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Tag: Crypto

Crypto Market sheds $130bn amid Trump tariff
Crypto

Crypto stocks sink as investors exit risk assets

Crypto-related stocks tumbled Tuesday as investors pulled back from tech and other high-risk assets. Coinbase and eToro each lost more than 5 per cent while Robinhood and Bullish fell over 6 per cent. Galaxy Digital slid 11 per cent and among crypto treasury firms, Strategy dropped 7 per cent, SharpLink Gaming 8 per cent Bitmine […]

Roqqu acquires Kenyan crypto exchange Flitaa
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Roqqu acquires Kenyan crypto exchange Flitaa

Nigerian crypto startup Roqqu has announced the acquisition of Flitaa, a smaller crypto exchange with operations in Nigeria and Kenya, in a move that marks its entry into East Africa’s fast-growing digital asset market. Although the exact value of the all-cash deal was not disclosed, sources estimate it to be between $85,000 and $350,000. The […]

Europe’s largest asset manager warns against US stablecoin boom
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Europe’s largest asset manager warns against US stablecoin boom

Europe’s largest asset manager, Amundi, has raised alarms over the potential global fallout from a surge in United States’ dollar-backed stablecoins, warning that it could significantly disrupt international money flows and threaten financial stability. The concerns come in the wake of the U.S. Senate’s passage of the GENIUS Act, a landmark bill that sets out […]

Cryptocurrency stocks climb as Ether hits six-month high
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South Korea to gradually introduce stablecoins through regulated banks

South Korea’s central bank has signaled a cautious but deliberate move toward the introduction of stablecoins tied to the Korean won, starting with the country’s tightly regulated commercial banking sector. At a press conference this week, Ryoo Sang-dai, Senior Deputy Governor of the Bank of Korea, emphasized that it would be “desirable to first allow […]

Bitcoin falls below $100,000 in crypto market
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Bitcoin falls below $100,000 in crypto market

Bitcoin tumbled below the closely watched $100,000 mark on Sunday, shedding over 4% of its value amid a broader selloff in the cryptocurrency market. As of 10:52 a.m. ET (14:52 GMT), Bitcoin — the world’s largest and most traded digital asset by market value — was down 4.13%, trading at $99,237, according to market data. […]

Europe’s largest asset manager warns against US stablecoin boom
News

US investor Pompliano launches $1bn Bitcoin treasury firm

Prominent U.S. investor and entrepreneur Anthony Pompliano has announced the formation of a new bitcoin treasury company that aims to hold up to $1 billion worth of the world’s largest cryptocurrency on its balance sheet. In a statement released Monday, Pompliano revealed that his financial services firm, ProCap BTC, will merge with Columbus Circle Capital […]

Europe’s largest asset manager warns against US stablecoin boom
News

Crypto firm Circle targets $7.2bn valuation

Cryptocurrency firm Circle Internet is targeting a valuation of up to $7.2 billion in its expanded initial public offering in the United States, signaling renewed investor enthusiasm in the stablecoin market. The upsized IPO, announced Monday, comes as the industry anticipates friendlier regulatory policies under President Donald Trump, who has voiced support for the crypto […]

Opera expands reach of MiniPay stablecoin wallet for African users
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Opera expands reach of MiniPay stablecoin wallet for African users

Norwegian tech firm Opera has launched its stablecoin wallet app, MiniPay, as a standalone iOS application, expanding access across Africa for the first time. Previously available only through the Opera Mini browser on Android, the move now brings the service to both major mobile platforms and signals a broader push into Africa’s fast-growing digital payments […]

Kuwait cracks down on crypto miners amid worsening power crisis
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Kuwait cracks down on crypto miners amid worsening power crisis

Kuwaiti authorities have launched a sweeping crackdown on illegal cryptocurrency mining, blaming the energy-intensive activity for worsening the country’s deepening power crisis ahead of the scorching summer months. The Interior Ministry announced the start of a “wide-ranging” security operation last week targeting residential properties across the country being used for crypto mining. Officials say the […]

Crypto giant Tether boosts stake in Juventus to over 10%
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Crypto giant Tether boosts stake in Juventus to over 10%

Cryptocurrency giant Tether has increased its ownership stake in Juventus Football Club to more than 10%, the company announced on Thursday, deepening its involvement in one of Europe’s most iconic football institutions. The move comes just months after Tether, the world’s fourth-largest crypto firm by market capitalization, made its initial investment in February. Juventus, Italy’s […]

Trump hosts crypto summit, unveils plan for US Bitcoin reserve
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Trump hosts crypto summit, unveils plan for US Bitcoin reserve

United States President Donald Trump welcomed cryptocurrency industry leaders to the White House over the weekend for a first-of-its-kind summit, where he outlined his vision for a government-held stockpile of digital assets. The event brought together top officials, lawmakers, and industry figures, including MicroStrategy CEO Michael Saylor, Coinbase co-founder Brian Armstrong, investors Cameron and Tyler […]

Europe’s largest asset manager warns against US stablecoin boom
News

Crypto heists hit $2.2bn in 2024 – Report

Funds stolen through cryptocurrency platform hacks soared by 21% in 2024, reaching $2.2 billion, according to a report released Thursday by blockchain analysis firm Chainalysis. This marks the fourth consecutive year in which thefts have exceeded $1 billion, with the number of incidents rising to 303 from 282 in 2023. The increase comes amid a […]

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