Crypto News

As bitcoin soars people ask who is Giancarlo Devasini, Italy's richest man? As bitcoin soars people ask who is Giancarlo Devasini, Italy's richest man? One of the earliest traces of Devasini's entry into the Bitcoin world dates back to 2012, when he appeared on a Bitcoin forum offering to sell CDs and DVDs for bitcoin. At the time, the cryptocurrency was worth a tiny fraction of its current value. Then came Bitfinex, the cryptocurrency exchange, and above all Tether. Tether began life as Realcoin in 2014 before being renamed later that year. Devasini, already closely involved with Bitfinex, went on to become a central figure at the stablecoin company. A few years later, Paolo Ardoino, a computer scientist from the Italian region...

UAE “Spy Sheikh” Behind Trump Crypto Bank: 49% Ownership, $500M and Questions MAGA Can’t Avoid UAE “Spy Sheikh” Behind Trump Crypto Bank: 49% Ownership, $500M and Questions MAGA Can’t Avoid Tahnoon has sometimes been referred to in coverage as the spy Sheikh. The Journal's reporting on this banking venture identifies his role as the UAE's national security adviser and describes the ownership stake, but does not connect the nickname to operational control of World Liberty Financial's planned bank. How USD1 Fits Into the Proposed Trump Crypto Bank SOURCE: CoinGecko USD1 is World Liberty Financial's dollar-backed stablecoin, launched last year. Under the OCC's preliminary conditional approval, the federally chartered national trust...

Is Bitcoin a 'Buy' Right Now? BlackRock Slashes ETF Swap Minimum 96% From $25M to $1M Is Bitcoin a 'Buy' Right Now? BlackRock Slashes ETF Swap Minimum 96% From $25M to $1M Bernstein analysts expect Bitcoin to reach approximately $125,000 by the end of 2026, set a new high of $150,000 by mid-2027, and hit a cycle peak of around $300,000 in 2029 under their base-case outlook. Under a bull-case scenario where accelerating currency debasement drives stronger institutional inflows, the firm projects that Bitcoin could surge to $200,000 by mid-2027 and $500,000 by 2029, while maintaining its long-term prediction of $1 million by the end of 2033. Alongside its updated crypto roadmap, Bernstein maintained its "Outperform" rating on...

Reform UK Seeks to Play Down Crypto, Show Off Diplomatic Clout Reform UK Seeks to Play Down Crypto, Show Off Diplomatic Clout Farage faces a parliamentary investigation into whether he should have declared £5 million ($6.8 million) that he received from Thailand-based crypto investor Christopher Harborne and could potentially face a recall petition over the matter, which would trigger another by-election. The Brexit architect quit his seat in Parliament and won it back this summer in an effort to forestall the probe and demonstrate his continued support from the public. The funding scandal, along with a raft of infighting between rival Reform camps, has complicated Farage's efforts to show that the party is ready to take power...

EOS Climbs 12% In Bullish Trade EOS was trading at $0.0865 by 05:41 (09:41 GMT) on the Investing.com Index on Saturday, up 12.34% on the day. It was the largest one-day percentage gain since August 29. The move upwards pushed EOS’s market cap up to $0.0000, or 0.00% of the total cryptocurrency market cap. At its highest, EOS’s market cap was $17.5290B. EOS had traded in a range of $0.0755 to $0.0865 in the previous twenty-four hours. Over the past seven days, EOS has seen a rise in value, as it gained 2.76%. The volume of EOS traded in the twenty-four hours to time of writing was $27.2537K or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $0.0723 to $0.0865 in the past 7 days. At its current price...

BIS chief says stablecoins are not a credible payment method Investing.com -- The Bank for International Settlements general manager said stablecoins do not function credibly as a payment method at scale, arguing that tokenized deposits present a stronger option for using this technology. Pablo Hernandez de Cos told the U.S. Federal Reserve's Jackson Hole Economic Policy Symposium in Wyoming that the two instruments could exist together. He said tokenized deposits should handle most daily payments while stablecoins serve more specialized purposes. Get instant alerts on market-moving headlines with InvestingPro — now 55% off. Stablecoins are crypto assets designed to maintain stable value. Their rising use has raised concerns about...

Morning Minute: Solana Jumps with Network Inflation Set to Drop Morning Minute: Solana Jumps with Network Inflation Set to Drop Overall, some big changes are coming to Solana on the supply side. And the demand side got a big piece of news when Charles Schwab said it plans to add SOL, AVAX, and LINK to Schwab Crypto, which puts SOL in front of tens of millions of brokerage accounts. So the setup going into September is a supply schedule the network just voted to tighten, a distribution channel about to get much wider, and treasury companies buying again for the first time in ten months. And it comes when Solana's leading apps (Pump.fun, Fomo) are seeing explosive growth. It's quite the bullish setup… 🌎 Macro Crypto and Markets...

