Institutionally-backed Bitcoin native company Twenty One Capital has launched for public trading on the New York Stock Exchange under the ticker XXI. The Jack Mallers co-founded company has the ambition of becoming the largest publicly-traded holder of Bitcoin (BTC), and its Tuesday US launch follows the completion of its business combination with Cantor Equity Partners.…
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Major tokenization platform Securitize has doubled down on its push to bring tokenized equity to US investors, naming a former PayPal executive as its new general counsel. Securitize on Tuesday announced the appointment of ex-PayPal executive Jerome Roche, who led the company’s expansion into digital asset projects, including the PayPal USD (PYUSD) stablecoin. Securitize also said…
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Hong Kong has launched a public consultation on how to implement the international Crypto-Asset Reporting Framework, or CARF, as it moves to bring crypto tax data sharing in line with global standards. According to a Tuesday news release, Hong Kong is seeking input on both the implementation of CARF and changes to tax reporting standards.…
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Introduction of stricter rules for crypto exchanges in Japan Japan is in the process of introducing significant changes to cryptocurrency regulation following renewed attention to Mt. Gox-related repayment activity in 2024. The Financial Services Agency (FSA) plans to introduce new rules requiring cryptocurrency exchanges to maintain special “liability reserves” to protect customers if their assets…
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Bitcoin (BTC) price action has painted bearish continuation patterns on its daily chart, which may propel BTC to new lows, according to analysts. Key takeaways: A sharp decline in spot buying and weakening ETF demand suggests that the upside may be limited. Bitcoin’s bear flag pattern on the daily time frame targets $67,000 BTC price.…
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Stablecoin issuer Circle has secured regulatory approval to operate as a financial service provider in the Abu Dhabi International Financial Center, deepening its push into the United Arab Emirates. In an announcement Tuesday, Circle Internet Group said it received a Financial Services Permission license from the Financial Services Regulatory Authority of the Abu Dhabi Global…
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Bitcoin (BTC) retail investors are setting new records as “structural decline” sets in this bull market. Key points: Bitcoin entities holding up to 1 BTC are sending less per day to Binance than ever before. A tale of “structural decline” comes in the era of spot Bitcoin ETFs. Whale positioning hints at a new BTC…
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There are at least 400,000 fewer Bitcoin on exchanges compared to the same time last year, in a positive sign for the market, according to the market intelligence platform Santiment. Over 403,000 Bitcoin (BTC) have moved off exchanges since Dec. 7, 2024, representing roughly 2% of the total supply, Santiment said in an X post…
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Crypto companies seeking a US federal bank charter should be treated no differently than other financial institutions, says Jonathan Gould, the head of the Office of the Comptroller of the Currency (OCC). Gould told a blockchain conference on Monday that some new charter applicants in the digital or fintech spaces could be seen as offering…
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The US Commodity Futures Trading Commission has issued updated guidance for tokenized collateral in derivatives markets, paving the way for a pilot program to test how cryptocurrencies can be used as collateral in derivatives markets. Collateral in derivatives markets serves as a security deposit, acting as a guarantee to ensure that a trader can cover…
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