The bill, Senate Bill 1025, aimed to create a digital assets reserve managed by the state. What to know: Arizona will not be investing in bitcoin (BTC), at least not this year. Governor Katie Hobbs vetoed a bill on Friday that would have allowed the state to hold the digital asset as part of its […]
The company has spent $36.47 billion on bitcoin to date and remains the largest corporate holder of BTC. What to know: Strategy (MSTR) has added 6,556 bitcoin (BTC) to its balance sheet, spending $555.8 million in the process, according to a regulatory filing published on Monday. The purchase was funded using proceeds from the company’s two at-the-market […]
Stripe CEO Patrick Collison said a stablecoin tool for companies outside US, UK and EU is ready for testing. What to know: Stripe is preparing to test a new stablecoin payments product aimed at companies based outside the United States, the United Kingdom, and the European Union. The company’s CEO, Patrick Collison, confirmed on social media that […]
The alleged crypto Ponzi scheme lured some 20,000 investors with false promises and raised over $190 million from them. What to know: A Brazilian court has sentenced three executives behind the collapsed crypto scheme Braiscompany to a combined 171 years in prison, concluding one of the country’s largest crypto fraud cases to date. Federal Judge […]
While fiat currencies remain the primary method, crypto is seen as a convenient and flexible tool for transactions. What to know: Russia has turned to cryptocurrencies to facilitate oil trade with China and India, effectively bypassing Western sanctions in its $192 billion oil trade, Reuters reported, citing sources familiar with the matter. The country has been […]