In an unprecedented move, Altvest Capital Limited has positioned itself as the first publicly traded company in Africa to embrace Bitcoin as a strategic treasury asset. This significant investment marks a shift in financial strategy, signaling a growing acceptance of digital currencies within traditional markets. Altvest’s decision to include Bitcoin in its treasury management framework
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In a shocking development, ByBit, a prominent cryptocurrency exchange, has fallen victim to one of the most significant hacks in the history of digital finance. The breach, which occurred on February 21, 2023, resulted in the theft of a staggering 401,346.76 Ethereum (ETH), valued at approximately $1 billion. Analysts estimate that the total amount compromised,
The aftermath of FTX’s bankruptcy has triggered a chaotic scramble for reimbursement among its vast array of creditors, with representatives, like Sunil Kavuri from the FTX Creditors’ group, advocating for those left in financial limbo. As the exchange dissects its liabilities, it must navigate a tangled web of international laws and regulations, especially concerning creditors
In recent months, a notable surge in interest surrounding the creation of the first spot XRP exchange-traded fund (ETF) in the United States has captured the attention of both investors and regulators alike. Several prominent entities, including Grayscale, Bitwise, and 21Shares, are vying to pioneer this investment vehicle. These firms have submitted their ETF applications
Recently, Coinbase reached an agreement with the staff of the U.S. Securities and Exchange Commission (SEC) to resolve the ongoing enforcement case against the cryptocurrency exchange. This pivotal development has reignited interest in Bitcoin, pushing its price back above $99,000. For years, the resolution of regulatory uncertainties surrounding cryptocurrency has been a contentious issue, influencing
Ben Zhou, the CEO of Bybit, has come forward with a forceful stance against Pi Network, labeling it a scam and making it clear that his exchange will not be listing its token. This declaration is not just a casual remark; it reflects a broader concern regarding the methodology and legitimacy of Pi Network itself,
Metaplanet, a Japanese investment firm, has made headlines recently with the announcement of its robust Bitcoin portfolio, now totaling 2,100 BTC valued at approximately $196 million. This marks a significant financial milestone, demonstrating a strategic commitment to cryptocurrency as a key asset. The firm’s latest acquisition of 68.59 BTC for $6.6 million at an average
As we advance further into the year, the cryptocurrency market continues to navigate the complexities of value fluctuations, particularly concerning Bitcoin. Since early February, Bitcoin has remained entrenched in a consolidation pattern, hovering below the psychologically significant threshold of $100,000. This stagnation tends to raise eyebrows among investors, some of whom are questioning whether enthusiasm
Brazil has recently etched its name into the annals of cryptocurrency history by becoming the first nation to approve a spot XRP exchange-traded fund (ETF). This groundbreaking decision, facilitated by the Brazilian Securities and Exchange Commission (CVM), marks a significant step towards mainstream adoption of digital assets. The fund, managed by the investment firm Hashdex,
Born in Edo State, Nigeria, I am Godspower Owie, a person deeply influenced by the love and guidance of my family. Growing up alongside three siblings—who served as both mentors and inspirations for me—I learned essential life lessons that shaped my worldview. The unwavering support of my parents has been the cornerstone of my development;
