Bhutan has taken a remarkable step by placing crypto assets at the heart of its national development strategy. The Himalayan Kingdom announced plans to allocate up to 10,000 Bitcoins to support its new economic and social development project called “Gelephu Mindfulness City.” This commitment, worth approximately $860 million at current prices, demonstrates that Bitcoin is
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2726.78, down 0.5% (-14.03) since 4 p.m. ET on Tuesday. Two of the 20 assets are trading higher. Leaders: BCH (+0.8%) and SOL (+0.3%). Laggards: NEAR (-4.1%) and SUI
EquiLend, a securities finance utility giant with $40 trillion in lendable assets, said it made a “strategic” minority investment in Digital Prime Technologies, a regulated crypto financing provider. The company said it is responding to client demand for governed, transparent workflows that can run straight from trading to post-trade processing and reporting across both traditional
Uniform Labs, a blockchain infrastructure company founded by former Standard Chartered, UniCredit and other digital banking executives, has put its institutional liquidity protocol Multiliquid into production following build, audit and testing phases, the company said in a press release Wednesday. Multiliquid is designed to allow institutions to swap instantly, around the clock, between blue-chip tokenized
The U.S. Federal Reserve cut interest rates by 25 basis points last week, but that may not have been the biggest news to bitcoin BTC$87,491.03 bulls. The real surprise was the central bank’s announcement to start buying $40 billion in short-term U.S. Treasury bills. That sparked a bullish frenzy in the crypto community, and why
Genesis, a cryptocurrency lending institution undergoing bankruptcy proceedings, made a significant Bitcoin purchase in order to be able to repay its customers. The company purchased a total of 32,041 Bitcoins with the proceeds from the sale of Grayscale Bitcoin Trust (GBTC) shares. This purchase reportedly followed the completion of the sale of approximately 36 million
The Depository Trust & Clearing Corporation (DTCC), the industry-owned clearing and settlement market infrastructure, has selected the privacy-focused Canton Network as a tokenization partner, the companies said on Tuesday. The partnership, which will enable a subset of U.S. Treasury securities custodied at DTC to be minted on the Canton Network, follows DTCC’s recent receipt of
Moon Pursuit Capital, a crypto-focused investment firm, is launching its second fund, a $100 million market-neutral vehicle designed to deliver what it said are consistent, risk-adjusted returns across digital asset cycles. The new fund is built around an algorithmic trading strategy that aims to stay market-neutral and generate alpha without taking a strong directional view
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. People love to argue about whether Bitcoin (BTC) can reach a million dollars. They frame it as a prediction, a moonshot, or a marketing gimmick. Bulls treat it like the ultimate destiny.
Norway’s Norges Bank Investment Management (NBIM) has endorsed Metaplanet’s (3350) bitcoin BTC$87,102.65 focused strategy, voting in favour of all five management proposals ahead of the company’s Extraordinary General Meeting (EGM) on Dec. 22, according to a Bloomberg screenshot shared by Dylan LeClair, Metaplanet’s director of bitcoin strategy. NBIM, which is one of the world’s largest