Alibaba’s cross-border arm is exploring an alibaba deposit token to speed up international payments as Beijing tightens control over stablecoins. Summary What is the alibaba deposit token plan? Why is China saying no to stablecoins? Offshore yuan stablecoins: what’s allowed? What comes next for Alibaba and Hong Kong? What is the alibaba deposit token plan?
The crypto community on X has been dominated by prominent figures advocating for the adoption of Zcash as privacy becomes increasingly threatened by governments and regulators. While the Winklevoss twins, Naval Ravikant, and Balaji Srinivasan back the adoption of Zcash (ZEC), its success could spur the Bitcoin ecosystem to push for more privacy features by
Real estate investor Grant Cardone is expanding its multifamily housing fund strategy that pairs a traditional commercial property with Bitcoin allocations, offering a hybrid approach to real estate and digital asset exposure. The company recently launched its fifth commercial multifamily investment property, a 366-unit multifamily housing complex that was purchased for about $235 million, with
Publicly traded Bitcoin treasury and mining company American Bitcoin’s stock is on the rise Friday—despite other major miners taking a hit. The Nasdaq-listed firm, which trades under the ABTC ticker and is fronted by President Donald Trump’s sons, dropped Friday morning New York time to as low as $4.50 before shooting upwards to its most
Strategy’s co-founder and Executive Chairman Michael Saylor denied rumors that Strategy is selling its Bitcoin on X, after describing the firm’s hunger for BTC as insatiable—no matter how far its price faults—in a Friday interview on CNBC. The Bitcoin-buying firm will continue adding to its $62.3 billion stockpile, and remains undeterred by the asset’s recent
Michael Saylor, co-founder and chairman of Strategy, one of the largest institutional buyers of Bitcoin, has strongly denied allegations that the company sold thousands of BTC. The rumors were fueled further after MSTR shares fell to their lowest levels in a year. The allegations came to light with a note shared by Walter Bloomberg on
BlackRock’s tokenized U.S. Treasury fund (BUIDL), issued by Securitize, will now be accepted as collateral for institutional trading on Binance, the world’s largest crypto exchange by volume, the firms said in a Friday press release. Using BUIDL as off-exchange collateral means traders can post the token with a custody partner, rather than directly on the
A Washington man was convicted in a federal jury trial this week for taking tens of millions of dollars from the company he worked for—and losing nearly all of it in a botched crypto play. Nevin Shetty, 41, was found guilty Thursday on four counts of wire fraud for taking and misusing some $35 million