Category: crypto

European Bitcoin treasury company The Blockchain Group returned to profitability and plans to expand its Bitcoin reserves. The company rebranded in 2024 and recorded a net profit of €1.36 million. It reduced expenses and staff costs, initiated substantial Bitcoin purchases, and aims to hold between 170,000 and 260,000 BTC by 2033. Strategic investors support its…

Riot Platforms reported record revenue of $161.4 million in the first quarter of 2025, attributing the growth to higher Bitcoin prices, expanded hash rate capacity, and improvements at its Corsicana Facility. Despite the record revenue, Riot posted a net loss of $296.4 million, with adjusted EBITDA falling to negative $176.4 million. Production of Bitcoin increased…

Senate Republicans are fast-tracking the GENIUS stablecoin bill for a vote before Memorial Day. The bill, aimed at regulating stablecoins, would require 1:1 backing and Federal Reserve oversight. Supporters argue it is necessary for regulating crypto activity and preserving dollar primacy. Opposition from Democrats and banking groups raises concerns about potential risks.

The FCA is planning stricter regulations for the UK’s crypto sector to protect retail investors. With 93% of UK adults aware of crypto, the FCA aims to create a safer and more transparent environment while fostering innovation. Proposed measures include crackdowns on crypto lending, limits on using credit to purchase crypto, and tighter oversight of…

Kraken reported a strong start to 2025, with a 19% increase in revenue and a 1% rise in adjusted EBITDA for the first quarter. The company’s performance indicators, including trading volume and funded accounts, showed positive momentum. Kraken also completed the acquisition of NinjaTrader, expanding its product offerings to include derivatives trading in the US.…

Goldman Sachs is working to bring tokenized Treasuries and money market fund shares into round-the-clock trading, reflecting a broader ambition to integrate traditional collateral into blockchain infrastructure. The firm already operates a crypto derivatives desk and plans to launch three tokenization projects in 2025. US policy changes have removed regulatory hurdles for financial institutions to…

The MOVE token of the Ethereum-based Movement Network hit an all-time low after Coinbase delisted it due to questionable market-making activities. Movement Labs suspended co-founder Rushi Manche amid an investigation into suspicious activities. The network is working to restore trust by ending relationships with market makers and conducting third-party reviews.

The Doomsday Clock, maintained by the Bulletin of the Atomic Scientists, is now at 89 seconds to midnight, the closest it has ever been. This reflects existential threats like nuclear tensions, climate change, and disruptive technologies. Bitcoin’s integration into energy markets offers potential positive impacts on climate, infrastructure, and stability.

The US Treasury’s FinCEN has proposed banning Cambodia’s Huione Group from the American financial system due to its involvement in moving illicit funds linked to North Korea and Southeast Asia crime rings. Huione processed over $4 billion in suspicious transactions and lacked proper AML and KYC policies, operating similarly to darknet marketplaces.

Strategy’s Bitcoin-focused investment operation achieved a 13.7% year-to-date BTC Yield and a $5.8 billion BTC $ gain as of April 28. The firm raised its full-year BTC Yield target to 25% and increased its BTC gain projection to $15 billion. Strategy holds 553,555 BTC acquired at a cost of $37.9 billion.