Rumble (NASDAQ: RUM), the video-sharing platform and cloud services provider, has announced the purchase of approximately 188 Bitcoin, valued at around $17.1 million, as part of its previously disclosed Bitcoin treasury strategy. Acquired at an average price of approximately $91,000 per coin, this purchase is a part of the company’s plan to allocate up to $20 million into Bitcoin.

“We are excited to announce these purchases and allocation of Bitcoin as part of our treasury strategy as well as a larger strategic move as we further expand our ties to the crypto industry,” said Rumble Chairman and CEO Chris Pavlovski. “These holdings have the potential to serve as a valuable…

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Binance the world’s largest cryptocurrency exchange joins forces with MGX a major AI and technology investor from Abu Dhabi in a groundbreaking $2 billion investment. This landmark deal not only marks Binance’s first institutional investment but also stands as the largest single investment in a crypto company to date paid entirely in stablecoin. It signifies a major leap in digital asset adoption enhancing blockchain’s integral role in global finance.

Through this strategic partnership MGX secures a minority stake in Binance marking its initial foray into the cryptocurrency and blockchain sectors. The investment aims to bolster innovation at the crossroads of AI blockchain technology and finance furthering Binance’s extensive influence across these fields especially in the UAE. This region is celebrated for its progressive stance on cryptocurrency regulation and clarity in digital asset frameworks.

Ahmed Yahia of MGX and Binance CEO Richard Teng both heralded the investment as a pivotal moment for digital finance. Teng emphasized their commitment to shaping an inclusive sustainable digital finance ecosystem while adhering to stringent compliance and security standards. This move is set to accelerate institutional adoption and support the expansive growth of decentralized finance and the tokenized economy worldwide.

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Bolivia’s state energy company YPFB has taken a pioneering step by deciding to use cryptocurrency for energy imports. This strategic move reported by Reuters aims to address the nation’s severe shortage of U.S. dollars and foreign currency reserves. By adopting cryptocurrency payments YPFB seeks to mitigate the ongoing fuel crisis caused by reduced natural gas exports.

Scattered protests have erupted across Bolivia due to the fuel shortages. The adoption of cryptocurrency by YPFB marks a significant shift in how the country plans to stabilize its economic conditions. According to a YPFB spokesperson the transactions in cryptocurrency will commence immediately signaling a new era in the nation’s economic strategy.

This initiative follows a trend in South America where state-owned energy firms are turning to cryptocurrencies. In 2023 Argentina’s YPF entered the crypto mining sector while Venezuela’s PDVSA started using cryptocurrencies last April to circumvent U.S.-imposed oil sanctions. Bolivia’s move could set a precedent for other nations facing similar economic challenges.

Reuters

California State Senator Ben Allen has endorsed bitcoin nonprofit founder Dom Bei in his campaign for a seat on the board of the California Public Employees’ Retirement System (CalPERS).

CalPERS oversees a massive $500 billion pension fund serving over 2 million public sector retirees. If elected, Bei would be the first openly pro-bitcoin voice on the 13-member board.

Bei is a 16-year veteran firefighter who founded Proof of Workforce, a nonprofit providing bitcoin education to workers, unions and pension funds. He previously served on Santa Monica’s pension advisory board and played a key role in the city’s firefighters union, becoming one of the first to hold bitcoin.

I’ve…

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Founder: Max Kei (CEO)

Date Founded: March 2024

Location of Headquarters: Lugano, Switzerland

Website:

Public or Private? Private

Max Kei is a builder in the Bitcoin P2P space as well as a seasoned banker, which makes him uniquely qualified to create Debifi, a noncustodial, bitcoin-backed P2P lending platform that primarily serves institutions.

Kei’s work in the Bitcoin space began in 2017, when he first contributing to Hodl Hodl, which quickly became a widely used noncustodial P2P trading platform.

In 2020, he helped the exchange launch Lend at Hodl Hodl, the first noncustodial P2P borrowing and lending product in the Bitcoin space.

The…

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21Shares AG one of the leading issuers of cryptocurrency exchange traded products announces a significant reduction in fees for its Bitcoin Ethereum Core ETP (ABBA) now listed on the Xetra exchange. Starting 12 March 2025 the management fee will be just 0.49% marking a new era of cost-effective crypto investment opportunities

The ABBA ETP provides efficient exposure to both Bitcoin and Ethereum and is fully backed by these cryptocurrencies. The fee cut to 0.49% positions ABBA as a compelling choice for investors seeking access to major digital assets through a regulated secure avenue

With its new listing on Xetra 21Shares ensures greater liquidity and transparency making ABBA more accessible to European investors. Mandy Chiu Head of Financial Product Development at 21Shares highlights this initiative as a step forward in democratizing Bitcoin and Ethereum investments through trusted cost-effective solutions.

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