Quick Summary: X has appointed crypto-native product designer Benji Taylor as head of design as the platform prepares to expand its X Money payments product next month. Elon Musk’s social platform X has appointed Benji Taylor as its new head of design, a hire that comes as the company readies a broader rollout of its integrated payments product, X Money. Taylor announced the appointment on X on Wednesday, describing himself as honoured to join the company. He said he looks forward to working closely with Musk and X’s head of product, Nikita Bier.Bier welcomed the appointment publicly, stating he had…
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Quick Summary: Coinbase and Better have introduced a mortgage allowing borrowers to use bitcoin or USDC as collateral for a home down payment without selling their assets. Coinbase and mortgage lender Better have introduced a new home financing product that allows borrowers to use cryptocurrency as collateral for a down payment. The arrangement lets buyers pledge bitcoin or USDC without liquidating their holdings. This structure means borrowers can avoid triggering a taxable event that would otherwise occur if they sold their digital assets outright.The product is designed to appeal to everyday homebuyers who hold significant crypto assets but do not…
Quick Summary: Brazil’s new law lets authorities use confiscated cryptocurrency to finance police equipment and training, while expanding judicial powers over digital assets. A newly enacted Brazilian law permits authorities to direct cryptocurrency confiscated from criminal organizations toward public security initiatives. Eligible uses include the purchase of police equipment and the funding of law enforcement training programs. The legislation represents a significant shift in how the country manages digitally seized assets.Under the law, authorities may provisionally utilize seized cryptoassets before a case is fully resolved, provided a judge grants approval. This measure expands the existing judicial framework, giving courts broader…
Quick Summary: Bitcoin falls 3% to $69,522 as reports of U.S. military preparations against Iran raise fears of escalation and increased market uncertainty. Bitcoin has dropped back below $70,000 on Thursday morning following reports that the Pentagon is developing military options against Iran, including the potential use of ground forces and a large-scale bombing campaign. The cryptocurrency is trading at $69,522, representing a 3% decline over the past 24 hours, according to CoinGecko data. The development comes as a five-day pause on strikes against Iran ordered by President Donald Trump is set to expire on Friday. News outlet Axios reported…
Quick Summary: Cross-border payment provider Tazapay has raised a total of $36 million after closing a Series B extension led by Circle Ventures. Tazapay, a cross-border payment infrastructure provider, has announced the close of an extension to its Series B funding round, bringing its total capital raised to $36 million. The extension was led by Circle Ventures and included participation from Coinbase Ventures, CMT Digital, Peak XV Partners, and Ripple. The company made the announcement on Thursday, though it did not disclose the specific size of the extension tranche or its current valuation.Tazapay says the fresh capital will be directed…
Quick Summary: Bitcoin fell below $70,000 as oil topped $100 and risk aversion spread across crypto markets, with futures open interest dropping 3.5% to $108 billion. Cryptocurrency markets came under broad pressure as Bitcoin broke below the $70,000 level, with the move coinciding with a return of risk-off sentiment across global financial markets. Oil climbed back above $100 per barrel, while equities and gold both weakened, signaling that investors were pulling back from riskier assets. The combination of macro headwinds weighed on both major cryptocurrencies and smaller altcoins.In derivatives markets, futures open interest declined 3.5% to $108 billion, reflecting a…
Quick Summary: A federal judge has allowed investors to collectively sue Nvidia and CEO Jensen Huang over alleged misrepresentations about crypto mining revenue during 2017–2018. A federal judge in California has certified an investor class in a securities lawsuit targeting Nvidia and its chief executive, Jensen Huang, over claims that the company misled shareholders about the true source of its gaming revenue during the cryptocurrency mining boom of 2017 and 2018. US District Judge Haywood S. Gilliam Jr. issued the ruling on March 25, allowing investors to pursue their claims collectively. The judge emphasized that class certification is a procedural…
Quick Summary: Bitcoin has been trading sideways for nearly 50 days, with analysts dismissing bear flag fears due to strong support between $50,000 and $70,000. Bitcoin has remained locked in an indecisive trading range for close to 50 days, with prices moving back and forth without a clear directional trend. The prolonged period of sideways movement has drawn attention from market observers attempting to interpret what the pattern signals for the cryptocurrency’s near-term outlook. While uncertainty persists, analysts are weighing in on whether the current price action represents a genuine threat to the broader market.Some market participants have begun describing…
Quick Summary: CoinShares reports that 15–20% of the global Bitcoin mining fleet is unprofitable as hashprice hits a post-halving low of $28 per PH/s/day. CoinShares, an asset management firm, has released its Bitcoin mining report for the first quarter of 2026, warning that mining economics have tightened to a degree that is pushing a significant share of the global mining fleet into unprofitable territory. The report identifies hashprice — a key measure of miner revenue — as having dropped to approximately $28 per petahash per second per day in February 2026. This represents a new post-halving low and has compressed…
Quick Summary: Strategy now holds 76% of all corporate-owned bitcoin after acquiring roughly 45,000 BTC last month while all other treasury firms combined bought only 1,000 BTC. Strategy has emerged as the overwhelmingly dominant force in corporate bitcoin accumulation, purchasing approximately 45,000 BTC over the past month while all other treasury companies combined acquired only around 1,000 BTC during the same period. This stark disparity has effectively concentrated corporate bitcoin ownership within a single firm. The trend raises questions about the original premise that institutional treasury buying would broaden ownership of the asset across multiple companies.Strategy currently controls roughly 76%…
