Kenya has taken a major step toward embracing the digital economy after lawmakers approved the Virtual Asset Service Providers Bill, setting the stage for the regulation of cryptocurrencies and related services. Finance committee chair Kuria Kimani confirmed the bill’s passage, noting that it aims to provide clear rules for the fast-growing sector and boost investment opportunities. The legislation now awaits President William Ruto’s signature to become law.

Under the bill, the Central Bank of Kenya will oversee the licensing of stablecoins and other virtual assets, while the Capital Markets Authority will regulate crypto exchanges and trading platforms. By introducing this framework, Kenya positions itself alongside South Africa as one of the few African nations with clear laws governing digital assets. Lawmakers believe the clarity will attract global players like Binance and Coinbase, with discussions already underway.

Supporters argue the new law could make Kenya a gateway into Africa’s digital economy, especially as young people increasingly adopt crypto for payments, trading, and business. With its history of innovation through mobile money platforms like M-Pesa, Kenya is now extending its financial leadership into the world of blockchain and virtual assets.

It’s been a rocky three days for the crypto market… to say the least.

But bitcoin holders are faring best, as bitcoin price bounced back sharply to around $116,000 today following a volatile weekend that saw the broader crypto market slump.

The bitcoin price fell to the low $100,000s on Friday as U.S. and China trade tensions rattled global markets. President Donald Trump announced new 100% tariffs on Chinese goods after Beijing unveiled sweeping export controls set to begin Nov. 1. 

But over the weekend, market jitters eased and the bitcoin price gradually rebounded. President Trump walked back some of the fear and posted that ‘it will all be fine’ in reaction to…

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Global banking giant Citi is preparing to enter the cryptocurrency market with a dedicated crypto custody service by 2026, as major Wall Street firms deepen their presence in digital finance. The bank has been developing the service for over two years and aims to offer secure storage of cryptocurrencies like bitcoin and ether for asset managers and institutional clients.

Citi’s move comes as a more supportive U.S. regulatory environment under recent legislation encourages traditional banks to explore digital assets. The service will allow Citi to hold cryptocurrencies directly on behalf of clients, addressing security concerns and leveraging the bank’s trusted custodial expertise. Partnerships with third-party providers and in-house technology solutions are both being considered.

The bank is also exploring stablecoins and blockchain-based payment systems to enable faster cross-border transactions. As global demand for digital finance solutions grows, Citi’s expansion signals increasing institutional confidence in the future of cryptocurrencies.

CNBC

Citi is reportedly preparing to roll out a crypto custody service by 2026, joining a growing list of Wall Street institutions expanding into bitcoin and other assets due to a friendlier U.S. regulatory climate.

Biswarup Chatterjee, Citi’s global head of partnerships and innovation for its services division, told CNBC the bank has been developing its custody offering for over two years and plans to bring it to market “in the next few quarters.” 

The service would allow Citi to hold native bitcoin and other crypto on behalf of clients, a significant move for one of the world’s largest custodians of traditional financial assets.

“We may have certain solutions that are…

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JPMorgan has re-confirmed it will allow clients to trade Bitcoin and other cryptocurrencies. 

While the bank will not immediately offer custody services, it is expanding its blockchain initiatives and exploring how crypto fits into its broader markets strategy.

Scott Lucas, JPMorgan’s global head of markets digital assets, outlined the bank’s approach in a CNBC interview, emphasizing an “and” strategy that balances existing financial infrastructure with emerging blockchain opportunities. 

On trading crypto, Lucas said that, “Jamie [Dimon] was pretty clear during investor day that we were going to be involved in the trading of that, but custody is not on the table…

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Bitcoin Price Weekly Outlook

I feel like a broken record saying this, but it bears repeating: Wow, what a difference a week makes! Bitcoin pulled back a little as expected early last week, but then the bears came in with a sucker punch on Friday morning as Trump’s talk of raising tariffs on China sent markets crashing down.

Things escalated quickly after liquidity dried up in the afternoon to send bitcoin down to a low of $105,617 on the index price. The price action was a bit chaotic as some leveraged exchanges went as low as $102,000 and even $100,000. After the carnage was done, bitcoin had a nice bounce back up to close the week out at $115,128. The bears are still firmly…

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Europe’s largest asset manager, Amundi, is preparing to step into the Bitcoin ETN market, according to French crypto media outlet The Big Whale. With €2.3 trillion in assets under management, the move marks a significant step toward mainstream adoption of digital assets within Europe’s financial sector.

Amundi has recently highlighted Bitcoin’s role as a potential store of value and a macro-hedging tool against persistent inflation. The firm has also been actively expanding its ETF offerings, including leveraged products that qualify for European tax-advantaged accounts, signaling a stronger commitment to diversified investment strategies.

Momentum is building across Europe as institutional players explore regulated Bitcoin exposure. Sovereign fund activities in the Eurozone are further boosting acceptance of cryptocurrencies, paving the way for greater integration of digital assets into traditional finance. Amundi’s entry could mark a turning point, reinforcing Bitcoin’s position in the portfolios of major institutional investors.

In a move that blends energy innovation with digital infrastructure, Canaan Inc. announced the launch of a pilot project in Calgary, Alberta, designed to turn stranded or flared natural gas into power for Bitcoin mining and high-performance computing.

The initiative, developed in partnership with Aurora AZ Energy, marks a step for Canaan as it explores how waste gas — often burned off at remote wells — can instead fuel computing power directly at the source.

The pilot will install over $2 million worth of Avalon A15 Pro miners and modular data centers at wellheads, delivering roughly 2.5 megawatts of computing capacity with a guaranteed 90% uptime.

Canaan’s stock…

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