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According to a press release, Peanut, a payment network startup, has secured $1.5 million in pre-seed funding to develop its digital dollar transfer platform. The company aims to create a system for sending stablecoins across borders without requiring users to have technical knowledge of digital currencies. The platform currently
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KULR Technology Group has expanded its bitcoin holdings with an additional $8 million purchase, bringing its total bitcoin investment to $50 million. The company acquired the new bitcoins at an average price of $101,695 per bitcoin, including fees. KULR now holds 510 BTC in its treasury. The latest purchase
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In what could be described as the financial equivalent of refusing to leave the house because it might rain, the National Bank of Poland (NBP) has declared it will not consider holding Bitcoin reserves "under any circumstances." NBP President Adam Glapiński showcased his mastery of risk assessment with
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Japan's Financial Services Agency (FSA) is preparing major changes to cryptocurrency regulations that would classify digital assets as financial products similar to securities. The planned reforms aim to bring more transparency to the crypto market through expanded company disclosure requirements. The FSA has started closed meetings with industry
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Hong Kong has started accepting Bitcoin as proof of assets for investment immigration applications. The Hong Kong Investment Promotion Agency has approved two cases where applicants used digital assets to meet the HK$30 million ($3.8 million) residency requirement. The most recent approval came on February 7, 2025, when
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Czech President Petr Pavel signed a comprehensive digital finance law on February 6, 2025, introducing significant changes to cryptocurrency regulations. The legislation removes capital gains tax on Bitcoin and other crypto assets held for more than three years, aligning the country with other crypto-friendly European nations like Germany, Switzerland, and
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Alexey Pertsev, the developer of cryptocurrency mixer Tornado Cash, has been released from custody under electronic monitoring on February 7, 2025. Pertsev had been in pre-trial detention since 2022 following charges related to the cryptocurrency mixing service. The Dutch court's decision comes after Pertsev was sentenced to five
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Missouri State Representative Ben Keathley has introduced House Bill 1217, which proposes the creation of a Bitcoin Strategic Reserve Fund to diversify the state's investment portfolio. The bill, filed on February 6, would allow the state treasurer to receive, invest, and hold Bitcoin under specific conditions. Today I
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The Securities and Exchange Commission (SEC) is making significant changes to its cryptocurrency regulation approach, including staff reductions and new oversight requirements. The special cryptocurrency enforcement unit, which currently employs more than 50 lawyers and staff members, will be downsized with some attorneys transferring to other departments. The changes come
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Bitcoin exchanges saw a significant movement of funds on Wednesday as over 17,000 BTC, valued at $1.6 billion, left centralized platforms. The data, reported by Glassnode and shared by Bitwise's head of research Andre Dragosch, represents the largest single-day withdrawal since April 2024, with Bitcoin trading
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Norway's central bank investment division, Norges Bank Investment Management (NBIM), now holds MicroStrategy shares worth $500 million, showing growth in its Bitcoin-linked investments. The fund's indirect Bitcoin holdings grew from 2,446 BTC to 3,821 BTC in the second half of 2024. The investment comes
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Trump has started another round of trade wars. The new tariff order has taken effect: 25% against Mexico and Canada, and 10% against China. The official justification? Fentanyl smuggling into the US. Canada and Mexico are rolling out retaliatory tariffs, while China plans to file a WTO complaint. The impact
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Fifteen US states have begun taking steps toward establishing government-owned Bitcoin reserves, following President Donald Trump's recent executive order to explore creating a national cryptocurrency stockpile. The movement gained momentum after Trump's election victory and his continued support for making America "the crypto capital of
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Philcoin has officially launched PhilSocial, a blockchain-based social platform that integrates social media engagement with philanthropy. Built on the Polygon blockchain, this hybrid app introduces a "Get2Give" model, where users can contribute to charitable causes while engaging in everyday online interactions. To drive PhilSocial’s global presence and
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Bitcoin reached a new milestone of $105,000 on Thursday following the Federal Reserve's latest policy meeting, where Chair Jerome Powell confirmed that US banks can provide services to cryptocurrency clients. The price surge came after a brief dip to $101,800 on Wednesday, putting the leading cryptocurrency
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The head of the Czech National Bank (CNB) plans to propose investing billions of euros from the country's reserves into bitcoin, potentially becoming the first western central bank to hold cryptocurrency assets. Governor Aleš Michl will present this plan to the bank's board at an upcoming