Galaxy Digital has closed a $175 million venture fund, its first with outside capital, as the company ramps up plans to invest in early-stage crypto startups. The fund, which exceeded its $150 million target, marks the first time Galaxy has accepted outside capital. Until now, the company had relied solely on its own balance sheet…
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Hong Kong’s latest digital asset blueprint places stablecoin regulation and asset tokenization at the heart of its strategy to become a global crypto and fintech hub. The policy statement, issued on Thursday, introduces a framework known as “LEAP,” targeting legal clarity, ecosystem expansion, real-world applications and talent development. It builds on the foundation laid by…
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Metaplanet, Japan’s largest corporate Bitcoin treasury, announced today that it had purchased an additional 1,234 Bitcoin, bringing its total holdings to 12,345 BTC. The latest acquisition, disclosed in a filing, puts Metaplanet ahead of Tesla’s current Bitcoin stash of 11,509 Bitcoin (BTC). Metaplanet currently holds the seventh-largest corporate Bitcoin treasury, according to BitcoinTreasuries.NET. The company…
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Users across social media are dismayed after noticing Ledger, a major provider of hardware crypto wallets, announced last month it was sunsetting support for the Nano S. In the original announcement on May 30, Ledger said it was transitioning away from the Ledger Nano S, and as a result, new applications, feature submissions and app…
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Shares in Bit Digital fell by nearly 4% on Wednesday after the crypto mining firm announced it would wind down or sell its Bitcoin mining infrastructure and use the proceeds to buy more Ether. In a statement, the company said it would gradually convert its entire Bitcoin (BTC) stack to Ether (ETH), but it did…
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Seattle-based crypto ATM operator Coinme has agreed to pay a $300,000 penalty for violating daily transaction limits for crypto ATMs in California. California caps crypto ATM transactions at $1,000 per customer per day under a law brought in last year. The company also failed to include required disclosures on customer receipts at its kiosks located…
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GameStop shares have traded sideways despite another $450 million raise as part of its private convertible note offering for investments, which could include Bitcoin. The retailer disclosed to the US Securities and Exchange Commission on Monday that someone who opted into the initial $2.25 billion note offering has decided to purchase an additional $450 million.…
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Analysts say the US dollar hasn’t shown its usual safe-haven strength during the recent Iran-Israel conflict, while Bitcoin is rising in another attempt to reach its $111,970 all-time high. “The dollar index is dabbling in new cycle lows today,” macroeconomist Lyn Alden said in a post on Wednesday. “Barely got any flight-to-safety bid in the…
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Australian federal police said it has contacted over 90 Australians as part of a crackdown on criminal use of crypto ATMs, including pig butchering victims and suspected offenders. One of the victims was a 77-year-old widow who was scammed out of 433,000 Australian dollars ($281,947) in an online dating scam, Australia’s financial intelligence agency, AUSTRAC,…
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Cryptocurrency exchange Kraken announced that it can now expand its offerings and across European Union’s member states after securing a license under the Markets in Crypto-Assets (MiCA) framework. In a Wednesday notice, Kraken said it had received the MiCA license from the Central Bank of Ireland, allowing the exchange to offer regulated services to residents…
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