Category: Peer to Peer

Five leading financial industry groups, including the American Bankers Association and the Securities Industry and Financial Markets Association , have formally urged the U.S. Securities and Exchange Commission to revoke its rule mandating public companies to disclose material cybersecurity incidents within four business days. The coalition contends that the regulation compromises ongoing investigations, exposes sensitive information, and may inadvertently aid cybercriminals.

The SEC's rule, adopted in July

Strategy has acquired an additional 4,020 bitcoins for approximately $427.1 million, averaging $106,237 per coin. This purchase increases the company's total holdings to 580,250 BTC, acquired for a cumulative $40.61 billion at an average price of $69,979 per coin.

The acquisition was funded through proceeds from the company's ongoing at-the-market equity offering program. Strategy has been actively raising capital to expand its bitcoin reserves, reflecting its commitment to

Florida has introduced a legislative proposal to eliminate state-level capital gains tax on Bitcoin, XRP, and stocks, positioning itself as a trailblazer in cryptocurrency-friendly policy within the United States. If enacted, this measure would make Florida the first state to offer such tax exemptions, potentially attracting investors and businesses seeking a more favourable tax environment.

The bill, backed by Republican leadership under Governor Ron DeSantis, aims to exempt profits

Air Arabia, the largest low-cost carrier in the Middle East and North Africa region, has entered a strategic partnership with Al Maryah Community Bank , the UAE’s pioneering fully integrated digital bank, to transform payment solutions for air travel bookings. The collaboration aims to streamline and enhance customer experience by integrating a dedicated payment platform using AE Coin, a digital currency developed within the UAE’s evolving fintech ecosystem.

The

USDT activity on the Tron blockchain has reached unprecedented levels, with the circulating supply now at $77.7 billion, monthly transaction volumes exceeding $611 billion, and over 65.6 million transfers recorded. This surge underscores Tron's emergence as a dominant force in the stablecoin ecosystem, surpassing traditional financial networks in transaction throughput.

Tron’s ascent in the stablecoin market is attributed to its high-speed, low-cost infrastructure, which has attracted a vast user

Bitcoin exchange-traded funds have amassed over 75,000 BTC in net inflows over the past month, marking a significant shift in institutional investment patterns and fueling a surge in the cryptocurrency's valuation. This influx, surpassing $6.5 billion, has been pivotal in driving Bitcoin to an all-time high of $109,900, reflecting a growing confidence among investors in the digital asset's long-term prospects.

The substantial inflows into Bitcoin ETFs, particularly BlackRock's

A sophisticated phishing group known as Inferno Drainer has capitalised on a recently implemented Ethereum feature to conduct large-scale wallet-draining attacks, exposing a novel vulnerability within the blockchain ecosystem. This new tactic leverages Ethereum Improvement Proposal 7702 , part of the network’s broader Pectra upgrade, which permits Externally Owned Accounts to temporarily emulate smart contract wallets during transactions.

EIP-7702 was introduced to enhance transaction

Worldcoin's native token, WLD, experienced a significant surge in value, climbing over 10% following a substantial $135 million fundraising round led by prominent venture capital firms Andreessen Horowitz and Bain Capital Crypto. This influx of capital underscores growing investor confidence in the project's vision of establishing a global, decentralised identity verification system.

The fundraising success coincides with Worldcoin's strategic expansion into new markets. Notably, the introduction of its

The allure of meme coins like Shiba Inu and Dogecoin has cooled, prompting investors and crypto enthusiasts to seek fresh opportunities beyond the fleeting hype. As these once high-flying tokens show patterns of price consolidation and reduced volatility, attention is increasingly shifting towards emerging decentralised finance projects, notably the Mantix decentralized exchange currently in its presale phase.

Mantix represents a new wave of crypto innovation

The company's initial foray into Bitcoin occurred in early 2021, when it invested $1.5 billion in the cryptocurrency. Subsequently, Tesla began accepting Bitcoin as payment for its vehicles. However, this

KOLO, a prominent player in the web3 ecosystem, has introduced a next-generation digital wallet paired with a worldwide debit card designed to seamlessly bridge the gap between digital assets and everyday transactions. This development marks a significant step in expanding the usability of cryptocurrencies and blockchain-based assets in mainstream financial activities, targeting both seasoned crypto users and newcomers seeking practical applications of digital currencies.

