Steven Walgenbach

Gold surged to a record high as Bitcoin plunged, damaging the crypto’s safe-haven credentials amid market jitters over US regional banks. Gold is trading up 0.56% in the past 24 hours at $4,315.21 as of 7:50 a.m. EST, a fraction below the all-time high of $4,379.93 it set earlier in the day. Bitcoin, by comparison, […]

Changpeng Zhao’s YZi Labs has led a $50 million seed funding round for Better Payment Network (BPN), a startup building stablecoin-based cross-border payment rails. The venture capital firm, formerly known as Binance Labs and the manager of Binance co-founder CZ’s wealth, said the investment aligns with its strategy to back next-generation financial infrastructure. ”I believe […]

Australia’s Minister for Home Affairs Tony Burke has unveiled new “powers” to crack down on crypto ATMs, calling them “high-risk” products linked to money laundering, scams, and child exploitation. While addressing the National Club in Canberra today, Burke said that Australia’s financial crimes watchdog, AUSTRAC, has found that 85% of funds from top crypto ATM […]

Bitwise Chief Investment Officer (CIO) Matt Hougan has dismissed the recent crypto market flash crash as a temporary blip. “Over time, I expect the market will catch its breath and renew its attention on crypto’s fundamentals,” Hougan said in a memo to investors. “When that happens, I think the bull market will continue apace.” The […]

Coinbase has extended its investment in Indian crypto exchange CoinDCX, boosting its valuation to $2.45 billion and supporting its expansion in India and the UAE. The funding, an extension of Coinbase Ventures’ prior backing, will fund regional growth, product innovation, and broader web3 offerings, a CoinDCX statement said. “This fresh capital helps us accelerate our […]