Officials in New Zealand have restricted foreign cash transfers to $5,000 and outlawed cryptocurrency ATMs in an attempt to combat money laundering and organized crime. The steps were revealed by Associate Justice Minister Nicole McKee on Wednesday as part of the government’s effort to revamp its AML/CFT regime, which seeks
One of the biggest publicly listed crypto mining companies, Mara Holdings, has announced plans to sell convertible senior notes worth up to $1 billion. Some of the proceeds would go toward buying Bitcoin. An statement made on Wednesday said that eligible institutional purchasers would have the opportunity to purchase $850
Listed on the Tokyo Stock Exchange, Kitabo Co., Ltd., a textile manufacturer with a century-long history in Japan, intends to buy as much as ¥800 million, or around $5.4 million, worth of Bitcoin. In order to earn a return, the corporation may lease part of the digital asset to crypto
Coinbase and PNC Bank have joined forces to enhance PNC Bank’s cryptocurrency services to customers. PNC Bank manages about $549 billion in assets. With the goal of providing customers with more options, the bank launched a cooperation with Coinbase. The leading cryptocurrency exchange will also get certain services from PNC.
The broader crypto market is gaining traction, with prominent assets showing signs of renewed interest for different reasons. Chainlink (LINK) has seen a sharp rise in whale accumulation, strengthening the case for further gains, while Litecoin (LTC) is approaching a multi-year resistance zone with technical indicators aligning for a potential
Monday marked the end of a 12-day sequence in which spot Bitcoin exchange-traded funds (ETFs) received $6.6 billion, as they saw a net outflow of $131.35 million. In a single day, ARKB, which is owned by ARK Invest, lost $77.46 million, the most outflow. Then, according to SoSoValue statistics, GBTC
In a dramatic change of attitude, the biggest bank in the world, JPMorgan Chase, is proposing to lend customers using Bitcoin and Ethereum as security. This follows CEO Jamie Dimon’s earlier statements labeling Bitcoin a “fraud” and threatening to terminate traders involved with the cryptocurrency. Clearer regulatory standards in the
As an example of the crypto industry’s persistent drive toward conventional financial markets, digital asset custodian BitGo has submitted papers to seek an initial public offering (IPO) in the US. In anticipation of an initial public offering (IPO) of its Class A common stock, BitGo said on Monday that it
Michael Saylor’s Bitcoin treasury company, Strategy, has acquired 6,220 BTC for $739.8 million, according to a U.S. SEC Form 8-K filing. The firm made the purchase between July 14 and 20 at an average price of $118,940 per coin. This brings Strategy’s total Bitcoin holdings to 607,770 BTC, worth approximately
With $4.4 billion inflows, crypto funds set a new weekly record, as Ether ETP gains of $6.2 billion surpassed totals for 2024. Crypto investment products had record-breaking inflows last week, continuing a streak of rises that now stands at fourteen weeks. Surging ETP Demand According to CoinShares’ report on Monday, global exchange-traded
