Crypto News

Salinas revealed details of how much bitcoin exposure he has in his personal portfolio in an interview with Bloomberg and described the cryptocurrency as “the hardest asset in the world.” Ricardo Salinas Doubles Down on Bitcoin, Holds 70% of His Portfolio in BTC Mexico’s third richest man, Ricardo Salinas, chairman and CEO of corporate conglomerateSource link

Brian Strugats, head of trading at cryptocurrency prime broker FalconX, has left the business, according to an internal memo seen by CoinDesk.Strugats left the firm last week, the memo said.He had been employed by the crypto firm for more than three years, and was based in New York, according to his LinkedIn profile. Both Strugats and FalconX declined to comment. Prime brokers are an essential part of financial markets, both crypto and TradFi. They are responsible for providing trading, financing and custody services to large institutions.Prior to FalconX, Strugats previously worked at investment firm XN and Glenhill Capital. He started his career as a fund accountant at GlobeOp.FalconX was established in 2018 and was valued at $8 billion at the...

The crackdown by the Economic Crime Suppression Division targeted e-money firms with a combined annual turnover of $29 million.Source link

SBI VC Trade, a subsidiary of financial giant SBI Holdings, has secured regulatory approval as an Electronic Payments Provider in Japan.The regulatory approval, granted under the Japan Financial Services Agency’s (JFSA) new framework, allows the exchange to offer stablecoins, making it the first in the country to list and distribute USDC."USDC becomes the first and only global dollar stablecoin to become approved for use in Japan," wrote Circle CEO Jeremy Allaire.In Japan, regulatory changes in 2023 cleared the way for licensed intermediaries to handle foreign stablecoins, subject to oversight.Source link

The price of Bitcoin slipped below $82,000 Tuesday, reversing recent gains as President Trump’s 25% tariffs on Mexico and Canada took effect.Source link