240 Crypto Millionaires Booked Over Half of Britain's Taxable Crypto Gains 240 Crypto Millionaires Booked Over Half of Britain's Taxable Crypto Gains Out of all the crypto traders in the UK, a small fraction of crypto millionaires—just 240 individuals—were responsible for over half of the capital gains tax paid on cryptocurrency earnings. This was revealed in a March 2023 report by the British tax authorities. Rising Crypto Investments Cryptocurrency investments in the UK have seen substantial growth. An increasing number of individuals are diving into crypto investments, riding the wave of what they perceive as the next big financial revolution. A Closer Look at the Numbers Despite only a fraction of the population being...

Bitcoin Gains Regulatory Ground as Crypto Rules Remain Unsettled for CLARITY Act Market Implications of the CLARITY Act News Mitchnick attributed Bitcoin's rally while equities struggled last week to distinct risk-and-return drivers rather than to equity-beta behavior. He pointed to Bitcoin's own flows and the debasement trade, while citing investor concerns about global debt and deficits. He also said younger demographics were increasingly favoring Bitcoin over gold as a store of value. Spot Bitcoin ETFs recorded cumulative net inflows of $54.6Bn and total net assets of $98.6Bn, according to SoSoValue. In Mitchnick's framing, the CLARITY Act is less central to Bitcoin's current institutional case than it is to crypto...

Trump wants to bring an obscure crypto platform to the US. Wall Street will be watching. Trump wants to bring an obscure crypto platform to the US. Wall Street will be watching. Hyperliquid allows users to make 24/7 bets on the price of assets tied to stocks, gold, and oil, a feature that helped launch the three-year-old platform into the spotlight earlier this year as one of the only oil-trading hubs that was open over the weekend when the Iran war kicked off. It does so by allowing traders to borrow money to amplify their bets thanks to a controversial product known as perpetual futures, or perps. Hyperliquid users can turbocharge their wagers by as much as 40 times on certain assets. But such so-called leverage cuts both ways —...

Bitcoin and ethereum prices today, Thursday, August 27, 2026: Down from highs, but prices holding strong Bitcoin and ethereum prices today, Thursday, August 27, 2026: Down from highs, but prices holding strong Market Overview Bitcoin and Ethereum prices have taken a slight dip from their recent highs. However, they continue to hold strong, indicating stability in the market. Bitcoin is experiencing a minor correction but remains resilient with strong support levels. Ethereum, meanwhile, has shown similar patterns, maintaining its position in the crypto market. Analysts suggest this could be a period of consolidation before potential future gains. Both tokens continue to attract significant investor interest, amidst broader...

Same Election Question, Two Different Odds: Predictions.io Launches Free Cross-Venue Comparison Tools with free fee and odds calculators so traders can see what a price actually costs them. Prediction markets have never been bigger, or more contested. Kalshi, Polymarket and Polymarket US together posted a record $50.59 billion in combined volume in July, with Kalshi accounting for roughly 74.5% of the total. In the same month, New York City opened a probe into both leading venues, a Washington judge ordered Kalshi to halt most wagers in the state, and the CFTC began an internal review of so-called “mention markets.” Amid that scrutiny, a simpler question has gone largely unexamined: when two venues list the same question, do they...

Bitcoin steadies near $80k with Warsh speech in focus Investing.com-- Bitcoin rose on Friday, hovering near recent peaks as caution kicked in before a closely watched address by Federal Reserve Chair Kevin Warsh later in the day. The world’s largest crypto rose 1.3% to $79,882.3 by 02:12 ET (06:12 GMT), remaining in sight of a three-month high of over $81,000 hit earlier in the week. Get more insights on Bitcoin by subscribing to InvestingPro-- off 55% for a limited time Bitcoin was also set to add about 2% this week. The crypto rebounded sharply over the past week amid optimism over regulatory progress in the United States. U.S. Treasury intervention in the bond market also spurred flows into alternative assets like Bitcoin and...

