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Financial News

Bitcoin’s U.S. reserve still a work-in-progress as federal agencies hash it out

Bitcoin’s U.S. reserve still a work-in-progress as federal agencies hash it out

1 week ago by Crypto InsightsCrypto

The White House’s chief crypto adviser, Patrick Witt, and his predecessor in that role had both said that they’ll need Congress to fully back up the formation and activation of the crypto funds. Presidential orders don’t carry the weight of law, and no legislation has… Read More

Russia’s largest bank plans crypto wallet launch as Moscow clears market path

Russia’s largest bank plans crypto wallet launch as Moscow clears market path

1 week ago by Crypto InsightsCrypto

Non-qualified investors will be allowed to trade under testing requirements and limits capped at roughly 300,000 rubles (around $3,800) per year, while market participants will have until July 1, 2027, to enter the official registry. Russia’s complicated crypto history The developments follow years of resistance… Read More

Americans traded $571 million on Polymarket politic bets despite U.S. ban

Americans traded $571 million on Polymarket politic bets despite U.S. ban

1 week ago by Crypto InsightsCrypto

As such, Allium can tie only about 6% of Polymarket’s political-market wallets to a country – so the firm says the figures should be read as directional rather than exact. Polymarket did not immediately respond to request for comments ahead of U.S. market hours. Meanwhile,… Read More

How big banks plan to capture a quadrillion-dollar market

How big banks plan to capture a quadrillion-dollar market

1 week ago by Crypto InsightsCrypto

“If we don’t have a euro on the blockchain, the banks will use the dollar because it’s there, it’s available and it has a lot of liquidity,” Sell told CoinDesk. Rather than each bank issuing its own euro stablecoin, Qivalis is encouraging them to work… Read More

Barstool’s Portnoy plans to hold bitcoin down to $0 after timing it wrong every time

Barstool’s Portnoy plans to hold bitcoin down to $0 after timing it wrong every time

1 week ago by Crypto InsightsCrypto

Barstool Sports founder Dave Portnoy said this week that he will hold his bitcoin BTC$62,728.82 all the way down to zero if necessary, while admitting his struggle with timing the market. “I’m holding. I’ll hold this thing down to zero,” Portnoy told FOX Business’ Stuart… Read More

Tokenization’s next use case is personalized portfolios, NYLIM executive says

Tokenization’s next use case is personalized portfolios, NYLIM executive says

1 week ago by Crypto InsightsCrypto

NYLIM was the latest entrant to the list of asset management giants making moves in tokenization, teaming up with Centrifuge (CFG) to bring one of its high-yield corporate bond strategies onchain. For NYLIM, tokenization is less about launching blockchain versions of existing funds than improving… Read More

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