Andrew Bailey, the Governor of the Bank of England, has issued a warning to the world’s largest banks against issuing their own stablecoins, setting up a potential regulatory and ideological clash with the Trump administration in the United States, which has been actively encouraging stablecoin adoption. In a recent interview, Bailey said he would much
Crypto companies are not waiting around. They’re charging into the US banking system with full force under Donald Trump’s presidency, taking advantage of what they see as a wide-open regulatory window. Ripple, a crypto payments company, and Circle, which handles stablecoins, have both applied for national trust bank charters. BitGo, a crypto custody firm, has
British crypto fintech firm Ziglu has collapsed alongside a cumulative $2.7 million in losses in user funds. According to reports, the firm, which acts as an investment platform, suffered a shortfall worth millions of pounds. Administrators mentioned that they discovered a £2 million black hole at Ziglu, which suspended withdrawals in May and was put
Hong Kong’s Financial Secretary, Paul Chan Mo-po, was on a three-day visit to Seoul, South Korea, where he worked on promoting the special administrative region’s (SAR) latest developments and opportunities to the local financial, trade, business, and innovation sectors. The visit is part of Hong Kong’s recent attempt to position itself as a hub for
The Czech National Bank (CNB) has arrived on the crypto scene according to its latest U.S. regulatory filing. The central bank of the European nation added a new position in Coinbase during the second quarter of 2025, marking a rare publicly recorded exposure to a crypto-related equity. The move came alongside an increase in the
A growing number of publicly traded companies are stockpiling digital assets in their corporate treasuries—a sign of growing interest in crypto as prices soar. But as more firms imitate software firm Strategy’s token-HODLing playbook, things have become weird. Several publicly traded companies with unorthodox operating businesses are beginning to add Bitcoin and other virtual currencies
A dire warning signals investors should be “very concerned” as Linqto’s bankruptcy exposes collapsed legal structures, pooled customer assets, and looming reclassification as unsecured creditors. Linqto Collapse Is a ‘Brutal Wake-up Call’—Why Customers Should Be Very Concerned A cascade of structural failures in Linqto’s investment model now threatens to leave thousands of users with little
A growing financial storm could hit the US dollar and Treasuries if President Donald Trump removes Federal Reserve Chair Jerome Powell from his post. According to Deutsche Bank, this scenario is being severely mispriced by the market, and if it happens, the fallout could be fast and brutal. The warning came from George Saravelos, the
Major cryptocurrencies, excluding XRP, registered moderate losses as President Donald Trump announced fresh tariffs on imports from Mexico and the European Union (EU). The President slapped 30% levy on the two trading partners, which will take effect from Aug. 1, according to letters Trump posted on his Truth Social account. “Mexico has been helping me
Robinhood stock shot past $103 on Friday before sliding lower by close, closing out another wild day in what has been a monster year. The financial platform is now up more than 161% in 2025, fueled by the crypto market’s rally and a flood of retail momentum. But that spike came just as Bloomberg reported