Bison Bank plans to integrate Bison Digital Assets into its core operations, moving closer to becoming Portugal’s first cryptobank. The investment bank plans to support client-led asset tokenisation projects, signalling a wider move into regulated digital finance.
The strategy is backed by the EU’s MiCA framework, which provides legal clarity and regulatory certainty for cryptoasset firms. Regulatory approval under MiCA allows the bank to operate in Portugal while dealing in and investing in cryptoassets on behalf of clients.
Alongside the structural integration, the bank outlined three initiatives: issuing the first stablecoin by a Portuguese bank, advancing tokenised asset offerings, and completing its transition into a cryptobank.
Tokenisation is designed to enable fractional ownership, continuous trading, improved liquidity, and transparent settlement for assets ranging from real estate to bonds.
Although no official launch date has been confirmed, chief executive António Henriques indicated that the new services are expected to become available in the first half of the year, subject to final regulatory and operational steps.
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CryptoQuant data shows Bitcoin mining profitability has fallen to its weakest level in 14 months, as declining prices and rising operational pressure weigh on the sector. The miner profit and loss sustainability index dropped to 21, its lowest reading since November 2024.
Lower Bitcoin prices and elevated mining difficulty have left operators ‘extremely underpaid’, according to the report. Network hash rate has also declined across five consecutive epochs, reaching its lowest level since September 2025 and signalling reduced computing power securing the network.
Severe winter weather across parts of the eastern United States added further strain, disrupting mining activity and pushing daily revenues down to around $28 million, a yearly low. Weaker risk appetite across equities and digital assets has compounded the impact.
Shares in listed miners such as MARA Holdings, CleanSpark, and Riot Holdings have fallen by double-digit percentages over the past week. Data from the Cambridge Bitcoin Electricity Consumption Index shows mining BTC now costs more than buying it on the open market, increasing pressure on weaker operators.
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Financial Conduct Authority research shows UK crypto ownership has declined even as Bitcoin prices surged. Adult participation fell from 12% in 2024 to 8% in the latest survey, equal to about 4.6 million people, although levels remain double those recorded in 2021.
A closer look suggests consolidation rather than collapse. Investors who stayed in the market are committing more capital, with higher-value portfolios becoming more common as retail activity gives way to institutional demand and Bitcoin ETF inflows.
Participants’ knowledge levels are improving. The regulator notes that active investors are more risk-aware and better informed, with ownership skewed towards men aged 18–34 from higher-income demographics and ethnic minority backgrounds.
Bitcoin retains the strongest recognition at 79%, while 57% of current investors hold BTC, a gradual year-on-year increase. Ether ownership stands at 43%, Dogecoin appears in 20% of portfolios, and awareness of newer altcoins remains limited, according to CoinMarketCap.
Stablecoin recognition has risen to 53%, reflecting broader discussion around payments and regulation.
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The legislation would grant the Commodity Futures Trading Commission new regulatory authority over digital commodities and establish consumer protections, including safeguards against conflicts of interest.
Chairman John Boozman proceeded with the bill after losing bipartisan support when Senator Cory Booker withdrew backing for the version presented. The Senate Banking Committee must approve the measure before the two versions can be combined and advanced to the Senate floor.
Democrats raised concerns about the legislation, particularly regarding President Donald Trump’s cryptocurrency ventures. Senator Booker stated the bill departed from bipartisan principles established in November, noting Republicans ‘walked away’ from previous agreements.
Democrats offered amendments to ban public officials from engaging in the crypto industry and to address foreign-adversary involvement in digital commodities. Still, all were rejected as outside the committee’s jurisdiction.
Senator Gillibrand expressed optimism about the bill’s advancement, whilst Boozman called the vote ‘a critical step towards creating clear rules’. The Senate Banking Committee’s consideration was postponed following opposition from the crypto industry, with no new hearing date set.
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Worldcoin jumped 40% after reports that OpenAI is developing a biometric social platform to verify users and eliminate bots. The proposed network would reportedly integrate AI tools while relying on biometric identification to ensure proof of personhood.
Sources cited by Forbes claim the project aims to create a humans-only platform, differentiating itself from existing social networks, including X. Development is said to be led by a small internal team, with work reportedly underway since early 2025.
Biometric verification could involve Apple’s Face ID or the World Orb scanner, a device linked to the World project co-founded by OpenAI chief executive Sam Altman.
The report sparked a sharp rally in Worldcoin, though part of the gains later reversed amid wider market weakness. Despite the brief surge, Worldcoin has remained sharply lower over the past year amid weak market sentiment and ongoing privacy concerns.
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Cryptocurrency payments are entering mainstream US commerce as rising customer demand drives more merchants to accept digital assets at checkout.
