Crypto entrepreneur Anthony Pompliano’s firm ProCap made its first Bitcoin purchase just days after revealing that it plans to go public later this year. The Bitcoin financial services firm, ProCap BTC, said on Tuesday that it purchased 3,724 Bitcoin (BTC) for $386 million. The investment is now worth just shy of $400 million at current…
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Mineral exploration company Panther Metals Plc has announced a Bitcoin treasury strategy combining traditional mining assets with Bitcoin holdings, leading to a surge in its stock price on Monday. In a statement, the UK-listed mining exploration company announced plans to buy 4 million British pounds ($5.4 million) in Bitcoin for a treasury account and strategy…
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Real estate mogul Grant Cardone has announced the firm’s first Bitcoin purchase as it becomes the latest firm to embrace a digital asset treasury strategy. Cardone Capital added 1,000 Bitcoin (BTC) to its balance sheet, becoming the “first ever real estate/Bitcoin company integrated with full BTC strategy,” CEO Grant Cardone said on X on Saturday. …
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Bitcoin prices dipped below six figures for the first time since early May, but the weakness is only temporary, according to BitMEX co-founder Arthur Hayes. Bitcoin (BTC) prices fell to their lowest level for more than six weeks in late trading on Sunday when they dipped below $98,500, coming after a US airstrike on Iranian…
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Spokane, the second-largest city in the US state of Washington, has banned crypto ATMs to fight rising scam activity targeting the city’s residents. Spokane City Council said on Monday that it became the first city in Washington to ban cryptocurrency ATMs following a unanimous vote. The measure was proposed by Council member Paul Dillon, who helped…
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BitMEX founder Arthur Hayes warns that an incoming wave of new stablecoin companies will try to follow Circle’s successful public offering, but are more likely doomed to fail. In a post on Monday, Hayes cautioned that while Circle’s IPO marks the beginning of “stablecoin mania,” most new public stablecoin companies will be overvalued and fail.…
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Bitcoin and cryptocurrency markets are dipping again as tensions in the Middle East further escalate, with US President Donald Trump leaving a summit of world leaders and posting an ominous message about Tehran. Trump has reportedly requested that the National Security Council be prepared in the White House Situation Room as he returned early from…
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The price of gold is nearing its all-time high as tensions in the Middle East escalate, but analysts say they’re doubtful Bitcoin will do the same as investors prioritize other safe-haven assets. The price of gold rose to $3,450 per ounce on Monday, just $50 shy of its all-time high of just below $3,500 in…
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The US Securities and Exchange Commission has rescinded a slate of rules the agency proposed under the Biden Administration, including two relating to crypto custody and exchanges. The SEC said on Thursday that it was “withdrawing certain notices of proposed rulemaking” that were issued between March 2022 and November 2023 under former Chair Gary Gensler.…
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The Trump administration’s more relaxed attitude to crypto doesn’t mean the Commodity Futures Trading Commission will give the industry an easy ride, says the agency’s acting chair, Caroline Pham. “There is no easy street for anybody, and regulators aren’t easy,” Pham told Yahoo Finance at the Coinbase Annual Summit on Thursday. “Just because we are…
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