Tag Archives: News

In a groundbreaking move, a US law enforcement association has become the first of its kind to hold Bitcoin on its balance sheet. This decision marks a significant step in the adoption of digital assets by public-sector organizations, signaling growing institutional confidence in cryptocurrency. A Historic First for Law Enforcement The unnamed law enforcement association, which represents officers and agencies …

Texas lawmakers have reintroduced a bill that aims to establish a state-backed Bitcoin reserve, but this time with a broader scope to include other cryptocurrencies. The move signals Texas’ continued push to become a leader in digital asset adoption while integrating crypto into its financial strategy. A Second Attempt at a Crypto Reserve The original bill, introduced in 2023, sought …

An illegal Bitcoin mining operation in Malaysia led to a massive explosion, drawing the attention of local authorities. Police investigating the incident discovered a hidden setup filled with mining rigs and industrial blower fans, which were likely used to cool the overheated machines. Explosion Leads to Shocking Discovery The explosion, which occurred in [city or region], was initially suspected to …

Global cryptocurrency exchange Coinbase is reportedly planning to re-enter the Indian market after more than a year away, marking a potential comeback for the company in one of the world’s fastest-growing crypto hubs. Coinbase’s Previous Struggles in India Coinbase initially launched in India in April 2022 but faced regulatory hurdles soon after. The company had to halt its services due …

The University of Austin (UATX) has taken a bold step into the world of digital assets, launching a $5 million Bitcoin investment fund as part of its endowment strategy. The move positions UATX among a small but growing number of academic institutions embracing cryptocurrency as a legitimate asset class for long-term growth. Bitcoin as a Strategic Endowment Investment Universities traditionally …

In a surprising move, the newly appointed head of the Consumer Financial Protection Bureau (CFPB) has suspended the agency’s funding and ongoing activities, sparking debates over the future direction of the financial watchdog. The decision marks a significant shift in leadership priorities and raises questions about the CFPB’s role in regulating banks, lenders, and financial institutions. Regulatory Freeze and Policy …

Binance co-founder and former CEO Changpeng “CZ” Zhao has distanced himself from the hype surrounding meme coins and NFTs, stating that he has never personally invested in them. Additionally, CZ claims he has no knowledge of how TST, a lesser-known token, ended up being listed on Binance, fueling speculation about the exchange’s internal listing processes. CZ’s Statement on Meme Coins …

Japanese financial giant SBI Holdings has reported record-breaking profits from its cryptocurrency division, signaling growing institutional adoption of digital assets in the country. As the company rides the wave of surging crypto markets, it is now setting its sights on another milestone—becoming the first to list USDC, a major dollar-pegged stablecoin, in Japan. Record-High Crypto Profits SBI’s latest earnings report …

Ethereum is facing intense bearish pressure as hedge funds ramp up their short positions to unprecedented levels. With ETH’s price struggling to maintain momentum, institutional traders are betting big against the second-largest cryptocurrency, raising concerns about potential volatility in the coming weeks. Record Short Positions on Ethereum According to recent market data, Ethereum short positions have reached an all-time high, …

Metaplanet, the Japanese investment firm often compared to MicroStrategy, has seen its stock soar an astonishing 4,000% in recent months, driven by its aggressive Bitcoin accumulation strategy. The surge comes as the company is set to report its first profit in six years, signaling a remarkable turnaround fueled by the booming crypto market. Bitcoin-Fueled Rally Metaplanet made headlines earlier this …