News Bytes Archives - Page 3 of 9

IMF Alarmed as Pakistan Declares Bold Bitcoin Reserve

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Amid ongoing economic negotiations, Pakistan’s unprecedented plan to integrate bitcoin into its national strategy has sparked concern from the International Monetary Fund, which was not consulted on the initiative. The country declared the establishment of a national bitcoin reserve and a digital asset authority during the Bitcoin Vegas 2025 conference, unveiling plans to allocate 2,000 […]

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US-Mexico Transfers Accelerated by XDC-Bitso Blockchain Rail

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In a strategic move to overhaul U.S.-Mexico remittance flows, XDC Network has joined forces with Bitso Business to deploy a blockchain-based payment framework designed for rapid, low-cost, and secure cross-border transactions. Tapping into the $63 billion inbound remittance market in Mexico and the $70 billion outbound volume from the U.S., the alliance utilizes XDC’s ISO

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SEC’s Crypto Task Force Gets Crucial Input From EY

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Ernst & Young LLP (EY US) submitted a letter to the U.S. Securities and Exchange Commission (SEC) last week in response to the SEC’s request for input on crypto-related matters. The firm emphasized the importance of regulatory clarity regarding how federal securities laws apply to crypto markets. EY US outlined its experience in assurance, tax,

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Bitcoin ETFs Soar as Investors Flee Gold Holdings

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A strategic pivot among investors is becoming clear as capital shifts from traditional safe havens to digital alternatives. Over the past five weeks, U.S.-based bitcoin ETFs attracted more than $9 billion in inflows, predominantly led by Blackrock’s Ishares Bitcoin Trust (IBIT), while gold ETFs experienced over $2.8 billion in outflows. Analysts cite bitcoin’s rising appeal

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Thai Regulators Tighten Crypto Oversight—Unlicensed Exchanges to Be Banned by June 2025

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Thailand’s Securities and Exchange Commission (SEC) has taken action against five unauthorized digital asset trading platforms: Bybit.com, 1000x.live, Coinex, OKX, and XT.COM. The SEC has filed charges with the Economic Crime Suppression Division (ECD) for operating without the necessary licenses under Thailand’s Digital Asset Business Act. To protect investors and combat money laundering, the SEC

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India May Release Crypto Regulation Discussion Paper in June: Report

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India may unveil a comprehensive discussion paper in June aimed at shaping crypto asset regulations, drawing heavily on guidance from the International Monetary Fund (IMF) and the Financial Stability Board (FSB). This move follows a surge in global acceptance, particularly after U.S. President Donald Trump endorsed digital currencies, signaling a major policy shift. In India,

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The New Trade in Town: TACO

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The TACO trade and the philosophy behind it are making waves across the financial world after a journalist asked President Donald Trump if he knew what it meant. First described by Financial Times journalist Robert Armstrong, TACO stands for “Trump Always Chickens Out,” meaning that he uses big announcements, like tariffs and taxes, as a

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Etoro Expands US Crypto Offerings With Addition of a Dozen New Tokens

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Social trading network Etoro has announced the addition of a dozen new cryptoassets to its platform for U.S. users, expanding its offerings beyond bitcoin, bitcoin cash, and ethereum. The newly available assets include aave, cardano, chainlink, compound, dogecoin, ethereum classic, litecoin, XRP, stellar, shiba inu, uniswap, and yearn finance. Andrew McCormick, Head of Etoro US,

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Report: Blackrock Eyes 10% Stake in Circle’s IPO

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Blackrock Inc. intends to acquire roughly 10% of the shares offered in Circle Internet Group Inc.’s upcoming initial public offering (IPO). Bloomberg first reported the news, citing people familiar with the matter. The move positions the world’s largest asset manager at the center of a high-profile public debut linking Wall Street with digital assets. The

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Former CFTC Chairman ‘Crypto Dad’ Joins Sygnum Bank

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Former U.S. Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo, known as “Crypto Dad,” has joined Sygnum Bank as Senior Policy Advisor, as announced on May 27, 2025. Giancarlo, who was a strong advocate for open markets and balanced regulatory frameworks during his tenure at the CFTC, will leverage his experience in regulatory matters

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