A recent analysis by Benchmark has challenged prevailing concerns that Strategy’s (STRC) preferred stock, a key instrument for the company’s bitcoin accumulation, resembles a “circular” Ponzi scheme. The firm’s preferred shares have become a significant funding mechanism for Strategy’s substantial…
Brazil’s central bank has issued new regulations that prohibit the use of cryptocurrencies in regulated cross-border payments. This measure is part of a comprehensive strategy by the Banco Central do Brasil to integrate international payment flows entirely within the country’s…
Exponent Finance, a decentralized finance protocol operating on the Solana blockchain, has secured $5 million in seed funding. The investment round was spearheaded by Multicoin Capital, with significant contributions from Solana Ventures, RockawayX, L1D, Prelude, and Theia Blockchain. The funding…
SBI Holdings, a prominent Japanese financial services group, is reportedly in discussions to acquire a significant stake in the cryptocurrency exchange operator Bitbank, with the ultimate goal of integrating it as a consolidated subsidiary. The preliminary talks, which include the…
Polymarket, a prominent prediction market platform, has announced a significant partnership with blockchain analytics firm Chainalysis. This collaboration aims to enhance the platform’s capabilities in detecting and preventing insider trading and other forms of market manipulation. The move comes at…
A South Korean court has granted a temporary suspension on a six-month business restriction placed on the cryptocurrency exchange Bithumb, pending the outcome of further legal proceedings. The Seoul Administrative Court’s 2nd Administrative Division approved Bithumb’s application to halt the…
MARA Holdings has announced a significant strategic acquisition, agreeing to purchase Long Ridge Energy & Power from FTAI Infrastructure for $1.5 billion. This transaction represents a pivotal shift for one of the prominent publicly traded bitcoin mining companies, as it…
Tether-backed wallet startup Oobit has introduced “Agent Cards,” virtual corporate expense cards designed to enable AI agents to conduct purchases directly using USDT balances. This innovation aims to facilitate autonomous transactions without requiring immediate human intervention for every approval, while…
The legislative push for comprehensive cryptocurrency market structure regulation is experiencing renewed momentum, with key figures in the Senate indicating a potential markup session could occur as early as mid-May. However, the path forward remains complicated by unresolved disputes over…
Gemini has achieved a significant regulatory milestone with the acquisition of a Derivatives Clearing Organization (DCO) license from the Commodity Futures Trading Commission (CFTC). This license empowers Gemini’s Olympus unit to function as an in-house clearinghouse for regulated derivatives trading,…