This week’s top stories in the crypto world highlight significant developments. Arthur Hayes, co-founder of BitMEX, suggests that tariffs imposed by the Trump administration could boost Bitcoin’s value by disrupting the global economy and weakening the US dollar. In another exciting event, SpaceX successfully launched its first crewed mission to orbit the Earth’s poles, financially ...
Bitwise Asset Management’s latest memo, “The Great Derisking of Bitcoin,” presents a strong case for investing in Bitcoin now, according to Chief Investment Officer Matt Hougan. He reflects on Bitcoin’s journey since 2011, noting significant hurdles like security, regulatory concerns, and technology challenges that the cryptocurrency has successfully overcome. Hougan highlights a recent key development: ...
A Texas lawmaker has introduced a bill that would limit how much local and state authorities can invest in cryptocurrencies as reserve assets. Proposed by Representative Ron Reynolds, the bill aims to restrict the state’s Economic Stabilization Fund, also known as the “rainy day” fund, to a maximum investment of $250 million in Bitcoin and ...
Singapore Exchange (SGX) is set to launch Bitcoin perpetual futures for professional and institutional investors in the latter half of 2025, as reported by Bloomberg. This move aims to broaden institutional access to cryptocurrency trading. SGX, which holds a robust Aa2 credit rating from Moody’s, is focused on providing a reliable platform for trading Bitcoin ...
On February 27, 2025, a significant article explores the use of cryptocurrencies in China, particularly how it facilitates the movement of billions in and out of the country. The story highlights the recent arrest of Li Bi in Shandong province, suspected of running an underground banking operation. Authorities discovered she was connected to over 17 ...
El Salvador has stopped its daily Bitcoin purchases, with the last recorded buy on February 17. This pause comes after the country secured a $1.4 billion loan deal with the International Monetary Fund (IMF). As part of the agreement, El Salvador is required to reduce its Bitcoin activities, making the acceptance of Bitcoin optional for ...
Hong Kong has taken a significant step by officially recognizing Bitcoin and Ethereum as valid forms of proof for investment immigration applications. This change highlights the region’s growing acceptance of digital assets within its financial system. Recent reports indicate that at least two applicants successfully used these cryptocurrencies to meet the required asset threshold of ...
Tether, the stablecoin issuer, reported a staggering $13 billion in profits for 2024, putting it in the same financial league as Goldman Sachs. Unlike many firms, Tether does not publish audited financial statements, which has raised eyebrows among regulators and industry experts. In the last quarter of 2024, Tether issued over $23 billion in its ...
KuCoin, a major cryptocurrency exchange, has faced significant legal troubles after its operator, PEKEN Global Limited, pleaded guilty to running an unlicensed money-transmitting business. The company agreed to pay $297 million in penalties due to failure in anti-money laundering practices that allowed criminals to launder large sums. The U.S. Department of Justice highlighted that KuCoin ...
North Dakota lawmakers are discussing House Bill 1447, which aims to protect residents from cryptocurrency scams as the number of fraud reports rises. The bill proposes new regulations for crypto kiosks, including daily withdrawal limits of $1,000, fraud warnings, and fee caps of $5 or 3% of the transaction, whichever is higher. Supporters argue these ...
