Metaplanet, a prominent Bitcoin holder listed on the Tokyo Stock Exchange, has intensified its commitment to cryptocurrency by acquiring an additional 108.786 Bitcoin for a staggering 1 billion yen, which translates to roughly $6.7 million. This recent purchase underscores the company’s positive outlook on Bitcoin, often earning comparisons to MicroStrategy, a notable player in the
Crypto
On the morning of October 7, 2023, the cryptocurrency market experienced a surprising shockwave as Bitget’s BGB token plummeted by nearly 50% in value. The price nosedived from $1.14 to approximately $0.64, prompting immediate concern among investors and traders. This sudden drop, characterized as extreme volatility, raised questions about the stability of the Bitget platform
Wrapped Bitcoin (WBTC) represents a significant innovation in the cryptocurrency ecosystem, serving as a bridge that connects Bitcoin’s value to decentralized finance (DeFi) applications on other prominent blockchains like Ethereum and Solana. Developed collaboratively by BitGo, Kyber Network, and Ren, WBTC maintains a 1:1 peg to Bitcoin, enabling seamless transactions across various platforms. Despite its
The cybersecurity landscape is notorious for its unpredictability, and the third quarter of 2024 exemplifies this tension. Although only 28 hacking incidents were reported, marking the lowest volume in three years, the total monetary loss of $463.6 million raises red flags. This decline in the frequency of hacks may appear promising at first glance, but
On October 2nd, Taiwan’s Financial Supervisory Commission (FSC) made significant strides in its regulatory framework by introducing updated Anti-Money Laundering (AML) guidelines aimed specifically at virtual asset service providers (VASPs). These measures underscore Taiwan’s commitment to enhancing the oversight of the rapidly evolving cryptocurrency sector, which has garnered both enthusiasm and skepticism from investors and
The US spot Bitcoin ETFs appear to have hit a turbulent patch lately, experiencing a significant reverse from a previously explosive growth in net inflows. Last week had started on a high note, with Bitcoin ETFs enjoying a remarkable influx of over $1.1 billion in net inflows over just five trading days. This surge had
In an astonishing development within the realm of non-fungible tokens (NFTs), a CryptoPunk NFT recently sold for an extraordinary $56.3 million, generating significant media attention and provocation among crypto enthusiasts and skeptics alike. The NFT in question, known as Punk 1563, features a pixelated woman with distinctive dark hair and blue eyes. This sale price
In a dynamic day for the cryptocurrency landscape, Bitcoin has once again demonstrated its powerful presence by rallying past the $62,000 mark. This establishment above a significant psychological threshold not only signals confidence among buyers but has also paved the way for altcoin recovery. Many marginally-capitalized altcoins have capitalized on this resurgence, with one emerging
A recent survey conducted by ConsenSys and HarrisX has unveiled an unexpected yet significant relationship between U.S. voters and their attitudes towards cryptocurrency. Nearly half of those surveyed—49%—expressed that a candidate’s pro-crypto beliefs are pivotal in their voting decisions. Importantly, the desire for crypto-friendly policies isn’t confined to a single political affiliation; an impressive 62%
In the rapidly evolving landscape of Non-Fungible Tokens (NFTs), OpenSea has emerged as a major player since its inception. However, recent developments suggest that this once-prominent marketplace is now grappling with a multitude of challenges that have significantly impacted its operations. The past few months have seen a noticeable decline in user engagement on the