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Thumzup Media invests one million dollars in Bitcoin to enhance crypto strategy

Thumzup Media has invested $1 million in Bitcoin, acquiring 9.783 BTC at an average price of $102,220 each, and plans to allocate up to 90% of its liquid assets to the cryptocurrency. The company aims to integrate crypto payments for gig workers and is set to join the HODL 70 index, reflecting a growing trend of corporate Bitcoin adoption. As Bitcoin's price fluctuates, Thumzup's strategic move aligns with a broader shift in corporate finance towards digital assets.

Bank of England regulator mandates crypto exposure disclosure by March 2025

The Bank of England's Prudential Regulation Authority (PRA) has mandated that businesses disclose their current and anticipated crypto asset exposures by March 2025. This initiative aims to gather essential data to inform regulatory policies and assess the financial stability implications of digital assets. The PRA's efforts will focus on tokenized assets, stablecoins, and unbacked cryptocurrencies, as the UK seeks to establish a comprehensive regulatory framework amidst growing global interest in cryptocurrencies.

bank of england mandates firms to disclose crypto asset exposure by 2025

The Bank of England's Prudential Regulation Authority (PRA) has mandated that firms disclose their current and anticipated exposure to crypto assets by March 2025. This directive aims to enhance financial stability and inform the central bank's regulatory approach, requiring firms to report on their application of the Basel framework and future crypto engagement plans until September 2029. The PRA has raised concerns about the risks associated with permissionless blockchains, which it currently deems insufficiently mitigated.

India's first public company Jetking Infotrain adds Bitcoin to treasury reserves

Jetking Infotrain has become the first publicly listed company in India to hold Bitcoin, acquiring 12 BTC valued at approximately $1.2 million, which constitutes over 26% of its market capitalization of $4.5 million. CEO Avinash Bharwani emphasized the company's strategy to integrate Bitcoin into its treasury for long-term growth while engaging with regulators for compliance. This move reflects a broader trend of increasing institutional interest in cryptocurrency, as companies globally diversify their treasury assets amid changing economic conditions.

bitcoin surges towards 100k as market dynamics shift and firms invest

Pantera Capital's Bitcoin Fund has achieved a staggering 1,000x return since its 2013 launch, while Bitcoin recently faced a correction after nearing $100,000. Major acquisitions by firms like MicroStrategy and Jiva Technologies highlight ongoing institutional interest, despite bearish on-chain metrics suggesting potential consolidation ahead.
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