Kakao Pay, KakaoBank Explore Stablecoins With Fireblocks

South Korean financial companies Kakao Pay and KakaoBank have signed a memorandum of understanding (MoU) with crypto infrastructure provider Fireblocks to explore digital asset opportunities, including stablecoins.  Under the agreement, the companies will conduct proof-of-concept tests for digital asset infrastructure suited to South Korea’s regulatory, security and service requirements. The initiative aims to help establish…

Crypto PAC to spend $30M opposing Sherrod Brown in Ohio, again

The digital asset-aligned PAC joined other groups to spend more than a combined $300 million in the 2024 Ohio Senate race, resulting in Sherrod Brown’s loss to Bernie Moreno. Source link

Bitcoin price news: BTC eyes $90,000 as leverage is building

With the new rally, the next psychological level is $90,000. Nansen’s Sondergaard pointed to $87,000 as the next level to watch, followed by the psychological $90,000 mark and then roughly $92,000. Meanwhile, Jasper De Maere, OTC Trader at Wintermute, also sees a $90,000 test as possible. The latest breakout came despite last week’s turbulent macro…

Strategy Buys 950 Bitcoin for $75.7M After Two-Week Pause

Michael Saylor’s Strategy resumed buying Bitcoin after a two-week pause while continuing to repurchase its STRC preferred stock. Strategy acquired 950 Bitcoin (BTC) for $75.7 million at an average price of $79,670 per coin between Monday and Sunday, according to a Form 8-K filing with the US Securities and Exchange Commission on Monday. The purchase…

Hana Bank Taps Euroclear Blockchain for $100M Bond

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Bitcoin Hitting new 33-Week High Brings Back Crypto Bull Market Claims

Bitcoin (BTC) spiked above $86,000 after Monday’s Wall Street open as US stocks rose amid cooling oil prices. Key points: Bitcoin gained nearly 6% on Monday to briefly trade above $86,000 for the first time since late January. Crypto short liquidations totaled almost $800 million in 24 hours as analysis called the start of a…

Bank of Korea launches 24-hour won settlement pilot for foreign investors

The Bank of Korea’s new network will let foreign investors settle won transactions during business hours in their home countries. Source link

ECB to invest reserve funds in tokenized securities via new Pontes platform

The European Central Bank (ECB) plans to invest a small portion of its reserves in tokenized securities, giving the central bank direct exposure to blockchain-based financial markets. The purchase would be settled through Pontes, the new Eurosystem platform, which allows wholesale transactions to settle in central bank money. The platform essentially bridges the ECB’s payment…

Crypto Adoption Blooming in Germany, UK is Falling ‘Behind,’ Says Researcher

Cryptocurrency adoption is advancing in Germany, particularly among younger investors, while the UK is gradually falling behind, largely due to lagging regulations, according to CoinShares crypto researcher Luke Nolan. German cryptocurrency adoption is showing “very good progress” through “family offices, wealth managers, individual advisors” and younger generations looking to invest inherited wealth in digital assets,…

Bitcoin Surges Past $85,000 as BTC Price Nears Eight-Month High

Bitcoin (BTC) starts a new week at its highest levels in nearly eight months as bulls propel the market to $85,000. Key points: Bitcoin hit $85,248 on Monday, marking its highest levels since Jan. 29. BTC price action is approaching the breakeven point for US spot Bitcoin ETF investors near $86,000. Markets eyed oil prices…