New research from the National Cryptocurrency Association and PayPal shows that 39% of merchants already accept crypto, while 84% expect it to become a standard payment method within five years.
Customer demand is driving adoption, with 88% of merchants receiving crypto payment enquiries and 69% reporting monthly interest from customers.
Many businesses view crypto as a tool for expansion, with 79% believing it can help attract new customers, while those already accepting crypto report rising transaction volumes and stronger engagement.
Large enterprises lead adoption, with half of firms earning over $500 million accepting crypto, compared with about one-third of smaller businesses. Among adopters, crypto accounts for 26% of sales, while 72% report annual growth, underscoring its shift toward a practical payment method.
Younger consumers are driving much of the momentum, particularly Millennials and Gen Z, while sectors such as hospitality, travel, digital goods, gaming, and e-commerce are seeing the fastest uptake.
Despite strong interest, simplicity remains a key barrier, as 90% of merchants say they would adopt crypto if setup and usage matched the ease of traditional card payments.
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UK banks are blocking or delaying close to 40% of payments to cryptocurrency exchanges, sharply increasing customer friction and slowing market growth, according to a new industry report.
Around 80% of surveyed exchanges reported rising payment disruptions, while 70% described the banking environment as increasingly hostile, discouraging investment, hiring, and product launches in the UK.
The survey of major platforms, including Coinbase, Kraken, and Gemini, reveals widespread and opaque restrictions across bank transfers and card payments. One exchange reported nearly £1 billion in declined transactions last year, citing unclear rejection reasons despite FCA registration.
Several high-street and digital banks maintain outright blocks, while others impose strict transaction caps. The UK Cryptoasset Business Council warned that blanket debanking practices could breach existing regulations, including those on payment services, consumer protection, and competition.
The council urged the FCA and government to enforce a risk-based approach, expand data sharing, and remove unnecessary barriers as the UK finalises its long-term crypto framework.
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A consortium of 10 central European banks has established a new company, Qivalis, to develop and issue a euro-pegged stablecoin, targeting a launch in the second half of 2026, subject to regulatory approval.
The initiative seeks to offer a European alternative to US dollar-dominated digital payment systems and strengthen the region’s strategic autonomy in digital finance.
The participating banks include BNP Paribas, ING, UniCredit, KBC, Danske Bank, SEB, Caixabank, DekaBank, Banca Sella, and Raiffeisen Bank International, with BNP Paribas joining after the initial announcement.
Former Coinbase Germany chief executive Jan-Oliver Sell will lead Qivalis as CEO, while former NatWest chair Howard Davies has been appointed chair. The Amsterdam-based company plans to build a workforce of up to 50 employees over the next two years.
Initial use cases will focus on crypto trading, enabling fast, low-cost payments and settlements, with broader applications planned later. The project emerges as stablecoins grow rapidly, led by dollar-backed tokens, while limited € alternatives drive regulatory interest and ECB engagement.
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Oklahoma lawmakers have introduced Senate Bill 2064, proposing a legal framework that allows businesses, state employees, and residents to receive payments in Bitcoin without designating it as legal tender.
The bill recognises Bitcoin as a financial instrument, aligning with constitutional limits while enabling its voluntary use across payroll, procurement, and private transactions.
Under the proposal, state employees could opt to receive wages in Bitcoin, US dollars, or a combination of both at the start of each pay period. Payments would be settled at prevailing market rates and deposited into either self-hosted wallets or approved custodial accounts.
Vendors contracting with the state could also choose Bitcoin on a per-transaction basis, while crypto-native firms would benefit from reduced regulatory friction.
The legislation instructs the State Treasurer to appoint a payment processor and develop operational rules, with contracts targeted for completion by early 2027.
If approved, the framework would take effect in November 2026, positioning Oklahoma among a small group of US states exploring direct Bitcoin integration into public finance, alongside initiatives already launched in Texas and New Hampshire.
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Binance has applied for a pan-European MiCA licence in Greece, positioning the country as a key regulatory gateway into the EU. The MiCA framework harmonises oversight across member states, enabling licensed firms to operate EU-wide under a single approval.
Contrary to expectations that Malta or Latvia would host the filing, the exchange selected Athens, where it has already established a holding company. The Hellenic Capital Market Commission is reportedly fast-tracking the review with support from leading accounting firms.
Company representatives said the MiCA regime offers legal clarity, regulatory certainty, and a framework that supports responsible innovation. Approval could lead to Binance expanding its corporate presence in Greece, including the opening of new offices and local staffing.
Regulatory urgency is intensifying as the July deadline approaches, particularly for firms operating across multiple EU jurisdictions. A successful application would strengthen Binance’s European strategy, expanding market access and reinforcing regulatory compliance.
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