Italy’s second largest bank is considering expanding into digital asset offerings, including custody, according to reports. 

According to a Friday Bloomberg report citing people familiar with the matter, Milan-based UniCredit is selecting a technology provider that would allow it to build the infrastructure needed to hold digital assets and facilitate their buying and selling. 

Bloomberg’s reporting added that tokenized investment products and fixed-income securities, the use of stablecoins and exposure to cryptocurrencies were all on the cards. 

The news comes as other banks in Europe expand crypto offerings. Spain moved first on retail, with BBVA rolling out…

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The UK government suffered a defeat in the House of Lords on Wednesday as peers backed an amendment requiring the Treasury to draw up a national strategy for regulating digital assets.

The upper chamber approved the measure by 194 votes to 138, with Conservative and Liberal Democrat peers combining against a near-solid bloc of Labour votes. Baroness Neville-Rolfe, a Conservative former Treasury minister, moved the amendment to the Financial Services and Markets Bill.

The new clause, titled “Digital assets strategy,” would require the Treasury to prepare, publish and consult on a strategy for regulating and developing digital assets and related digital financial market…

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Bitcoin’s price rose on Friday — despite data revealing that U.S. inflation had risen. 

The biggest cryptocurrency by market cap was recently trading for close to $78,749 after jumping 2% over a 24-hour period. At one point on Friday morning in New York, bitcoin rose as high as $79,607. 

Bitcoin’s price spike came after news dropped that U.S. consumer prices accelerated in August, reinforcing ​expectations that the Federal Reserve will raise interest rates next week.

The consumer price index, excluding food and energy, climbed 0.3% in August from a month earlier, which was higher than expected. 

Inflation in the U.S. has been difficult to tame due to the war…

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The man behind one of the biggest bitcoin thefts in history this week pleaded guilty.

Malone Lam, 22, a Miami resident from Singapore, on Tuesday admitted his role as ringleader of the international crime group which stole 4,100 bitcoins — worth over $230 million at the time — to fund a life of luxury. 

The U.S. Department of Justice said that from October 2023 and through at least May 2025, Lam and others hacked databases to steal crypto users’ information and con them into providing user logins and private keys. Bitcoin and other cryptocurrencies worth $245 million were taken in the theft. 

On one occasion, a co-defendant broke into a residence in New Mexico and…

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Trezor has warned that a data breach at the third-party marketing platform it uses for sending newsletters is leading criminals to target customers with phishing attacks. 

The top hardware wallet manufacturer said Wednesday that an unauthorized actor got access to Brevo’s system and sent emails to 347,000 Trezor customers. Brevo is a platform businesses use to send customer communications. 

Scammers managed to use Trezor’s domain name to send the email, making the phishing attempt all the more believable. The email contained a malicious link asking users to download an app and enter their wallet backup. 

Our third-party e-mail provider has been breached. Please be…

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A new draft of the long-awaited crypto Clarity Act has dropped with amendments.

As first reported by Eleanor Terrett from Crypto in America and Punchbowl’s Brendan Pedersen, the updated bill contains changes including requiring non-decentralized DeFi protocols to register with the CFTC, and changes around how credit unions deal in crypto, according to reporters. 

The specifics include that a decentralized finance app fails the test of being such a protocol test if someone can control or materially alter its functionality, if it doesn’t run solely on pre-established transparent encoded rules, or if someone can restrict or censor its use.

It also adds that a federal credit…

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Nasdaq Inc. is investing $100 million in crypto exchange Kraken’s parent company, Payward, according to reports. 

The deal — not yet announced by either party — will help build out structure for tokenized stocks, Bloomberg reported Thursday, citing people familiar with the matter. The deal values the crypto company at $21 billion, according to the report. 

It comes as Wall Street increasingly eyes up bitcoin and crypto-related infrastructure. Kraken has made deals this year and last with traditional finance firms and the S&P Dow Jones Indices in March made a deal to debut a new derivative contract on decentralized exchange Hyperliquid. 

Bloomberg’s report said…

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Bitcoin’s price slid on Thursday after the price of oil shot over $105 a barrel thanks to renewed tensions in the Middle East. 

The biggest and oldest cryptocurrency was recently trading for $77,208 after sliding as low as $76,748 — down more than 2% over the past day. 

Its dip came after Iran signaled that it had no intention of backing down against U.S. forces. The two countries earlier this week stepped up attacks in some of the heaviest fighting since the war started in February. 

Tehran-backed Houthis in Yemen this week hit Saudi Arabian assets, also pushing the price of oil up. 

War in the Middle East pushes oil prices higher and makes the chances of…

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Coinbase CEO Brian Armstrong has said that bitcoin’s bottom is in and reiterated that the coin will hit $400,000 by 2030. 

Speaking on CNBC Thursday, the head of America’s biggest crypto exchange said that he was confident the long-awaited crypto Clarity Act would pass next week. 

Bitcoin was trading sluggishly throughout June and July but started surging in August, spurred on by positive regulatory news. Over a 30-day period, the largest cryptocurrency is currently up over 20%. 

JUST IN: Coinbase CEO Brian Armstrong tells CNBC the Bitcoin “bottom is in” and BTC hitting $400,000 by 2030 is a “reasonable target” 🚀 pic.twitter.com/RYfipYCNDk

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What is quantum computing? How is a quantum computer different from a regular computer? What relevance does this have to Bitcoin?

New Bitcoiners have been inevitably bumping into these questions and having to confront the issues they dredge up regarding Bitcoin’s exposure to what is very much an existential threat to its existence if a viable quantum computer were to be developed. 

The ability to own bitcoin rests on the foundational assumption that without directly leaking a copy of it, no one but the person who possesses a private key can sign to transact with coins secured by that key. Quantum computing calls that assumption into question. 

Quantum computers are not…

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