J.P. Morgan harnesses blockchain for debt issuance amid digital asset adoption boost
J.P. Morgan said on Thursday that it issued a U.S. commercial paper for Galaxy Digital Holdings on the Solana blockchain, marking an important step in the broader institutional adoption of digital assets.
Italy’s Bancomat plans euro-pegged stablecoin to boost digital payments
Italian payment network Bancomat is working with the country’s main lenders and the economy ministry to launch a euro-pegged stablecoin that will be open to other issuers, Chief Executive Fabrizio Burlando said.
Robinhood to enter Indonesia with brokerage, crypto trader acquisition
Robinhood Markets will acquire Indonesian brokerage firm Buana Capital Sekuritas and licensed digital asset trader Pedagang Aset Kripto, marking the retail trading platform’s entry into one of Southeast Asia’s major crypto hubs, the company said in a blog post on Sunday.
Strategy’s leveraged ETFs hit hard by crypto slump
Leveraged exchange‑traded funds (ETFs) linked to bitcoin hoarder Strategy are among the biggest casualties of this year’s crypto slump, as falling bitcoin price battered shares of the largest corporate holder of the token.
China’s central bank vows crackdown on virtual currency, flags stablecoin concerns
China’s central bank reaffirmed its tough stance on virtual currencies on Saturday, warning of a resurgence in speculation and vowing to crack down on illegal activities involving stablecoins.
Hamas attack victims sue Binance for allegedly allowing payments to militant group
Victims of Hamas’ October 2023 attack on Israel sued Binance and its founder Changpeng Zhao, accusing them of facilitating millions of dollars in payments to the group and other U.S.-designated terrorist groups.
Stablecoins could siphon off euro zone bank deposits, ECB warns
Stablecoins could draw valuable retail deposits away from euro zone banks and any run on a coin could have widespread stability implications for the global financial system, the European Central Bank warned on Monday.
Malaysia’s Tenaga Nasional incurs losses of more than $1 billion from crypto power theft
Malaysia’s national utility firm Tenaga Nasional Bhd (TNB) has incurred losses of more than $1 billion from illegal power usage by cryptocurrency miners between 2020 and August this year, the energy ministry said.
Kraken valued at $20 billion in latest funding round
Crypto exchange Kraken said on Tuesday it has raised $800 million in a funding round that valued it at $20 billion, as digital market firms continue to draw investor focus.