “And this quarter has been extraordinary, with franchise-partners same-store sales gaining 19%.” Ever … Read more

VerifiedX (verifiedx.io), the programmable financial operating system for Bitcoin and intelligent assets, today announced that its Foundation has launched a $15 million financing round and the first institutional investors have already invested. Initial capital will fund VerifiedX’s institutional Bitcoin distribution. Cantor Fitzgerald is serving as VerifiedX’s investment banking partner in connection with the financing. The … Read more

In an industry built on transparency and verifiability, newcomers might assume that crypto and blockchains leave very little room for mystery. They’d be completely wrong of course, because the murky world of digital assets is rife with underhanded dealings, unsolved enigmas and fortunes disappearing behind pseudonyms. From the identity of Bitcoin’s mystery creator to what … Read more