China

EBay rejects GameStop’s $56 billion bid, putting bitcoin exposure back in focus

EBay has rejected GameStop's $56 billion bid to acquire the company, which has drawn attention back to the potential for cryptocurrency integration in e-commerce. GameStop, known for its focus on gaming and digital assets, had aimed to leverage eBay's platform to expand its reach in the crypto space. The rejection raises questions about the future of digital currencies in retail and how companies like GameStop will adapt their strategies. EBay's decision highlights the ongoing challenges and considerations surrounding cryptocurrency adoption in traditional retail environments.

Read the full article: CoinDesk

Kraken parent, Franklin Templeton to develop onchain investment products

Kraken's parent company, Payward, has partnered with Franklin Templeton to create on-chain investment products. This collaboration aims to leverage blockchain technology to enhance investment offerings and improve efficiency in asset management. The initiative will focus on developing new financial products that can operate on decentralized networks. Both companies

France’s central banker Beau clashes with Lagarde over private digital euro plans

France's central banker, François Villeroy de Galhau, has expressed strong opposition to the European Central Bank's (ECB) plans for a private digital euro, advocating instead for a public version. He believes that a public digital euro would better serve the needs of citizens and businesses, while

Bakkt pivots into stablecoin infrastructure as revenue tumbles 77% in Q1

Bakkt has shifted its focus to stablecoin infrastructure as it faces a significant revenue decline, reporting a 77% drop in Q1. The company aims to leverage its expertise in digital assets to develop a stablecoin offering, which it believes will enhance its market position. This pivot comes amid broader challenges

Wells Fargo lifts Ether ETF holdings in Q1 as Bitcoin positions shift

Wells Fargo increased its holdings in Ether exchange-traded funds (ETFs) during the first quarter of 2023, reflecting a strategic shift in its cryptocurrency investments. The bank's Bitcoin positions, however, saw a reduction, indicating a possible reevaluation of its stance on the leading cryptocurrency. This move aligns with broader

Read more

Kraken parent, Franklin Templeton to develop onchain investment products

France’s central banker Beau clashes with Lagarde over private digital euro plans

Bakkt pivots into stablecoin infrastructure as revenue tumbles 77% in Q1

Wells Fargo lifts Ether ETF holdings in Q1 as Bitcoin positions shift