In a remarkable move, MicroStrategy, the largest corporate holder of Bitcoin, has once again demonstrated its commitment to cryptocurrency investments by allocating an additional $209 million to acquire 2,136 BTC. This marks their eighth consecutive purchase on a Monday, further bolstering an already impressive portfolio that now exceeds 446,000 BTC. Such an aggressive accumulation phase
Crypto
As 2024 draws to a close, the anticipated Santa Claus rally that many hoped would inject vitality into the cryptocurrency market is nowhere to be found. Instead, Bitcoin has fallen sharply, dropping below the $94,000 mark. In tandem, many altcoins are also experiencing significant losses, casting a gloomy shadow over the crypto landscape as the
The realm of decentralized finance (DeFi) has undergone significant transformation in recent years, with a particular emphasis on the real-world asset (RWA) sector. Over the past three years, this segment has seen an astonishing growth trajectory, expanding its valuation by 58 times. Such robust growth not only highlights the increasing interest in RWAs but also
South Korea, often seen as a tech-savvy nation, has recently witnessed a remarkable acceleration in cryptocurrency adoption, marking a significant chapter in the global digital asset landscape. This phenomenon stems from various factors including favorable market conditions, changing regulatory frameworks, and a growing awareness amongst the populace regarding digital currencies. A substantial number of South
In a heartwarming yet poignant tale emerging from the world of cryptocurrency, Siqi Chen, the CEO of a financial startup named Runway, has announced a monumental pledge of $1 million earmarked for research into a rare type of brain tumor that his daughter Mira is courageously fighting. This initiative was unexpectedly bolstered by a surge
As the weekend unfolds, Bitcoin’s trading volumes continue to experience a noticeable decline, reflecting a period of stagnation for the leading cryptocurrency. The lack of significant price movement over the last day highlights a concerning trend for traders and investors alike. Since the turbulent correction that occurred last week, Bitcoin has struggled to regain its
The year 2024 has been nothing short of a rollercoaster for XRP, Ripple’s native cryptocurrency. Following a highly anticipated and controversial U.S. presidential election, the cryptocurrency market witnessed a surge, with some assets thriving more than others. Against this backdrop, XRP experienced significant fluctuations in its value. Initially, it languished below the $0.60 mark. However,
Animoca Brands, a notable player in the blockchain gaming scene, recently fell victim to a significant cybersecurity breach that left its co-founder and chair, Yat Siu, grappling with the aftermath. A malicious actor hacked into Siu’s X account, leveraging the platform to promote a fake token associated with the company’s name on the Solana-based Pump.fun.
In an era where the cryptocurrency market is fraught with volatility and uncertainty, the acquisition of distressed exchanges by established firms speaks volumes about the evolving landscape of digital finance. A striking example of this trend is the recent agreement between SBI VC Trade and DMM Bitcoin, a deal set to finalize on March 8,
In recent years, Bitcoin has transcended its status as a mere digital currency and has increasingly emerged as a significant asset in the realm of international politics. Governments around the world are actively strategizing how to incorporate Bitcoin into their national reserves, a move that holds the potential to alter global economic dynamics and enhance