The rebranded Enron Corporation revealed Connor Gaydos as its new CEO and announced a January summit where it plans to release a transformative new technology that will “truly change the world forever.” The firm made the revelations in a promotional video released on Dec. 9 featuring Gaydos, who is widely recognized for his involvement in the […]
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Jetking Infotrain became India’s first publicly traded company to adopt Bitcoin (BTC) as a reserve asset for its treasury after purchasing 12 BTC on Dec. 9, according to the firm’s CEO Avinash Bharwani. The company’s Bitcoin reserve is worth roughly $1.2 million, at $97,986.35 per BTC as of press time. According to Google Finance data, […]
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El Salvador reportedly expects to finalize a $1.3 billion IMF loan agreement in the coming weeks, adjusting its legal treatment of Bitcoin and aligning fiscal policies to secure international financing. According to the Financial Times, an IMF mission is in San Salvador to negotiate terms that would likely remove the requirement for businesses to accept […]
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1971 Capital chief investment officer Brian Russ says Ethereum is undervalued and that Bitcoin, gold and silver are in a long bull market.
A group of Amazon shareholders has urged the company to diversify its treasury holdings by allocating at least 5% of its assets to Bitcoin. The proposal, submitted by the National Center for Public Policy Research (NCPPR), seeks to encourage Amazon to adopt Bitcoin as a financial hedge and value driver. Why Bitcoin makes sense for […]
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The following is a guest article from Jesse Knutson, Head of Operations at Bitfinex Securities. Donald Trump’s re-election victory and the massive success of the Bitcoin ETFs earlier in the year have been major catalysts behind Bitcoin’s ascent towards $100,000. Gains over the last few weeks have been driven by the anticipation of Trump 2.0 […]
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DeFi lending on Bitcoin-based Liquidium reached a four-month high of 21 BTC on Dec. 5, following the top asset climb to a new all-time high above $100,000. Onchain data reveals that loans against Runes accounted for 57% of Liquidium’s daily volume, contributing 12 BTC, while Ordinals accounted for the remaining 43%, contributing 9 BTC. These […]
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Former US Secretary of the Treasury Larry Summers said in an interview with Bloomberg that the idea of a national Bitcoin (BTC) reserve is “crazy. “ Summers said he understands the concept of other commodities’ reserves, such as oil and gold, but argued: “Of all the prices to support, why would the government choose to […]
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The transformative influence of Bitcoin on the global economy.
XRP’s recent price surge has sparked growing interest from institutional players, with Worksport and The BC Bud Co. announcing plans to include the token in their treasury strategies. Traditionally, corporate crypto investments have centered on Bitcoin, a trend set by companies like MicroStrategy. However, XRP’s impressive 300% rally over the past month has propelled it […]
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Bitcoin has achieved an unprecedented milestone, surpassing the $100,000 mark for the first time in its history. Data from CryptoSlate showed that the top digital asset peaked at $103,465.81 on Dec. 5, showcasing its most remarkable performance since its inception. This surge propelled Bitcoin’s market capitalization beyond $2 trillion, marking a pivotal moment in its […]
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El Salvador’s president Nayib Bukele is celebrating the country’s success as its Bitcoin holdings surpass $300 million in unrealized profit. In a Dec. 5 post on X (formerly Twitter), Bukele shared a screenshot showing that the country’s Bitcoin holdings reached over $600 million. This spike came as Bitcoin’s price surged past $100,000, hitting an all-time […]
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Ripple has announced a delay in the launch of its RLUSD stablecoin due to regulatory issues with the New York State Department of Financial Services (NYDFS). In a Dec. 4 statement on X (formerly Twitter), the platform stated: “Despite some speculation, $RLUSD isn’t launching today. We’re in lockstep with the NYDFS on final approval and […]
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For the first time, Bitcoin has surpassed the $100,000 mark, pushing its market capitalization to $2 trillion. This milestone follows a series of new all-time highs over the past few weeks, fueled by market momentum after the U.S. presidential election. The election of Donald Trump, who has promised pro-cryptocurrency policies, contributed to Bitcoin’s surge. Since […]
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Ethiopia is emerging as a significant player in Bitcoin mining, with local operations now accounting for 2.5% of the global hash rate. On Dec. 4, local Bitcoin miner Kal Kassa stated: “Bitcoin miners in Ethiopia now command 2.5% of the global hash-rate. If trends continue, according to Ethiopian Electric Power (EEP), this will more than […]
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New York City Mayor Eric Adams slammed the criticism he faced after deciding to receive his first three paychecks in Bitcoin (BTC) and Ethereum (ETH) back in early 2022. He made the statement during a Dec. 3 press conference, saying: “Remember y’all laughed at me when I first got my Bitcoin. Who’s laughing now? Go […]
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Russian President Vladimir Putin said Bitcoin (BTC) and digital currencies are unstoppable, positioning them as key tools for reducing financial inefficiencies and enhancing economic stability. Putin made the statements at the Investment Forum in Moscow on Dec. 4, where he argued in favor of Bitcoin as a global reserve asset over the US dollar. He criticized […]
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There is a key disconnect between India’s top crypto adoption metrics and the lack of widespread cryptocurrency use.
