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How Luca Netz saved NFT brand Pudgy Penguins with plushies

Pudgy Penguins, an NFT brand launched in 2021, avoided bankruptcy through a major strategic shift by expanding into the toy industry. In 2022, the company had only six months of financial runway, but current projections indicate $50 million in revenue for 2025. Luca Schnetzler, known online as Luca Netz, acquired

El Salvador legalizes bitcoin banks with new Investment Banking Law

El Salvador legalizes bitcoin banks with new Investment Banking Law

El Salvador has adopted the Investment Banking Law, allowing certain financial institutions to hold bitcoin and other digital assets on their balance sheets. According to the Commission for Digital Assets (CNAD), banks holding a crypto service provider (PSAD) license will be able to operate exclusively as bitcoin banks and offer

Paxos refiles for federal license

Paxos refiles for federal license

Paxos Trust Company has refiled an application to convert its status from a New York limited-purpose trust into a US national trust bank charter. If approved by the Office of the Comptroller of the Currency (OCC), the company will be able to hold assets and settle payments nationwide under federal

Major Universities, Including Harvard, Increase Holdings in Bitcoin ETFs

Major Universities, Including Harvard, Increase Holdings in Bitcoin ETFs

Harvard University and other major academic institutions have started integrating Bitcoin into their portfolios through investments in specialized ETFs, signaling a significant shift in institutional adoption of cryptocurrencies. Harvard Management Company reported holding 1.9 million shares in the iShares Bitcoin Trust, worth over $116 million, making it one of

BBVA joins Binance to provide regulated asset custody

BBVA joins Binance to provide regulated asset custody

Binance has partnered with BBVA, one of Spain’s largest banks, to provide independent custody services for customer funds, according to a Financial Times report published on Friday. Sources cited by the publication stated that the funds will be held in the form of U.S. Treasury securities at BBVA,

Leadership Change at White House Crypto Council as Bo Hines Resigns

Leadership Change at White House Crypto Council as Bo Hines Resigns

Bo Hines, Executive Director of the White House Crypto Council, announced on Saturday that he is stepping down to return to the private sector. Hines was appointed in December 2024 by U.S. President Donald Trump to lead the advisory group on crypto assets. In his statement, Hines thanked the

Unknown Entity Buys Nearly $1B in Ethereum in Just One Week

Unknown Entity Buys Nearly $1B in Ethereum in Just One Week

An unidentified entity has acquired nearly $1 billion worth of Ether in just one week, signaling strong institutional interest in the world’s second-largest cryptocurrency by market capitalization. A total of 221,166 ETH were purchased during a period when the asset’s price increased by 21%, according to Lookonchain.