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Standard Chartered Issues Warning on Bitcoin Treasury Companies
Strategy Chairman Michael Saylor has inspired dozens of copycats with his bitcoin treasury approach. But Standard Chartered warns of dire consequences to imitators if the cryptocurrency’s price collapses. Standard Chartered Flags Risks for Bitcoin Corporate Treasuries What could possibly go…
Brazil Mulls Taxing Cryptocurrency to Offset Financial Transaction Tax Hike
Amid a public debate regarding an executive order that increases the current tax on financial transactions, Brazil is considering taxing crypto transactions to mitigate the impact of the increase, which would affect a larger audience. Brazil Mulls Cryptocurrency Transaction Tax…
Tether’s CEO: Stablecoins Are Key to Financial Transformation in Africa
Tether has made a strategic investment in a pan-African blockchain financial solutions provider to enhance cross-border payments and global liquidity for African businesses. Stablecoins: The Heartbeat of Financial Transformation Stablecoin issuer Tether announced June 5 that it had made a…
Hail Mary in Crypto: Spanish Coffee Chain Plans Massive Bitcoin Treasury—Will It Work?
Vanadi Coffee, a Spanish coffee franchise, will discuss the possibility of allocating up to 1 billion euros (nearly $1.1 billion) to establish a bitcoin treasury. The proposal, still to be approved, would position the company among the largest holders of…
Bitcoin Craters to $100K as $837M in Crypto Positions Vanish
On Thursday, bitcoin dipped to $100,426, shedding nearly 4% of its value in a single day. Bitcoin (BTC) spent the day under pressure, sliding from just above $104,000 to about $100,500 per coin. While it hasn’t slipped beneath the six-figure…
