Currency

Yala’s Bitcoin-Backed YU Stablecoin Struggles to Reclaim Peg After Exploit

Yala’s Bitcoin-Backed YU Stablecoin Struggles to Reclaim Peg After Exploit

Yala’s Bitcoin-backed stablecoin YU has failed to regain its dollar peg following an “attempted attack” early Sunday that sent the token plummeting to $0.2046. The Yala team confirmed the inciden...

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Capital Group Grows Bitcoin Bet to $6B Through Treasury Stock Surge

Capital Group Grows Bitcoin Bet to $6B Through Treasury Stock Surge

Capital Group, a 94-year-old mutual fund powerhouse known for its conservative investment approach, has grown a $1 billion position in Bitcoin-related stocks into more than $6 billion. Mark Casey,...

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Underperforming Altcoins Are Confusing Treasury Narrative

Underperforming Altcoins Are Confusing Treasury Narrative

Companies adding underperforming altcoins to their balance sheets are muddying the broader treasury narrative, says Bitcoin treasury company Nakamoto CEO, David Bailey. “The treasury company monik...

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Pakistan Invites Global Crypto Firms to Apply for Licenses

Pakistan Invites Global Crypto Firms to Apply for Licenses

Pakistan has opened the door to international crypto businesses, inviting leading exchanges and virtual asset service providers (VASPs) to apply for licenses under a new federal regime. On Saturda...

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Wall Street Veteran Tips TradFi To Bolster Bitcoin Allocations

Wall Street Veteran Tips TradFi To Bolster Bitcoin Allocations

Wall Street veteran and macro analyst Jordi Visser is forecasting that US financial institutions are set to ramp up their Bitcoin allocations before the year is out. “Between now and the end of th...

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Ethereum Foundation Reveals Privacy-Preserving Roadmap

Ethereum Foundation Reveals Privacy-Preserving Roadmap

The Ethereum Foundation has released a roadmap to bring end-to-end privacy features to the Ethereum network, a layer-1 (L1) smart contract blockchain, and rebranded its “Privacy & Scaling Expl...

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