Bitcoin Approaches $80,000 Following Declaration of Open Strait of Hormuz
Bitcoin surged toward the $80,000 mark after Iran announced that the Strait of Hormuz was fully open to commercial traffic for the remaining duration of a ceasefire. This announcement eased…
Bitcoin and Stocks Rally as Iran Declares Strait of Hormuz Open Amid Ceasefire
On Friday, Bitcoin surged to its highest level in two months following an announcement by Iran that commercial traffic would be permitted through the Strait of Hormuz during a ceasefire…
Profitable Turnaround: Strategy’s Bitcoin Holdings Surge as BTC Tops $77,000
Bitcoin (BTC) has soared past the $77,000 mark for the first time since its steep decline on February 5th when it fell to around $60,000. This significant price movement is…
Kraken Parent Payward Set to Acquire Bitnomial for $550 Million
Payward, the parent of cryptocurrency exchange Kraken, announced Friday that it has finalized a deal to acquire derivatives platform Bitnomial for up to $550 million in cash and stock. The…
Stellar (XLM) Climbs 1.5% as CoinDesk 20 Index Sees Incremental Gains
In its daily market update, CoinDesk Indices details the performance shifts within the CoinDesk 20 Index, identifying both top performers and underperformers. The index is currently valued at 2125.52, marking…
Bitcoin Surges Over $76,000 Amidst Oil Price Drop Following Iran’s Strait of Hormuz Reopening
Bitcoin’s price has once again surpassed the $76,000 mark, coinciding with a nearly 10% drop in crude oil prices due to the reopening of the Strait of Hormuz. Iranian Foreign…
Stablecoins Soar Past $320B Amid Yield Token Surge, Clarity Act Stalemate
The supply of stablecoins has reached a new high of $320 billion this week, marking yet another milestone in the rapid expansion of dollar-linked digital assets. Despite ongoing deliberations in…
France Advocates for Expansion of Euro Stablecoins Amid Policy Change
French Finance Minister Roland Lescure has called for an increase in euro-issued stablecoins, urging banks across the European Union (EU) to explore tokenized deposits, as reported by Reuters on Friday.…
SEC’s New Crypto Strategy Unveiled in Launch Podcast Episode
Under the leadership of Chair Paul Atkins, the SEC is signaling a shift towards cooperation with the crypto sector, prioritizing innovation over confrontation. This approach raises questions about whether these…
Payward Agrees to Acquire Bitnomial for $550 Million as Part of Strategic Expansion
Payward, the parent company of the crypto exchange Kraken, has announced a deal to acquire digital asset derivatives platform Bitnomial in a cash-and-stock transaction valued at up to $550 million.…