Russia is moving closer to formally integrating crypto into its financial system, as officials acknowledge widespread adoption and the central bank prepares to let banks handle digital assets under tight controls. According to a report by TASS, Deputy Finance Minister Ivan Chebeskov said around 20 million Russians now use cryptocurrencies “for various purposes,” describing them
Morgan Stanley is widening access to cryptocurrency investments for its wealth management clients, CNBC reported Wednesday, in a move that signals a broader shift among traditionally cautious Wall Street institutions. Starting next Wednesday, the bank will allow its financial advisors to offer crypto investments to all clients — regardless of risk tolerance or net worth
Prestige Wealth (PWM) said it has closed a $150 million financing round to launch a digital asset treasuryfocused on XAUT$3,991.06, the gold-backed tokens of stablecoin giant Tether. The funding includes a $100 million private placement led by Antalpha (ANTA), a prominent bitcoin mining financing firm that and $50 million in senior debt, according to an
Soaring Bitcoin, gold, and stock prices have dazzled investors, but they come with an undercurrent of short-term volatility and record highs could be distracting from the growing threat of the U.S. deficit, analysts said. “Every shutdown, every stalemate, every borrowing debate highlights that the U.S. is living beyond its means,” Nigel Green, CEO of financial
Swiss voters narrowly approved the introduction of a state-issued electronic identity system, with 50.4% voting yes and 49.6% no. Hashgraph has voiced support for the e-ID initiative, with its IDTrust platform positioned as a privacy-first infrastructure. The e-ID, or electronic identity, is Switzerland’s leap toward a secure digital future. Issued by the federal government, this
BlackRock’s spot Bitcoin ETF is pulling in cash at a speed never seen in the fund industry. After another $4 billion streak of inflows this week, IBIT now holds more than 800,000 BTC, worth roughly $98 billion, and is within striking distance of a milestone that no ETF has ever reached this quickly. Bloomberg Intelligence
Millions of Russian citizens are already using cryptocurrency, finally convincing their government that regulation rather than prohibition is what’s actually needed. According to an estimate, coins in Russian wallets have reached dozens of billions of dollars in valuation, a clear indication of the growing popularity of decentralized digital money in an otherwise centralized system. Russian
Binance Japan’s business partnership with PayPay is an ambitious push to make crypto an everyday payment tool in Japan’s fragmented, yet rapidly evolving market. The crypto market in Japan is entering a new phase of mainstream adoption after PayPay, the SoftBank and Yahoo Japan-backed payments giant, took a 40 percent stake in Binance Japan to
A large cryptocurrency investor who surfaced two months ago with about $11 billion worth of Bitcoin has opened almost $900 million in short positions against Bitcoin and Ether, signaling expectations of a market correction despite widespread optimism for October. The whale returned to trading on Thursday with a $360 million Bitcoin (BTC) transfer that piqued
Key Takeaways The Central Bank of Russia is moving to permit limited crypto activity among banks. Strict capital reserve requirements will remain to manage risk, even as banks engage more with cryptocurrencies. Russia’s central bank is preparing to permit banks to engage in crypto operations under tight regulatory oversight. The monetary authority is exploring a