Strategy raises $334M through stock sales but buys no Bitcoin
Proceeds funded STRC dividends and repurchases, while $149.1 million was added to Strategy’s US dollar reserve, which reached $4.8 billion....
Business
RedotPay US IPO Faces Delay Amid Regulatory, Legal Hurdles: Report
RedotPay’s plans for a US stock market debut have reportedly been delayed as the stablecoin payment company prepares to expand...
Gemini posts $108M Q2 net loss despite 37% revenue growth
Credit card and staking revenue drove Gemini’s services growth in Q2 as exchange revenue fell 38% and trading volume dropped...
BitGo posts $19M Q2 loss despite 80% revenue surge to $4.3B
An $18.8 million unrealized digital asset loss and weaker trading margins pushed BitGo into the red in the second quarter....
Bitdeer increased Bitcoin mining output by nearly fivefold in Q2
Bitdeer mined 2,694 BTC in Q2, but ended the quarter holding just 150 BTC after liquidating its treasury earlier this...
Boerse Stuttgart Digital, Tradias Complete European Crypto Merger
Boerse Stuttgart Digital and institutional crypto trading firm Tradias have completed their merger after clearing the required ownership control procedure,...
Step App winds down after four years as FITFI token sinks
Move-to-earn project Step App will wind down services by Aug. 21 after four years, while its FITFI token trades 99.9%...
Binance Affiliates Sue RedotPay Over User Diversion Claims
Binance-affiliated companies have sued the founders of Hong Kong-based cryptocurrency payments company RedotPay, alleging it diverted more than 470,000 users...
Nigeria Sets Crypto Tax Rules for Digital Asset Platforms
Nigeria’s revenue agency has issued rules requiring crypto platforms and peer-to-peer (P2P) marketplaces to collect, report and remit taxes, including...
Citadel Buys Situational Awareness Stocks After July AI Market Rout: Reports
Ken Griffin’s Citadel reportedly bought a large proportion of the public stock portfolio of Situational Awareness, the hedge fund founded...
Chinese newspaper warns of Bitcoin extortion scam using its name
China Business Journal says fraudsters impersonated the publication, demanding Bitcoin to suppress purported investigative reports about targeted companies. Source link
Tether signs tokenization deal with Nairobi Securities Exchange
The agreement covers tokenized securities, blockchain-based market infrastructure and the potential use of USDT as a settlement layer. Source link
Ondo Shifts From Layer-1 Blockchain to Offchain Execution Network
Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.All news, reviews, and analyses...
BitMart to Wind Down Exchange as BMX Tanks
BitMart will wind down its cryptocurrency exchange, ending all trading services on Aug. 26 before ceasing operations entirely on Jan....
BitMart Faces Withdrawal Complaints Following Wind-Down Announcement
Withdrawals from crypto exchange BitMart appeared to slow after it announced plans to wind down its operations. On Monday, blockchain analytics...
Mirae Asset completes Korbit acquisition, becomes largest shareholder
Mirae Asset Consulting has become Korbit’s largest shareholder after completing its acquisition, with the exchange saying trading and customer asset...
Tether-backed Twenty One, Strike merger plan scrapped: Bloomberg
Strike will remain a standalone company after the proposed three-way merger was scrapped, while Twenty One Capital and Elektron continue...
MoonPay Acquires Glide to Expand Crypto Deposit Tools
MoonPay has acquired the crypto infrastructure startup Glide, integrating Glide’s deposit and routing technology, the companies said in a joint...
YGG Cuts Game Publishing Arm, Lays Off 35 Staff
Crypto gaming company Yield Guild Games says it has shut down its crypto game publishing arm, YGG Play, and will...
Bitmine ETH Holdings Reach 5.7M After Joining Russell 1000
Ether treasury company Bitmine Immersion Technologies added more than 27,000 Ether to its holdings last week as the firm joined...
BitGo Lays off 15% of Staff in Stablecoin, AI Focus
Crypto infrastructure company BitGo Holdings laid off about 15% of its staff on Thursday as its CEO pledged to focus...
Sharplink Buys ETH for First Time in 8 Months
Ether treasury company Sharplink has bought Ether for the first time in eight months as the token sank to its...
