Circle, a stablecoin issuer, has announced its intention to offer a wrapped Bitcoin, positioning itself to compete with BitGo and Coinbase among institutional customers. On Thursday, the asset cirBTC was revealed. It will debut on Ethereum and will be backed 1:1 by bitcoin. It is designed for OTC desks, market
In February, the transaction volume of stablecoins topped that of the US Automated Clearing House network, marking a notable achievement for an asset class that has been around for less than 12 years. Being able to bypass the ACH is a big deal since the network is the foundation of
As capital flows to highly profitable early-stage projects, Ozak AI has rapidly established itself as a key player in the AI-powered cryptocurrency sector. With its token already priced at $0.014 and presale growth exceeding an incredible 1300%, the project is drawing great interest from crypto whales looking for significant gains
Ripple CEO Brad Garlinghouse has called stablecoins a “ChatGPT moment” for the cryptocurrency space during a recent discussion. While offering his insights to FOX Business, he also explained that stablecoins could unlock widespread adoption for cryptocurrency. This is by simplifying access to blockchain-based financial systems for both institutions and consumers
The United Kingdom has recently sanctioned Xinbi, which is a marketplace for various cryptocurrencies. Authorities have associated the marketplace with various scam activities in Southeast Asia. The country has taken action against the marketplace for facilitating fraud networks. It was through transactions involving stolen data, money laundering, and scam services.
GameStop confirmed that it has not sold the Bitcoin assets it accumulated during the previous fiscal year period. This is according to its latest filing of 10-K. This came about due to speculation that GameStop might sell its accumulated Bitcoin assets. The company had pledged 4,709 Bitcoin to Coinbase Credit
The SEC Chairman, Paul Atkins, recently confirmed the proposed timeline for introducing a tokenization innovation exemption during a House hearing. As reported by Eleanor Terrett, this proposal seeks to facilitate blockchain-based financial innovation. Also, ensure compliance with existing securities laws and regulatory requirements across the United States. The SEC Chairman
Bhutan has made another transfer of 500 Bitcoins to cryptocurrency exchanges. This is not the beginning or the end of a series of transactions that have seen the overall outflows for 2026 rise considerably. The data from Arkham Intelligence, shows that Bhutan have been moving funds in line with the
If you’ve been watching your altcoin portfolio this March, you already know the feeling. Everything is red. Not just a little red, but deeply, painfully red. Meanwhile, Bitcoin is sitting there looking relatively calm, and the Fear and Greed Index is flashing numbers that would make even seasoned traders nervous.
According to Wintermute, Bitcoin has the potential to rise to $76,000, depending on how shipping flows improve through the Strait of Hormuz. Wintermute explained that tensions in the Strait of Hormuz, which is a critical energy route, often cause volatility in the global market, including the crypto market. The Strait
