Business – Page 34

Inside sanctioned stablecoin issuer A7A5’s race to build a crypto giant

HONG KONG — Oleg Ogienko, A7A5’s Director of Regulatory and Overseas Affairs, is looking to debate anyone who accuses him of breaking any compliance laws through his stablecoin company. Speaking to CoinDesk during Consensus Hong Kong, the public face of ruble-denominated stablecoin issuer A7A5 – which grew faster last year than USDT or USDC – […]

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Nexo returns to US with Bakkt-backed crypto services after regulatory exit in 2022

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Nexo is set to return to the US market, saying it has officially rolled out a range of digital assets and trading infrastructure from US-based Bakkt. The digital asset wealth platform pulled out of the US at the end of 2022 after what it called an “impasse” in negotiations with state and federal regulators over

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Hong Kong regulator approves first crypto business license since last June

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Hong Kong’s Securities and Futures Commission (SFC) granted a crypto license to Victory Fintech (VDX), an associate of listed financial services firm Victory Securities (8540). Victory won permission to operate a digital asset trading platform on Friday, according to the SFC’s register of licensed crypto firms, the first addition since June 17 last year. Hong

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Crypto mining can help with energy volatility, Paradigm responds to political attacks

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Politicians across North America worry about what the energy use of crypto, artificial intelligence and other data centers could mean for the affordability of ordinary customers, but crypto investment firm Paradigm argues that the government should leave bitcoin mining out of it. That mining bitcoin takes a huge amount of electricity. But the business model

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2026 is crypto’s year of integration, says Silicon Valley Bank

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Last year, cryptos regained their institutional footing. This year, according to Silicon Valley Bank (SVB), is when it becomes more integrated into the financial system. Regulatory clarity improved in 2025, institutional engagement accelerated and capital markets reopened. Now the focus is shifting from price cycles to infrastructure as digital assets become more deeply embedded in

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Harvard cuts bitcoin exposure by 20%, adds new ether position

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Harvard University’s $56.9 billion endowment made its first foray into the ether ETH$1,967.96 last quarter, even as it reduced its exposure to bitcoin BTC$68,422.73. According to an SEC filing, Harvard Management Company (HMC) bought nearly 3.9 million shares of BlackRock’s iShares Ethereum Trust (ETHA), worth about $86.8 million. The company also reduced its stake in

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Bitcoin’s slide could signal broader market problems and a US recession, says Mike McGlone

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Bloomberg Intelligence macro strategist Mike McGlone said Monday that collapsing crypto prices could signal broader financial stress, warning that bitcoin could return toward $10,000 and potentially herald the next U.S. recession. In a post on X, McGlone also said the long-standing “buy the dip” mentality that has supported risk assets since 2008 could break down

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Metaplanet’s operating profit jumps nearly 1,700% as bitcoin monetization pays off

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Metaplanet (3350), the largest bitcoin BTC$68,770.50 Treasury company in Japan, expected full-year operating profit to rise 81% this year after premiums from appreciation options drove a 17-fold increase in 2025.The company, which owns 35,102 BTC, earned 6.29 billion yen ($40.8 million) in operating profit last year. Premiums on writing options rose to 7.98 billion yen

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Hive, Riot Earnings Reports, FOMC Minutes: Crypto Week Ahead

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Hive Digital Technologies and Riot Platforms headline this week’s crypto-related earnings reports. The two data center operators have expanded their operations and added high-performance computing for AI applications to their bitcoin mining operations. In macroeconomics, the Federal Reserve is likely to grab headlines, with minutes from the latest Federal Open Market Committee meeting to be

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Animoca Brands clears major regulatory hurdle with new Dubai license

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Digital venture capital firm Animoca Brands has won regulatory approval in Dubai. Animoca has received a Virtual Asset Service Provider (VASP) license from the Emirate’s regulatory authority for the digital asset industry, the firm announced via email on Monday. The Hong Kong-headquartered firm, which won in-principle approval as a regulated fund manager in Abu Dhabi

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