Articles for category: Crypto

September 17, 2025

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BitGo Extends MiCA License, Expands Crypto Trading Services in Europe

BitGo, a prominent player in the digital asset sector known for managing over $100 billion in assets, has successfully secured an extension of its license from the Federal Financial Supervisory Authority of Germany (BaFin). This pivotal development empowers BitGo Europe, its local subsidiary, to roll out an array of crypto services to European investors. The updated authorization enables BitGo Europe to offer a comprehensive suite of services, including custody, staking, transfers, and now, importantly, trading. Institutional clients will also benefit from enhanced offerings, including an over-the-counter (OTC) trading desk and access to various liquidity venues. This extension marks a significant

September 17, 2025

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Nvidia Invests $683 Million in UK AI Infrastructure, Spun Off from Crypto Miner

Nvidia, a leading figure in global chip design, has reportedly disclosed a substantial $683 million investment in Nscale, an artificial intelligence infrastructure company that emerged as a subsidiary of the UK-based cryptocurrency miner, Arkon Energy, in 2024. This strategic move signifies Nvidia’s commitment to enhancing artificial intelligence capabilities in the UK. As per a report from Bloomberg, Nvidia’s CEO, Jensen Huang, emphasized that this investment will play a crucial role in bolstering the UK’s AI infrastructure. Nscale, which separated from Arkon in May 2024, aims to provide comprehensive AI cloud services to the European market. The timing of this investment

September 17, 2025

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Crypto Markets Decline Following Fed’s 0.25% Interest Rate Reduction

In a noticeable shift in sentiment, cryptocurrency markets took a dip on Wednesday afternoon after the Federal Reserve announced its first rate cut of the year, reducing interest rates by 25 basis points. This widely anticipated move brought along expectations of more reductions later in the year, yet it seemed to have a subdued impact on digital asset prices. Bitcoin (BTC) has been trading around $115,300, reflecting a decline of nearly 1% over the past 24 hours. Despite the rate cut announcement, Bitcoin’s price demonstrated relative stability, although it has faced fluctuations in recent sessions. Meanwhile, Ethereum (ETH) remained stable,

September 17, 2025

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Crypto Market Takes a Hit Following Fed’s Rate Cut Announcement

In a notable shift, the cryptocurrency market experienced a decline on Wednesday as Bitcoin dipped near the $115,000 range following the Federal Reserve’s announcement of a 25 basis point interest rate cut, marking the first such adjustment of the year. As of the afternoon trading session, Bitcoin (BTC) was priced around $115,300, reflecting a decrease of almost 1% over the previous 24 hours. Meanwhile, Ethereum (ETH) remained relatively stable, trading at approximately $4,450. Other major cryptocurrencies were also affected, with XRP and Solana (SOL) each falling by 1%, priced at $3.02 and $235, respectively. Binance Coin (BNB) held steady at

September 17, 2025

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Kraken Experiences Executive Turnover as IPO Plans Approach

In a noteworthy development within the cryptocurrency sector, Kraken, a prominent digital asset exchange, has witnessed the exit of several senior executives from its institutional division. This transition occurs as the company gears up for a potential public offering in the United States, expected to take place in early 2024. According to an insider familiar with the situation, four key figures have departed from Kraken’s institutional team. The list includes David Olsson, who served as the global head of institutional sales, and Shannon Kurtas, the head of exchanges along with her role as Vice President of Product and Pro Services.

September 17, 2025

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Kraken Faces Executive Turnover Ahead of Anticipated IPO

Kraken, the prominent cryptocurrency exchange gearing up for a possible public offering in the United States in early 2026, has experienced a notable shift in its leadership team, with four key executives departing from its institutional division. Sources familiar with the situation have confirmed this development, although Kraken has chosen not to comment publicly on the matter. The executives who have recently exited the firm include David Olsson, who served as the global head of institutional sales; Shannon Kurtas, who held the position of head of exchanges and was also a vice president of product and the Pro service; Jeff

September 17, 2025

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U.S. Lawmakers Engage with Crypto Leaders to Shape Bitcoin Reserve and Regulatory Framework

In a pivotal move for the cryptocurrency industry, several U.S. lawmakers convened with key industry executives on Tuesday to discuss the establishment of a strategic Bitcoin reserve and the ongoing development of a comprehensive market structure for digital assets. This roundtable was a significant part of legislative efforts aimed at advancing policies that could reshape the financial landscape concerning cryptocurrencies. The meeting featured notable figures, including Alaska Representative Nick Begich and Ohio Senator Bernie Moreno, who joined cryptocurrency advocates such as Michael Saylor, co-founder of Strategy. The event was organized by the Digital Chamber alongside its affiliates, the Digital Power

September 17, 2025

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US Lawmakers and Crypto Leaders Collaborate on Strategic Bitcoin Reserve and Market Regulations

In a pivotal meeting held this week, prominent members of the United States Congress convened with notable cryptocurrency executives to discuss key legislative measures aimed at establishing a strategic Bitcoin reserve and refining the overall market structure of the industry. The roundtable took place on Tuesday and featured a coalition of lawmakers, including Alaska Representative Nick Begich and Ohio Senator Bernie Moreno, as well as crypto industry leaders such as Michael Saylor, co-founder of Strategy. The gathering was organized by the Digital Chamber in association with its partners, the Digital Power Network and the Bitcoin Treasury Council. Discussions primarily centered

September 17, 2025

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Ethereum Foundation Launches dAI Team to Propel AI Agent Economy

The Ethereum Foundation has officially entered the artificial intelligence sector by establishing the “dAI Team,” with the objective of positioning Ethereum as the premier settlement and coordination layer for autonomous AI agents within the evolving machine economy. This initiative comes at a time when various blockchain networks, including NEAR Protocol and Solana, are also making strides to create foundational infrastructure that supports AI-driven innovations. On September 15, Davide Crapis, the lead for the dAI Team and a former researcher at the Foundation, announced the team’s dual focus. The first goal is to create tools that enable AI agents and bots

September 17, 2025

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Ethereum Foundation Launches dAI Team to Position Itself as a Leader in the AI Economy

The Ethereum Foundation is making significant strides into the artificial intelligence (AI) landscape with the inauguration of its dedicated dAI Team. This initiative aims to establish Ethereum as the essential settlement and coordination framework for autonomous AI agents and the broader machine economy. In a recent announcement, Davide Crapis, the lead of the dAI Team and a former researcher at the Ethereum Foundation, outlined the team’s dual focus. The first goal is to develop tools that empower AI agents to carry out transactions and adhere to regulations independently, thereby eliminating the need for intermediaries. The second aim is to create