Latest news with #BinanceCoin
Time of India
3 days ago
- Business
- Time of India
Cryptocurrency Live News & Updates : Strategy's Bitcoin Holdings Exceed $71 Billion
20 Jul 2025 | 11:45:13 PM IST Michael Saylor, co-founder of Strategy, announced a new Bitcoin acquisition, bringing the company's total holdings to over $71 billion after purchasing 4,225 BTC for $472.5 million. In a significant market development, Strategy has surpassed $71 billion in Bitcoin holdings, with a recent acquisition of 4,225 BTC. This surge is part of a broader trend where Bitcoin treasury companies are driving demand alongside institutional investors and ETFs. Meanwhile, Bit Origin is making headlines with plans to establish a $500 million Dogecoin treasury, inspired by the potential integration of DOGE into Elon Musk's upcoming payment tool. Despite its past struggles, Bit Origin's stock has seen a recent uptick due to this announcement. In the trading arena, Binance Coin (BNB) is experiencing a surge, recently hitting $765, driven by robust DEX volumes and stablecoin activity. Ethereum has also crossed the $3,800 mark, reflecting a 6.79% increase in 24 hours. As the cryptocurrency market continues to evolve, these developments highlight the increasing integration of digital assets into traditional finance and the ongoing interest in both established and emerging cryptocurrencies. Show more
CNBC
07-07-2025
- Business
- CNBC
Forget altcoins. These stocks are the best way to play the crypto space in the second half, Wolfe says
Turn to crypto-related stocks for gains as the long-awaited altcoin rally shows no sign of hope, according to Wolfe Research. Seasoned crypto investors have become used to a shift in market sentiment that usually follows new bitcoin all-time highs: Capital flows out of the flagship coin and into smaller, higher-risk cryptocurrencies known as altcoins. There have been two runups to new bitcoin records this year, but "alt season," or altcoin season as the trend has become known, has not followed and isn't likely to this year, Wolfe found. "It has been our call for months that investors should stick to bitcoin until we see life return to altcoins. That life has yet to come," Wolfe analyst Read Harvey said in a Wednesday note. "The median coin out of those we track is down 32% YTD. It's a far cry from what we have seen from equities, which currently trade at new highs." Ether , dogecoin , Solana's SOL token and Cardano's ADA are all down double-digits for the year. Binance Coin is down 6%, while XRP is bucking the trend with an 11% gain. "The lack of participation from cryptos is honestly one of the more confounding developments this year," Harvey added. "There has been a complete lack of desire to own speculative altcoins even as the market rallied to new highs and rates have come in." Meanwhile, crypto stocks have outperformed bitcoin since the S & P 500 reached its closing low on April 8 – a trend that has "plenty more room to run" alongside broader market movements, Ginsberg said. The Bitwise Crypto Industry Innovators ETF (BITQ) is up 76% since the market's April low, while bitcoin has advanced 38% in the same period. Bitcoin mining companies Cipher Mining , Terawulf , Riot Platforms and Mara Holdings have all either broken through their 200-day moving averages or are about to, and they will likely retest their November levels, Harvey said. "While the likes of dogecoin holders may be hurting, there's no sign of pain for those playing the space through stocks, which we continue to recommend sticking with," he said. —CNBC's Michael Bloom contributed reporting.
