Industry News
MicroStrategy boosts convertible note sale to $700M amid crypto boom
MicroStrategy’s Ambitious Plan to Capitalize on the Cryptocurrency Bull Market: Increasing Convertible Notes Sale from $600 Million to $700 Million MicroStrategy, a leading business intelligence company, has recently announced its intention to expand the sale of convertible notes from an initial $600 million to $700 million. The motivation behind this decision is to take full…
Arizona Senate pushes for Bitcoin ETF inclusion in state retirement funds
The Arizona State Senate has taken a significant step towards evaluating the potential integration of bitcoin Exchange-Traded Funds (ETFs) into the retirement funds managed by the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS). The resolution, which passed with a 16-13 vote, was introduced by Republican State Senator Wendy Rogers…
Cryptocurrency hackers net $360 million in February
February 2023: A Record-Breaking Month for Cryptocurrency Hacks The cryptocurrency market faced a tumultuous beginning to the year as hackers successfully executed 21 attacks, resulting in staggering losses totaling over $360 million. This represents a near-doubling of the amount stolen in the preceding month of January. Playdapp’s Devastating Breach: $290 Million Losses Among the most…
Bitcoin miner HUT 8 shuts down mining site due to high energy costs
HUT 8 Announces Immediate Closure of bitcoin Mining Facility in Drumheller, Alberta: Surging Energy Costs and Power Disruptions Force Restructuring HUT 8 Mining Corp., a prominent player in the bitcoin mining industry, has recently announced the closure of its mining facility situated in Drumheller, Alberta, Canada, effective immediately (news-release/2024/03/06/2841217/0/en/Hut-8-Streamlines-Operations-with-Closure-of-Drumheller-Site.html” rel=”nofollow noopener” target=”_blank”>globenewswire.com). The company attributed…
Solana memecoin Dogwifhat experiences a 48% surge
A Remarkable Surge for solana’s Memetic token, Dogwifhat (WIF): Over $2 Billion Market Capitalization In the dynamic world of cryptocurrency, a memorable event has taken place as solana’s meme coin, Dogwifhat (WIF), has witnessed an impressive 48% surge over the past 24 hours. This growth propelled the trading value of Dogwifhat above $2.11 early on…
Revolut and MetaMask Collaborate to Simplify Crypto Transactions for Users
Revolut’s Game-Changing Partnership with MetaMask: Streamlining Crypto Transactions for Enhanced User Experience In a groundbreaking development aimed at enhancing Website user experience in the crypto space, digital banking giant Revolut has announced an exciting partnership with MetaMask, a leading self-custodial wallet. This collaboration introduces “Revolut Ramp,” a feature designed to simplify the process of adding…
Singapore welcomes Bitstamp into its regulated crypto sphere
bitcoin-etf-approval/” target=”_blank” rel=”noopener”>Bitstamp, a prominent name in the crypto trading world, has recently announced that it has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution within the city-state. This significant milestone represents a pivotal step towards Bitstamp’s objective of providing digital payment token services in Singapore…
John Deaton launches senate bid with crypto community support
John Deaton, a Prominent Figure in the Cryptocurrency Community, Announces His Candidacy for the US Senate Seat: A New Era of Political Engagement with Digital Assets John Deaton, a well-known advocate for xrp and an influential voice in the cryptocurrency sphere, has recently declared his intention to run for the US Senate seat currently held…
DeFi total value locked(TVL)surpasses $100B mark after nearly two years
The decentralized finance (DeFi) sector has reached a significant milestone, as the total value locked (TVL) in DeFi protocols surpassed $100 billion for the first time in nearly two years, hitting a record high of $101.36 billion on March 5, 2023. This notable achievement is an indicator of the growing momentum and investor engagement within…
Grayscale debuts active crypto-staking income fund
crypto-staking/” target=”_blank” rel=”noopener”>Grayscale, a prominent digital asset management firm, recently unveiled its latest offering: the Grayscale Dynamic Income Fund (GDIF). This groundbreaking fund represents an innovative approach to crypto investing, enabling investors to tap into the potential of cryptocurrency staking. The earnings generated from this activity are planned to be distributed back to investors quarterly…
Restaking Protocol EigenLayer Overtakes Aave in TVL Rankings
Within the Decentralized Finance (DeFi) sector, ethereum staking protocol EigenLayer has outperformed lending protocol aave, claiming the second-largest position by Total Value Locked (TVL) in the DeFi marketplace. With an impressive $10.4 billion worth of crypto assets committed to the protocol, EigenLayer’s recent surge signifies a notable shift in the DeFi hierarchy, sparking intrigue and…
Flash crash on Coinbase sends Bitcoin/Euro tumbling
Title: The Unanticipated Plunge of bitcoin’s Value against the Euro on Coinbase: A Flash Crash Analysis The cryptocurrency market is known for its volatility, and the latest episode involving bitcoin’s value against the euro on Coinbase is a testament to this fact. In a dramatic turn of events, bitcoin took a sudden downturn, plunging 23.7%…
How is Tether triggering stablecoin concerns this time?
