Tag: Digital

China’s Supreme Court to Formulate New Rules for Digital Currency, AI cases

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China’s Supreme People’s Court (SPC) said it will study new adjudication rules for virtual currency and cross-border finance cases as part of a broader push to clarify how courts handle digital economy disputes. “We will conduct in-depth research on the adjudication rules for new cases such as virtual currencies and cross-border finance, formulate judicial interpretations on civil compensation involving insider trading and market manipulation as soon as possible,” said Liu Guixiang, Judicial Committee member of the SPC, during a press conference, reported Chinese news outlet Yicai on Wednesday. The court…

4.8% inflation expectations put Bitcoin’s ‘digital gold’ narrative on trial

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US one year inflation expectations have climbed to 4.8% for May, a reminder that the inflation story is not over and a fresh stress test for the idea that Bitcoin and crypto function as hedges against persistent price pressure. Summary May one year US inflation expectation at 4.8%, up from a 4.5% preliminary reading and 4.7% previously Market research from Bitwise and others shows Bitcoin has become more correlated with inflation expectations since 2020, but not in a simple hedge like way Studies and market analysis suggest Bitcoin behaves more…

The real race isn’t Bitcoin vs. Ethereum. It’s the US vs. China on digital money

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While crypto Twitter argues about Bitcoin versus Ethereum, two superpowers are quietly running a different race. The United States is using dollar-backed stablecoins to extend the dollar’s reach into every corner of the digital economy. China is using its e-CNY and the mBridge platform to build an alternative settlement system that bypasses the dollar entirely. The outcome will shape the next century of global finance. And almost nobody outside policy circles is paying attention. Summary The United States has used dollar-backed stablecoins and the GENIUS Act to expand the dollar’s…

Applied Digital Tops 1 GW as AI Factory Campus Locks $7.5B Hyperscaler Lease – Bitcoin News

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Key Takeaways Applied Digital signs a 15-year, $7.5B lease at Polaris Forge 3, pushing total contracted revenue to $31B. APLD now holds 1,200 MW of contracted AI capacity across 4 campuses, with 65% backed by investment-grade hyperscalers. Polaris Forge 3 is set to begin operations in August 2027, with APLD actively marketing 1.7 GW of additional power. Applied Digital Pushes Total Contracted Revenue to $31B With Fourth AI Campus Deal Applied Digital Corp. (Nasdaq: APLD), the Dallas-based artificial intelligence (AI) infrastructure provider, bitcoin miner and data center developer, announced the…

OSL Strengthens Asia’s Digital Asset Ecosystem with Listing of State-Supervised Gold-Backed Stablecoin USDKG

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HONG KONG, May 21 — OSL Group (863.HK) (OSL), a global stablecoin payment and trading platform, today announced that its Hong Kong-licensed digital asset exchange OSL HK has officially listed USDKG, the gold-backed stablecoin issued by the Kyrgyz Republic. The listing marks a significant step in bringing a state-supervised, asset-backed digital currency to one of the world’s most established licensed virtual asset markets. Pegged 1:1 to the U.S. Dollar and fully backed by physical gold reserves, USDKG is now accessible to professional investors through OSL’s institutional-grade infrastructure. The initial trading…

Digital Assets Like Ordinals Used in Tax Evasion Schemes: Chainalysis

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Tax dodgers have started turning to Bitcoin Ordinals, BRC-20 tokens and other digital methods in an attempt to hide their wealth from tax authorities, according to blockchain analytics platform Chainalysis. “Tax evasion and unreported income are age-old financial crimes, but the methods used to commit them are rapidly evolving,” Chainalysis said in a report Wednesday. “As digital assets become more mainstream, bad actors frequently attempt to exploit novel technologies — such as NFTs, decentralized finance protocols, or emerging token standards — in hopes of keeping their wealth hidden from tax…

Intesa Sanpaolo’s Crypto Portfolio Hits $235M as Italy’s Biggest Bank Goes Deeper Into Digital Assets

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Intesa Sanpaolo, Italy’s largest bank, more than doubled its crypto exposure in the first quarter of 2026, with holdings climbing from approximately $100 million at the end of 2025 to around $235 million as of March 31. The growth was driven by expanded Bitcoin positions, with the bank adding to positions in both the ARK 21Shares BTC ETF and BlackRock’s iShares Bitcoin Trust ETF. It also entered Ethereum for the first time through BlackRock’s iShares Staked Ethereum Trust, and picked up a fresh stake in Ripple’s XRP via the Grayscale…

Bit Digital posts $146.7m loss as company cuts bitcoin mining exposure

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Bit Digital has reported lower first-quarter revenue and another steep quarterly loss as the Nasdaq-listed company continues redirecting capital from bitcoin mining into Ethereum staking and treasury operations. Summary Bit Digital reported a $146.7 million net loss as revenue from ETH staking, cloud services, and crypto mining declined in Q1. The company held more than 154,000 ETH at the end of March while continuing to reduce exposure to bitcoin mining. Bit Digital said future capital deployment will continue focusing on Ethereum operations and infrastructure businesses. According to Bit Digital’s earnings…

WAIB Summit Monaco 2026 returns: the world’s most exclusive gathering for digital assets & AI

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Monaco, May 12, 2026 — Following the resounding success of its 2025 edition, WAIB Summit Monaco proudly announces its return on June 9–10, 2026, at the prestigious One Monte-Carlo, located in the heart of Monaco’s iconic Casino Square. Recognized as one of the world’s most exclusive summits for Web3, Artificial Intelligence, and Digital Assets, WAIB Summit Monaco 2026 will once again convene 2,000+ global attendees, including visionary founders, family offices, institutional investors, venture capitalists, regulators and policymakers, global brands, and thought leaders shaping the future of technology and innovation. Building on…

LMAX Group Launches Digital Asset Collateral Solution for Institutions

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Global cross-asset marketplace LMAX Group has launched Kiosk, a hosted portal that lets institutional clients deposit digital assets into LMAX Custody and use them as collateral to trade across its FX, metals, derivatives and crypto markets. The product allows clients to post digital assets as collateral for spot foreign exchange, precious metals, contracts for difference, perpetual futures and digital assets, the company said Tuesday. Kiosk includes tools for deposits, withdrawals, API credential management, WalletConnect, security controls and treasury management, according to LMAX. The launch is part of LMAX’s broader push…