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Canaan said its US subsidiary agreed to supply 6,840 Avalon A15Pro cryptocurrency miners to Cipher Mining's Black Pearl facility in Winkler County, West Texas, in Q3. Financial details were not disclosed. The units will be fulfilled by Singapore-based Canaan's US and Malaysia facilities. "As the p…
Galaxy Digital unit Galaxy Asset Management on Thursday closed an oversubscribed call for commitments to its Galaxy Ventures Fund I, LP. The fund closed with over US$175 million in capital commitments, exceeding its target of US$150 million, said Galaxy. A statement noted that the fund is focused o…
Mastercard said Tuesday it's expanding a partnership with Fiserv to integrate the financial technology and payments company's proposed new FIUSD stablecoin in its products and services. Fiserv announced on Monday that it will launch a new digital asset platform, including FIUSD, to add to its curr…
Major digital assets rose Monday, with Bitcoin (BTC/USD) topping the $108,000 level. The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose almost 2% in the past 24 hours. The Nasdaq 100 climbed 0.4% in late trading, the S&P 500 rose 0.2%, and the Dow Jones Industri…
Robinhood Markets said Monday it has closed the acquisition of Bitstamp, a cryptocurrency exchange. "The acquisition of Bitstamp is a major step in growing our crypto business," said Johann Kerbrat, general manager of Robinhood Crypto. "Through this strategic combination, we are better positioned t…
OSL Group is set to issue over 9.26 million new shares to acquire a 90% stake in EvergreenCrest Holdings, which owns crypto and futures trading firms in Indonesia, according to a Hong Kong bourse filing on Monday. The shares will be issued at HK$12.68 each, valuing the deal at roughly HK$117.5 mill…
Bitcoin rose to an all-time high of just over $111,000 on Wednesday before easing slightly to around $110,450. The rally came as market sentiment recovered from last month's tariff-driven slump, helped by easing US-China trade tensions and renewed demand for alternative assets. The cryptocurrency ha…
Thumzup Media said Monday it has expanded its cryptocurrency offerings by integrating Stripe's "Pay with Crypto" feature, allowing advertisers to pay for campaigns using stablecoins such as USDC. As of Monday, Thumzup said it held 19.106 bitcoins, with a market value of nearly $2 million. Thumzup M…
Fifth Third Bancorp is planning to expand its crypto business after building a small base of customers in deposit accounts and payments, Bloomberg News reported Friday, citing Chief Strategy Officer Ben Hoffman. The bank is evaluating the use of stablecoins to improve the speed and lower the cost o…
Addentax Group said Thursday it is in discussions with major cryptocurrency holders to acquire up to 8,000 bitcoins and other cryptocurrencies valued at nearly $800 million, through the issuance of common shares. No definitive agreement has been reached, the company said. The Shenzhen, China-based …
Coinbase Global's inclusion in the S&P 500 index on May 19 is a "watershed moment" with "huge implications" for the company and the cryptocurrency industry, Oppenheimer said Monday in a report. The inclusion boosts purchases from index funds and puts Coinbase "under a closer radar of non-index fund…
Major digital assets were mixed late Monday afternoon, with Bitcoin (BTC/USD) hovering below the $95,000 level. The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 0.7% in the past 24 hours. The Nasdaq 100 dipped 0.6%, the S&P 500 lost 0.5%, and the Dow Jo…