Title: tether’s $100 Billion Circulation: A Milestone Amidst Stability Concerns and Competition in the Stablecoin Market tether (usdt), a leading stablecoin, has recently reached an impressive milestone by amassing a circulation of over $100 billion. This achievement has drawn significant attention to the rapid expansion of stablecoins globally and ignited a blend of excitement and…
Mox Bank Spearheads Cryptocurrency Integration in Hong Kong’s Financial Sector
In an ambitious and trailblazing move that marks a significant evolution in the financial landscape of Hong Kong, Mox Bank is set to introduce cryptocurrency investment services and bitcoin Exchange-Traded Fund (ETF) solutions. This groundbreaking announcement not only underscores the bank’s innovative approach to banking but also aligns with the global momentum towards the adoption…
Exciting Addition to Xbox Game Pass: Warhammer 40,000: Boltgun
In an exhilarating turn of events for Xbox Game Pass subscribers, the long-awaited Warhammer 40,000: Boltgun has been officially added to both console and PC platforms. This exciting announcement has sent waves of excitement among the gaming community as they eagerly anticipate delving into the action-packed universe of Warhammer 40,000. Accessible on Xbox Series X|S,…
Season 2 Reloaded of Call of Duty: Modern Warfare 3 Brings Exciting Updates
The hotly anticipated Season 2 Reloaded update for Call of Duty: Modern Warfare 3, due in the near future, brings a plethora of exciting new content to revitalize the gaming experience for players. This update promises to deliver on several fronts, from resurrecting a cherished map to introducing innovative weapons and keyboards modes. Revisiting the…
Shiba Inu tops $1.7 billion on Coinbase despite price drop
During the early hours of Tuesday, Shiba Inu (shib) tokens underwent a significant price drop of approximately 50% on the major U.S. cryptocurrency exchange, Coinbase. This steep decline caused shib prices to plummet from $0.000044 to a low of $0.000022 before eventually reverting back to their normal levels. Distinctive anomaly in the midst of market…
Shiba Inu surges 52%: Whale moves $41 million SHIB
The Remarkable Price Surge of Shiba Inu (shib) and a Gargantuan Transaction: Shiba Inu (shib), the popular digital asset, has witnessed an extraordinary price surge, with a notable transaction involving a mysterious entity adding fuel to the hype. According to on-chain data, a previously unknown account has transferred an astounding 1.25 trillion shib, equivalent to…
Bitcoin ETFs on the horizon for South Korea as BTC nears peak
South Korea’s Presidential Office Urges Evaluation of Allowing Spot bitcoin (btc) Exchange-Traded Funds (ETFs) The Office of the President of South Korea has recently urged the country’s financial watchdog, the Financial Services Commission (FSC), to evaluate the prospect of allowing spot bitcoin Exchange-Traded Funds (ETFs) for trading within the nation. This call for reconsideration comes…
Terraform Labs defends legal spending against SEC claims
Terraform Labs and its founder, Do Kwon, are currently locked in a legal performance with the United States Securities and Exchange Commission (SEC) over the collapse of terra in May 2022. The SEC has filed a lawsuit against Terraform Labs, accusing the company of misappropriating funds that were meant for legal defenses. The regulator argues…