Phoenix Group, a publicly listed Bitcoin mining company based in Abu Dhabi, has unveiled a $150 million strategic cryptocurrency reserve, making it the first firm on the Abu Dhabi Securities Exchange (ADX) to hold a digital asset treasury. Key Takeaways: Phoenix Group has launched a $150M crypto reserve, becoming the first ADX-listed firm to hold…
Billionaire hedge fund manager Ray Dalio is changing his tune on Bitcoin again. The founder of Bridgewater Associates now recommends investors allocate up to 15% of their portfolio to Bitcoin or gold to hedge against inflation and surging US debt. That’s a big jump from his 2022 advice, which capped BTC exposure at 2%. Why…
JPMorgan & Coinbase have announced a partnership that will allow Chase customers to link their wallets to the bank and convert rewards to crypto. JPMorgan Has Partnered Up With Crypto Exchange Coinbase As announced via a press release, JPMorgan and Coinbase have made a strategic partnership to roll out a set of features aimed at…
As more investors look to enter the cryptocurrency market, two primary methods have emerged: purchasing coins directly from exchanges like Coinbase or Binance, or investing in publicly-traded companies that hold significant amounts of crypto on their balance sheets. According to a recent informative report by Fortune, the latter approach has garnered considerable attention and has…
Amid its regulatory shift, Indonesian financial authorities are set to increase taxes on cryptocurrency transactions and miners at the end of the week, with a higher rate for trades conducted on overseas platforms. Indonesia To Hike Crypto Taxes On Wednesday, Indonesia’s Finance Ministry announced updated tax regulations on cryptocurrency transactions and miners, effective August 1,…
The crypto market is up today, seeing a minor uptick. Three-quarters of the top 100 coins per market have turned green over the past 24 hours. That said, the cryptocurrency market capitalization has dropped by another 3.6% to $3.96 trillion. At the same time, the total crypto trading volume is at $154 billion. TLDR: Crypto…
A task force established by President Donald Trump has issued a comprehensive crypto report advocating for clearer regulations governing digital asset markets. Released on Wednesday, the report calls on federal regulators to utilize their existing authority to create more definitive rules surrounding the trading of digital assets, thereby facilitating the adoption of innovative financial products….
The crypto world is holding its breath as the White House prepares to release its first comprehensive cryptocurrency policy report on July 30, 2025, including an important section on Bitcoin and XRP. Dubbed a “regulatory Bible” by insiders, the report stems from President Trump’s Executive Order 14178 and aims to provide sweeping guidance on digital…
A California jury has sent a clear message about crypto scams. According to the US Department of Justice, Rowland Marcus Andrade will spend seven years in prison after being found guilty of wire fraud and money laundering. Andrade had pitched a token called AML Bitcoin as a legit way to fight financial crime. In reality,…
South Korea’s central bank is stepping up its game in the crypto world. Based on reports, the Bank of Korea (BOK) has created a new “digital currency lab” unit under its Financial Settlement Bureau. The new department will keep an eye on digital tokens, especially won‑pegged stablecoins and related rules. At the same time, the…