3,283 US Banks Plan Their Own Blockchain Network Ahead of Sept. 15 CLARITY Act Vote 3,283 US Banks Plan Their Own Blockchain Network Ahead of Sept. 15 CLARITY Act Vote SWIFT Ledger Shows Banks Are Already Moving Onchain BankChain is also not developing in isolation. SWIFT launched its blockchain-based ledger in July with 17 banks across six continents, including Citi, HSBC, UBS, Wells Fargo and Standard Chartered. The system coordinates tokenized deposits held on participating banks' own infrastructure and supports transactions outside conventional banking hours. On Aug. 19, HSBC and Standard Chartered completed the first live cross-border tokenized deposit transaction using the ledger. UOB and HSBC followed with live Hong...

$6.4 Billion in Bitcoin Options Expire Tomorrow—Here's What It Means $6.4 Billion in Bitcoin Options Expire Tomorrow—Here's What It Means Hepworth flagged Bitcoin's 200-day moving average near $69,000 as the level worth watching if this week's pullback from the hot PCE print extends into Friday. Big expiries don't automatically move Bitcoin's price. A $15 billion expiry in June 2025 carried a max pain of $102,000 with implied volatility at its lowest since October 2023, and Bitcoin barely budged. December's $13.3 billion Deribit expiry saw a similarly muted reaction despite max pain sitting near $100,000 to $102,000. Friday's setup differs in where the pressure sits, not in how far max pain is from the spot price. Bitcoin is...

Tom Lee Backs Coinbase’s Bitcoin-Backed Mortgages — Here’s Why Critics Aren’t Convinced Tom Lee Backs Coinbase’s Bitcoin-Backed Mortgages — Here’s Why Critics Aren’t Convinced Ben Shen, the exchange's head of financial services and loyalty products, said the structure would make crypto "more useful and powerful in the real-world." Meanwhile, crypto media brand Coin Bureau also described the launch as "HUGE." Support has also come from early users. Better's first token-backed mortgage customer, identified as Joe, reportedly said the product enabled him to buy his first home without having to abandon a decade-long Bitcoin position. Coinbase has framed the launch as evidence that on-chain wealth can be used in the real economy...

Bitcoin ETFs Draw $2.8B in Eight-Day Streak as BTC Tests $80K Bitcoin ETFs Draw $2.8B in Eight-Day Streak as BTC Tests $80K Sun's test from here is whether prices can stall or dip slightly while inflows continue, which would show new capital absorbing the selling. Thursday's slip back below $80,000 offers an early read, though the day's flow figures are not yet in. Wundke set his own marker lower, saying a hold above $72,000 would "give investors confidence" that pullbacks are buying opportunities. This article has been published in decrypt.co via Yahoo News. https://finance.yahoo.com/markets/crypto/articles/bitcoin-etfs-draw-2-8b-103910593.html

AI gold rush draws crypto firms away from Bitcoin AI Gold Rush Draws Crypto Firms Away from Bitcoin Enegix says it is in active discussions with AI and HPC (high-performance computing) companies and planning to transform a "significant" portion of the business to AI. But refitting crypto mines for AI is expensive and in some cases, the companies have had to sell some of their Bitcoin holdings to fund the switch. Wolfie Zhao from The Energy Mag - a publication that rebranded from The Miner Mag to reflect the trend - predicts the industry pivot will continue even as the price of Bitcoin has risen in recent days. "We expect to see many public miners continue winding down their Bitcoin mining hardware in the coming quarters," he said...

Bank of England Handed New Legal Duty to Foster Stablecoin Innovation Bank of England Handed New Legal Duty to Foster Stablecoin Innovation The Bank of England has been tasked with a new legal mandate to support innovation in the stablecoin sector. This move is part of a broader effort to modernize the financial system by integrating digital currencies into mainstream finance. Stablecoins are a type of cryptocurrency that are typically pegged to a stable asset, like a fiat currency, to reduce volatility. This gives them the potential to be used more widely for transactions, much like traditional money. The new mandate for the Bank of England comes amidst a global race to harness digital currencies while addressing associated risks...

YZi Labs Backs TermMax to Advance On-Chain Bond Market Infrastructure Singapore, Singapore, August 27th, 2026, Chainwire TermMax, a fixed-rate lending protocol built by Term Structure Labs, announced on August 26 that it has received a strategic investment from YZi Labs. Terms were not disclosed. TermMax was selected for YZi Labs’ EASY Residency Season 3 and has raised more than $8 million to date. Its earlier backers include Cumberland DRW — which led the 2023 seed round — HashKey Capital, Decima Fund, Longling Capital and MZ Web3 Fund. The protocol has been live on mainnet since April 2025 and now runs across 10 EVM-compatible chains, with 60 fixed-rate markets, 40 strategy vaults, tens of millions of dollars in total value...