Nasdaq-listed Microstrategy acquired 12,222 bitcoins in the second quarter, bringing its total holdings to 226,500 BTC. CEO Phong Le and CFO Andrew Kang expressed optimism about future bitcoin support and emphasized the company’s financial strategies. Despite net losses, Microstrategy remains committed to its bitcoin strategy. Microstrategy Expands Bitcoin Holdings Microstrategy Inc. (Nasdaq: MSTR) reported its […]

This week’s Crypto Biz explores Tether’s profit record, bank-linked crypto trading in the United Arab Emirates, Polymarket’s growth amid US elections, and Coinbase custodian arm.

TL;DR Rebranding to Sonic Labs: Fantom, a DAG protocol, has transformed into Sonic Labs. The project’s official page now bears the name “Sonic Labs,” signaling a fresh direction. Sonic Labs will focus on developing decentralized applications (DApps) within the Sonic ecosystem. Sonic’s Impressive Features: Sonic, touted as the fastest EVM, operates as a Layer-1 platform […]

TL;DR Balancing Needs: Vitalik Buterin emphasized the importance of making Ethereum accessible to both newcomers and experienced users while maintaining its core values. Challenge of Accessibility: Developers face the challenge of appealing to users of varying skill levels without relying on centralized infrastructure. Buterin stressed the importance of creating applications. Cross-Chain Interoperability: Buterin urged developers to reduce friction […]

Today, the market saw a widespread de­cline, marked by major tokens plumme­ting in value. Amidst this downturn, Interne­t Computer (ICP) and Algotech (ALGT) stood out for their resilie­nce, defying the ne­gative trend. In contrast, Polygon (MATIC), repre­senting the Polygon network, face­d substantial downward pressure. The re­cent downturn in the broader crypto market is linked to […]

Crypto mogul Mike Novogratz has highlighted a a report that focuses on key trends in cryptocurrency mining

In a significant move among major Wall Street banks, Morgan Stanley will soon allow its financial advisors to offer Bitcoin ETFs to certain clients, CNBC reports. Starting Wednesday, the firm’s 15,000 advisors can pitch BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund to eligible clients. BREAKING: Morgan Stanley tells wealth advisors they can pitch […]

JPMorgan Chase is reportedly changing its forecast for incoming rate cuts from the Federal Reserve as fears that the US is heading toward a recession grip global markets. A series of weaker-than-expected reports on the US economy, including a bleak jobs report, triggered a stock market retreat on Friday. Amid growing fears that the US […]

Solana’s price experienced an 18% drop over several days, followed by a partial recovery of 4.5%. SEC regulatory uncertainty and Solana’s outperformance over Ethereum in fee revenue and MEV likely drive the price fluctuations. There’s significant volatility in the market as some altcoins lose heavily while others gain, with substantial liquidations totalling US$284.60 million. Solana […]

Ripple has announced the allocation of US$10M into tokenised US T-bills on the XRPL network. TBILL tokens are backed by short-term US T-bills and reverse repurchase agreements. Purchasers will be able to mint TBILL tokens via Stablecoins, including Ripple USD, which is due to launch later this year. This is the first time a traditional […]

Do Kwon, the co-founder of the bankrupt Terraform Labs, will be extradited to South Korea, a Montenegro appeals court ordered yesterday (Thursday), rejecting the United States’ bid. However, it remains unclear when he will be sent to his home country. The Fate of Do Kwon The latest order came after months of legal tussle between […]

Over 4000 students received $5.42 worth of Ckbtc, the so-called bitcoin twin, to use at campus cafes, restaurants, and copy shops.

Polygon (MATIC) recently broke below the crucial support level at $0.5 and is at risk of further price declines. This price drop is thanks to several traders who offloaded their tokens as soon as Polygon reached this support level amid the downtrend in the broader crypto market. Polygon Faces Significant Selling Pressure The Exchange-Onchain Market […]

The valuation assumes continued aggressive Bitcoin buying by MicroStrategy.

