Cryptocurrency News

The bank, which is currently the third largest financial institution in Brazil, confirmed that it had found a partner to enter the cryptocurrency custody business, including stablecoins. Bradesco’s head of innovation also indicated that the bank had an internal structure dedicated to digital assets. Bradesco Announces Future Launch of Cryptocurrency Custody Services Traditional financial institutions…Read More

The stablecoin giant announced an undisclosed investment in LemFi, a migrant-focused remittance-based platform that allows users to send and receive money across 30 countries. The investment will support LemFi’s integration of USDT across its product suite, delivering faster and cheaper services to its customers. Stablecoin Behemoth Tether Invests in Remittance Platform LemFi Stablecoins have become…Read More

The analyst believes that one of the reasons ether has been under selling pressure is linked to the conflict in the Middle East and the subsequent rise in oil prices. To Lee, this is “short tactical noise,” and prices should be stronger later this year. Fundstrat’s Tom Lee Predicts Stronger ETH Prices After Middle East…Read More

A wallet onchain linked to venture capital firm a16z (Andreessen Horowitz) by Lookonchain has quietly accumulated 2.11 million HYPE tokens worth approximately $90.87 million since April 14. Smart Money Bets on Hyperliquid Dip Blockchain analytics firm Lookonchain flagged that wallet 0xb5E4, whose funding history and transaction patterns have led multiple analysts to associate it with…Read More

An alleged support impersonation scheme led to more than $13 million in cryptocurrency wallet losses, according to the DOJ. The case centers on fake support claims, unauthorized digital account access, wallet transfers, and laundering through luxury spending. Support Impersonation Scheme Led to Crypto Wallet Losses The Department of Justice (DOJ) announced on May 11 that…Read More

Bitcoin Magazine White House Says Strategic Bitcoin Reserve Announcement Is Imminent: ‘A Breakthrough’ The White House is nearing a formal announcement on a U.S. Strategic Bitcoin Reserve, with Patrick Witt saying the administration has already cleared a key legal hurdle. This post White House Says Strategic Bitcoin Reserve Announcement Is Imminent: ‘A Breakthrough’ first appeared…Read More

Bitcoin Magazine Standard Chartered to Absorb Zodia Custody’s Core Business in Digital Asset Consolidation Standard Chartered announced Monday that its non-binding offer to acquire Zodia Custody — the digital asset custodian it co-founded in 2020. This post Standard Chartered to Absorb Zodia Custody’s Core Business in Digital Asset Consolidation first appeared on Bitcoin Magazine and…Read More

Bitcoin Magazine Capital B Acquires 192 Bitcoin for €13 Million, Pushes Total Holdings to 3,135 BTC Capital B, formerly The Blockchain Group, added 192 BTC for €13 million, pushing its total holdings to 3,135 BTC. This post Capital B Acquires 192 Bitcoin for €13 Million, Pushes Total Holdings to 3,135 BTC first appeared on Bitcoin…Read More

Bitcoin Magazine Bitcoin Depot (BTM) Stock Falls 80% As Company Files for Chapter 11 Bankruptcy Bitcoin Depot (NASDAQ: BTM), once the largest Bitcoin ATM operator in North America, filed for voluntary Chapter 11 bankruptcy protection on Monday in the U.S. Bankruptcy Court for the Southern District of Texas. The Atlanta-based fintech company said it intends…Read More

Bitcoin Magazine Iran Launches Bitcoin-Backed Insurance Service for Strait of Hormuz Shipping, Eyes $10B In Revenue Iran has reportedly launched “Hormuz Safe,” a bitcoin-settled maritime insurance platform aimed at cargo owners and shipping firms operating through the Strait of Hormuz and the Persian Gulf. This post Iran Launches Bitcoin-Backed Insurance Service for Strait of Hormuz…Read More