Citi invests in stablecoin firm BVNK as Wall Street deepens crypto push

Citi invests in stablecoin firm BVNK as Wall Street deepens crypto push

Citigroup’s venture arm has invested in London-based stablecoin firm BVNK as Wall Street accelerates its push into blockchain-powered payments. Citigroup’s venture arm, Citi Ventures, has invested in BVNK, a London-based stablecoin infrastructure firm building global payment rails for digital assets. BVNK declined to disclose the size of Citi’s investment or its current valuation. However, co-founder…

Read More
Bitcoin miners and AI firms compete for cheap sustainable energy

Bitcoin miners and AI firms compete for cheap sustainable energy

Bitcoin miners face rising competition from AI data centers for cheap energy, potentially driving a new wave of institutional investment, according to GoMining exec Jeremy Dreier. Bitcoin mining companies and artificial intelligence data centers are increasingly competing for access to cheap, sustainable energy, which could trigger renewed institutional investment in the mining sector over the…

Read More
36% of Gen Z spend crypto on daily purchases, Gen X leads high-value spending

36% of Gen Z spend crypto on daily purchases, Gen X leads high-value spending

Gaming, daily purchases, and travel bookings emerge as the leading categories where Gen Z users strongly prefer cryptocurrency. Cryptocurrency payments are gaining prominence among numerous user cohorts for daily transactions and even high-value payments, signaling that digital assets are evolving beyond speculative tools. Gen Z users stand out in terms of daily transactions, with 36%…

Read More