Business – Page 245

US judge presses Do Kwon case before sentencing, cites ‘Assurance’ gap

The U.S. district judge who convicted Terraform Labs founder Do Kwon of defrauding investors requested answers to a series of questions before the hearing takes place Thursday, court documents revealed. Paul A. Engelmayer, a judge for the Southern District of New York, asked six questions, including whether Kwon’s victims will have their day in court […]

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Stripes Tempo Blockchain Starts Public Testing, Adds Kalshi, Mastercard, UBS as Partners

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Tempo, a payments-focused blockchain backed by Stripe and crypto investment firm Paradigm, has launched its public testnet, a key step in its efforts to make stablecoin payments mainstream. Tempo has also revealed a list of new additions to the network’s partner group, including buy-now-pay-later firm Klarna, prediction marketplace Kalshi, payments giant Mastercard and Swiss global

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Most Influential: Cameron and Tyler Winklevoss

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The US Commodity Futures Trading Commission is poised to become a primary market regulator for cryptocurrencies and businesses if the legislation waits before Congress becomes law. And at the beginning of the year, former CFTC commissioner and Andreessen Horowitz crypto policy chief Brian Quintenz appeared to take charge of that agency, putting the pro-crypto politician

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Crypto Wallet Firm Exodus (EXOD) Betting Stablecoins for Real-World Payments with 2026 App

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Exodus (EXOD), a long-standing provider of self-storage crypto wallets, is expanding into digital payments with a new product called Exodus Pay. Launching in early 2026, the service is designed to let users hold, spend and send stablecoins from one app without relinquishing control of their assets, Exodus announced on Tuesday. Users will be able to

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Malaysia Launches Ringgit Stablecoin as APAC Crypto Adoption Surges

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Malaysia’s king’s eldest son today unveiled a local currency-backed stablecoin designed for cross-border trade and attracting foreign investment in the Asia-Pacific region, according to an official statement. Ismail Ibrahim, owner of telecommunications company Bullish Aim Sdn, is behind the rollout of the stablecoin called RMJDT, which is pegged to Malaysia’s ringgit. The stablecoin, which will

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Bitcoin (BTC) Miner completes $2.3 billion convertible note offering, refinancing

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IREN (IREN), a bitcoin miner, completed a refinancing that combined a $2.3 billion convertible senior note offering with a $544.3 million repurchase of existing convertible notes. The new issuance includes $1 billion of 0.25% notes due 2032, $1 billion of 1% notes due 2033 and a fully exercised $300 million greenshoe to meet excess demand.

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Bitcoin (BTC) Price Shackled, Zcash (ZEC) Surpasses Before Fed: Crypto Daybook Americas

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By Omkar Godbole (All times ET unless otherwise noted) The crypto market lacks clear direction. Bitcoin BTC$90,594.80 is still in its dull range between $90,000 and $95,000, and there is little cheer in the broader market, as evidenced by over 2% declines in the CoinDesk 20 (CD20) and CoinDesk 80 (CD80) indexes. ZEC is the

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Bitcoin pulls back as Federal Reserve decision takes center stage

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The crypto market fell on Tuesday, losing momentum at the beginning of the week and eroding gains. Bitcoin BTC$90,311.23 currently trading at $90,150, down from Monday’s high of $92,350. The CoinDesk 20 Index (CD20) has lost 2.1% in 24 hours with all members falling. The price action mirrors last week’s performance, when bitcoin rose from

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Plume secures ADGM Commercial License, Eyes Middle East RWA expansion

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Plume Network, a modular Layer 2 blockchain dedicated to real-world assets (RWAs), has received a commercial license from the Abu Dhabi Global Market (ADGM) Registration Authority, paving the way for expansion into the Middle East. The license allows Plume to scale RWA origination and distribution across the Middle East, Africa and emerging markets, pending further

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Bitcoin (BTC) and Ether (ETH) Perps Build Liquidity Incrementally: SGX’s View

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SGX’s bitcoin BTC$90,204.02 and ether ETH$3,110.37 perpetual futures have become increasingly popular since their debut two weeks ago, and that growth represents new liquidity rather than cash diverted from elsewhere, said Michael Syn, president of the Singapore Exchange holding company. The products, cryptocurrency derivatives that allow institutional traders to speculate on the price of an

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