Monday, October 12

Business

Pakistan Crypto Regulator Seeks Dialogue Over Islamic Ruling

Pakistan Virtual Assets Regulatory Authority (PVARA) chairman Bilal bin Saqib has called for continued dialogue on the treatment of digital assets under Islamic law after meeting prominent scholar Mufti Taqi Usmani, who backed a ruling against purchases made with crypto.In…

Cambridge Compares Ethereum Energy Use With PoS Networks

A new Cambridge study placed Ethereum near the lower end of energy intensity among major proof-of-stake (PoS) blockchains, although the network still used more electricity overall than most of the PoS networks studied.The Cambridge Centre for Alternative Finance estimated that…

Bitcoiners Michael Saylor, Adam Back Oppose BIP-110

Strategy executive chairman Michael Saylor and Blockstream CEO Adam Back have doubled down on their opposition to BIP-110, a proposed temporary fork to limit non-monetary transactions on the Bitcoin network.Bitcoin Improvement Proposal-110 was introduced in December 2025 to stop nonfungible…

Empery Digital Sold Bitcoin to Fund AI Data Center

Shares in Bitcoin treasury company Empery Digital rose on Friday after the firm disclosed it had sold nearly half its Bitcoin holdings to fund an AI data center project and pay down debt.Empery Digital (EMPD) shares popped 4.2% to $3.95…

Bitcoin Nears Late Stage of Bear Market: Jamie Coutts,

Bitcoin could be entering the latter stages of the bear market, with downside momentum beginning to slow down, according to Real Vision chief crypto analyst Jamie Coutts.“I think we’re getting through most of the bear market action. It’s still not…

Oracle Exploit Drains M From Bonzo Lend on Hedera

Hedera-based lending protocol Bonzo Lend lost about $9 million after an attacker manipulated the price of SAUCE used as collateral, allowing the account to borrow assets far beyond the value deposited.In a preliminary incident report published Saturday, Bonzo said the…

Robinhood to Launch AI Agent Feature For Crypto Trading

Robinhood said eligible US-based customers will soon be able to connect third-party AI agents to make crypto trades on their behalf, marking the latest expansion in autonomous trading after the company rolled out a similar product to equities and options…

Stablecoins May Improve FX Access but Worsen Currency Runs: IMF

Dollar stablecoins could improve access to foreign currency in economies with fixed or heavily managed exchange rates, but may also amplify currency runs when pressure on the domestic currency becomes severe, according to a new paper published by the International…

Metaplanet Studies Bitcoin-backed Digital Bonds in Japan

Japanese investment and Bitcoin treasury company Metaplanet’s securities arm, Metaplanet Securities, stablecoin issuer JPYC and tokenization infrastructure provider Progmat are tying up on a joint study on Bitcoin-backed digital credit products in Japan.The study involves using BTC as collateral and…

DOJ Seeks Dismissal of 2 Million BitClub Fraudster

The US Department of Justice is reportedly moving to drop charges against the founder of BitClub Network, a purported crypto mining platform that allegedly defrauded investors of $722 million between 2014 and 2019.A court filing shows Matthew Goettsche’s attorneys wrote…

Japan’s CRYL Offers Bitcoin-Backed Loans of Up to .2M

Japanese lender CRYL has launched Bitcoin-backed loans of up to 1 billion yen ($6.2 million), allowing individuals and businesses to raise fiat currency without selling their BTC. On Thursday, the company announced that borrowers can access between $6,200 and $6.2 million…

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