Bank of America’s CEO Brian Moynihan expressed readiness to integrate cryptocurrencies into the banking sector’s payment systems during a CNBC interview at the World Economic Forum in Davos. He highlighted that the adaptation hinges on regulatory approval.

Moynihan pointed out that American banks are equipped to adopt crypto transactions once regulations are set clarifying the digital currencies as legitimate for business use. Despite the industry’s hesitation about crypto in retail transactions the major banks have engaged in bitcoin ETFs and other institutional crypto dealings.

Addressing cryptocurrency’s potential beyond investment Moynihan added that it could become a common payment option alongside Visa and Apple Pay. The bank is well-prepared for such developments with hundreds of blockchain patents and is waiting for the regulatory green light to proceed.

CNBC

Major strides in cryptocurrency regulation have emerged from Kenya as the government announces a new Virtual Asset Service Providers Bill 2025. The legislation mandates all crypto companies to maintain a registered office within the country and appoint CEOs or directors approved by the Capital Markets Authority. This move is poised to enhance oversight and increase transparency in the crypto trade.

Crypto trading platforms like Binance and Coinbase will need to have a management board with at least two directors ensuring that no director serves on multiple boards simultaneously. The government aims to vet all senior figures in these companies ensuring they uphold high standards of integrity and qualifications related to virtual assets.

With this new bill Kenya stands at the forefront of cryptocurrency innovation fostering a safe environment for digital currency exchanges. These regulations are designed to protect investors facilitate smoother transactions and support the growth of a robust crypto economy.

Bloomberg

Bitcoin reached new heights, hitting an all-time high of $109,114.88 just hours before Donald Trump’s inauguration as the 47th President of the United States.

However, the rally was not sustained. It briefly dipped to just below $100,000 before recovering to above $103,000. The rally is being driven by growing hopes in the Bitcoin community that Trump will be pro-Bitcoin and will create a good environment for digital assets.

This anticipation has been building since his election in November 2024 when bitcoin broke $100,000 for the first time in early December.

Bitcoin hit $109,036 on January 20 beating the previous record of $108,000 from December. As of now, bitcoin is…

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Utah has taken a bold step into the world of cryptocurrency with the introduction of a new bill by State Representative Jordan D. Teuscher. The Blockchain and Digital Innovation Amendments aim to grant the state treasurer the authority to invest public funds in digital assets including Bitcoin. This move positions Utah at the forefront of digital asset integration within state financial strategies.

The legislation outlines specific provisions to guide the investment process. It includes defining terms authorizing investments establishing requirements for asset management and creating regulatory frameworks for stablecoin investments. These measures ensure the state’s investments are secure and effectively managed reflecting a thoughtful approach to embracing technological advances.

The bill also paves the way for Utah to engage in staking and lending digital assets under certain conditions. By leveraging these opportunities Utah aims to generate additional revenue and establish itself as a leader in the digital finance space. This strategic approach may influence other states to consider similar measures as digital assets become increasingly mainstream.

Market analysts are buzzing as Rumble becomes the latest tech giant to adopt a Bitcoin treasury strategy with its initial purchase last Friday January 17. CEO Chris Pavlovski reveals this move follows a $20 million blueprint inspired by interactions with MicroStrategy’s Michael Saylor a known advocate for corporate cryptocurrency integration. Rumble’s bold step into Bitcoin aligns with its vision to optimize asset management against fluctuating market conditions.

Rumble’s strategic cryptocurrency foray signals a growing trend among public companies. Giants like MicroStrategy Semler Scientific Marathon Digital and Metaplanet are also enhancing their market positions through Bitcoin investments. This approach has sparked heightened investor interest as these companies begin to serve as practical proxies for Bitcoin investments enhancing their stock market allure.

Reflecting the bullish trend Rumble’s stock price surged nearly 4% closing at $12.90 on January 17. While this increase may also tie to the recent U.S. TikTok ban which positioned Rumble as a promising alternative the firm’s proactive crypto engagement plays a significant role in its escalating market valuation.