Bitcoin’s (BTC) price traded 9.5% above its Jan. 1 open of $87,500, and traders were confident that BTC’s short-term “trend is up” as the price approached a key level of interest. Key takeaways: Bitcoin price consolidates around $95,000 as bulls face a major barrier ahead. Technical analysis shows an ascending triangle targeting $113,200 BTC price. … Read more
Belarus has introduced a legal framework for so-called “cryptobanks,” formally integrating digital asset activity into the country’s regulated banking system under direct state oversight. On Friday, Belarusian President Alexander Lukashenko signed Decree No. 19, defining how crypto banks may operate and what conditions they must meet to enter the market. The decree positions cryptobanks as … Read more
Google is rolling out updated crypto app requirements in South Korea, a move that may significantly restrict access to offshore crypto exchanges by tying app availability to local regulatory clearance. According to South Korean media outlet News1, starting Jan. 28, crypto exchange and wallet apps listed on Google Play in South Korea must upload documentation … Read more
Polygon Labs has cut personnel as it pivots more aggressively to a payments-first strategy built around stablecoin rails and what it calls an “Open Money Stack,” a new, vertically integrated set of services designed to move money onchain. The layoffs came just days after announcing a deal worth as much as $250 million to acquire … Read more
KBC, one of Belgium’s largest banks, is set to roll out Bitcoin and Ether trading to retail investors next month via its own custodial solution and investment platform. From Feb. 16, KBC customers will be able to buy and sell crypto assets through the online investment platform Bolero, the bank announced Thursday. “This will enable … Read more
Global bank messaging network SWIFT has tested Societe Generale’s euro-pegged stablecoin as part of a collaboration aimed at improving interoperability between traditional financial systems and blockchain-based assets. Societe Generale’s digital asset subsidiary, SG-Forge, on Thursday announced it successfully completed the exchange and settlement of tokenized bonds in both fiat and digital currencies. The collaboration involved … Read more
The NCAA wants the CFTC to tighten rules on college sport prediction markets, including age and advertising restrictions and anti-harassment measures. The National Collegiate Athletic Association (NCAA) has called on the Commodity Futures Trading Commission to suspend college sports prediction markets until rules are implemented to protect student athletes. NCAA president Charlie Baker asked CFTC … Read more
Multinational banking giant State Street has launched an institutional digital asset platform, aimed at helping businesses navigate the sector and launch a range of crypto products. State Street said on Thursday its platform aims to bridge traditional assets to crypto via tokenization and will support the creation of tokenized money market funds, exchange-traded funds, as … Read more
US homebuilder Megatel Homes is set to launch a crypto rewards platform after receiving a Securities and Exchange Commission “no-action” letter. Megatel said on Thursday that the platform, dubbed MegPrime, would give users rewards for using “MP Tokens,” such as using them to pay their rent to earn back tokens that can be used for … Read more
Electronic brokerage giant Interactive Brokers has expanded its crypto offering, allowing clients to fund their accounts using stablecoins. Interactive Brokers said on Thursday that it inked a collaboration with stablecoin infrastructure provider zerohash to allow clients to fund their accounts with USDC (USDC) on the Ethereum, Solana, or Base blockchains. It added that deposited stablecoins … Read more