Financial Services

New York's Bill S.8518 Aims to Tax Cryptocurrency Mining to Fund Energy Relief

New York's Bill S.8518 proposes taxes on proof-of-work crypto mining to fund energy relief programs for residents.

BlackRock's BUIDL Fund Sees Rapid Growth with $600 Million AUM Boost

BlackRock's BUIDL fund has gained $600 million in assets, showcasing rapid growth and expansion across major blockchains.

Fitell Corp Strengthens Treasury with Solana's PUMP Tokens

Fitell Corp strengthens its corporate treasury by adding PUMP tokens, valuing approximately $1.5 million, enhancing its focus on blockchain assets.

Crypto.com Partners with SolStrategies to Enhance Treasury Management

Crypto.com partners with SolStrategies to strengthen treasury management and expand custody offerings for institutional investors.

CME Group to Launch 24/7 Cryptocurrency Futures and Options Trading

CME Group is introducing 24/7 trading for cryptocurrency futures, impacting market dynamics and attracting institutional interest.

Franklin Templeton Lists Spot Solana ETF, Signaling Growth in Crypto Investments

Franklin Templeton's Solana ETF listed on DTCC under SOEZ, marking a significant move for cryptocurrency in traditional finance.

Citigroup's Bullish Outlook on Bitcoin: A 12-Month Forecast

Citigroup predicts Bitcoin could reach $181,000 in 12 months, emphasizing the importance of sustained investor demand.

Thailand's Plans to Expand Cryptocurrency ETFs for Broader Investment Opportunities

Thailand is expanding its cryptocurrency ETF offerings beyond Bitcoin, aiming to enhance investment options and encourage digital asset adoption.

Bitcoin Surges to $119,000 as Market Sentiment Turns Bullish

Bitcoin hits $119,000, showing positive trends for October. Institutions invest, predicting a strong market performance as confidence grows.

SUI Group and Ethena Collaborate to Introduce Innovative Stablecoins on Sui Blockchain

SUI Group and Ethena launch yield-bearing stablecoins on the Sui blockchain to reduce reliance on USDC and enhance sustainability.

New York's Cryptocurrency Pilot for Financial Support: A Study on Stablecoins and Low-Income Youth

A New York pilot program distributes $12,000 in stablecoins to low-income young adults, assessing the impact of unconditional crypto support.

SBI Crypto Loses $21 Million to North Korean Hackers

SBI Crypto lost $21 million to suspected North Korean hackers who laundered funds through Tornado Cash, highlighting risks for exchanges.

Bitcoin Surges as Economic Indicators Prompt Fed Rate Cut Expectations

Bitcoin climbs over $117,000 as weak job data boosts chances for interest rate cuts, signaling a potential shift in economic policy.

CoinShares Expands Its Horizons by Acquiring Bastion Asset Management

CoinShares is acquiring Bastion Asset Management to enhance its crypto investment offerings and expand into the US market.

New IRS Guidance Exempts Bitcoin Unrealized Gains from Corporate Tax

New IRS guidance exempts unrealized Bitcoin gains from corporate alternative minimum tax, supporting companies with substantial digital assets.