Ethena’s synthetic USDe dollar has emerged as the fastest-growing USD-pegged stablecoin over the past 30 days after its market capitalization skyrocketed 73% to an all-time high of $4.77 billion. The surge has propelled USDe to become the third-largest stablecoin, surpassing DAI’s $4.7 billion market cap. However, USDe still lags behind Tether’s USDT at $135 billion […]
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The new offering builds on previous seasonal passes offering a full year’s worth of voyages for a single fee.
Coinbase announced the integration of Apple Pay into its Coinbase Onramp service, according to a Dec. 2 announcement. The addition will streamline the process for users looking to convert fiat into crypto, making it faster and more user-friendly. Apple Pay has more than 60 million active users in the US and over 500 million users globally […]
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Government participation in crypto hasn’t always had great outcomes for the space, with the SEC under the Biden administration causing plenty of headaches for firms.
SBI VC Trade, a subsidiary of Japan’s financial powerhouse SBI Holdings, has revealed new collaborations with DMM Bitcoin and Metaplanet. SBI Holdings is a leader in internet banking in Japan and a global leader in blockchain technologies. As of March 2024, the company held more than $190 billion in total assets. DMM Bitcoin is a […]
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MicroStrategy executive chairman Michael Saylor has urged Microsoft to adopt Bitcoin as part of its strategy, according to a three-minute presentation to the company’s board that was shared on X (formerly Twitter). In the presentation, Saylor positioned Bitcoin as a critical component of the next technological wave. He warned that failing to integrate Bitcoin into […]
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2024 transaction totals are up more than 350% year-over-year, but still well below Indonesia’s 2021 highs.
The Open Network (TON) has unveiled a trustless cross-chain bridge designed to integrate Bitcoin liquidity into its ecosystem. Named TON Teleport BTC, the bridge aims to harness Bitcoin’s foundational principles to enhance connectivity and utility within the TON ecosystem and the Telegram audience. TON Teleport BTC enables Bitcoin to function on Telegram as a tokenized […]
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Telegram could be the key to reaching the first billion crypto users, but it’s not a competitor or a threat to other entry points like web browsers.
Russia’s Federation Council has approved sweeping amendments to the nation’s Tax Code, formalizing the taxation framework for digital currencies like Bitcoin (BTC). The legislation, adopted on Nov. 27, represents a critical step toward regulating the rapidly growing crypto sector while ensuring compliance with tax laws. Comprehensive tax laws The new law, titled “On Amendments to […]
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Ethereum’s DeFi sector is experiencing a revival, fueled by renewed market enthusiasm following Donald Trump’s election victory. The total value locked (TVL) in Ethereum’s DeFi ecosystem has surged past $80 billion, marking its highest level in over two years. These numbers come as key players like Aave and Uniswap have also achieved significant milestones during […]
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Off The Grid secured the Game of the Year award at the 2024 GAM3 Awards, held live for the first time in Manila on Nov.22. Developed by Gunzilla Games, the Web3-enabled, free-to-play, third-person battle royale game also won awards for Best Shooter Game, Best Multiplayer Game, and Best Action Game, marking a significant achievement in […]
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