Decentralized finance (DeFi) will turn Bitcoin from a passive store of value into an asset that can challenge traditional finance, prominent figures in the Bitcoin space say. At the Bitcoin 2025 conference in Las Vegas, speakers shared a conviction that Bitcoin’s infrastructure will power the next generation of DeFi applications in the network’s next chapter,…
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Cryptocurrency entrepreneur Anthony Pompliano is reportedly in talks to launch a new Bitcoin-buying vehicle that will seek to raise $750 million. Pompliano is expected to become CEO of ProCapBTC, a Special Purpose Acquisition Company (SPAC) that is set to merge with the publicly traded blank cheque vehicle Columbus Circle Capital 1, the Financial Times reported…
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Walmart and Amazon are reportedly mulling plans to issue their own US dollar-backed stablecoins for customers, signaling wider institutional stablecoin adoption amid improving regulatory clarity in the United States. The two retail giants are mulling the development of brand-specific stablecoins, according to people familiar with the matter, The Wall Street Journal reported on Friday. While…
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A Polkadot governance proposal to convert 500,000 DOT tokens to Threshold Bitcoin (tBTC) for diversification and long-term stability has received mixed reactions from community members. While some believe Bitcoin (BTC) will serve as a hedge against market uncertainty, others remain skeptical about the timing amid all-time high BTC prices. In early June, pseudonymous Polkadot community…
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Key points: BTC price action has rejected from the upper Bollinger Band several times since April. The metric’s creator now sees the potential for the local uptrend to end altogether. Bitcoin bulls face multiple headwinds in June. Bitcoin (BTC) is signalling the end of its local uptrend after rejection at $110,000, one of the best-known…
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Video game and consumer electronics retailer GameStop increased its planned private convertible note offering to $2.25 billion, signaling a deeper commitment to building out its corporate Bitcoin treasury. GameStop upsized its private convertible note offering to $2.25 billion on Thursday, with the sales of the notes expected to close on Tuesday. The video game retailer…
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Cryptocurrency exchange KuCoin has launched a fully regulated local subsidiary in Thailand after acquiring an operational license from the country’s Securities and Exchange Commission (SEC). KuCoin Thailand is the company’s first fully regulated local digital asset exchange. In a Friday announcement, KuCoin said the launch reflects its commitment to security and compliance, citing its recent…
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The alleged operators of My Big Coin have been ordered to pay around $25.8 million in fines to the Commodity Futures Trading Commission for their roles in the crypto scheme. The CFTC said on Wednesday that a Massachusetts federal court judge entered a default judgment ordering My Big Coin Pay, Inc., My Big Coin, Inc.,…
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Major darknet marketplace Huione is reportedly still operating and growing, despite the shutdown of its website and Telegram channels. Haowang Guarantee, formerly Huione Guarantee, said on May 13 that it was shutting down after the Telegram messaging service banned thousands of its associated accounts and channels. However, Chainalysis said in a report on Thursday that…
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Bitcoin has tumbled closer to the psychologically important $100,000 price level, dashing traders’ hopes of a new all-time high after Israel launched a series of airstrikes on Iran. Explosions reportedly rocked Iran’s capital of Tehran at 22:50 UTC on Thursday before Israel claimed responsibility for the attacks, which saw Bitcoin (BTC) drop 2.8% from $106,042…
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