Crypto poised to become UAE’s second-largest industry within five years
The United Arab Emirates is positioning itself to make cryptocurrency and blockchain technology its second-biggest economic sector after oil over the next five years. This outlook comes from Chase Ergen, board member of DeFi Technologies, a publicly listed firm specializing in digital asset investments. “The UAE has a reputation for strong leadership, effective regulation, and […]
US Federal Reserve to Wind Down Special Oversight of Banks’ Crypto Dealings
The U.S. Federal Reserve announced it will phase out a special oversight initiative launched in 2023 to closely monitor banks’ involvement with cryptocurrencies and distributed ledger technology. In a statement released Friday, the Fed said the “novel activities supervision program,” first introduced in August 2023, will be discontinued. Going forward, banks’ digital asset activities will […]
Trump to Crack Down on ‘Debanking’ with New Executive Order Targeting Financial Institutions
U.S. President Donald Trump is preparing to sign a new executive order aimed at penalizing financial institutions that have engaged in so-called “debanking” practices—cutting off services to clients over ideological concerns. As reported by Bloomberg, a senior official confirmed that the order will direct federal bank regulators to review customer complaint data and take action […]
Michael Saylor Summarizes Bitcoin’s Corporate Future in Four Powerful Words
Michael Saylor, the outspoken Bitcoin advocate and executive chairman of Strategy, has once again captured the crypto community’s attention with a striking post about Bitcoin’s role in the future of corporate finance. His latest message arrives shortly after a major policy shift by U.S. President Donald Trump, who signed an executive order enabling companies to […]
Ethereum Breaks Past $4K Mark for First Time since December 2024
Ether (ETH) surged past the $4,000 barrier on Friday, marking its highest price point in eight months, as Bitcoin’s dominance over the crypto market continued to shrink. ETH Pushes Through $4K as Bulls Regain Momentum According to TradingView data, ETH/USD climbed to $4,012 on Bitstamp, posting a daily gain of around 1.7%. This breakthrough brought […]
Saylor’s Bitcoin Bet Doubles Since Trump’s Comeback
Michael Saylor’s firm, Strategy, has more than doubled its Bitcoin reserves since the U.S. federal election last November, when Donald Trump secured victory. In the nine months following the election, Strategy acquired 376,571 BTC—valued at approximately $43.2 billion at current prices—boosting its total holdings to 628,791 BTC. Before this political shift, it had taken the […]
Trump to Greenlight Crypto Access in 401(k) Retirement Plans
U.S. President Donald Trump is preparing to sign an executive order that would permit cryptocurrencies to be included in American workers’ 401(k) retirement plans — a potential game-changer for both retirement investing and the broader crypto industry. According to the White House Press Office, the order tasks the Department of Labor with reassessing current limitations […]
Salaries Paid in Crypto Increase 3x Year-Over-Year
The number of crypto professionals receiving their salaries in digital currencies has skyrocketed in 2024, tripling from the previous year. According to a new report from Pantera Capital, 9.6% of workers in the crypto space are now paid in stablecoins. Drawing on data from more than 1,600 respondents across 77 countries, the report reveals a […]
Trump Administration to Roll Out ChatGPT Across Federal Agencies
In a major step toward modernizing government operations, the Trump administration has finalized an agreement with OpenAI to implement the enterprise version of ChatGPT throughout all U.S. federal agencies. The deal—announced Wednesday by the U.S. General Services Administration (GSA)—will allow every federal department to access the AI platform for a symbolic fee of just $1 […]
SBI Prepares Japan’s First Dual Bitcoin-XRP ETF Amid Regulatory Shifts
SBI Holdings, one of Japan’s top financial conglomerates, has unveiled plans to launch a pioneering dual-asset cryptocurrency ETF that would give investors exposure to both Bitcoin and XRP — marking a first for the Japanese market. The announcement came through the company’s latest earnings report, where SBI detailed two upcoming crypto-related investment products. The first […]