What Does the NYDFS Approval Allow Strike to Do? Bitcoin payments company Strike has received both a BitLicense and a money transmitter license from the New York State Department of Financial Services, clearing the way for the firm to offer its services to residents and businesses in the state. The approvals authorize Strike, operated by
On March 5, 2026, the digital asset market reached a psychological turning point as social media mentions and general “buzz” surrounding altcoins plummeted to their lowest levels in over two years. Data from the crypto sentiment analysis platform Santiment indicates that the “Social Dominance” of alternative cryptocurrencies has fallen to a score of 33, a
On March 5, 2026, the global financial technology powerhouse Revolut officially submitted its application for a U.S. national bank charter to the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC). This landmark filing marks the beginning of the firm’s transition from a digital wallet and payment provider to
In a move that signals a “compliance-first” assault on the American market, the global crypto super-app Backpack officially announced on March 5, 2026, the appointment of Mark Wetjen as President of Backpack US. Wetjen, a former Commissioner and Acting Chairman of the U.S. Commodity Futures Trading Commission (CFTC), brings a legendary level of regulatory pedigree
On March 5, 2026, American Bitcoin Corp (Nasdaq: ABTC) reached a definitive milestone in its corporate accumulation strategy by officially pushing its total Bitcoin holdings to 6,500 BTC. This achievement follows a high-velocity accumulation phase where the firm added more than 500 BTC in a mere 21-day window, primarily driven by its industrial-scale mining operations
On March 5, 2026, the Internal Revenue Service (IRS) and the Department of the Treasury issued a significant proposal that could fundamentally change how crypto investors receive their tax documents. The proposed regulations (IR-2026-29) would permit digital asset brokers, such as Coinbase and Kraken, to provide Form 1099-DA statements exclusively through electronic delivery without first
On March 5, 2026, officials from the Russian Ministry of Finance announced they are accelerating work on a dedicated stablecoin bill designed to capitalize on what they describe as “colossal potential” for the national economy. Alexey Yakovlev, a senior official at the ministry, indicated that the government intends to tackle stablecoin regulation as soon as
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded net outflows on Thursday, interrupting a multi-day streak of strong institutional inflows earlier in the week and highlighting the short-term volatility in capital allocation toward digital assets. Data from ETF flow trackers showed that spot Bitcoin ETFs collectively experienced approximately $88 million to $90 million in net outflows
The U.S. Securities and Exchange Commission has reached a settlement with TRON founder Justin Sun, bringing an end to a legal dispute that has been closely followed across the cryptocurrency industry since 2023. The resolution concludes allegations that Sun and companies connected to the TRON ecosystem violated securities laws through the sale and promotion of
Bitcoin may be approaching a market bottom, according to VanEck chief executive Jan van Eck, who believes recent price action indicates the cryptocurrency could be entering the stabilization phase of its long-observed four-year cycle. Speaking in recent commentary on the state of the digital asset market, van Eck said Bitcoin appears to be “making a