Business News
Lloyds, Visa Settle $750,000 Using USDC in Live Cross-Border Pilot
Quick Take Lloyds Banking Group used USDC to settle $750,000 of payment obligations with Visa during a seven-day live pilot. The funds reached Visa in under an hour, including over the weekend, while the trial also tested settlement across private and public blockchains. Lloyds and Visa completed a ...
Strive Pushes Bitcoin Holdings Above 27,400 BTC with Latest $94.5 Million Purchase
Quick Take SATA supplied 85% of the week’s capital, as warrant exercises generated another $12.4 million. Strive needs to average roughly 1,235 BTC per week to reach second place by year-end. Strive picked up another 1,107 bitcoins for approximately $94.5 million last week, pushing its total holding...
Tom Lee's Bitmine Tops 6 Million ETH After Buying Another 17,362 Ether
Quick Take Bitmine bought 17,362 ETH last week, with its total ether holdings surpassing 6 million ETH. Bitmine’s total crypto, cash and other investments currently stand at $17.2 billion, and the company owns over 4.9% of Ethereum’s circulating supply. Tom Lee-chaired Ethereum (ETH) treasury compan...
Hut 8 Wins Bidding for Poolin’s Texas Data Centers with $140 Million Offer
Quick Take The proposed sale remains subject to court approval at a Sept. 29 hearing. Poolin entered bankruptcy with around $173 million in debt, mostly owed to wallet users. Hut 8 was revealed as the winning bidder for bankrupt crypto miner Poolin's two Texas data center sites with an offer of $140...
Strategy Proposes Daily Dividends for STRC, STRD, STRF and STRK Preferred Stocks
Quick Take Strategy’s board approved a proposal to move STRC, STRD, STRF, and STRK to daily dividends, subject to a shareholder vote on Oct. 28. STRC only moved from monthly to semi-monthly dividends in June, when shareholders approved an earlier change to its payment schedule. Bitcoin treasury comp...
Canada's Big Six Banks Explore Tokenized Deposit System to Modernize Payments
Quick Take Canada’s six largest banks are jointly exploring a Canadian-dollar tokenized deposit system. The first phase involves moving tokenized deposits efficiently across financial institutions. Canada's six largest banks are jointly exploring a Canadian-dollar tokenized deposit system in an ef...
Sofi Begins Stablecoin Settlement on Mastercard Network for Program Expected to Exceed $25 Billion in Annualized Volume
Quick Take SoFi has begun settling debit and credit card transactions using its SoFiUSD stablecoin on Mastercard’s global payments network. The bank is migrating its entire card program, which is expected to process more than $25 billion in annualized volume, to blockchain-based settlement. SoFi has...
'Crypto Bull Market Is Underway,' Tom Lee Says as Bitmine Nears 5% Ethereum Supply Target with 27,562 ETH Buy
Quick Take Bitmine bought 27,562 ETH last week and now holds more than 5.98 million ETH in total. Bitmine’s total crypto, cash, and other investments currently stand at $17.1 billion, and the company owns over 4.9% of Ethereum’s circulating supply. Tom Lee-chaired Ethereum (ETH) treasury company Bit...
'a Little More Orange': Strategy Buys 950 Bitcoin for $76 Million, Bringing Total Holdings to 846,000 BTC
Quick Take Strategy has purchased another 950 BTC for approximately $75.7 million at an average price of $79,670 per bitcoin, bringing its total holdings to 846,000 BTC. The latest acquisitions were funded by the company’s USD Cash reserve. Bitcoin (BTC) treasury company Strategy (MSTR) acquired an ...
Kevin O'Leary Is Buying Crypto Again, Says Major Stock Exchange Adoption Is the 'Watershed Moment' to Watch
Quick Take Kevin O’Leary said he is buying new crypto positions for the next cycle and watching for a major stock exchange to adopt a blockchain. O’Leary called stock exchange adoption a “watershed moment” and said CEOs across sectors are evaluating different blockchains rather than choosing the sam...