The new law allows banks with over US$50 million capital to offer cryptocurrency services. It targets “sophisticated investors” holding more than US$250,000 in liquid assets, including Bitcoin. Licensed institutions can hold Bitcoin, issue tokens, and create regulated crypto-linked investment products. El Salvador’s National Assembly has passed the Investment Banking Law,Continue Reading

Parataxis Holdings will go public and acquire South Korea’s Bridge Biotherapeutics, rebranding it as Parataxis Korea to establish a direct presence in the Korean market. The company plans to build a US$640 million Bitcoin treasury, positioning itself as a major institutional BTC holder targeting both US and Korean investors. TrumpContinue Reading

Bitcoin advocates have met with Indonesian officials, including Vice President Gibran Rakabuming Raka, to propose creating a national Bitcoin reserve. The proposal suggests using Bitcoin mining as a sovereign strategy to promote long-term economic stability by leveraging the country’s abundant geothermal and hydroelectric energy. The presentation emphasised the need forContinue Reading

Galaxy Digital CEO Mike Novogratz believes the trend of companies adding Bitcoin to their treasury reserves has reached its peak with fewer new entrants expected. The firm recently executed one of the largest Bitcoin sales in history, selling 80,000 BTC on behalf of an anonymous client to institutional buyers. Meanwhile,Continue Reading

Arkham Intelligence uncovered a 2020 hack that drained 127,426 BTC from LuBian Mining Pool that would now be worth US$14.5B. The attack exploited a flawed private key generation method, allowing hackers to access over 90% of the mining pool’s holdings. LuBian attempted to contact the thief using blockchain messages, butContinue Reading