Coinbase Will Be $1 Trillion Company, Says Bitwise CIO
Matt Hougan, Chief Investment Officer at Bitwise Asset Management, believes crypto exchange Coinbase (Nasdaq: COIN) will be a $1 trillion company in the future, following its acquisition of Deribit. In a statement on X, Hougan signaled strong confidence in Coinbase’s strategic direction, stating: “This is an insanely great acquisition. Coinbase is going to be a […]
Ripple’s $5B Bid to Acquire Circle Gets Rejected: Report
Ripple has reportedly made a strategic acquisition attempt targeting competitor Circle Internet Group, offering between $4 billion and $5 billion. However, insiders revealed the offer was dismissed for undervaluing Circle. Despite Ripple’s continued interest, a follow-up bid remains uncertain. Meanwhile, Circle is pushing ahead with plans for an initial public offering filed earlier this month. […]
Xi Jinping Backs BRICS Bank’s Growth as Key Driver for Global South Economies
Chinese President Xi Jinping underscored BRICS’ New Development Bank (NDB) as a crucial emerging force in the global financial system during discussions with NDB President Dilma Rousseff. He emphasized that the NDB, spearheaded by BRICS nations, embodies the growing leadership of developing economies and stands as a golden symbol of Global South cooperation. Xi advocated […]
Nike Faces $5M NFT Meltdown Lawsuit
Nike is facing a class action lawsuit after abruptly shutting down its crypto-focused subsidiary, RTFKT, leaving investors with significant losses tied to Nike-themed NFTs and digital assets. Plaintiffs, led by Australian investor Jagdeep Cheema, allege they were misled into buying what they now claim were unregistered securities, only to see their value collapse after Nike […]
China Warns of Global Fallout as US Tariff Push Turns Trade Into Economic Warfare
China’s Ministry of Commerce issued a warning that the global economy could face severe consequences if U.S. tariff policies continue to escalate. The ministry criticized what it described as coercive trade tactics aimed at isolating China, arguing that such measures undermine fair economic principles and risk triggering systemic damage for all nations. It emphasized that […]
Kraken Launches FX Perpetual Futures With 20x Leverage on EUR, GBP Pairs
Crypto exchange Kraken has launched FX perpetual futures (FX perps) on its Kraken Pro platform, introducing real-time trading for EUR/USD and GBP/USD pairs with up to 20x leverage. These instruments, pegged to Dxfeed’s Composite Forex Index, offer continuous trading without expiration and function like traditional crypto perpetuals but are tailored for forex. Kraken aims to […]
Fake McAfee Pop-ups Hijack PCs in Ruthless Bitcoin and Gold Bar Scams
Criminals are leveraging counterfeit McAfee pop-ups to deceive individuals in Pinellas County, Florida, by gaining unauthorized remote access to personal computers. Once control is obtained, scammers manipulate victims into transferring funds through bitcoin ATMs, purchasing gold bars, or withdrawing substantial cash amounts that are later picked up by couriers. One recent incident resulted in a […]
Lawmakers Demand SEC Transparency on Trump Family Crypto Ties
Senator Elizabeth Warren and Representative Maxine Waters have formally requested transparency from the U.S. Securities and Exchange Commission (SEC) concerning potential conflicts of interest involving President Donald Trump’s family and their ties to World Liberty Financial (WLF), a cryptocurrency firm. The lawmakers cited concerns that the Trump family stands to gain up to $400 million […]
Bank of Korea Rejects Bitcoin for Reserves, Citing High Volatility and Liquidity Concerns
South Korea’s central bank has ruled out adding bitcoin to its foreign exchange reserves, citing extreme price volatility and failure to meet liquidity and investment-grade standards. This stance follows U.S. President Donald Trump’s March 6 executive order promoting bitcoin stockpiling. The Bank of Korea, responding to a query from Rep. Cha Gyu-geun, emphasized that reserves […]
Pakistan Crypto Council Launches to Regulate Digital Assets
The newly established Pakistan Crypto Council aims to integrate blockchain technology and digital assets into the country’s financial system through clear regulations and innovation-driven policies. Finance Minister Muhammad Aurangzeb, serving as Chair, emphasized the government’s dedication to fostering a secure and progressive crypto ecosystem. The initiative reflects Pakistan’s proactive stance on positioning itself as a […]