The KOLO digital wallet enables

The Commodity Futures Trading Commission has affirmed that crypto perpetual futures are allowed for trading within the United States, providing much-needed regulatory clarity to market participants and investors in the digital asset space. This confirmation signals a significant development in the regulation of cryptocurrency derivatives, which have previously operated in a somewhat ambiguous legal environment. The CFTC’s explicit stance is expected to bring greater legitimacy and stability

Cryptocurrency exchange Kraken has announced the launch of tokenized versions of over 50 U.S.-listed stocks and exchange-traded funds , including Apple, Tesla, and Nvidia, for non-U.S. customers. These digital assets, branded as "xStocks," will be available for trading around the clock via the Solana blockchain, enabling investors in Europe, Latin America, Africa, and Asia to access U.S. equities beyond traditional market hours.

Each xStock token is backed by actual

Bitcoin Suisse, a pioneering Swiss crypto-financial services firm, has obtained regulatory approval to operate in Abu Dhabi, marking its inaugural venture beyond Europe since its establishment in 2013. This development underscores the United Arab Emirates' emergence as a magnet for global digital asset enterprises.

The Abu Dhabi Global Market , the emirate's international financial centre, granted the licence, enabling Bitcoin Suisse to offer its suite of crypto services

Publicly traded Bitcoin mining companies sold 115% of their April production, marking the most aggressive monthly liquidation since late 2022. This intensified sell-off occurred despite Bitcoin reaching a new all-time high of nearly $109,500 in May, underscoring the financial strain miners face amid declining profitability metrics.

The surge in Bitcoin’s price was insufficient to offset the challenges miners encountered. Hashprice—a key indicator measuring miner revenue per unit of computing

A growing chorus of lawmakers, legal experts, and digital rights advocates is calling for a comprehensive overhaul of the Bank Secrecy Act , contending that its extensive financial surveillance provisions infringe upon constitutional rights and hinder the advancement of cryptocurrency technologies.

Enacted in 1970, the BSA mandates that financial institutions report specific transactions to the federal government, aiming to combat money laundering and other illicit activities. However, critics argue

Bitcoin has reached a new pinnacle, surpassing $109,000 for the first time, with data indicating that 99% of holders are now in profit. This surge underscores the cryptocurrency's robust momentum and growing investor confidence.

The digital asset's ascent has been attributed to a confluence of factors, including increased institutional adoption, favourable regulatory developments, and heightened interest from retail investors. The approval of spot Bitcoin exchange-traded funds by the

Tether, the issuer of the world's largest stablecoin, has reportedly surpassed Germany in holdings of U.S. Treasury securities, positioning itself among the top global holders of American government debt. Paolo Ardoino, Tether's CEO, announced the milestone on social media, stating, "I think we’ve already passed Germany. Next target — South Korea!"

According to Tether's Q1 2025 attestation report, the company holds approximately $120 billion in U.S. Treasuries, including

Blackstone has initiated its entry into the cryptocurrency market by acquiring a stake in BlackRock's iShares Bitcoin Trust , marking its first foray into digital assets. This move aligns with a broader trend of institutional investors embracing cryptocurrency through regulated investment vehicles.

The exact size of Blackstone's investment has not been publicly disclosed, but filings with the U.S. Securities and Exchange Commission indicate a modest position. This strategic

Societe Generale, one of Europe’s leading financial institutions, has launched a new stablecoin pegged to the US dollar on the Ethereum blockchain, marking a significant milestone as the first dollar-backed stablecoin issued by a traditional bank. The initiative, spearheaded by the bank's digital asset subsidiary SG-Forge, aims to bridge the gap between conventional finance and the rapidly evolving world of decentralised finance .

The stablecoin, named USD CoinVertible ,

Cryptocurrency exchange Kraken has secured a Markets in Financial Instruments Directive licence in the European Union by acquiring Cypriot investment firm Greenfields Wealth, formerly known as Pacific Union Group. The acquisition, approved by the Cyprus Securities and Exchange Commission , enables Kraken to offer regulated crypto derivatives to advanced traders across selected EU markets.

This strategic move allows Kraken to operate under the EU’s MiFID framework, facilitating the

Bithumb, South Korea's second-largest cryptocurrency exchange, has significantly increased its market share, now handling approximately 25% of the nation's crypto trading volume, up from under 10% in 2023. This surge positions the company for a planned Initial Public Offering in the latter half of 2025, with Samsung Securities appointed as the lead underwriter.

The exchange's growth strategy included the elimination of transaction fees for all supported digital assets,

Ethereum’s price steadied near $2,400 after a notable pullback, positioning itself for a potential upward move toward the $4,000 mark. The digital asset’s resilience at this support level has drawn increased attention from traders and analysts who are monitoring the market for signs of renewed momentum.

Following a period of heightened volatility, Ethereum has maintained a base close to $2,400, a level viewed by many as a critical buying