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Moon Inc. (HKEX: 1723) has raised about US$8.8 million to launch a Bitcoin prepaid card in Thailand and South Korea, with plans to expand across Asia. The company, a leader in prepaid connectivity and digital asset solutions, confirmed the successful HK$65.5 million fundraising earlier today. The round was supported by a consortium of Bitcoin miners and investors through the issuance of new shares and convertible notes, according to a note shared with Bitcoin Magazine. “The successful completion of this private placement marks another critical milestone in Moon Inc.’s growth, and we are grateful for the confidence our new and existing…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In Asien dürfen Firmen kaum noch Bitcoin als Teil ihrer Finanzen nutzen. Die Börsen in Hongkong, Indien und Australien lehnen solche Pläne ab. Experten warnen, dass Firmen sonst zu riskanten Bitcoin-Wetten werden könnten. Immer mehr Firmen träumen davon, Bitcoin in ihre Kasse aufzunehmen – also Geldreserven in die digitale Währung zu stecken. In den USA ist das schon fast Mode. Doch in Asien sieht das anders aus. Dort sagen die Behörden: Stopp! In Hongkong, Indien und Australien dürfen Unternehmen derzeit keine größeren Bitcoin-Bestände anlegen. Der Grund: zu…
Bitcoin price is hovering in the mid $107,000’s range as analysts from both VanEck and Standard Chartered see more upside. Geoffrey Kendrick, Standard Chartered’s global head of digital assets research, sees a near-term dip in bitcoin price below $100,000 as “inevitable” due to factors like renewed U.S.–China trade tensions. However, Kenrick views any bitcoin price pullback as likely short-lived and a buying opportunity. Kendrick highlights gold-to-Bitcoin flows as a key indicator, noting that recent rotations — selling gold to buy Bitcoin — could signal stabilization and mark a bottom. Despite the volatility, Kendrick remains bullish, maintaining his forecast of $200,000…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On Wednesday, several crypto industry CEOs participated in a roundtable discussion with Senate Democrats. The discussion focused on the Market Structure bill and the Democratic Party’s request for specific provisions in the GENIUS Act, which has already been signed into law by President Trump. However, sources cited by market experts indicate that tensions escalated during the meeting, leading to a heated exchange between one senator and the crypto executives. Tensions Flare Between Senator Gallego And Crypto CEOs According to crypto reporter Eleanor Terret, the meeting began with…
Senate Democrats called on Steve Witkoff, President Donald Trump’s special envoy to the Middle East, to provide more details about his personal crypto holdings, raising questions about potential conflicts of interest. Led by Sen. Adam Schiff (D—Calif.), eight senators requested that Witkoff explain why his latest ethics disclosure showed ongoing stakes in a Trump-linked cryptocurrency and other crypto-related business entities. “Your failure to divest your ownership in these assets raises serious questions about your compliance with federal ethics laws and, more importantly, ability to serve the American people over your own financial interests,” the senators wrote in the letter. Zach…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Despite the ongoing wave of bearish price action for Cardano (ADA), the token appears to be attracting a notable amount of adoption and attention. Large capital is currently being moved in the leading network and altcoin, particularly from institutional players. Are Institutions Betting Big On Cardano? Lately, Cardano is experiencing a fresh influx of capital as the market continues to fluctuate. These massive capital inflows, which are coming from institutional investors, mark one of the most crucial turning points in its market dynamics and trajectory. Specifically, the…
One month ago, Harshvardhan (“Hash”), an alumni of the MIT Bitcoin Club and an organizer for the MIT Freedom Tech Expo, told me in an interview about how a friend of his who is a social worker in Nepal and who was on the ground during the recent protests in the country doesn’t like Bitcoin. “There’s a lot of people with left-leaning ideology who still think bitcoin is a capitalistic tool, and they’re not very comfortable with it yet,” explained Hash. I’ve been thinking a lot about this point he made since we spoke. As someone who was formerly more…