VERB, TON Treasury Company, Announces Over $780M in Assets

VERB, TON Treasury Company, Announces Over $780M in Assets

VERB Technology Company, a Toncoin (TON) acquisition company, said it has accumulated about $713 million in TON and $67 million in cash, totaling over $780 million in assets. The company completed a $558 million private placement in August, sending its share price soaring by more than 200%. A majority of these funds were used to…

U.S. Justice Department Official Says Writing Code Without Bad Intent 'Not a Crime'

U.S. Justice Department Official Says Writing Code Without Bad Intent ‘Not a Crime’

A senior official at the U.S. Department of Justice knew the crypto audience in Wyoming had fresh software developer convictions on its mind when he told them on Thursday that his department doesn’t want to go after digital assets software developers who don’t have money-laundering intentions. Matthew Galeotti, acting assistant attorney general in the DOJ’s…

Weatherford continues to grow its Russian business despite Trump’s sanctions

Weatherford continues to grow its Russian business despite Trump’s sanctions

Weatherford has continued to grow its operations in Russia even in the face of sanctions announced by United States President Donald Trump. The growth comes amid the sanctions, which were in place to restrict such growth in the first place. The Houston-based oil services company made 7% of its $2.4 billion revenue from Russia in…

SWIFT ‘Actively’ Testing XRP And HBAR For Payments

SWIFT ‘Actively’ Testing XRP And HBAR For Payments

SWIFT is reportedly “actively” testing the integration of XRP and HBAR into its system to enhance its cross-border payment capabilities. SWIFT (Society for Worldwide Interbank Financial Telecommunication) is looking to adopt blockchain solutions for cross-border payments. The intentional money transfer facilitator is reportedly testing XRP and Hedera (HBAR) for this purpose. SWIFT Adopting XRP and…

Crypto Market Enters “Fear” Zone, But Solana and Ethereum Remain Strong

Crypto Market Enters “Fear” Zone, But Solana and Ethereum Remain Strong

While most cryptocurrencies, including Bitcoin, have dropped below key support levels over the past few days, Ethereum (ETH) and Solana (SOL) have shown signs of strength despite the uncertainty caused by macroeconomic factors, like last week’s negative Producer Price Index report, which dimmed hopes for an interest rate cut in September. The drop in…

Bitcoin Ignores US-EU Trade Deal With $114K In Focus

Bitcoin Ignores US-EU Trade Deal With $114K In Focus

Key points: Bitcoin has a new make-or-break price point to monitor into the weekly close: $114,000. Bid liquidity lines up below local lows as BTC market structure risks looking “weak.” Fed rate-cut odds fall for September despite a US-EU trade deal. Bitcoin (BTC) saw volatility at Thursday’s Wall Street open as markets digested a US-EU…

Stablecoins, Tokenization Put Pressure on Money Market Funds: Bank of America

Stablecoins, Tokenization Put Pressure on Money Market Funds: Bank of America

Bank of America’s (BAC) rates strategy team said the U.S. Treasury market is increasingly shaped by two emerging forces: stablecoin demand for T-bills and the tokenization of government debt-related assets. BofA views stablecoins as less of a game-changer for Treasuries than for money market mutual funds (MMFs), where their higher-yield potential represents a competitive challenge,…