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In brief Brazilian Bitcoin treasury OranjeBTC started trading publicly on October 7. The company owns 3,708 BTC, worth $408.3 million. But it has already halted buying Bitcoin, and is instead buying back its own shares. Brazil’s biggest Bitcoin treasury OranjeBTC has halted purchasing BTC and instead has bought back its own shares, the publicly traded company announced Thursday, just three weeks after going public. OranjeBTC said that it would weigh its options going forward. Companies may buy back their shares as a way to increase the value of their stock by taking it off the market and reducing its supply.The move…
Steak n Shake just made fast-food and Bitcoin history. On white paper day, the 91-year-old American fast-food chain announced the creation of a Strategic Bitcoin Reserve (SBR), staking its claim (excuse the pun) as the first major U.S. restaurant chain to funnel all BTC payments straight into a corporate Bitcoin treasury.How Steak n Shake became Bitcoin’s fast-food friendThis news isn’t coming out of nowhere. Steak n Shake made waves back in May when it started accepting Bitcoin payments at hundreds of locations across the U.S. and Europe. It was a move that not only cut payment processing costs by half…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Custodia Bank, the popular crypto bank founded by Caitlin Long, has suffered another court setback in its fight for a Federal Reserve master account. Notably, the Wyoming-based institution failed to secure a favorable appeal ruling after an initial court rejection in March 2024. Appeals Court Upholds Fed Decision In Custodia Case In 2020, Custodia Bank filed an application with the Federal Reserve Bank of Kansas City (FRBKC) seeking a master account, which would grant the crypto-focused institution direct access to the Federal Reserve’s payment system, allowing it…
In brief Tether reported $10 billion in profit for the first three quarters of 2025—surpassing Bank of America, and nearing Goldman Sachs and Morgan Stanley’s earnings. The company’s profits stem largely from returns on $135 billion in U.S. Treasuries backing its USDT reserves. Headquartered in El Salvador, Tether plans to launch a U.S.-compliant stablecoin, USAT, by year’s end. Tether reported a massive profit of $10 billion for the first three quarters of 2025 Friday, putting the world’s top stablecoin issuer in the same league as Wall Street titans. Tether’s performance so far this year rivals that of the most profitable banks…
Prince Andrew Hosted Crypto Businessmen at Buckingham Palace in £1.4M Deal: BBC Source link
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Popular lawyer Bill Morgan has revealed another company that is holding a significant amount of XRP on its balance sheet. This follows the emergence of Evernorth, another treasury company that has accumulated over $1 billion worth of the token. Another XRP Treasury Company Emerges With Significant Holdings In an X post, Morgan drew attention to an SEC filing from Virtu Financial that showed it holds XRP on its balance sheet. The company, which boasts a market cap of just over $5 billion, holds 22 million XRP worth just…
Ray Dalio has always loved a good macro plot, but this time he kept it strictly metal. Last week on X, the founder of Bridgewater Associates, argued that gold isn’t just a shiny relic; it’s the single safest form of money, with a track record that leaves modern fiat in the dust.His reasoning? Gold has weathered thousands of years and every currency experiment, from hard-asset backing to the era of infinite-print fiat. All other monies come and go; gold just watches the parade (and sometimes cashes in while the confetti settles).What Ray Dalio really means by ‘safest money’Ray Dalio’s take…
In brief The European Central Bank is looking to pilot its digital euro in mid-2027 ahead of a Europe-wide roll out in 2029. It comes after the European Council told the ECB and other participants to “accelerate” the development of the CBDC, to release it as soon as possible. Crypto enthusiasts remain wary of CBDCs, citing concerns over privacy, centralization, and the potential for central banks to freeze funds. The European Central Bank has been told to “accelerate” the process of developing the digital euro—a central bank digital currency, or CBDC—by the European Council. If the European Parliament passes the…
Best-Performing SIP Investment Apps in India Source link
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin reached a milestone this week as the nine-page whitepaper that launched it passed its 17th anniversary. The document titled “Bitcoin: A Peer-to-Peer Electronic Cash System” was first posted on October 31, 2008. Bitcoin Hits Its 17th Year The network itself went live when the genesis block was mined on January 3, 2009. That first block carried a headline embedded in its code that referenced a major banking bailout story, a move that many say set the tone for the crypto’s original message. The market has changed…