Tag: Digital

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 Anchorage’s existing offerings, Anchorage said in a May 12 statement. While terms of the deal weren’t disclosed, it reflects an accelerating number of acquisitions between crypto and TradFi firms in recent months. Explaining the acquisition,…

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 company’s shares. Gryphon shareholders will hold just 2% following the merger. The combined company will operate under the American Bitcoin brand. The leadership…

Trump’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 — despite ongoing negotiations with Republican leadership. The 48–49 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 polarized…

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 company’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 for…

Beyond digital gold, Bitcoin’s next chapter is about to be unlocked — Dan Held

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Bitcoin (BTC) has long been branded as “digital gold,” a store of value for believers in scarcity, decentralization and self-sovereignty. As institutional interest grows, geopolitics shift, and new layers emerge on Bitcoin’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 Bitcoin’s next chapter may unlock broader functionality, from programmable use cases to more nuanced messaging that reaches far beyond crypto-native circles. Political shifts With…

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 “virtual boliviano,” which would facilitate international settlements. Central Bank of Bolivia to Launch Digital Currency With International Settlements in Mind Bolivia, which initially banned the […] 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 governor’s official website, following the passage of House Bill 2749 with bipartisan support in the state legislature. The new law updates Arizona’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 property…

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 CBDC’s launch. Digital Euro Launch Set for Early 2026 COTI, an Ethereum confidentiality layer, has been selected by the […] Source CryptoX Portal

Trump’s crypto dealings face scrutiny as House Republicans unveil digital asset bill

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US President Donald Trump’s crypto businesses are drawing increased scrutiny on Capitol Hill and beginning to influence the progress of US digital asset legislation. As Republican lawmakers in the US House of Representatives unveiled their draft of a digital asset market structure bill on May 5, Democrats prepared for a united response to Donald Trump’s deepening connections with the industry. Speaking to Cointelegraph on May 5, a Democratic staffer with knowledge of the matter said that House Financial Services Committee Ranking Member Maxine Waters planned to lead some members of…

Bit Digital Aims for $500M Raise to Fuel HPC, Cloud Expansion

Bit Digital plans to raise up to $500 million through an at-the-market (ATM) equity offering. The offering will be facilitated by investment bank H.C. Wainwright & Co., which will earn a commission of up to 3% on shares sold. New Funding to Support Excursion Into High-Performance Computing Bitcoin mining firm Bit Digital has announced its […] Source CryptoX Portal