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Gold investor Peter Schiff bragged about the returns on his precious metals in an X post on Tuesday before using the moment to take a dig at bitcoin ( BTC). Schiff says he owns the VanEck Gold Miners ETF (GDX), which has returned 61.3% so far this year according to Yahoo Finance. Schiff, a staunch … Read more
While Republican House Speaker Mike Johnson made the controversial move to shut down the House early to prevent Congress from grilling Jeffrey Epstein’s former partner and convicted sex trafficker, Ghislaine Maxwell, Wyoming Senator Cynthia Lummis, the so-called “Crypto Queen,” published a press release on Tuesday afternoon imploring the Senate to remain in session for the … Read more
PNC Bank has formed a strategic partnership with cryptocurrency exchange Coinbase to expand digital asset services for its clients. The collaboration will leverage Coinbase’s institutional-grade Crypto-as-a-Service platform to enable PNC’s banking clients and institutional investors to buy, hold and sell cryptocurrencies securely through PNC’s systems. PNC will also provide select banking services to Coinbase as … Read more
Conflux, a Chinese blockchain platform, has announced the launch of a new offshore yuan-backed stablecoin during its Conflux 3.0 network upgrade event in Shanghai. This stablecoin, pegged 1:1 to the offshore Chinese yuan, aims to facilitate cross-border payments, particularly for countries involved in China’s Belt and Road Initiative. Conflux has partnered with fintech firm Anchorx … Read more
JPMorgan Chase is reportedly exploring the possibility of lending against clients’ cryptocurrency holdings, marking a significant shift in the bank’s stance on digital assets, according to the FT. This potential policy change comes as the largest U.S. banks increasingly embrace cryptocurrencies, despite CEO Jamie Dimon’s previous criticisms of bitcoin, which he once labeled a “fraud.” … Read more
As a discreet financial maneuver takes shape in Japan, Arthur Hayes says this subtle central bank shift could be the catalyst behind bitcoin’s next explosive surge. On July 19, Hayes highlighted reports that the Bank of Japan (BOJ) is stepping in to supply U.S. dollars against pooled collateral starting July 17, calling the move a … Read more
Infamous bitcoin sceptic and proud gold bug Peter Schiff posted a curious message to his 1.1 million X followers on Monday afternoon, urging them to sell ether ( ETH) and use the proceeds to buy bitcoin ( BTC). Schiff, who once compared the dominant cryptocurrency to the bulbs of the Dutch Republic’s 1634 “tulip mania,” … Read more
Crypto-betting platform Polymarket is set to return to the U.S. market after federal regulators closed investigations and it struck a deal to acquire derivatives exchange QCX. The Justice Department and Commodity Futures Trading Commission (CFTC) formally notified Polymarket this month that probes examining whether it improperly allowed U.S.-based traders post-2022 settlement were closed. To gain … Read more
Cryptocurrency custody firm Bitgo Holdings Inc. has confidentially submitted a draft registration statement for a proposed initial public offering (IPO) of its Class A common stock to the Securities and Exchange Commission (SEC). This move places Bitgo among a growing list of major digital asset service providers, including Circle Internet Financial Ltd., which completed its … Read more
After hinting at another bitcoin buy on Sunday, Michael Saylor followed through Monday with a big reveal: Strategy snapped up 6,220 BTC for a cool $739.8 million. Saylor and Strategy just boosted their already hefty bitcoin (BTC) reserves with a fresh batch this week. On Sunday, the Strategy founder teased a new purchase while the … Read more