Brazilian fintech unicorn Meliuz said on March 6 that it has begun purchasing Bitcoin as part of a new treasury management strategy, joining a growing trend of traditional finance companies holding cryptocurrency assets. Meliuz, which provides cashback and financial technology services, announced its entry into the cryptocurrency market with its board of directors approving the…
Read more
Stablecoin operator Tether has frozen $27 million in USDt on the sanctioned Russian Garantex crypto exchange, forcing the platform to halt operations. “Tether has entered the war against the Russian crypto market and blocked our wallets worth more than 2.5 billion rubles [$27 million],” Garantex wrote on its official announcement channel on Telegram on March…
Read more
Emirates NBD, a Dubai government-owned bank, is offering new cryptocurrency services through its digital bank subsidiary Liv. Liv bank has enabled its customers to buy, hold and sell cryptocurrencies on its Liv X app in collaboration with Aquanow, a licensed crypto asset service provider, the companies said in a joint announcement on March 6. Introduced…
Read more
As US President Donald Trump prepares to host the first White House Crypto Summit on March 7, the industry is watching closely to see who will be invited. The roundtable, scheduled from 6:30 pm to 10:30 pm UTC, is expected to include more than 25 participants, including members of the Presidential Working Group on Digital…
Read more
Cryptocurrency banking firm Sygnum is partnering with crypto derivatives exchange Deribit, providing its off-exchange custody platform, Sygnum Protect. On March 5, Sygnum announced the expansion of Sygnum Protect, its off-exchange custody platform, to include Deribit, one of the world’s largest derivatives exchanges in crypto. This integration enables institutional Deribit traders to hold their assets in…
Read more
The memecoin market has erased all of the gains that followed Donald Trump’s presidential victory in November 2024, having lost more than half of its value since December. According to CoinMarketCap data, the total market capitalization of memecoins stood at $54 billion on March 5, down 56% from $124 billion on Dec. 5, 2024. The…
Read more
The European Securities and Markets Authority (ESMA) has added new comments on the status of stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA), adding to the ongoing uncertainty around their classification and use. On March 3, Binance announced plans to delist nine non-MiCA-compliant stablecoins, including Tether’s UDSt (USDT), for users in…
Read more
Turkish digital bank BankPozitif is set to launch cryptocurrency custody services in collaboration with Swiss crypto platform Taurus, making it the latest financial institution in Turkey to embrace digital assets. On March 4, BankPozitif announced a strategic partnership with Taurus, enabling its institutional clients to store crypto assets with the bank. The service is expected…
Read more
The International Monetary Fund (IMF) is looking to tighten restrictions on Bitcoin purchases by El Salvador as part of an extended $1.4 billion funding arrangement with the country. On March 3, the IMF issued a new request for an extended arrangement under its fund facility to El Salvador, filing several new documents, including a staff…
Read more
The International Monetary Fund (IMF) is looking to restrict Bitcoin purchases by El Salvador as part of an extended $1.4 billion funding arrangement with the country. On March 3, the IMF issued a new request for an extended arrangement under its fund facility to El Salvador, filing several new documents, including a staff statement update…
Read more