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U.S. moves closer to embracing crypto with new stablecoin law

The U.S. House of Representatives is on track to pass major crypto legislation, including a framework for regulating stablecoins: cryptocurrencies pegged to the U.S. dollar: after intense negotiations this week. Lawmakers were scheduled to meet Thursday to vote on two key bills: one focused on stablecoins, and another setting broader rules for the crypto industry. […]

Crypto market bounces back after Israel, Iran ceasefire

Bitcoin and the broader cryptocurrency market bounced back on Tuesday following an unexpected announcement by former U.S. President Donald Trump that Israel and Iran had agreed to a ceasefire, temporarily calming fears of an escalating conflict in the Middle East.

Why stablecoins are gaining popularity

Stablecoins — a form of cryptocurrency backed by traditional assets — are gaining traction, with the US Senate set to vote Tuesday on a bill to regulate such digital tokens.

Bitcoin, U.S. crypto stocks rise as more firms eye fresh BTC investments

U.S. crypto-linked stocks closed higher, tracking a 4% rise in Bitcoin to $110,150 as more publicly traded companies announced BTC purchases. The gains extended into after-hours trading. Stablecoin issuer Circle Internet Group (CRCL) rose 7% to close at $115.25, adding another 2.2% after-hours. Leading crypto miner Core Scientific (CORZ) gained 4.27%, followed by a 0.87% […]

Meta shareholders reject bid to add bitcoin to company treasury

Meta Platforms Inc. ($META) shareholders have decisively voted against a proposal to adopt Bitcoin as part of the company’s treasury reserve strategy. In a recent vote, only 0.1% of shareholders supported the initiative, while about 95% opposed it. Over 204 million shares were registered as broker non-votes. The proposal, titled “Bitcoin Treasury Assessment,” suggested Meta […]

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