News BTS
Bitcoin and Ether options trading platform Deribit is reportedly working with a financial adviser to explore strategic acquisition opportunities. The platform has received acquisition offers from interested investors, a Bloomberg report noted. Deribit has hired Financial Technology Partners (FT Partners) to…
The Bank of England has announced the launch of the Digital Pound Lab, a new initiative to experiment with potential applications and technical frameworks for a central bank digital currency (CBDC). According to a recent report by the UK’s central bank,…
A Russian diamond mining firm employee has been jailed for sending crypto to the Ukrainian army. According to the Russian newspaper Izvestia, the unnamed individual was sent to a maximum security penal colony for “providing financial assistance to a Ukrainian terrorist…
The South Korean crypto exchange Bithumb has signed a banking partnership with Kookmin (KB), one of the biggest financial providers in the country. Experts say the deal represents a “tectonic shift” in the domestic traditional finance and crypto sectors. Whereas South…
JPMorgan CEO Jamie Dimon has criticized Bitcoin again, claiming it has no intrinsic value and is often misused by bad actors. He also compared Bitcoin to smoking, saying people may have the right to do it, but that doesn’t make it…
New Hampshire and North Dakota have introduced legislation to establish strategic Bitcoin reserves, marking a growing trend among U.S. states to diversify their treasuries with cryptocurrency. In New Hampshire, the bill was introduced by Representative Keith Ammon, a Republican from the…
Bison, a cryptocurrency trading platform owned by the Boerse Stuttgart Group, announced on Jan. 13 that Deutsche Bank has become its banking partner. This collaboration aligns with Bison’s multi-banking strategy and enables Deutsche Bank to safeguard the euro balances of Bison’s…
Bitcoin miners have reported a rising hashrate, a development that reflects growing confidence in BTC’s future value despite ongoing market uncertainties. The term “hashrate” refers to the computational power used to secure the Bitcoin network by solving complex mathematical problems. The…
Block Inc., a financial services and digital payments company, could become the first S&P 500-listed firm with an explicit Bitcoin strategy, according to Matthew Sigel, VanEck’s head of digital assets research. Sigel shared his analysis on January 9, noting that Block…
Banca Intesa Sanpaolo, Italy’s largest bank by assets, purchased 11 Bitcoins on Monday, worth €1 million ($1.02 million). According to a Wired Italia report, this marks the first time in Italy, a credit institution concluded a direct crypto transaction. Some employees…
Sygnum, a crypto bank based in Switzerland and Singapore, has secured $58 million in an oversubscribed strategic growth funding round, propelling its valuation past the $1 billion mark and earning it the prestigious Unicorn status. The cornerstone investor for the round’s…
Russia has “started” selling the Bitcoin it seized during a 2023 probe into the Infraud hacker group. The move suggests Moscow hopes to trade over BTC 1,000 for fiat. Per the Russian state-run news agency TASS, the Russian Treasury has “begun…