SBI Holdings has completed the acquisition of a majority stake in Coinhako, a Singapore-based cryptocurrency platform, after securing approval from the Monetary Authority of Singapore (MAS). 

The Japanese financial group made the purchase through its subsidiary SBI Ventures Asset Pte. Ltd., which injected capital into Coinhako parent Holdbuild Pte. Ltd. and bought shares from existing shareholders. The transaction closed July 16, making Coinhako a consolidated subsidiary.

Coinhako operates through Hako Technology Pte. Ltd., holder of a Major Payment Institution license from MAS, and Alpha Hako Ltd., a crypto asset service provider registered with the British Virgin Islands…

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Foundry Digital, the world’s leading Bitcoin mining pool operator, has said it will allow mining clients how the pool should signal on the BIP-110.

The Rochester, New York-based firm said Friday in an email to miners that they will be able to vote by using their hashrate — literally computing power — to vote either for or against the proposal. 

BIP-110, or the Bitcoin Improvement Proposal 110, is a proposal aimed at temporarily restricting spam on the blockchain. If it goes through, a soft fork — a backward-compatible rule change — would take effect, restricting the amount of non-monetary data on the network.

“As miners, it’s important for you to have a voice…

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Bitcoin price fell below $63,000 on Friday, as a fresh wave of U.S. airstrikes on Iran and a new political dispute between Washington and Beijing pushed investors out of risk assets.

Bitcoin price traded near $62,800, an extension of Thursday’s 1.4% slide from $65,000, according to Bitcoin Magazine Pro data. The token slipped under its 50-day simple moving average, a gauge of near-term momentum that many traders watch.

The bitcoin price retreat tracked a broad decline across global markets. Japan’s Nikkei 225 dropped 4% and entered a correction, a fall of more than 10% from its June 25 peak, as memory-chip maker Kioxia lost 16.1%. Hong Kong’s Hang Seng shed 2%, while the…

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Global market maker Citadel Securities has invested $400 million in crypto exchange Crypto.com, giving the platform a $20 billion valuation, according to a Thursday announcement. 

Crypto.com, which has a number of digital asset products, said the cash would help the Singapore-based company expand its services to assets such as blockchain-based securities and derivatives. 

The cash will help bridge the gap “between digital asset and traditional markets to create a more efficient 24/7 financial ecosystem,” a Thursday announcement read. 

“The size of the opportunity in front of us is staggering, as crypto increasingly becomes the rails for finance,” Crypto.com CEO…

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Asset manager T. Rowe Price on Thursday debuted its first crypto exchange-traded fund, giving investors exposure to Bitcoin and other digital coins. 

T. Rowe Price, which with $1.89 trillion in assets is one of the largest U.S. asset managers, said that its Active Crypto ETF is the first actively managed multi-token spot ETF on the market. 

The ETF, which trades on the NYSE Arca under the ticker TKNZ, mainly gives investors exposure to Bitcoin and Ethereum, weighed 40.75% and 18.42%, respectively, but includes other assets like Solana, XRP, Hyperliquid, Dogecoin, and BNB. 

T. Rowe Price applied to the U.S. Securities and Exchange Commission for the product last… Read more on BitcoinMagazine

Federal Reserve Chair Kevin Warsh told the House Financial Services Committee on July 14 that the central bank will decline to rescue the cryptocurrency industry in a crisis, a message he delivered during his first semiannual monetary policy testimony as chair.

The exchange came from Rep. Brad Sherman (D-CA), a longtime crypto skeptic, who asked whether the Fed would backstop failing digital-asset firms the way it supported money market funds in 2008. Warsh rejected the premise. “We do not want to be in the bailout business, full stop,” he said. He added, “We want to be in a position where we’re not bailing out anybody, including crypto.”

Warsh, who took office May 15…

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Another day, another Bitcoin treasury. 

But this time, with a twist: Earlier this week, macroeconomist and all-round Bitcoin legend Lyn Alden announced Orange Juice — an investment firm that aims to buy, improve and get businesses on a Bitcoin standard. 

The idea is that Orange Juice will buy small and mid-sized businesses at low prices, improve their operations, and hold them indefinitely rather than reselling them. 

A portion of the businesses’ profits will get converted into Bitcoin, which serves as the company’s treasury asset. 

“Pure-play Bitcoin holding companies exist, but their cash-flowing operations tend to be small or non-existent,” Alden wrote in…

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Breez has partnered with Turnkey to let developers add non-custodial bitcoin to applications that run wallets from their own servers, the companies announced.

The partnership addresses a structural problem. Many mainstream apps operate from the backend, with a single service handling millions of users. Adding bitcoin under that design has meant holding user keys on company servers. 

Holding keys makes a company a custodian, a status that carries licensing requirements, legal liability, and the security burden of a large store of user funds. The alternative has been to build a separate device-based wallet, a change that breaks the architecture these apps use to reach scale.

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Cloudflare recently announced the launch of its monetization program via the Coinbase-led x402 machine payments standard. x402, which lets AI agents pay for data online with crypto, has been gaining steam among the AI-pilled, as it unlocks more capable agent interactions with the open web. 

Cloudflare, founded in 2009, has grown from a DDoS mitigation and content delivery network (CDN) provider into one of the internet’s foundational infrastructure companies.

The company, which launched publicly in 2010, had the mission to make web performance and security accessible to everyone, not just large enterprises. Today, Cloudflare powers approximately 20-23% of all websites…

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