Finextra
01-07-2025
- Business
- Finextra
New Zealand Financial Markets Authority truns the spotlight on cryptocurrencies
Cryptocurrencies have become increasingly popular over the past decade – with some proponents believing they have the potential to revolutionise the world's financial system. 0 Crypto can be appealing to a lot of people, but what are some of the things to consider before investing? It's a high risk, speculative investment and prices can go up and down very quickly. You should be prepared to lose all your money invested. The biggest cryptocurrencies (by market capitalisation) currently are: Bitcoin (BTC) Ethereum (ETH) Tether (USDT) Ripple (XRP) Binance Coin (BNB) Bitcoin, the original cryptocurrency is by far the most dominant, with the total value of bitcoins circulating now measured in the trillions of dollars. But there is generally no underlying physical asset that determines the value of a cryptocurrency. This means that its value is largely driven by speculation and what people will pay for it. Cryptocurrencies are a type of asset that exists in digital form and can be managed, stored or transferred typically using a distributed ledger (such as a blockchain). Encryption technology is used to control the amount of currency issued and to record ownership and payments. Because it is decentralised by nature, there's no control by a single entity such as a government, bank or financial institution - there are no restrictions on who can issue them. For some, cryptocurrencies are attractive because they give access to financial services without the need to rely on traditional financial institutions such as banks. Crypto also offers the possibility of faster transactions and lower fees compared to conventional financial transactions. Many are attracted to crypto investing by the possibility of high returns as they increase in value. Early adopters of cryptocurrencies like Bitcoin have witnessed substantial gains, drawing more investors to explore such digital assets. So while using crypto to pay for everyday goods and services is still limited, cryptocurrencies are gaining acceptance as investments and payment options by financial institutions and businesses. Crypto isn't specifically regulated here in New Zealand, and international laws and regulations vary widely from country to country. While there are some basic consumer protections when you put your money into most other financial products - this may not be the case for crypto investments. Crypto investing tips If you want to buy, sell or trade cryptocurrencies, use platforms or other service providers that are registered on New Zealand's Financial Service Providers Register (FSPR). Dealing with an entity registered on the FSPR will, in most cases, gives you access to an independent Dispute Resolution Scheme (DRS) where you can take complaints if something goes wrong. These entities may also be required to comply with our anti-money laundering and counter terrorism financing laws. Be careful with investments that are promoted on social media by influencers or celebrities - they are often paid to promote high risk investments and may not have credentials to discuss such investments. Many advertisements or news stories featuring celebrities are fake and used to direct people to scam websites. Criminals may exploit the popularity of cryptocurrencies to promote scam investments. Funds lost in crypto scams are often not recovered. The FMA's warning and alerts page has details of some of the latest scams. Before you invest in cryptocurrencies, do some research to understand the investment, the risks associated with it, your financial objectives and your risk tolerance. If you don't understand an investment, it's best to walk away. Understanding the risks Many of the big overseas crypto exchanges are unregulated and they operate exclusively online, with no connection to New Zealand. This makes it hard to find out exactly who is offering, exchanging, buying or selling crypto. It can also make it difficult for you to contact the exchange or make a complaint and it is unlikely you will get your money back if things go wrong. Crypto and scams Around a quarter of the warnings published last year by the FMA had a link to crypto. Scammers like using crypto as the transactions move fast and are irreversible, making it harder to trace. It also allows them to hide their identities and activities. The most common crypto scams are related to fake online crypto investment platforms. These online platforms offer different types of investments in crypto and returns that are often unrealistically high. Once someone invests with the platform, they are shown a fake dashboard with the 'profits' they earned, but these are fake. These fake profits are usually shown to encourage an investor to put in even bigger sums of money. When the investor then wants to withdraw funds, they are asked to first pay advance fees to cover taxes or commission. Even when these fees are paid, the investor cannot withdraw their funds. Investors used to come across these fake online crypto investment platforms by searching online for investment opportunities, but it is now common to be introduced to these platforms via social media. This could come from simply clicking on an advertisement, or being invited to invest after meeting a friend or potential love interest online. So although cryptocurrencies haven't yet fully transformed the global financial system, they remain a popular investment option for many New Zealand investors. And opting for a platform that is registered here in New Zealand is one great way to improve the security of these investments.
