Business – Page 234

Iran is looking at the crypto tax for oil tanker transit through the Strait of Hormuz

Iran will collect crypto payments as transit fees from oil tankers passing through the Strait of Hormuz during the two-week ceasefire with the US, an industry official told the FT. Hamid Hosseini, spokesman for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, said crypto-denominated tolls will be charged to fully loaded vessels as the nation […]

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Crypto inflows slowed sharply in the first quarter as investor demand weakened, JPMorgan says

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Wall Street investment bank JPMorgan (JPM) said the pace of capital inflows into digital assets slowed significantly in the first quarter of 2026, with total inflows estimated at around $11 billion. That implies an annual run rate of about $44 billion, about a third of the pace seen in 2025, according to the report published

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The quantum threat to Bitcoin is real but manageable, according to Wall Street broker Bernstein

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Wall Street broker Bernstein said the rise of quantum computers poses a credible but manageable threat to Bitcoin and the broader crypto ecosystem, as recent breakthroughs compress timelines for potential attacks on modern cryptography. Advances such as Google Quantum AI’s reported reduction in qubit requirements suggest the risk is no longer a distant, decades-long concern,

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White House investigation bolsters crypto’s position in stablecoin dividend battle against bankers

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A White House report released Wednesday directly challenges the banking industry’s claims that the stablecoin dividend would drain deposits and weaken lending to households and small businesses. Instead, banning these stablecoin rewards would have only a negligible impact on credit creation, found the analysis released by the Council of Economic Advisers (CEA). The White House

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Morgan Stanley’s bitcoin ETF draws $33.9 million on day one

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Morgan Stanley’s spot bitcoin exchange-traded fund (ETF) began trading Wednesday with solid early activity, with more than 1.6 million shares traded and about $34 million in inflows, the bank said. Listed under the ticker MSBT, the fund tracks the CoinDesk Bitcoin Benchmark 4 PM New York Settlement Rate and charges an expense ratio of 0.14%.

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Pharos raises $44 million in Series A to power real-world asset tokenization

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Pharos Network, a layer 1 blockchain focused on real-world tokenized assets, said it raised $44 million in a Series A round led by a mix of traditional financial and crypto investors. The backers include Sumitomo Corporation’s venture arm, SNZ Holding, Chainlink and Flow Traders, along with unnamed financial institutions that the firm described as “giants

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Standard Chartered explores full takeover of crypto custodian Zodia: Bloomberg

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Standard Chartered PLC is reportedly seeking to fully acquire Zodia Custody Ltd. to merge it with one of its digital asset divisions, sources close to the matter told Bloomberg on Wednesday. The ‘restructuring’ plan, which could come as soon as this month, considers merging Zodia’s crypto custody business into one of the investment bank’s divisions

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Crypto Long & Short: Asia’s Crackdown on Digital Assets: Accountability Gets Personal

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Welcome to our institutional newsletter, Crypto Long & Short. This week: Bob Williams on how stricter crypto regulations in Asia place more personal responsibility on senior executives, making strong governance and D&O insurance essential. FBI’s Haidy Grigsby on how crypto scams are increasingly targeting experienced investors by building trust and tricking them into making larger

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BTC’s next bull run will be driven by banking and digital credit, says Strategy’s Michael Saylor

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Michael Saylor, executive chairman of Strategy (MSTR), believes that bitcoin likely bottomed out in early February at $60,000. Speaking at a recent Mizuho event, Saylor reiterated his long-held position that bottoms are not necessarily about valuations but are driven by seller exhaustion, analysts Dan Dolev and Alexander Jenkins wrote. Trend reversals, he added, are driven

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Yuga Labs settles Bored Ape NFT case, ending battle over alleged copycat tokens

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Yuga Labs has settled its lawsuit against artist Ryder Ripps and Jeremy Cahen over their alleged copying of their non-fungible tokens (NFTs) from the Bored Ape Yacht Club collection. The settlement ends a two-year dispute over whether the pair’s project, which recycled Bored Ape images, crossed the line from satire to trademark infringement. Proposed court

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