The U.S. markets regulators are melding their operations in the places where the duties of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) overlap, and building a crypto oversight framework is listed among the core aims of a written agreement released on Wednesday. Most of the objectives of the memorandum…
Ripple, the blockchain company closely associated with the XRP Ledger (XRP) network, has begun a share buyback that values the company at about $50 billion, according to a person familiar with the matter. The blockchain payments firm is planning to repurchase up to $750 million in shares from investors and employees through a tender offer…
Crypto platform Bullish (BLSH), which operates an institutional-only crypto exchange business, climbed into the top three centralized crypto exchanges by spot trading volume for the first time in February, overtaking Coinbase (COIN) as trading activity across the industry slowed, according to CoinDesk Data’s February Exchange Review. Spot trading volumes on Bullish, which is the parent…
Bitcoin’s resilience during the latest bout of global macro stress is starting to turn heads on trading desks. The largest crypto climbed to just shy of $71,000, up roughly 7% from Sunday evening lows, even as geopolitical tensions escalated over the Iran conflict and markets grappled with risks ranging from oil supply disruptions to stress…
Revolut, the London-based crypto-friendly fintech, said it received a full U.K. banking license, allowing it to offer a wider range of services and providing deposit protection for eligible funds almost two years after receiving a restricted registration. The company, valued at about $75 billion in a funding round in November, set up a new entity…
Bloomberg Intelligence senior commodity strategist Mike McGlone, who previously said bitcoin could drop to $10,000, is reiterating his call that bitcoin could still fall below that level, an outlook several market analysts said would require an extreme macroeconomic shock. In an interview with EllioTrades, McGlone said the crypto bear market may not be over and…
Wells Fargo (WFC), one of the largest U.S. banks overseeing $1.7 trillion in assets, has filed a trademark application for a new digital asset-focused platform branded as WFUSD, signaling that the bank is pushing deeper into crypto and blockchain. According to a Tuesday filing for the United States Patent and Trademark Office (USPTO), WFUSD would…
After retreating back to the $69,000 area during early U.S. morning hours Wednesday, bitcoin BTC$70,566.07 has quickly spiked to nearly $71,000. Other crypto assets, including ether (ETH), solana (SOL) and XRP, saw the same sharp moves higher. The gains appeared to come as crude oil quickly reversed most of its session’s large gains, dropping $3…
Foundry Digital, one of largest Bitcoin mining pools by hashrate, said it plans to introduce a zcash (ZEC) mining pool by next month, expanding beyond BTC and bringing a large institutional operator into the privacy-focused network. With the new pool, Foundry aims to offer zcash miners a U.S.-based platform designed around compliance checks, reporting standards…
Mastercard has launched a new Crypto Partner Program that brings together more than 85 companies from across the digital asset and payments industries, an effort to link blockchain technology more directly with the infrastructure that underpins global commerce. The program includes crypto exchanges, blockchain developers, fintech firms and banks such as Binance, Circle, Ripple, Gemini,…