The U.S. Department of Justice (DOJ) has initiated a Corporate Whistleblower Awards Pilot Program to encourage reporting of corporate criminal activities. This three-year program targets financial institutions, including cryptocurrency businesses, to enhance the detection and prosecution of corporate crimes. Whistleblowers who provide non-public information leading to forfeitures over $1 million are eligible for awards. DOJ […]

TL;DR Input Output launched the alpha v1 release of the partner chains toolkit for Cardano to enhance network security by leveraging stake pool operators (SPOs). Despite the disclosure, Cardano’s native token ADA remained around $0.38, with no significant price change. The Alpha V1 Release Input Output – a technology company responsible for the research and […]

Bitwise CIO Matt Hougan has explained why Bitcoin has value

Multisig is a familiar concept for most in Bitcoin: a multisig transaction requires approval from multiple parties before it can be executed. We distinguish between “n-of-n” multi-signatures, where the number of involved parties is n, and they all need to approve, and “t-of-n” threshold signatures, where only a smaller number t of participants need to […]

TL;DR Peter Schiff predicts that MicroStrategy and BlackRock could be forced to sell their Bitcoin holdings. MicroStrategy holds about 226,500 BTC, while BlackRock’s IBIT ETF holds about 343,387 BTC. The sale of such large amounts of BTC could cause a significant drop in its price, similar to that seen when Germany sold a $3 billion […]

The cryptocurrency market has been buzzing with notable movements among top altcoins, notably Litecoin (LTC), Injective (INJ), and the viral DTX Exchange (DTX). As Litecoin (LTC) shows signs of a slump and Injective (INJ) gains market attention with its Altaris upgrade, DTX Exchange is smashing all presale records with its current rally, selling 1 million […]

Bybit, one of the top cryptocurrency exchanges in terms of trading volume, announced yesterday (Thursday) that it will terminate its products and services for French nationals and residents. The exchange cited “recent regulatory developments” in the country behind its decision. Close-Only to Liquidation The official announcement detailed that the exchange will restrict the accounts of […]

In a crypto bull market like the one we find ourselves in, it can be difficult to discern which asset is best for your portfolio.

The AMF is giving firms registered under its current DASP rules ample time to transition, too.

Notcoin has announced the launch of NOT Games, with Lost Dogs, The Way, being the first of the bunch. Players will embark on dog-themed quests and earn in-game tokens as rewards. They can also join communities and invite users to play and win. Lost Dogs marks the beginning of a different gameplay mechanic with new […]

Recently, a massive transaction shook the digital currency ecosystem. A prominent whale transferred 400 billion PEPE tokens—worth about $4.22 million—to Binance. Strategically timed among the general negative market mood, this move seems to be a deliberate one for partial profit booking. The whale’s behavior corresponds to the breach of a critical support level around $0.00001075, […]

Anatoly Aksakov, chairman of the Financial Market Committee of the State Duma, the Russian equivalent to the U.S. House of Representatives, has predicted that bitcoin and digital ruble exchanges will become a reality in the coming years. Aksakov also foresees the need for digital ruble-based P2P markets to serve this goal in the future. Russians […]

Crypto market quite chaotic, with numerous assets falling

Bitcoin’s recent price action has been a rollercoaster of highs and lows. However, even though bitcoin has set a new all-time high and had two years of a near-constant positive trajectory, we’re yet to see a consistent influx of retail investors. The potential for a surge in retail participation and the possibility of elevating the […]

Ethereum derivatives metrics show increased activity, indicating higher interest but not necessarily a bullish trend.

MicroStrategy, the world’s largest public Bitcoin holder, has announced plans to raise up to $2 billion through the sale of its class A shares. The company made this revelation in a regulatory filing with the U.S. Securities and Exchange Commission on August 1. Details From the Filing MicroStrategy has not disclosed the specific timeline for […]

With six months remaining before the European MiCA Regulation’s provisions on crypto-asset services take effect, the Autorité des Marchés Financiers (AMF) has begun accepting applications for authorization to operate as a crypto-asset service provider. This authorization will be required from 1 July 2024. MiCA Regulation Requires Authorization The European MiCA Regulation will come into force […]

As technological advancements continue to reshape the financial landscape, the intersection of next-generation artificial intelligence (AI) and …