IG Group, the United Kingdom-listed trading and financial services company, is launching cryptocurrency trading to retail investors, expanding its footprint in the digital assets space. IG customers can now access 31 crypto assets, including Bitcoin (BTC), Ether (ETH), XRP (XRP), and a variety of altcoins and memecoins such as Bonk (BONK), the company said in…
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Payment giant Stripe has reportedly held early discussions with banks about potentially integrating stablecoins, signaling growing acceptance in global banking. After debuting stablecoin-based accounts in 100 countries in early May, Stripe has noticed significant interest in stablecoins — cryptocurrencies tied to fiat currencies like the US dollar — from global banks. “In the conversations we…
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Former European Central Bank (ECB) official and Governor of the Bank of Italy, Fabio Panetta, has touted the digital euro as a key tool for controlling the risks around growing cryptocurrency adoption. The Bank of Italy, on May 30, released an annual report with the governor’s concluding remarks on the state of the economy. Panetta said the…
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Ripple’s newly acquired prime broker, Hidden Road, has launched cryptocurrency swaps for institutional investors in the United States. The service allows US institutional clients to trade cash-settled over-the-counter (OTC) swaps across multiple major crypto assets, Hidden Road announced on May 28. The new OTC swap product is offered by Hidden Road Partners, the company’s entity…
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The Bank of Russia has officially permitted financial institutions to offer certain cryptocurrency-based financial instruments to accredited investors. Russian banks are now free to provide qualified investors with a range of crypto products, including crypto derivatives, securities and other digital financial assets tied to crypto prices, the central bank announced on May 28. A key…
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GameStop, the US video game and consumer electronics retailer, has confirmed its first Bitcoin investment, acquiring 4,710 Bitcoin for $513 million, according to an official statement posted May 28 on the company’s X account. The announcement is the first publicly acknowledged Bitcoin (BTC) purchase by GameStop since the company disclosed plans to move into Bitcoin…
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BlackRock, one of the world’s largest Bitcoin holders, is reportedly participating in a bond raise by crypto-friendly messenger Telegram. Telegram is expected to raise at least $1.5 billion in a bond issue on May 28, with support from existing backers like BlackRock and Abu Dhabi’s investment firm Mubadala, The Wall Street Journal reported. As part…
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The United Kingdom is leading the world in increasing cryptocurrency ownership among its population in 2025, outpacing economies including the United States, according to a new study by Gemini. Gemini, the US-based crypto exchange founded by Cameron and Tyler Winklevoss, on May 27 released its latest “State of Crypto” report, giving insights into changes in…
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Michael Saylor’s Strategy, one of the world’s largest corporate Bitcoin investors, bagged a fresh stash of BTC as the price briefly surged above $110,000 last week. Strategy acquired 4,020 Bitcoin (BTC) for $427.1 million between May 19 and 23, the company announced on May 26. The latest purchases were made at an average price of…
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Cryptocurrency investment products saw a sharp increase in inflows last week, driving the year-to-date total above $10 billion, according to data from European crypto investment manager CoinShares. Global crypto exchange-traded products (ETPs) recorded $3.3 billion of inflows during the week ending May 24, bringing total inflows year-to-date to a new record of $10.8 billion, CoinShares…
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