Bermuda has selected WalletConnect as a technology partner for its plan to build an onchain economy. The initiative aims to enable cryptocurrency payments for local merchants. The rollout will begin with ticketing platform PTIX. The launch is scheduled for the second quarter of 2027.
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Bitcoin fell almost 2% in advance of Strategy's third-quarter results. The company is the largest corporate holder of the cryptocurrency. Its holdings are now valued at only about 6% above what it paid for them. The slide leaves the price clinging to the $80,000 level. The report is a live update tracking the market before the earnings release.
Thailand's Supreme Court has ruled that bitcoin qualifies as property under the law. The decision came after a convicted thief challenged his conviction. The court pointed out that bitcoin has a market price and can be cashed out and held by members of the public. It upheld a 10-year prison sentence for a man who helped the robbers.
Lazaro Campos, the former chief executive of Swift, has taken on a chairman role at OpenTrade, a stablecoin company based in London. The firm reports that it has $300 million in assets locked and annual transaction volume exceeding $1 billion. Campos's appointment brings a senior financial-infrastructure background to the company's board. The source article provides no further detail on the scope of his responsibilities or the timing of the move.
Markets are currently at an inflection point, according to the source article. The development could influence inflation trends. It may also affect the prices of risk assets, including bitcoin and tech stocks. The article directs traders' attention to a specific chart that reflects this moment. Further details about the chart's data and timing are not provided in the excerpt.
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