SoFi reaffirmed its plans to launch Bitcoin and crypto trading later this year. SoFi Technologies (NASDAQ: SOFI) raised its full-year profit forecast on Tuesday after reporting record third-quarter results that beat Wall Street expectations, driven by fee revenue and more user growth across its financial products. CEO Anthony Noto said […]
The AfD submitted a motion last week urging the federal government to start adding Bitcoin to its long-term reserves. Germany’s Alternative for Germany (AfD) party has introduced a proposal to create a national Bitcoin reserve. The initiative marks a potential turning point for Europe’s largest economy, which only a year […]
France’s center-right UDR party, led by Éric Ciotti, is introducing its first comprehensive crypto bill to create a national Bitcoin Strategic Reserve, aiming to acquire up to 2% of Bitcoin’s supply (≈420,000 BTC) over seven to eight years to strengthen financial sovereignty. A pro-crypto bill will be tabled today in […]
Max Branzburg said the new card is now open to U.S. users who are members of Coinbase One, offering up to 4% back in bitcoin on every purchase. What to know: Coinbase said its Coinbase One Card is now open to U.S. customers who are, or become, Coinbase One members at $49.99 […]
Moon Inc. is rolling out a Bitcoin prepaid card in Thailand and South Korea, with more Asia expansion coming. Moon Inc. (HKEX: 1723) has raised about US$8.8 million to launch a Bitcoin prepaid card in Thailand and South Korea, with plans to expand across Asia. The company, a leader in […]
As the Justice Department pursues Prince Group’s leader, the Treasury Department sanctioned the company while also severing Huione from the U.S. finance. What to know: U.S. authorities dropped a legal hammer on global firm Prince Group as an operator of forced-labor global scam operations — including infamous pig butchering schemes […]
The supply deluge was quickly reversed with burn mechanism. What to know: On Wednesday, stablecoin issuer Paxos accidentally minted $300 trillion worth of PayPal Holdings Inc.’s PYUSD stablecoin on Ethereum – a “fat finger” error on the blockchain that far exceeded the total U.S. dollar circulating supply of $2.4 trillion. […]
A deep dive into the three strategic models emerging in corporate Bitcoin treasury companies, from pure-play credit issuers to hybrid operators, based on Michael Saylor’s latest thinking. As Bitcoin becomes a strategic asset class in public markets, a new class of corporate entity is emerging: the Bitcoin treasury company. These […]
Supply has surged 72% year-over-year, led by Ethereum, Solana, and Plasma’s record debut, as stablecoins begin to mirror core banking functions What to know: The stablecoin market has undergone a sharp expansion over the past year, with total supply climbing 72% to nearly $300 billion, according to data analytics platform […]
Charles Schwab reported a 90% year-over-year increase in visits to its crypto platform, with clients now holding about 20% of all U.S. crypto ETPs. Charles Schwab is seeing booming engagement from retail investors in its crypto products. In an interview with CNBC, CEO Rick Wurster said that visits to Schwab’s crypto platform […]