Business – Page 36

Latin American Crypto Exchange Ripio Launches Argentine Peso Stablecoin ‘wARS’

Ripio, a Latin American crypto exchange with more than 25 million users, has launched a new stablecoin pegged to the Argentine peso. The token, called wARS, is now live on Ethereum, Coinbase’s Base and World Chain, reports local news outlet La Nacion. The peso-backed token allows users to send and receive money around the world, […]

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Bitcoin broke the Uptober streak, but a handful of altcoins managed to finish higher

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Bitcoin closed down in October, snapping its six-year “Uptober” streak, while BNB rallied as a mid-month jolt left most majors stuck below early highs. The shock landed on October 10 when President Donald Trump threatened steep new tariffs on China amid rare earth tensions, touching off a broad risk-off movement. Bitcoin slid from around the

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The government shutdown is approaching a record

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The ongoing US government shutdown is already the second-longest in the country’s history and could break the record for longest next week. That doesn’t bode well for crypto legislation’s chances of actually becoming law in the near future. You’re reading State of Crypto, a CoinDesk newsletter that looks at the intersection of cryptocurrency and government.

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ARK Invest’s crypto exposure tops DKK 2.15 billion. USD as bullish holdings rise across 3 funds

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Cathie Wood’s ARK Invest widened its crypto bets again this week, increasing its stake in Bullish by more than 105,000 shares, worth about $5.3 million. The purchase, spread across ARK’s three actively managed ETFs — ARKK, ARKW and ARKF — brings ARK’s total position in Bullish, CoinDesk’s parent company, to about 2.27 million shares worth

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BTC Whitepaper published on this day in 2008

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The Bitcoin White Paper, A Peer-to-Peer electronic cash systempublished by the mysterious and pseudonymous Satoshi Nakamoto, turned seventeen yesterday. Released on October 31, 2008, in the midst of the global financial crisis, the nine-page document laid the groundwork for what would become the world’s first cryptocurrency. The white paper outlined a vision for a decentralized,

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MiCA will not save us from a Stablecoin crisis. It could be building one

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Europe’s landmark crypto regulation, MiCA, was intended to end the “Wild West” era of stablecoins. Proof of reserves, capital rules, redemption requirements: On paper, the framework looks reassuring. Yet, in practice, MICA does little to prevent the kind of systemic risks that can emerge when stablecoins become part of the global financial ecosystem. The irony

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Elon Musk on Messaging Platform X Chat’s features and Bitcoin-like P2P encryption

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Tesla and Space X CEO Elon Musk says X will launch a standalone “X Chat” in the coming months while Chat becomes embedded in X, adding that its peer-to-peer encryption approach is “similar to Bitcoin” and that the system avoids ad hooks. Speaking on Friday’s “Joe Rogan Experience,” Musk said X has “rebuilt the entire

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US Treasury Secretary Scott Bessent praises Bitcoin’s resilience

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US Treasury Secretary Scott Bessent marked the 17th anniversary of the Bitcoin white paper on Friday with a post on X that praised the network’s resilience and added a jab at Senate Democrats, saying the system “never shuts down” and suggesting lawmakers could “learn something from it.” The comment doubled as a political signal and

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Bitcoin Slips on White Paper Anniversary, Weekly ETF Outflows Hit $600M: Crypto Daybook Americas

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By Francisco Rodrigues (all times ET unless otherwise noted) Cryptocurrency prices have fallen over the past 24 hours, haunted by a sell-off in shares after major US tech firms Meta and Microsoft raised their AI investment forecasts, raising concerns about overspending. Bitcoin BTC$109,824.72 was little changed, falling 0.3% to around $110,000 on the 17th anniversary

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MSTR eyes global credit expansion with a focus on international markets

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Michael Saylor’s bitcoin BTC$109,786.85 Treasury company Strategy (MSTR) is exploring opportunities for credit securities in international jurisdictions as part of its goal to become the dominant global credit issuer. “We are also actively laying the groundwork for credit securities in international jurisdictions, positioning Strategy to become a dominant credit issuer globally,” said Phong Le, president

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