Latest Business News, Market Insights & Global Economy Updates
Russia is moving closer to formally integrating crypto into its financial system, as officials acknowledge widespread adoption and the central bank prepares to let banks handle digital assets under tight controls. According to a report by TASS, Deputy Finance Minister Ivan Chebeskov said around 20 million Russians now use cryptocurrencies “for various purposes,” describing them…
U.S. banking titan Morgan Stanley’s Global Investment Committee (GIC) recommends an allocation of up to 4% of portfolios to cryptocurrency, according to an Oct. 1 note. The 4% allocation is at the top end of GIC’s recommendations, pertaining to investors seeking “opportunistic growth,” according to the note, shared on X by Bitwise CEO Hunter Horsley…
Samsung is teaming up with Coinbase to give 75 million Galaxy device owners in the U.S. access to the exchange’s priority trading service, making it the largest single consumer distribution Coinbase has executed, and Samsung Galaxy’s biggest crypto bet to date, the companies said. The Samsung Wallet will allow Galaxy owners access to the Coinbase…
Pig butchering, a form of romance fraud in which victims are groomed into sending money to fake crypto investment schemes, has grown into a multibillion-dollar industry, according to blockchain analytics firm Elliptic’s 2025 Typologies Report. The study points to increasingly organized methods of laundering stolen funds using practices that resemble professional financial operations. Elliptic’s investigators…
The Australian treasury revealed a new draft proposal for crypto firms in the country, requiring them to hold licenses and be treated as financial products. The proposal would require crypto firms to hold financial service licenses, effectively bringing them under the wing of the country’s securities regulator, Australian Securities and Investments Commission (ASIC). Digital asset…
The Bank of Japan (BOJ) spooked markets Friday by announcing it will begin unwinding its $250 billion in exchange traded funds (ETFs) and Japanese Real Estate Investment Trusts (JREITs), assets it accumulated since 2010 as part of its ultra-loose monetary policy. Under the plan, the central bank will sell ETFs with a book value of…
By Omkar Godbole (All times ET unless indicated otherwise) The SEC, as market regulator, now couldn’t be more pro-crypto if it tried! On Thursday, a spot ETF tied to one of the least “serious” cryptocurrencies — dogecoin DOGE$0.2641 — debuted in the U.S. alongside payments-focused XRP. Unlike bitcoin BTC$115,583.79, ether (ETH) and stablecoins, which act…
