Marathon Digital Increases BTC Holdings by $124M in July
Marathon Digital Holdings, the world’s largest Bitcoin miner, continues to increase its holdings as part of its “full hodl” strategy. The current valuation of Marathon Digital exceeds $124 million, as it has increased its holding of 2,282 Bitcoin. According to an announcement on August 6, Marathon’s Bitcoin holdings are valued at 20,818 BTC, equivalent to […]
Transak Becomes US First Crypto On-ramp to Enable Wire Transfers
Transak, a Web3 payments infrastructure provider, has become the first fiat-to-crypto on-ramp to introduce wire transfers in the United States for crypto users. This is the inaugural instance where crypto users in the world’s largest economy can replenish their digital asset accounts through wire transfers. According to Sami Start, the co-founder and CEO of Transak, […]
Robinhood Suspends 24-hour Trades Temporarily
On August 6, Robinhood suspended overnight trading at its 24-hour market execution venue, Blue Ocean ATS (BOATs). BOATs suspended overnight trading on Robinhood from 12:00 am UTC to 8:00 am UTC on August 6, according to Robinhood Help, the company’s support account on X. “You have the option to cancel your order at any time, […]
Euro Stablecoin Market Surges Under MiCA Framework
French and Irish fintech companies have partnered to introduce a euro-backed stablecoin as the EU’s Markets in Crypto-Assets Regulation (MiCA) framework is progressively implementing itself. The market has been cleansed of participants who cannot comply with regulatory requirements, and a favorable environment has been established for stablecoins pegged to local currency due to these explicit […]
Genesis Moves $1.5B in BTC, ETH for Creditor Repayment
Bankrupt crypto lender Genesis Global has moved $1.5 billion in Bitcoin and Ethereum for creditor repayment. Arkham Intelligence, a crypto data analytics platform, disclosed the update, which indicated that the funds were transferred to Ethereum (ETH) and Bitcoin (BTC). The implosion of the FTX Derivatives Exchange in Q4 2022 had a substantial impact on Genesis […]