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By Nate WolfVisa will allow banks in the U.S. to settle transactions with Visa using USDC, the stablecoin, the payments provider announced Tuesday, marking a big win for Circle Internet Group.The move is part of Visa's stablecoin settlement pilot program. Issuers will benefit from faster funds movem…
By Nate WolfStrategy added almost $1 billion worth of Bitcoin last week, snapping up the cryptocurrency for a second week following a brief pause in its purchases.The world's largest corporate holder of Bitcoin bought 10,645 tokens in the period from Dec. 8 to Sunday at an average price of $92,098, …
By Nate WolfJPMorgan Chase's asset-management arm is launching its first tokenized money-market fund, The Wall Street Journal first reported on Monday.The bank will seed the fund with $100 million in capital before opening it on Tuesday to institutional investors with at least $25 million in investm…
By Nate WolfStrategy added almost $1 billion worth of Bitcoin last week, snapping up the cryptocurrency for a second week following a brief pause in its purchases.The world's largest corporate holder of Bitcoin bought 10,645 tokens in the period from Dec. 8 to Sunday at an average price of $92,098, …
By Mackenzie TatananniVisa stock has lagged behind the market this year, but analysts believe one factor behind that isn't as bad as it's made out to be. In fact, the same weakness could become a strength for the payments company.In a research note Thursday, BofA Securities analysts led by Mihir Bha…
By Katherine HamiltonThe Winklevoss twins are entering into prediction markets.Gemini Space Station, a cryptocurrency company founded by Cameron and Tyler Winklevoss, said Wednesday that its affiliate Gemini Titan has received a designated contract market license.The license from the Commodity Futur…
By Katherine HamiltonThe Winklevoss twins are entering into the prediction-market scene.Gemini Space Station, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, said Wednesday that its affiliate Gemini Titan has received a designated contract market license.Shares of the company gain…
Gemini Space Station-affiliate Gemini Titan received a designated contract market license from the Commodity Futures Trading Commission. "Winklevoss Twins' Gemini Space Station Joins Prediction-Markets Race — Update," at 7:15 p.m. ET, incorrectly said the license was from the Commodities Futures Tra…
By Jack DentonBitcoin and other cryptocurrencies advanced on Wednesday ahead of a widely expected interest-rate cut from the Federal Reserve, which should boost sentiment across markets.But crypto traders may be facing the possibility of a decline in Bitcoin prices even if the Fed cuts rates.The pri…
By Stephen NakrosisFintech company Netcapital named Richard Wheeless as the company's next chief executive officer.He will succeed Martin Kay, who will remain as an adviser to the company.Netcapital also said it would expand beyond traditional securities into crypto and blockchain-enabled investment…
Binance, one of the world's largest cryptocurrency exchanges, named co-founder Yi He as its co-CEO on Wednesday, joining Richard Teng in a dual leadership structure.Yi He, a longtime Binance executive, has been with the company for more than eight years and currently serves as its Chief Customer…
0758 GMT - Bitcoin rises to a two-week high, recovering from Monday's sharp selloff as markets bet on another interest-rate cut by the Federal Reserve on December 10. Rate-cut bets firmed after President Trump said he would announce his choice for the next Fed Chair early next year and touted Kevin …