Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says
The digital euro should be an attractive means of payment but its design should prevent it from becoming so successful as a store of value that it threatens banks and…
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Square’s Cash App Generates $1.8 Billion in Bitcoin Revenue, BTC Profit up 29% in Q3
Square Inc. has reported bitcoin revenue of $1.82 billion in the third quarter, an 11% increase from the same period last year. Its bitcoin gross profit was $42 million during…
BTC Futures Open Interest Continues to Rise Following Bitcoin ETF Listings Last Month
Bitcoin futures open interest continues to remain high after the launch of the first bitcoin exchange-traded fund (ETF) on October 22. While Binance commands $5.81 billion and leads the pack,…
Indiana’s Star Bank Launches Bitcoin Trading Services
Star Financial Bank (Star Bank) says it has become the first bank in the U.S. state of Indiana to offer bitcoin services to customers. The services will be offered through…
Australia’s Commonwealth Bank Lets Customers Trade Crypto Directly Through Its App
The Commonwealth Bank of Australia (CBA), the country’s biggest bank, is providing customers with the ability to buy, sell, and hold crypto assets directly through its app. The bank has…
Major Thai Bank SCB Acquires 51% Stake in Cryptocurrency Exchange
Siam Commercial Bank, one of the largest banks in Thailand, is acquiring a 51% stake in a cryptocurrency exchange. The acquisition will help the bank “create new growth value in…
Derivatives Exchange Giant CME Group Announces Micro Ethereum Futures Launch
On Tuesday, the world’s largest financial derivatives exchange, Chicago Mercantile Exchange (CME) Group, announced the upcoming launch of ethereum-based micro futures slated to be listed on December 6. The launch…
Web3 Infrastructure Provider Alchemy Raises $250 Million in Funding Round Led by a16z
Alchemy, one of the leading infrastructure providers for blockchain and web3, has raised $250 million in its series C funding round, giving it a valuation of $3.5 billion. The round…
Slovenian finance ministry seeks public opinion on crypto tax laws
Slovenia’s crypto tax bill proposes a 10% tax on fiat-crypto conversions and payments made with cryptocurrencies.
Mastercard to Enable Merchants on Its Network to Offer Crypto Products and Services
Payments giant Mastercard has partnered with a cryptocurrency exchange to allow its partners and merchants in the U.S. to offer crypto solutions, including the buying, selling, and holding of cryptocurrencies.…