Thursday, June 25

Business

Bitcoin Depot Disables Bitcoin ATM Network Amid Bankruptcy

Bitcoin Depot, one of the largest Bitcoin ATM operators in the US, filed for Chapter 11 bankruptcy protection as the company moved to wind down operations and sell its assets.In a Monday announcement, Atlanta-based Bitcoin Depot said it started voluntary…

Galaxy Wins New York BitLicense for Institutional Crypto Services

Galaxy Digital, a crypto-focused financial services company led by Mike Novogratz, has received a BitLicense and Money Transmission License from the New York State Department of Financial Services (NYDFS), allowing it to expand regulated digital asset services to institutional clients…

3 Factors May Send Bitcoin Price Back To K

Key takeaways:Aggressive Bitcoin buying by Strategy helped to offset the recent leveraged long liquidations.Rising bond yields and a heavy US government debt burden are driving investors toward scarce assets.A potential deal between the US and Iran could quickly restore traders’…

UK Proposes Near-24/7 Settlement to Prepare Markets for Tokenization

The Bank of England on Monday proposed extending operating hours for its core settlement infrastructure toward near-24/7 availability, part of a broader push with the Financial Conduct Authority (FCA) to prepare UK wholesale markets for tokenized finance.The proposal seeks to…

Minnesota Legalizes Crypto Custody Services for Banks, Credit Unions

Minnesota-based banking institutions and credit unions are set to offer some crypto custody services beginning in August.On Friday, Governor Tim Walz signed House File (HF) 3709 into law, permitting “certain virtual-currency custody services to be offered and performed” by financial…

NRS, JRB to implement Tax ID system

The Nigeria Revenue Service (NRS), in collaboration with the Joint Revenue Board (JRB), has announced that it will commence implementation of the Taxpayer Identification (Tax ID) system, urging companies, individuals, enterprises, and businesses to integrate onto the platform as it…

Crypto Funds Post B in Outflows as Iran Tensions Weigh on Bitcoin, Ether

Cryptocurrency investment products posted heavy outflows last week as investors reduced risk amid inflation fears and uncertainty over a lasting ceasefire between the United States and Iran.According to CoinShares’ latest weekly report, digital asset exchange-traded products (ETPs) recorded $1.07 billion…

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