Day: October 25, 2024

Microsoft Shareholders to Vote on Bitcoin Investment Proposal

Microsoft (NASDAQ: MSFT) has included Bitcoin on the agenda for its annual shareholders meeting set for December 9, according to a filing with the Securities and Exchange Commission (SEC) on Thursday. Shareholders will vote on a range of items, including a proposal titled “Assessment of investing in Bitcoin.” However, Microsoft’s board is urging shareholders to […]

Improbable Unveils Somnia Blockchain, Claims 400K TPS

Improbable, a gaming technology startup, has announced Somnia. Its own layer 1 blockchain designed to handle over 400,000 transactions per second (TPS). The EVM-compatible blockchain is set to launch in devnet in the coming weeks and aims to drive mass consumer applications across gaming, social platforms, and decentralized finance (DeFi). Cracking the Blockchain Scalability Problem […]

Balance Gains Custodian Status, Aims to Repatriate

Balance, Canada’s long-standing crypto custodian, has achieved qualified custodian status. With CEO George Bordianu calling for Canada’s crypto ETFs to shift their holdings back to domestic custody. Currently, crypto assets backing ETFs by firms like 3iQ, Purpose Investments. And Evolve are primarily stored in U.S. custodial institutions such as Coinbase and Gemini. “We have billions […]

X Empire’s X Token Launch Falls Short, Players Disappointed

The highly anticipated X token from Elon Musk-themed Telegram game X Empire launched on The Open Network (TON) on Thursday, marking one of the year’s major Telegram-based token drops. However, with a launch price far below pre-market expectations and continuing volatility, many players have expressed disappointment in their airdrop rewards. X Token Price Dips Below […]

Ripple Files Cross-Appeal Against SEC in Landmark XRP Case

Ripple Labs has filed a cross-appeal in the U.S. Court of Appeals for the Second Circuit. Pushing back on key elements of a pivotal ruling in its ongoing legal battle with the SEC. This move, announced a week after the SEC filed its own appeal. Adds another chapter to the high-profile case, with major implications […]

Japan’s Metaplanet Adopts “BTC Yield” Metric

Japanese investment firm Metaplanet has taken a page from Michael Saylor’s MicroStrategy playbook, introducing a “BTC Yield” metric to gauge how Bitcoin acquisitions affect shareholder returns. Often referred to as “Asia’s answer to MicroStrategy,” the Tokyo-based firm disclosed on Thursday that it will begin using this metric to evaluate its growing Bitcoin portfolio’s impact on […]