News BTS
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…
Abkhazia crypto miners are once again blamed for the de facto state’s ongoing energy crisis, with officials claiming that emergency Russian electricity supplies are running low. The crisis, the South Caucus republic claimed, could come to a head next month as…
Tether, the company behind the world’s largest stablecoin USDT, has announced its decision to relocate its headquarters and subsidiaries to El Salvador after securing an operating license in the country. The move comes after Tether obtained its second Salvadoran Digital Asset…
Japanese firms are continuing to press ahead with their Bitcoin (BTC)-buying strategies, with the former crypto exchange operator Remixpoint completing a $3.2 million purchase. Per the Japanese media outlet Coinpost, Remixpoint announced late last week that it had bought “additional” Bitcoin…
Blockchain analytics firm Chainalysis has acquired Alterya, an AI-powered fraud detection startup, for a reported $150 million, marking its first significant foray into artificial intelligence (AI). “With Alterya, Chainalysis is doubling down on its strategy to invest in the prevention of…
ZA Bank, the largest digital bank in Hong Kong and a trailblazer in crypto-friendly financial services, is reportedly exploring establishing physical branches. According to a South China Morning Post report, the Hong Kong Monetary Authority (HKMA) has permitted digital banks to…
Bankrupt crypto exchange FTX is preparing to distribute over $1.2 billion in repayments to its users who have been unable to access their funds for more than two years. Users owed up to $50,000 worth of digital assets have until January…
HashKey Group announced Monday that its Middle East and North Africa arm has received an in-principle license approval from Dubai. The Dubai Virtual Assets Regulatory Authority (VARA) gave the greenlight for HashKey MENA’s Virtual Asset Service Provider (VASP) license application. The…
Indian Railways is set to introduce non-fungible token (NFT)-based train tickets for passengers traveling to the MahaKumbh Mela, a Hindu festival and pilgrimage occurring once every 144 years. On January 13, blockchain firm Chaincode Consulting announced its partnership with the Indian…
CleanSpark, a U.S.-listed Bitcoin mining company, announced on Thursday that it surpassed 10,000 BTC in its treasury. The milestone reflects the company’s recent mining efforts and operational expansion. CleanSpark Surpassed 10,000 BTC In Treasury: Is This A Bullish Indicator? CleanSpark revealed…