Bitcoin surged to $98,000 over Thanksgiving, fuelled by Michael Saylor’s presentation to Microsoft, advocating BTC adoption. In an unprecedented move, Microsoft’s shareholders are set to vote on December 10 on whether the tech giant should add Bitcoin to its balance sheet. If approved, this could be a groundbreaking step for
A Japanese firm popular for BTC acquisition, Metaplanet is planning to reward its shareholders with Bitcoins worth 30 million yen in collaboration with Japan crypto exchange SBI VC Trade. Metaplanet is often called Japan’s Microstrategy, referring to its Bitcoin acquisition similar to Microstrategy. 【SBI VCトレード×METAPLANET】総額3,000万円相当分のBTCプレゼントキャンペーン🎁 当社とメタプラネット(@Metaplanet_JP… pic.twitter.com/bhlHxPZ3Hm — SBI VC
The largest cryptocurrency, Bitcoin (BTC), has registered a gain of over 37% in November. This notable surge and the entire crypto market rally followed Donald Trump’s victory in the US presidential elections. BTC brought in an anticipation of hitting the long-term goal, trading at $99K a few days back, hitting
A prominent crypto exchange platform in Japan, DMM Bitcoin is liquidating its assets through SBI Group. The exchange will completely cease its operations after the liquidation. The liquidation is caused by a $320 million fraud which occurred in May, 2024 and affected over 450,000 accounts of DMM Bitcoin. As per
As investors step gingerly into December expecting a modest price dip, the crypto market has held on to its bull run so far. In addition, it has also wavered off the weekend slump with fresh activity in the past day. On the regulatory end, the SEC has filed a new
Stablecoins, which have a present market valuation of less than $200 billion, are a negligible part of the world’s monetary transactions, accounting for less than one percent of the US currency supply and FX operations. Nevertheless, according to a report that was co-authored by Standard Chartered and Zodia Markets, there
US authorities have sued investment firm Touzi Capital, claiming the company misled investors over the fund’s profitability and liquidity of its cryptocurrency asset mining fund. The US Securities and Exchange Commission (SEC) released a statement on November 29 alleging that Touzi Capital raised about $95 million from more than 1,200
Operation Chokepoint 2.0 is a government-run debanking campaign targeting the cryptocurrency sector, as per David Schwartz, chief technical officer of Ripple, is among the industry executives who have spoken out against it. According to Schwartz, the government is “addicted to indirect regulation.” And de-banking causes the rule of law to
South Korea’s Democratic Party has agreed to postpone the implementation of the country’s cryptocurrency gains tax for another two years, reversing its previous position on the matter. Korea Democratic Party (KDP) floor leader Park Chan-dae revealed on December 1st that the KDP has agreed to a two-year suspension on the
On the last day of the month, the crypto market showed mild activity as leading currencies crawled towards higher levels. However, they have remained bullish, as indicated by the 0.92% increase in the overall market cap. Meanwhile, Justin Sun’s eating the banana he purchased for $6.2 million caused a frenzy.
