Tag: Digital

Bitcoinโ€™s April gains reflect growing hedge appeal in policy stress, Galaxy Digital says

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Bitcoinโ€™s solid April performance has caught attention, with Galaxy Digital saying investors are starting to rethink its role in portfolios. As markets struggled to find direction in April amid fresh tariffs and growing policy concerns, Bitcoin (BTC) quietly climbed 11%, doing better than gold, tech stocks, and even the U.S. dollar, raising new questions about its role in todayโ€™s market, analysts at Galaxy Digital wrote in a recent research report. Galaxy Digital said this may be a sign that investors are beginning to treat Bitcoin โ€œless as a speculative vehicleโ€ฆ

Anchorage Digital Acquires USDM Stablecoin Issuer Mountain Protocol

Crypto bank Anchorage Digital has announced an agreement to acquire Mountain Protocol, the issuer of the USDM stablecoin. Expanding Anchorageโ€™s Stablecoin Capabilities Anchorage Digital, federally chartered crypto bank in the U.S., has announced an agreement to acquire Mountain Protocol, the company behind the USDM stablecoin. The deal, which is still subject to regulatory approval, integrates [โ€ฆ] Source CryptoX Portal

Anchorage Digital buys Mountain Protocol, USDM stablecoin winds down

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Crypto bank Anchorage Digital has expanded its stablecoin offerings with the acquisition of Mountain Protocol, a stablecoin issuer that says it will begin winding down its main stablecoin, Mountain USD (USDM). The acquisition, which is subject to customary closing conditions and regulatory approval, will integrate the Mountain Protocol team, tech stack and licensing framework into Anchorageโ€™s existing offerings, Anchorage said in a May 12 statement. While terms of the deal werenโ€™t disclosed, it reflects an accelerating number of acquisitions between crypto and TradFi firms in recent months. Explaining the acquisition,โ€ฆ

Trump-linked American Bitcoin merges with Gryphon Digital Mining

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American Bitcoin, a company with ties to the Trump family, is merging with Gryphon to form a Bitcoin mining conglomerate. Trump-affiliated American Bitcoin is expanding its mining operations. On Monday, May 12, Gryphon Digital Mining announced a definitive stock-for-stock merger agreement with American Bitcoin Corp, a subsidiary of Hut 8. Although Gryphon is technically the acquiring party, shareholders of American Bitcoin will own 98% of the new companyโ€™s shares. Gryphon shareholders will hold just 2% following the merger. The combined company will operate under the American Bitcoin brand. The leadershipโ€ฆ

Trumpโ€™s digital fortune at fault?

The collapse of a procedural Senate vote on stablecoin legislation (GENIUS Act) Thursday underscores the challenges of keeping cryptocurrency policy bipartisan. Once poised for smooth passage, the bill was derailed after last-minute Democratic objections and a lack of time to review final text โ€” despite ongoing negotiations with Republican leadership. The 48โ€“49 vote, with two Republicans joining Democrats in opposition, highlights deepening divisions over process and trust. While both parties publicly support regulating digital assets, the vote raises questions about whether crypto can remain a nonpartisan issue in a polarizedโ€ฆ

Galaxy Digital approved for US domicile, clearing way for Nasdaq listing

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Galaxy Digital has been approved by the US Securities and Exchange Commission (SEC) to redomicile in the United States, setting the stage for the crypto investment companyโ€™s listing on the Nasdaq stock exchange. Galaxy anticipates listing on the Nasdaq, a tech-focused US stock exchange, by the middle of May, pending approval from the Toronto Stock Exchange, on which the company is already listed, and shareholder approval at a special shareholders meeting on May 9. Shareholders at the meeting must approve redomiciling Galaxy Digital in the US state of Delaware, known forโ€ฆ

Beyond digital gold, Bitcoinโ€™s next chapter is about to be unlocked โ€” Dan Held

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Bitcoin (BTC) has long been branded as โ€œdigital gold,โ€ a store of value for believers in scarcity, decentralization and self-sovereignty. As institutional interest grows, geopolitics shift, and new layers emerge on Bitcoinโ€™s stack, is it time for the narrative to evolve?  In this episode of The Clear Crypto Podcast, hosts Nathan Jeffay and Gareth Jenkinson speak with longtime Bitcoiner and entrepreneur Dan Held, who argues that Bitcoinโ€™s next chapter may unlock broader functionality, from programmable use cases to more nuanced messaging that reaches far beyond crypto-native circles. Political shifts Withโ€ฆ

De-Dollarization Watch: Bolivia to Launch Digital Currency to Tackle Cross-Border Payments

Edwin Rojas Ulo, president of the Central Bank of Bolivia, stated that the institution is currently consulting with international organizations regarding the design of a currency referred to as the โ€œvirtual boliviano,โ€ which would facilitate international settlements. Central Bank of Bolivia to Launch Digital Currency With International Settlements in Mind Bolivia, which initially banned the [โ€ฆ] Source CryptoX Portal

Arizona approves Bitcoin and digital assets reserve fund 

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Arizona Governor Katie Hobbs has approved a new law that lets the state take control of digital assets left unclaimed for three years or more. The announcement was made via a May 7 press release on the governorโ€™s official website, following the passage of House Bill 2749 with bipartisan support in the state legislature. The new law updates Arizonaโ€™s unclaimed property statutes to address the rise of digital assets, including cryptocurrencies.  Sponsored by House Commerce Committee Chairman Jeff Weninger, HB2749 creates a process for identifying and managing unclaimed virtual propertyโ€ฆ

COTI Selected by ECB to Help Develop Digital Euro Technology

The European Central Bank has selected COTI as a Pioneer Partner for its central bank digital currency (CBDC) initiative. The selected partners are tasked with demonstrating the technical implementation of a conditional payments system before the CBDCโ€™s launch. Digital Euro Launch Set for Early 2026 COTI, an Ethereum confidentiality layer, has been selected by the [โ€ฆ] Source CryptoX Portal