Metaplanet recently made a significant investment in bitcoin, purchasing approximately $3.3 million worth of the cryptocurrency. This move is part of the Japanese investment firm’s broader strategy to expand its bitcoin holdings. With the latest purchase, Metaplanet now possesses a total of 303.095 BTC acquired for $20 million. Earlier this month, Metaplanet Inc. announced securing
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Following a recent $235 million hack, Indian crypto exchange WazirX has taken a significant step to safeguard its remaining assets. The exchange announced on Aug. 14 that it would be terminating its asset custody arrangement with Liminal and moving assets to new multi-signature wallets. This decision comes in response to the breach and aims to
The recent settlement of $1.76 million between Binance and the Brazilian securities regulator, Comissão de Valores Mobiliários (CVM), brings an end to a year-long investigation into the exchange’s activities in the country. The crackdown began in July 2020, when the CVM ordered Binance to cease its unauthorized derivatives trading activities in Brazil. Despite warnings and
In a groundbreaking move, the Singapore-based cryptocurrency exchange Crypto.com has solidified a historic partnership with the Union of European Football Associations (UEFA) Champions League. The announcement marks a significant milestone as Crypto.com becomes the official global sponsor of the prestigious football competition, establishing itself as the first and exclusive crypto platform partner. On August 14,
Core Scientific, a Bitcoin mining company based in Texas, has recently priced an increased offering of $400 million in 3.00% convertible senior notes due in 2029. The initial offering size was $350 million but has been upsized due to favorable market conditions. These notes will be settled on August 19, 2024, and will be issued
Australia’s Securities and Investments Commission (ASIC) recently filed a lawsuit against the Australia Securities Exchange (ASX) Ltd., accusing it of making misleading statements regarding its blockchain trade settlement project. ASIC claims that ASX falsely stated that the project was on track for an April 2023 launch and was progressing when, in reality, it was not
It has been nearly two years since Bitcoin reached the $20,000 mark, causing many to speculate that it may never return to this level. However, one analyst has a different viewpoint, suggesting that a drop back to $20,000 is not a matter of if, but when. This analyst, known as “Without Worries”, has recently shared
Amidst the current downturn in the market cycle, investor sentiment in the digital asset market remains uncertain. Glassnode’s analysis reveals clear signs of a resurgence in HODLing and accumulation despite the prevailing market conditions. Following bitcoin’s all-time high in March, there was a phase of supply distribution across wallets of varying sizes. However, in recent
Ethereum’s Layer 2 ecosystem has been experiencing a surge in activity, with daily transaction volumes hitting an all-time high. According to recent data, the ecosystem saw a record 12.42 million transactions on August 12, showcasing the scalability and growing user engagement of these networks. Leon Waidmann, head of research at the Onchain Foundation, highlighted the
Bitcoin’s price surged by nearly $2,000 in just one day, driven by the release of better-than-expected core PPI numbers in the United States. The leading cryptocurrency experienced a positive end to the previous business week, reaching almost $63,000 on Friday. This marked a significant recovery of over $13,000 since its drop to a 6-month low
