Business

By Federico Maccioni DUBAI (Reuters) – Cryptocurrency firm plans to move its headquarters to El Salvador, its chief executive said, as the founders of the world’s largest stablecoin look to capitalize on the Central American country’s bid to become a crypto trading hub. Tether has emerged as a dominant force in the booming market for […]

Bitcoin (BTC), continues to become further entrenched in the traditional financial system. Italy’s largest bank by assets, Intesa Sanpaolo, has bought 11 BTC for over $1 million, according to a Reuters report. Reuters saw an internal message that said: “As of today, January 13, 2025, Intesa Sanpaolo owns 11 bitcoins”. Intesa Sanpaolo currently has a

Pakinomist — Intesa Sanpaolo (OTC:) SpA, Italy’s largest banking group, has bought for the first time in a spot transaction. The bank bought about 1 million euros ($1 million) of the cryptocurrency, marking its deeper foray into this asset class. The purchase was made on Monday, with the bank acquiring 11 Bitcoin, according to Niccolò

Sigma Capital, an early stage venture firm, has unveiled a $100 million fund focused on Web3 startups. The Dubai-based company is trying to capitalize on the United Arab Emirates’ (UAE) reputation as a crypto hub, according to an emailed statement on Tuesday. The fund will focus on decentralized finance (DeFi), tokenization and blockchain infrastructure by

Huione, a Telegram-based illicit marketplace offering personal data and money laundering services, has rolled out its own stablecoin, according to a report from blockchain security firm Elliptic. Stablecoin (USDH) was created to “avoid the common freeze and transfer restrictions of traditional digital currencies.” The Huione website adds that “USDH is not constrained by traditional regulatory

The crypto industry has a new “unicorn” in the digital assets bank Sygnum, which has just closed a financing round of 58 million dollars. The Zug, Switzerland and Singapore-based lender closed an oversubscribed “strategic growth round” led by BTC-focused venture capital firm Fulgar Ventures, according to an emailed announcement on Tuesday. The round gave Sygnum

The pressing question on the minds of crypto traders is: Has bitcoin’s (BTC) price weakness run its course, or is there more to come? The former appears to be the case in Monday’s price action, characterized by a quick recovery from low intraday levels in contrast to mid-December, when the rally stalled and fell from

Pakinomist– Bitcoin rose on Tuesday after muted performance in the past few days as investors cautiously awaited the US inflation report to gauge the Federal Reserve’s interest rate outlook. rose 1% to $95,374.2 at 12:19 a.m. ET (05:19 GMT). The token had hit a session low of $89,664.8 on Monday, but dip buyers emerged and

Another jurisdiction has Polymarket in its crosshairs. Over the weekend, Singapore’s Gambling Regulatory Authority (GRA) ordered local ISPs to block access to the prediction market platform, according to reports from users in the city-state. “You have attempted to access an illegal gambling site hosted by an unlicensed gambling service provider,” reads the notice, which warns

As Bitcoin continues to rise and institutional investors pour over $20 billion into crypto ETFs, a fundamental shift is occurring in the digital asset markets. The appointment of Paul Atkins as SEC Chair, known to favor market-driven solutions over heavy-handed enforcement, has spawned optimism that crypto can finally balance innovation with regulation. But the crypto