The Federal Reserve has relaxed its previous rules regarding banks’ involvement with cryptocurrencies and stablecoins. This move, in line with similar decisions by the FDIC and the Office of the Comptroller of the Currency, allows banks to engage in crypto activities without prior notice to the Fed. The Fed aims to ensure its expectations align ...
Ruya, a digital bank in the UAE, is pioneering the offer of Bitcoin and other cryptocurrencies through its mobile app, making it the first Islamic bank to provide Shari’ah-compliant crypto investments. Partnering with Fuze, a licensed digital asset provider, Ruya ensures that all crypto transactions align with Islamic finance principles, promoting ethical investing and transparency. ...
Semler Scientific, a US medical technology company, is increasing its Bitcoin holdings, now totaling over 3,300 BTC. Recently, the company acquired an additional 111 BTC for $10 million, emphasizing that they are just beginning their Bitcoin investment journey. Since adopting Bitcoin as its main reserve asset in May 2024, Semler’s average purchase price for BTC ...
Cryptocurrency firms are increasingly blending traditional investment options with digital assets, signaling a stronger connection between traditional finance and the crypto world. Gracy Chen, CEO of Bitget, noted that the growing demand for flexibility in investment products is driving this trend. For instance, Securitize has teamed up with Mantle to create an institutional fund that ...
The article compares Bitcoin and gold mining, emphasizing their differences and similarities in economic structures. As Bitcoin mining gains momentum, with hashrates reaching new highs, miners are diversifying into areas like data centers and high-performance computing to ensure stable revenues. The cost to produce Bitcoin has risen significantly, yet operations remain profitable amidst high Market ...
Citigroup predicts that regulatory changes could boost the adoption of stablecoins and blockchain technology significantly by 2025. In a recent report, analysts suggest that 2025 may be a pivotal year for blockchain in the finance and public sectors, akin to the impact of ChatGPT. They anticipate that the stablecoin Market could reach a Market cap ...
According to Citigroup, regulatory changes could significantly boost the adoption of stablecoins and blockchain technology by 2025, likening it to a transformative moment for the industry. Their report suggests that with more regulatory clarity and support from financial institutions, the stablecoin Market could reach a value between $1.6 trillion to $3.7 trillion by 2030. Citigroup ...
The FLK token is a utility asset within the Fleek platform, offering various benefits for developers, creators, social agents, and brands. By staking FLK, users can access service credits, earn ongoing yields, and unlock premium features that enhance visibility and monetization opportunities. The platform also rewards node operators who help maintain network integrity, while companies ...
New Hampshire is making strides towards investing state funds in digital assets, including cryptocurrencies and precious metals. The proposed House Bill 302 recently passed a Senate committee with a 4-1 vote and is set for a full Senate vote. If approved, the bill will allow the state to invest 10% of its general funds in ...
Asian investment firms are increasingly investing in Bitcoin, with Japan’s Metaplanet and Hong Kong’s HK Asia Holdings at the forefront. Metaplanet recently acquired an additional 145 Bitcoin, bringing its total to 5,000, and aims for 10,000 by the end of 2025. The company’s aggressive strategy has seen its stock surge over 3,000%. Meanwhile, HK Asia ...
