Stablecoin adoption among United States banks and financial institutions may accelerate following the passage of new legislation in the Senate. The Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act passed the US Senate in a 68–30 Tuesday vote, Cointelegraph reported. The bill aims to set clear rules for stablecoin collateralization and mandate…
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ARK Invest, the cryptocurrency-friendly investment firm founded by Bitcoin bull Cathie Wood, continued selling shares of USDC stablecoin issuer Circle, offloading nearly $100 million in two days. ARK dumped another 300,108 Circle shares from its three funds for $44.7 million on Tuesday, according to a trade notification seen by Cointelegraph. The sale came amid Circle…
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Bitmain, Canaan and MicroBT — which collectively produce most of the world’s Bitcoin mining application-specific integrated circuits, or ASICs — are bringing production to the US, according to a Wednesday report by Reuters. The shift comes in response to hefty reciprocal tariffs imposed on China by US President Donald Trump. Tariffs currently stand at 25%…
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Paris-listed technology firm The Blockchain Group has expanded its Bitcoin reserves with the purchase of 182 BTC for approximately $19.6 million, bringing its total holdings to 1,653 BTC. At current market prices, the company’s stash is valued at over $170 million. The latest acquisition by Europe’s first Bitcoin treasury company, finalized on June 17, was…
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Key takeaways: Bitcoin price consolidates around $105,000 as liquidity builds up above the spot price. A support/resistance flip at $106,00 is a must for the bulls as $100,000 remains a key level. Bitcoin fell alongside the broader crypto market during Tuesday’s late New York trading hours, dropping by as much as 4% to $103,400 after…
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Canadian agricultural firm AgriFORCE Growing Systems Ltd. has launched an initiative to use stranded gas to power 120 Bitcoin mining rigs, which the company says it plans to expand. The site, located in Berwyn, Alberta, and launched in partnership with energy provider BlueFlare Energy, draws in 425 kilowatts (kW) for 32 petahashes per second (PH/s)…
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Bitcoin and the broader crypto market tumbled after US President Donald Trump sparked macroeconomic uncertainty with his remarks threatening Iran’s supreme leader, Ayatollah Ali Khamenei. “We know exactly where the so-called ‘Supreme Leader’ is hiding. He is an easy target, but is safe there — We are not going to take him out (kill!), at…
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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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Europol has shuttered one of the longest-running dark web marketplaces, Archetyp Market, but blockchain intelligence firm TRM Labs says the marketplaces are highly adaptive to shutdowns. Europol said on Monday that it shut down Archetyp Market’s main infrastructure in the Netherlands through a series of raids involving six countries. Key Archetyp personal and technical infrastructure…
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At least four publicly-traded US firms announced on Tuesday that they would bulk up their crypto investments by a total of $844 million, adding to the number of corporations looking for a boost from Bitcoin and other cryptocurrencies. The largest raise on Tuesday was from the Hong Kong-based heat-and-eat meal seller DDC Enterprise Ltd, which…
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