Sun, January 26

Will Michael Saylor Bring Bitcoin to Microsoft’s Balance Sheet?

Microsoft plans to assess and incorporate Bitcoin into its balance sheet. This decision aligns with the shareholders preparing to vote on a proposal in December, coinciding with an upcoming presentation by Michael Saylor, Executive Chairman of MicroStrategy, to Microsoft’s board of directors. During a November 19 X Spaces session hosted

November 20, 2024 2 mins read

Stablecoins Hit Record High Supply Hinting Further Bullish Momentum

With a total supply of almost $176.2 billion, stablecoins are at an all-time high. Token Terminal data shows that stablecoin supply has been rising again after a dip in the middle of 2022 and the beginning of 2023. When it probably reflected wider market retracements during the crypto winter. There

November 19, 2024 2 mins read

Brazil’s CBDC Pilot Enters Phase 2, Leveraging Blockchain and Oracles

To enhance supply chain procedures and cross-border agricultural commodity transactions, the second phase of the Drex central bank digital currency (CBDC) pilot was established by Brazil’s central bank, Banco Central do Brasil (BCB). Moreover, in the second stage, it will employ blockchain and oracles to create a trade financing solution.

November 19, 2024 2 mins read

Bitfinex Securities Launches Tokenized US Treasury Bills

Tokenized US Treasury bills (T-bills) are making their debut in a tokenized public offering within El Salvador’s legal framework, thanks to Bitfinex Securities, a digital securities exchange and sister business of stablecoin issuer Tether. The offering includes the issuance of a new token by NexBridge Digital Financial Solutions, a digital

November 19, 2024 2 mins read

Binance Clarifies BFUSD Is Not a Stablecoin and Remains Unlaunched

Binance’s announcement of a new asset, BFUSD, has sparked intense discussions in the crypto community. Although the platform advertised BFUSD as a high-yield margin asset with a 19.55% annual percentage yield (APY), many initially mistook it for a stablecoin due to its name and promotional comparisons to similar assets. Binance

November 19, 2024 2 mins read

Lido DAO Participants Can Be Held Liable Declares US Court

A U.S. District Court judge has classified Lido DAO as a general partnership, setting a new precedent for decentralized organizations (DAOs). The ruling, issued on November 18, 2024, by Judge Vince Chhabria of the Northern District of California, means that participants in Lido DAO can be held liable for the

November 19, 2024 1 min read

California’s Federal Judge Blocks Kraken’s Appeal in SEC Case

A California federal judge has rejected the crypto exchange’s request for an interlocutory appeal in its ongoing case with the U.S. Securities and Exchange Commission (SEC). Judge William Orrick issued the ruling on November 18, emphasizing that an appeal would only delay resolution without advancing the case. The SEC filed

November 19, 2024 2 mins read

Genius Group Strengthens Reserves with $10M Strategic Bitcoin Acquisition

Genius Group Limited, a publicly traded firm, has acquired 110 Bitcoin, valued at $10 million, with an average acquisition price of $90,932 per BTC. This purchase aligns with the company’s “Bitcoin-first” treasury initiative. It aims to allocate 90% and above of its reserves to Bitcoin, and the firm has a

November 19, 2024 2 mins read

Polter Finance Exploiter Moves 120 ETH to Tornado Cash

PeckShield reported that an address linked to the Polter Finance exploiter transferred 120 ETH to Tornado Cash, a privacy tool commonly used to obscure blockchain transactions. Polter Finance, a decentralized non-custodial lending and borrowing platform, recently suffered a devastating hack, resulting in approximately $8.7 million in crypto losses. The incident

November 19, 2024 2 mins read

Trump’s Media and Tech Firm Prepares to Buy Crypto Platform Bakkt

Bitcoin bulls appear to have docked at $91K in the past day before moving forward. Other cryptocurrencies have also shown minimal growth over the last 24 hours. Subsequently, the crypto spotlight was taken by the regulatory landscape with new speculation on the next SEC chair. Notably, on that front, pro-crypto

November 19, 2024 2 mins read
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