Japanese investment firm Metaplanet has purchased an additional 780 Bitcoin, reinforcing its position as the only non-US company among the top 10 corporate Bitcoin holders. The company disclosed the acquisition in a Monday announcement. Following its latest Bitcoin (BTC) purchase, Metaplanet’s holdings reached a total of 17,132 BTC, with an average purchase price on the…
Read more
Nigeria’s Securities and Exchange Commission (SEC) Director-General Emomotimi Agama said the country is open to stablecoin businesses that comply with local regulations. According to a Thursday report by English-language local news outlet, The Cable, Agama said stablecoin companies that comply with local regulations are welcome in Nigeria. “Nigeria is open for stablecoin business, but on…
Read more
An Arizona woman was sentenced to more than eight years in federal prison for helping North Korean operatives infiltrate US cryptocurrency and tech firms using stolen identities and fraudulent documents. According to a Thursday announcement by the US Attorney’s Office for the District of Columbia, Christina Marie Chapman was convicted of wire fraud conspiracy, aggravated…
Read more
Japanese publicly listed artificial intelligence company Quantum Solutions said it plans to create a Bitcoin treasury of 3,000 BTC within the next year, an investment of more than $350 million at current prices. According to a Thursday announcement, Quantum Solutions’ Bitcoin (BTC) treasury will be managed by wholly owned Hong Kong subsidiary GPT Pals Studio…
Read more
London-based artificial intelligence firm Satsuma Technology raised 100 million British pounds ($135 million) for its new Bitcoin treasury, setting a national record for BTC treasury raises. According to a Thursday announcement, Satsuma Technology said it “has successfully closed the book on the raise materially in excess” of the $135 million target. The company expects all…
Read more
Mara Holdings, one of the largest publicly traded crypto mining firms, said it intends to offer up to $1 billion worth of convertible senior notes, with a portion of the funds intended for Bitcoin purchases. According to a Wednesday announcement, $850 million of notes will be offered to qualified institutional buyers due in 2032. The…
Read more
South Korea’s Financial Supervisory Service (FSS) advised local asset managers to avoid excessive exposure to crypto firms. According to a Wednesday report by The Korea Herald, the FSS verbally instructed local asset managers to limit exposure to crypto firms. The report cited Coinbase and Strategy stock as examples. The guidance was reportedly informal and advisory.…
Read more
Western Union is exploring ways to integrate stablecoins into its services as the firm seeks to modernize cross-border payments. During a Monday interview with Bloomberg, Western Union CEO Devin McGranahan said that the company views stablecoins as an opportunity. He also said it is exploring partnerships with major crypto industry players to offer stablecoin on-ramp…
Read more
Singapore-based AI edtech firm Genius Group doubled its Bitcoin holdings to 200 BTC in July while expanding its crypto initiatives under the newly passed GENIUS Act. Source link
Chinese blockchain Conflux announced the third version of its public network and introduced a new stablecoin backed by the offshore Chinese yuan. According to a report from the Shanghai municipal government on Sunday, Conflux announced the developments during a three-day conference held over the weekend. At the event, Conflux unveiled a partnership with fintech firm…
Read more