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Yellow Card’s African Push: Coinbase-Backed Platform Wins South African License

Coinbase backed Yellow Card, a leading African crypto platform, has secured a crypto asset service provider (CASP) license from the Financial Sector Conduct Authority (FSCA) in South Africa. The license allows Yellow Card, which is also licensed in Botswana, to expand its operations and cater to the growing demand for stablecoin-based services. This latest milestone […] from Bitcoin News https://ift.tt/PRgB5w1
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‘Cowardly Path’ Leads to Redemption: Former FTX Exec Gary Wang Skates on Prison Sentence

Inner City Press reports that the former FTX executive Gary Wang, who admitted to creating the code enabling Sam Bankman-Fried to misappropriate $8 billion from the now-bankrupt cryptocurrency exchange, has avoided prison. Crypto Whistleblower or Accomplice? FTX’s Gary Wang Avoids Prison Reuters further reports that U.S. District Judge Lewis Kaplan in Manhattan acknowledged Gary Wang’s […] from Bitcoin News https://ift.tt/Fkc7X5g
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Acurx Pharmaceuticals Allocates $1 Million to Bitcoin as Reserve Asset, Shares Slide 26%

Acurx Pharmaceuticals Inc. has decided to take a bold financial step, pledging up to $1 million toward bitcoin (BTC) as a treasury reserve asset. This move signals a pivot in financial strategy for the late-stage biopharmaceutical company. Biopharma Firm Acurx Adopts Bitcoin for Treasury Strategy The board of directors at Acurx Pharmaceuticals (NASDAQ: ACXP) greenlit […] from Bitcoin News https://ift.tt/CYq1GeQ
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Hedge Funds Double Down on Bitcoin ETF Holdings

Bitcoin exchange-traded funds (ETFs) remain preferred choice of investment for institutional investors seeking exposure to bitcoin. Hedge Funds Keep Diversifying Portfolio With Bitcoin The recent 13F Securities Exchange Commission (SEC) filing for end of Q3 revealed that hedge funds such as Millennium Management, Capula Management, and Tudor Investment boosted their exposure to U.S. spot bitcoin […] from Bitcoin News https://ift.tt/axEPwl0
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Paxos to Acquire Membrane Finance in Strategic Move to Make USD-Backed Stablecoins MiCA Compliant

This strategic move is aimed at accelerating Paxos’ commitment to compliant financial products and success of its stablecoins. USD-Backed Stablecoins in Europe Paxos, a regulated financial institution and provider of tokenized products has announced an agreement in principle to acquire Membrane Finance, a blockchain infrastructure company, subject to regulatory approval. With this acquisition, Paxos is […] from Bitcoin News https://ift.tt/YF0GcTs
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Bitcoin Reaches $93,975, Setting a New All-Time High

Bitcoin (BTC) shattered records on Tuesday, reaching an eye-popping $93,975—a new all-time high. Bitcoin Rallies to $93,975, Liquidating $44.4M in Shorts The top cryptocurrency gained 3.3% against the U.S. dollar in the past day and climbed 7.5% this week. With a towering market cap of $1.86 trillion, bitcoin continues to command attention in the ever-evolving […] from Bitcoin News https://ift.tt/NXgFKdc
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Semler Scientific Reports Half-Year BTC Yield of 37.3%, Acquires Additional 215 Bitcoin

Semler Scientific has reported a significant 37.3% bitcoin yield since implementation of its bitcoin treasury strategy. Bitcoin Strategy Yielding Gains for Semler Scientific Semler Scientific has announced an impressive half-year bitcoin (BTC) yield of 37.3%. According to an announcement on Monday, Semler achieved this yield between July 1 to Nov. 15 2024. Earlier in Q2 […] from Bitcoin News https://ift.tt/V9PYZhr
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