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Bakkt Share Price Spikes 17% After Analyst Triples Price Target to $40

Bakkt Holdings' stock price increased by 17% following a report from Benchmark Company that significantly raised its price target to $40. The investment bank identified growth potential in Bakkt's core businesses including crypto infrastructure, stablecoin payments, and its Bitcoin treasury. This increase in stock value was described

Chinese Woman Convicted in UK for Leading $6.9B Bitcoin Scam

Zhimin Qian, a Chinese national, was convicted in the U.K. Crown Court for her involvement in a fraudulent bitcoin operation that defrauded over 128,000 victims in China from 2014 to 2017, amounting to 5.1 billion pounds ($6.9 billion). Qian stored her illegal gains in bitcoin and

Robinhood Eyes Global Expansion of Prediction Markets After U.S. Debut

Robinhood is planning to expand its prediction markets product internationally after its recent U.S. launch in collaboration with Kalshi. The company is seeing rising demand particularly in Europe and the UK, where users have expressed significant interest in event trading. Discussions with regulators, including the UK's Financial

Can Solana rival Wall Street? Kyle Samani thinks so

In a recent interview, Kyle Samani, chairman of Forward Industries, discussed his $1 billion fundraising effort for a Solana treasury strategy aimed at integrating global markets onchain. Samani contends that due to Ethereum's scalability issues, Solana stands as the most competent blockchain to support capital markets globally. He

Phantom unveils Phantom Cash as first stablecoin on Stripe’s Open Issuance

Phantom has launched Phantom Cash, a new payments solution that transforms its crypto wallet into a comprehensive money app. Users can instantly fund their balances using a bank or card, engage in fee-free buying and selling of crypto on stablecoins, make Visa payments via Apple Pay or Google Pay, and

SEC Weighs Plan to Let Stocks Trade on Blockchain

The U.S. Securities and Exchange Commission (SEC) is reportedly developing a plan to permit blockchain-registered versions of stocks to trade on cryptocurrency exchanges. This initiative would let investors buy and sell stock tokens—digital representations of shares in publicly traded companies—on approved crypto platforms. The agency's

Robinhood Stock Hits All-Time High as Company Ups Ante on Prediction Markets

Robinhood's stock (NASDAQ: HOOD) reached a new high, trading close to $140 a share following reports of the company expanding its prediction markets beyond the U.S. The stock surged by 275% year-to-date, partly due to CEO Vlad Tenev announcing over 4 billion event contracts traded on its