Business

The Russian Ministry of Energy is considering offering its now strictly regulated Bitcoin mining industry incentives to move to the north of the country. The move follows Russia slapping a Bitcoin mining ban on ten regions (mainly in the south) in January of this year: Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, Donetsk, Lugansk, Zaporizhzhia, […]

In brief Kraken will offer so-called xStocks to overseas customers on Solana. The initiative is being facilitated through a partnership with tokenization firm Backed. The product is aimed at offering investors better access to U.S.-listed stocks globally. Kraken will soon offer overseas customers the ability to trade U.S.-listed stocks through the crypto exchange’s platform, the

In brief Mitroplus Labs founder Festo Ivaibi was abducted near his home on May 17 and forced to transfer crypto worth roughly half a million dollars. The firm claims over 48 similar crypto-related attacks have occurred in Uganda, though most remain unreported. Experts urge better coordination between physical safety protocols and digital asset protections. A

In brief A California investor accused Strategy and its executives of making false and misleading statements about the profitability of its Bitcoin treasury strategy. Citing a drop in the value of its Bitcoin holdings, Strategy disclosed a first-quarter loss of $4.2 billion earlier this year. Strategy allegedly failed to disclose the scope of losses it

Key Takeaways Circle is considering a sale to Coinbase or Ripple while still pursuing an IPO. Ripple’s $4-5 billion offer for Circle was rejected as too low. Share this article Circle Internet Financial, the firm behind USDC, the second-largest stablecoin, is exploring a possible sale to Coinbase or Ripple, Fortune Crypto reported Monday, citing four

In brief Kraken’s Brett McLain said the exchange was able to embed its service into neobank bunq’s platform within a matter of weeks. Bunq approached Kraken at the “11th hours,” he said. The solution could drive user growth as Kraken eyes an initial public offering. Crypto exchange Kraken is willing to hit some pretty tight

Key Takeaways Galaxy Digital’s direct Nasdaq listing followed a lengthy 1,320-day regulatory process. Galaxy Digital operates primarily in crypto and AI, aiming at institutional adoption. Share this article Galaxy Digital, a prominent financial services and investment management firm led by billionaire Mike Novogratz, started trading on Nasdaq Friday under the ticker GLXY. The company’s stock

In brief Hong Kong-based Avenir increased its holdings of BlackRock’s spot Bitcoin ETF to 14.7 million shares, worth $688 million as of March 31, a financial disclosure from the firm shows. The firm’s IBIT shares increased by 30% in the first quarter. Spot Bitcoin ETFs have recorded record-smashing inflows, despite a dip in trading earlier