Business

In brief Coinbase’s top analyst said Thursday that the increasing dependence of publicly traded companies on Bitcoin could lead to disaster for the broader crypto market, should BTC’s price decline. Numerous companies that have collectively purchased billions of dollars worth of BTC would likely have to sell off the tokens to pay back investors all […]

In brief Stablecoin giant Tether has spoken of the importance of having gold in a portfolio. The El Salvador-based firm bought a substantial stake in a Canadian gold royalty firm. Tether also has a massive stash of Bitcoin, valued at approximately $10.7 billion. Stablecoin issuer Tether has acquired a stake in a gold company as

Key Takeaways BlackRock plans to become the world’s largest crypto asset manager by 2030. BlackRock’s digital asset offerings include Bitcoin and Ethereum ETFs leading in their categories. Share this article BlackRock is aiming to become the world’s dominant crypto asset manager by 2030, targeting at least $50 billion in assets under management (AUM) through its

In brief Bitcoin miners were struggling earlier this year, as the price of the leading digital coin took a hit. But BTC is recently surging, hitting a new all-time high mark in May and remaining close to that level. Miners are minting more coins, with Nasdaq-listed Bitdeer producing 18% more in May than the month

Key Takeaways Stripe agreed to acquire crypto wallet provider Privy, enhancing their financial services offering. Like Bridge, Privy will continue operating independently. Share this article Stripe is acquiring Privy, a New York-based crypto wallet infrastructure firm, as part of its ongoing expansion into the digital asset space. The move follows Stripe’s $1.1 billion purchase of

In brief Bullish has reportedly filed confidential paperwork with the SEC as it tries to go public again. It previously abandoned prior efforts in a SPAC merger in 2022 as the market faced a downturn. It follows Circle’s explosive public debut on the NYSE last week. Crypto exchange Bullish has submitted paperwork for an initial

In brief Coinbase looked at 100 Fortune 500 companies and found that 60% were investing in or working on blockchain-related projects. Stablecoin use is surging, too. More companies are planning to use the technology. About three in five Fortune 500 companies are working on blockchain initiatives, Coinbase found in its State of Crypto second quarter

In brief Paris-based The Blockchain Group is aiming to raise $342 million to further its Bitcoin treasury strategy. The publicly traded company is raising the funds through an “at-the-market”-like partnership with asset manager TOBAM. The Blockchain Group is one of several public companies to embrace Strategy’s Bitcoin buying playbook over the past year. The Blockchain

In brief Michael Saylor’s software firm Strategy bought another $110 million worth of Bitcoin last week. The Bitcoin buy marks the public company’s fourth-smallest purchase of the asset this year. This latest acquisition brings Strategy’s holdings to roughly 582,000 Bitcoin. Strategy, formerly MicroStrategy, acquired 1,045 Bitcoin worth roughly $110 million at the time of purchase,

Key Takeaways Circle saw its market value exceed $20 billion following its NYSE debut. The company reportedly rejected Ripple’s $5 billion acquisition offer as it was seen as undervalued. Share this article Circle, the USDC stablecoin issuer, made a blockbuster debut on Wall Street this week, with shares soaring to as high as $123, briefly