Bitcoin (BTC) has traded between $100,000 and $110,000 for a seventh consecutive week due to slower profit realization, cooling transfer volume, and a cautious derivatives backdrop, according to a June 26 Glassnode report. The report cited the market’s struggles to extend May’s all-time high rally, with the 30-day realized profit gauge peaking in early May, […]
Cryptocurrency exchange Kraken unveiled Krak, a new mobile payment app that allows users to send digital assets and fiat currencies to recipients in more than 110 countries. The app supports over 300 currencies and aims to usurp the dominance of established financial apps such as PayPal, Venmo, and Cash App. Developed to offer a faster
Bitcoin Magazine Tahini’s Bitcoin Treasury: How a Family Chain Outsmarted Inflation Tahini’s Restaurants, a Canadian fast-casual restaurant chain specializing in Mediterranean and Middle Eastern cuisine, integrated bitcoin into its business in 2020 and has been refining its strategy ever since. Today Bitcoin makes up over 70% of their reserves and has made a critical difference
Tahini’s Bitcoin Treasury: How a Family Chain Outsmarted Inflation Read More »
The House passed HB 1664 on June 26, which designates the Secretary of Commerce as the President’s principal advisor on matters involving distributed-ledger technology The measure, introduced by Rep. Kat Cammack and co-sponsored by Rep. Darren Soto, passed by voice vote under suspension of the rules on June 26, according to the chamber’s floor summary.
Ripple has partnered with Wormhole, a cross-chain messaging protocol, to bring multichain support to the XRP Ledger (XRPL) and its upcoming Ethereum Virtual Machine (EVM) sidechain. According to the June 26 statement, the integration will introduce advanced functionality to the XRPL and allow assets and data to flow freely between it and over 35 other
Ripple enhances XRP Ledger’s cross-chain capabilities through Wormhole Read More »
US District Judge Analisa Torres has denied a joint request from the US Securities and Exchange Commission (SEC) and Ripple Labs to dissolve an earlier court order and lower Ripple’s financial penalty. The ruling, issued on June 26, firmly rejected the attempt to undo a prior judgment tied to Ripple’s violations of securities laws through
US judge denies SEC and Ripple’s second bid to amend penalty Read More »
Japan-based Metaplanet has overtaken Tesla among corporate Bitcoin holders following its largest single purchase to date. On June 26, the firm confirmed that it acquired 1,234 BTC for approximately $132.7 million, paying an average of $107,557 per coin. This brings Metaplanet’s total Bitcoin holdings to 12,345 BTC, now worth about $1.33 billion based on current
New Metaplanet buy flips Tesla in Bitcoin holdings as shares slide 5% Read More »
The European Union is preparing to relax its stance on foreign-issued stablecoins, potentially allowing U.S. dollar-backed tokens like USDC and USDT to circulate freely within the bloc, the Financial Times reported on June 25. According to the report, the European Commission will soon issue formal guidance enabling stablecoins issued outside the EU to be treated
European Commission to ease rules on foreign stablecoins despite ECB opposition Read More »
US Federal Housing Finance Agency (FHFA) Director Willian J. Pulte ordered on June 25 that Fannie Mae and Freddie Mac treat cryptocurrency reserves as eligible assets when they measure risk on single-family mortgage loans, effective immediately. The two government-sponsored enterprises must draft plans that show how they will recognize borrower crypto holdings without first converting
US adopts crypto in mortgage risks as Fannie Mae and Freddie Mac update asset models Read More »
Coinbase launched wrapped tokens for Cardano (cbADA) and Litecoin (cbLTC) on its Base layer-2 network, the exchange said in a June 25 post. Each synthetic token is backed 1:1 by the underlying asset held in Coinbase custody, and proof-of-reserves pages list the on-chain addresses securing the collateral. The transparency pages already show 11,364 LTC and
Coinbase launches Cardano and Litecoin wrapped tokens cbADA, cbLTC on Base Read More »