Arabian Post
30-06-2025
- Business
- Arabian Post
Bhutan unveils nation‑wide crypto payment system for tourists
Bhutan has become the first country to integrate cryptocurrency payments across its entire tourism infrastructure, enabling visitors to use Binance Pay for everything from booking flights and paying visa fees to purchasing local goods in rural areas. The system, implemented in partnership with Binance Pay and fully digital DK Bank, supports over 100 cryptocurrencies—including Bitcoin, Binance Coin and USD Coin —and is accepted at more than 100 merchants nationwide. Tourists can complete transactions via static or dynamic QR codes, with DK Bank instantly converting crypto payments into Bhutanese ngultrum, avoiding volatility for merchants and eliminating traditional card fees. Real‑time confirmations, two‑factor authentication, encryption, and zero gas fees ensure a secure and efficient experience. Department of Tourism director Damcho Rinzin emphasised that the solution 'empowers even small vendors in remote villages to participate in the tourism economy'. The initiative aligns with Bhutan's broader strategy of embedding digital assets into its economy, which already includes green Bitcoin mining powered by hydropower. With a cryptocurrency reserve worth over US$600 million and bitcoin holdings exceeding 12,000 BTC, Bhutan aims to leverage its carbon‑neutral energy for economic diversification and sustainable growth. ADVERTISEMENT Binance CEO Richard Teng described the partnership as 'setting a precedent for how technology can bridge cultures and economies', reflecting a vision that blends tradition and digital innovation. The kingdom's emphasis on Gross National Happiness underpins this move: by making tourism more accessible and inclusive, Bhutan hopes to reinforce community wellbeing and economic opportunity across all regions. Bhutan's payments infrastructure ties into existing efforts to tackle youth unemployment—estimated at between 16.5 % and 19 %—and brain drain by cultivating jobs in blockchain, AI, and fintech. Since 2019, the sovereign wealth fund Druk Holding and Investments Ltd. has mined cryptocurrencies using surplus hydropower, channelled gains into public salaries, and fostered youth training to build a future-proof economy. Initial adoption has drawn participation from boutique hotels, tour operators, and rural artisans. By enabling markets in Thimphu and remote mountain villages to accept digital payments without traditional banking hardware, the system extends financial inclusion where it has been limited. Analysts note that reducing transaction friction and foreign‑exchange costs is likely to enhance Bhutan's appeal to digital‑savvy travellers and boost tourism revenues. Bhutan's model emerges amid a global rise in crypto‑enabled travel. Nations such as Thailand and El Salvador have piloted tourism payments, but Bhutan's national‑level implementation is unprecedented. The country also plans major future investments, including expanding hydropower from 3.5 GW to an estimated 15 GW over the next decade and exploring smart‑city projects like Gelephu Mindfulness City to further embed digital and green infrastructure. Challenges remain. Regulatory clarity for cryptocurrencies in Bhutan is still evolving, and full infrastructure rollout in remote areas will test logistics and connectivity. Moreover, sustainability will depend on maintaining the balance between technological advancement and the country's core value of environmental stewardship.
Yahoo
26-06-2025
- Business
- Yahoo
Baanx Adds BNB Support on Its Crypto Card for UK, EU, LATAM
Baanx, a cryptocurrency payment card firm working with the likes of Mastercard, Visa and Circle, has announced its support for BNB, the blockchain utility token originally linked to Binance, the world's largest crypto exchange. Users of Baanx's 'Crypto Life Card' can top up with BNB, expanding the real world use of the BNB Chain beyond crypto trading and decentralized finance (DeFi) to where the token can be spent at over 100 million Mastercard and Visa merchants worldwide, according to a press release. Baanx said BNB support is rolling out across the UK, EU, and LATAM markets in June, with U.S. access planned for a future release. 'We're building bridges between digital and traditional finance, not with empty promises, but with real products people can use,' said Simon Jones, Chief Commercial Officer at Baanx in a statement. BNB BNB, the native token of the BNB chain, was originally called Binance Coin when it was launched in 2017 and used to pay fees on the Binance trading platform. Today, BNB is one of the largest crypto tokens with a market cap of around $90 billion. Earlier this month, Bloomberg reported that a hedge fund was planning to invest $100 million in BNB, emulating the bitcoin treasury blueprint pioneered by Michael Saylor's Strategy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
