The Japanese investment firm Metaplanet has announced its intention to acquire Bitcoin via a massive stock rights offering valued at $68 million. Following a recent meeting of the Board of Directors, the firm revealed this strategic plan. Which is a big change as it tries to get into the digital
August 6, 2024 2 mins read
On August 5, the decentralized finance (DeFi) protocol Aave showed notable strength amid a severe crypto market plunge. Aave generated $6 million in revenue from decentralized finance liquidations. This spike in revenue is a response to economic events, like the interest rate hike by the Bank of Japan and the
August 6, 2024 2 mins read
The price of Bitcoin recently crashed below $50,000 and widespread fear gripped the cryptocurrency industry. Chairman of MicroStrategy Michael Saylor has joined the crypto community in their cause, saying that he still holds onto his Bitcoins with Diamond hands. Michael Saylor recently tweeted on X and reiterated his intention to
August 6, 2024 1 min read
Financial behemoth JPMorgan claimed that a buy-the-dip opportunity is approaching as the world market collapses across asset classes. There have been a few brief liquidations in the last hour as the price of Bitcoin recovered from its decline below $50,000 and re-broke $54,000. According to the JPMorgan trading desk, the
August 6, 2024 1 min read
Recently, Chainalysis’s “ Operation Spincaster” revealed that over 2000 crypto wallets have been compromised by “approval phishing scams” in Australia. The Australian Federal Police (AFP) is examining the financial losses from these attacks impacting a large number of users. Approval of phishing scams involves deceiving users into authorizing fraudulent transactions.
August 5, 2024 2 mins read
The crypto lending behemoth Genesis Global, which had previously declared bankruptcy, has reportedly transferred $1.5 billion to repay creditors. Noting that the transferred money is held in Bitcoin (BTC) and Ethereum (ETH), the crypto data analytics portal Arkham Intelligence revealed the update. Genesis Global was badly affected by the FTX
August 2, 2024 1 min read
Bybit, a cryptocurrency exchange, has decided to pull out of the French market. French users will be unable to buy any products, create new positions, or edit existing ones beginning August 2 at 8:00 UTC. A press statement from Bybit said that the decision applies to all of their products.
August 2, 2024 1 min read
Terraform Labs’ co-founder, Do Kwon, is about to be extradited to South Korea. A chain reaction of court disputes and opposing extradition demands from the US and South Korea led to this latest turn of events. Now that the Montenegro Appellate Court has given its verdict, Kwon may go back
August 2, 2024 2 mins read
The Bahamas’ Securities Commission has made historic progress in crypto regulation by adopting a new law. The newly enacted DARE (Digital Assets and Registered Exchanges) Act 2024 was formally adopted today by the regulatory authority. While this trend has gone viral throughout the world, the Bahamas is firmly establishing itself
August 1, 2024 1 min read
Launched on the London Stock Exchange (LSE), Fidelity International’s Physical Bitcoin Exchange Traded Product (ETP) is a revolutionary step. Professional investors are taking notice of this as a major development for cryptocurrencies in the UK. This announcement has boosted crypto market players’ confidence amidst a lot of chatter in the
July 31, 2024 2 mins read
