Russia has officially banned Ukrainian-founded cryptocurrency exchange WhiteBIT, escalating efforts to crack down on firms it says are supporting Ukraine’s war effort. The country’s prosecutor general designated WhiteBIT and its parent company, W Group, as “undesirable organizations,” a legal label that criminalizes any activity involving the firm in Russia. Russian authorities accused the exchange of…
As if continuing declines in the bitcoin price weren’t enough, shares of bitcoin miners who have shifted their business plan to focus on AI infrastructure were mostly sharply lower Monday following Nvidia’s $2 billion investment in CoreWeave. While the investment underscores growing demand for high-performance computing as AI applications expand, it also highlights the challenges…
If Congress fails to pass market structure legislation this year, the U.S. crypto market would not revert to the enforcement-heavy environment of 2022 and 2023, but it would remain structurally constrained at a moment when global adoption and institutional interest are accelerating, Wall Street broker Benchmark said. “The absence of legislation would cause a structural…
Strategy (MSTR) continued its weekly bitcoin BTC$87,961.46 purchases last week, although at a reduced level from the $1 billion-plus acquisitons of the previous two weeks. Led by Executive Chairman Michael Saylor, MSTR added 2,932 bitcoin for $264.1 million, or an average price of $90,061 each. The company’s holdings now stand at 712,647 bitcoin acquired for…
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin is struggling to hold ground as concerns over the strength of the yen and fiscal instability drove a divergence between crypto and traditional safe-haven assets. Bitcoin fell 0.8% in 24 hours to sit below $88,000, and ether lost more than 1.6% to just under $2,900….
Metaplanet (3350) expects its revenue to nearly double this year after a volatile end to 2025 that saw the firm post a paper loss of over 100 billion yen ($650.6 million) over bitcoin’s sharp correction. The Tokyo-listed company revised its full-year FY2025 forecast and released its outlook for FY2026, showing operating income and sales far…
After weeks in which the bitcoin BTC$87,948.56 price has been constrained mainly between $85,000 and $95,000, the crypto market may be thrown a reason to break out of the doldrums on Wednesday, when the Federal Open Markets Committee sets U.S. interest rates. May, that is. Not will. The consensus, more than 97%, is for the…
Coinone, one of a handful of regulated South Korean cryptocurrency exchanges, is reportedly up for sale, with both local financial institutions and foreign exchanges among the rumored bidders. The company has begun a process to sell the stake held by Chairman Cha Myung-hoon, who controls 53.4% of the company, the local news agency Seoul Economic…
The Financial Conduct Authority has begun seeking final feedback on a set of proposals aiming to apply traditional finance standards to the UK crypto sector. The UK’s financial watchdog is entering the final stages of its consultation process for a host of key proposed crypto regulations as the agency continues to work on the government’s…
Binance co-founder Changpeng Zhao has ruled out returning to the crypto exchange, despite a pardon from US President Donald Trump opening the door for it to be possible. Zhao told CNBC’s Squawk Box on Sunday that it’s his understanding that the pardon means the former restrictions “are completely lifted,” but shot down any suggestions of…
