US-listed company Vita Logistics Technology Holdings (NASDAQ: RITR) announced that it is actively studying relevant regulatory details and plans to apply for a stablecoin issuance license after the Hong Kong stablecoin regulations come into effect. The company plans to launch its own stablecoin "RHKD", and the company also plans to issue a digital token "RBTC", which is pegged to Bitcoin as the underlying asset. Customers can exchange "RBTC" in Hong Kong dollars or US dollars. The company expect...
Atlanta-based crypto ATM maker Bitcoin Depot released earnings data showing that the company's third quarter revenue was $135.30 million, down 25 percent from $179.50 million in the third fiscal quarter of 2023. The company also reported holding more than $1.31 million in cryptocurrency. According to the company's website, Bitcoin Depot has about 16,700 sites in the United States, Canada, and Australia. In August 2022, Bitcoin Depot went public at a valuation of $885 million. The company's Class...