Tag: Digital

Anchorage Digital Launches Stablecoin Service Following GENIUS Bill

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Anchorage Digital, an institutionally-focused digital asset service provider, announced the launch of a stablecoin issuance platform on Thursday, tapping synthetic dollar and stablecoin issuer Ethena as its first partner client. The company will launch Ethena’s USDtb stablecoin in the United States, according to an announcement made on Thursday. Currently, USDtb is issued offshore.  Issuing USDtb in the US will make the stablecoin fully compliant under the GENIUS stablecoin regulation, signed into law by US President Donald Trump in July.  Trump signs the GENIUS stablecoin bill. Source: The White House Teresa…

Bank of England Reconsidering Digital Pound Dream

Key Notes The Bank of England is reportedly reconsidering its plans for a consumer-focused digital pound. Governor Andrew Bailey has publicly voiced skepticism about the need for new forms of money like CBDCs. The BOE is now urging banks to focus on tokenized deposits and payment innovations. The Bank of England (BOE) took a complete 360 on its earlier stance on the debut of a digital dollar, raising fresh doubts about the future of central bank digital currencies (CBDCs) in the UK. According to a recent Bloomberg report, officials are…

US Government Puts Stamp of Approval on Key Digital Asset in Historic First Move

SEC Chair confirms first-ever U.S. government stamp of approval on a key digital asset, signaling a breakthrough moment for blockchain adoption in mainstream financial infrastructure. SEC Chair Confirms Historic Pivot: Stablecoins Now Core to US Financial Future A pivotal shift in U.S. regulatory posture is underway as stablecoins gain unprecedented government recognition, signaling potential upgrades […] Source CryptoX Portal

Hive Digital Technologies Accelerates AI Pivot with $100M HPC Expansion

Hive Digital Technologies (HIVE) is continuing its transformation from a pure-play crypto miner to a high-performance computing (HPC) services provider. What began with a fleet of 400 GPUs managed by two employees is now scaling toward a $100 million annual revenue. The company is leveraging advanced AI chips, including Nvidia’s H100s and the forthcoming Blackwell GPUs, to drive this growth. Co-founder and Executive Chairman Frank Holmes and CEO Aydin Kilic elaborated on Hive’s strategy in an exclusive interview with Cointelegraph at the Nasdaq Stock Exchange headquarters in New York City,…

Tether Boss: GENIUS Act Positions US for Digital Finance Leadership

Tether CEO Paolo Ardoino hailed the signing of the GENIUS Act by U.S. President Donald Trump on July 18 as a pivotal milestone in creating a transparent regulatory framework for digital assets in the United States. He stressed that thoughtful regulation is key to unlocking innovation, safeguarding consumers, and accelerating the mainstream adoption of blockchain […] Source CryptoX Portal

Galaxy Digital Sends 1,500 BTC To Binance

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Bitcoin is currently consolidating between $115,000 and its all-time high of $123,000, forming a tight range that has kept both bulls and bears on edge. Despite the recent surge, price action has slowed, and while bulls are holding strong above key levels, market participants are growing cautious about the potential for a correction. Related Reading Adding to the uncertainty is the resurfacing of a Satoshi-era whale. Top analyst Darkfost has been tracking this long-dormant wallet, which recently transferred 80,000 BTC to Galaxy Digital, a major player in digital assets and…

Bit Digital Boosts Ethereum Treasury to Over 120,000 ETH

Bit Digital has expanded its ethereum holdings to over 120,000 ETH, converting recent capital into a long-term bet on ethereum’s role in the evolving digital economy. Bit Digital Converts $67.3 Million Raise Into Strategic Ethereum Play With Addition of 19,683 ETH Bit Digital, Inc. (Nasdaq: BTBT) has added 19,683 ETH to its balance sheet, using […] Source CryptoX Portal

BTC Digital Pivots to Ethereum With $6M Funding Round

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Blockchain technology and mining company BTC Digital has gone all-in on Ethereum in a strategic shift and the closure of a $6 million financing round.  The firm, listed under the ticker BTCT on the Nasdaq, announced a “transformative, strategic shift” to fully embrace Ether (ETH) as its “core asset and operational foundation” on Thursday.  The company revealed that it has added a new $1 million Ether position and going forward intends to convert all existing and future Bitcoin (BTC) holdings into ETH to build a “long‑term, productive on‑chain asset pool and to…