Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Brazilian company Méliuz has made a bold move by purchasing $28.4 million worth of Bitcoin. This marks the first time a listed company in Brazil has added Bitcoin to its treasury. The decision received strong support, with most shareholders approving the purchase. Méliuz’s move signals growing corporate interest in cryptocurrency in Brazil and could pave the way for others to follow. This milestone highlights Bitcoin’s increasing role in mainstream finance.

Coinbase has revealed a security breach where attackers bribed overseas customer support agents to access user data through social engineering. The compromised information affected less than 1% of monthly users and included names, addresses, phone numbers, and limited account details. Importantly, no passwords, private keys, or user funds were accessed. The attackers demanded a $20 million ransom, which Coinbase firmly refused to pay. The exchange is now working to enhance internal security and prevent future insider threats.

Mastercard has partnered with MoonPay to introduce stablecoin cards, allowing users to pay with cryptocurrencies at more than 150 million merchants worldwide. This collaboration makes it easier for people to use digital currencies in daily life, bridging the gap between traditional finance and crypto. By bringing stablecoins into Mastercard’s extensive payment network, the partnership aims to boost crypto adoption and simplify transactions globally, moving digital assets closer to mainstream use.

Ukraine is preparing to create a national Bitcoin reserve. MP Yaroslav Zheleznyak announced that a draft bill is being developed and will be submitted soon. The legislation will help formalize the country’s plan to hold Bitcoin as part of its national assets. This step highlights Ukraine’s growing focus on integrating cryptocurrency into its financial system, potentially making it one of the first countries to establish an official Bitcoin reserve.

JPMorgan has completed its first tokenized U.S. Treasury transaction on a public blockchain, marking a major step toward merging traditional finance with blockchain technology. The trade was settled using Ondo Finance and Chainlink, showing how real-world assets like Treasuries can move through decentralized networks. This move highlights growing interest from major institutions in using blockchain for secure and efficient financial operations, bridging the gap between traditional banking and the fast-evolving world of crypto.

Ki Young Ju, CEO of CryptoQuant, recently tweeted that all three major presidential candidates in South Korea support spot Bitcoin ETFs and institutional investment. Currently, both Bitcoin ETFs and institutional investments are banned in South Korea, with retail investors accounting for 100% of the trading volume. The candidates’ backing could signal a potential shift in policy, paving the way for institutional involvement in the country’s crypto market.

The Ethereum Foundation has introduced the “Trillion Dollar Security” initiative to improve the network’s security. This project focuses on enhancing the safety of Ethereum wallets, user experience, and smart contracts. Its primary goal is to enable secure on-chain asset management for individual users and institutions, aiming to protect trillions in value on Ethereum. The initiative marks a significant step towards a more secure and reliable blockchain ecosystem for all users.

FalconX, a top digital asset prime broker, has announced a new partnership with Standard Chartered, a major global banking group. This strategic collaboration aims to provide institutional clients with advanced crypto investment solutions. The move strengthens FalconX’s position in the digital asset market and offers enhanced services to meet the growing demand for institutional crypto investments, creating new opportunities in the rapidly evolving crypto space.

Robinhood is acquiring WonderFi, one of Canada’s top crypto platforms, in a move to grow its presence in the Canadian market. This deal will help Robinhood offer more crypto services to users across Canada, tapping into a fast-growing and crypto-friendly region. With WonderFi’s strong local reputation and user base, the acquisition marks a key step in Robinhood’s global expansion. The company aims to make crypto trading simpler and more accessible for Canadians.

Nasdaq-listed GD Culture Group has successfully secured a $300 million funding commitment to build a crypto reserve. The reserve will include Bitcoin ($BTC) and assets related to the $TRUMP meme coin. This move signals the company’s growing interest in the cryptocurrency space, as it plans to leverage these digital assets in its future operations. The funding paves the way for GD Culture Group to strengthen its position in the evolving crypto market.