Markets
European Central Bank President Christine Lagarde has firmly dismissed the possibility of Eurozone central banks holding Bitcoin as a reserve asset, citing concerns about liquidity, security, and potential links to illicit activities. "There is a view around the table of the Governing Council that reserves have to be liquid,
Finance
While the relationship between cryptocurrency and the stock market is often discussed, a new analysis from JPMorgan sheds light on a specific connection: Bitcoin's strong correlation with small-cap tech stocks. This finding, revealed in a report released on Wednesday, suggests that Bitcoin's price movements are more
Finance
Apollo Global Management, one of the world's largest financial firms, is partnering with blockchain firm Securitize to bring tokenized investment opportunities to a wider audience. Their first collaboration, announced on Thursday, offers access to the Apollo Diversified Credit Fund through tokenization, initially available on six major blockchains: Aptos,
Finance
New accounting rules are giving a clearer picture of the financial impact of Tesla's Bitcoin holdings. The electric vehicle maker, led by Elon Musk, reported a $600 million paper gain on its Bitcoin investment in the fourth quarter of 2024, thanks to a recent update that allows companies
Cryptocurrency
Several online marketplaces offering Donald Trump-branded merchandise have begun accepting the TRUMP memecoin as a payment option, alongside traditional methods like credit cards and Bitcoin. This development marks a significant step towards integrating cryptocurrency into mainstream commerce. Marketplaces such as GetTrumpWatches.com, GetTrumpFragrances.com, and GetTrumpSneakers.com now allow customers
Cryptocurrency
Grayscale Investments has unveiled its latest financial product, the Grayscale Bitcoin Miners ETF (MNRS), enabling investors to gain exposure to companies within the Bitcoin mining sector without directly purchasing digital assets. Launched in early 2025, this Exchange-Traded Fund (ETF) targets firms listed in the Indxx Bitcoin Miners Index, which comprises
Finance
Norway's Norges Bank Investment Management (NBIM), the world's largest sovereign wealth fund, has significantly increased its indirect exposure to Bitcoin, now holding an estimated $356.7 million worth of the cryptocurrency, according to research from K33. This substantial holding reflects the fund's growing involvement
Blockchain
November 2018 marked the launch of Uniswap, a pioneering decentralized finance (DeFi) platform that has since become a cornerstone of the cryptocurrency trading ecosystem. As one of the earliest DeFi applications to gain substantial traction on the Ethereum blockchain, Uniswap has maintained its prominence despite the emergence of competitors like
Blockchain
Launched in November 2017, Aave has emerged as a leading decentralized lending protocol within the rapidly expanding world of Decentralized Finance (DeFi). This innovative platform empowers users to lend and borrow cryptocurrencies, earning interest on deposits and accessing loans without traditional intermediaries like banks. Aave leverages smart contracts to automate
Regulation
The U.S. Federal Reserve announced on Thursday that it is maintaining its benchmark federal funds rate within the range of 4.25% to 4.50%, marking the first pause in rate adjustments since September of last year. This decision comes as the central bank acknowledges that while the unemployment
Regulation
Cryptocurrency exchange Crypto.com has announced it will suspend certain stablecoin and staking services in Europe starting January 31, 2025, due to the European Union's Markets in Crypto-Assets (MiCA) regulation. This move affects services related to Tether (USDT), PayPal USD, Pax Dollar, Crypto.com Staked ETH, and Crypto.
Finance
Trump Media and Technology Group, the company behind the social media platform Truth Social, has announced a significant expansion into the financial services sector through a strategic partnership with financial services leader Charles Schwab. This collaboration involves an investment of up to $250 million aimed at developing and launching the