Mt. Gox Moves $353M in Bitcoin Amid Market Calm

Mt. Gox moves $353M

A wallet tied to the defunct cryptocurrency exchange Mt. Gox moved 6,620 BTC worth approximately $352.7 million to an unknown address, according to Arkham Intelligence. The transaction occurred about seven hours before press time, following a much larger $2.8 billion Bitcoin transfer earlier this week. Despite the significant movement, Bitcoin’s price remained stable, trading between […]

Pudgy Penguins Soar to $62K High

Pudgy Penguins Soar

Ethereum-based NFT collection Pudgy Penguins has seen a dramatic price surge, with its floor price climbing over 40% this week to reach a new all-time high of $62,000. This milestone coincides with Bitcoin’s historic breakthrough above $100,000, which has sparked renewed enthusiasm across the broader crypto market. The 8,888-piece NFT collection, featuring adorable penguin-themed profile […]

Trump Claims Credit for Bitcoin’s $100K Milestone

Trump claims credit

President-elect Donald Trump took to Truth Social on Wednesday to celebrate Bitcoin’s groundbreaking surge past $100,000, claiming partial credit for the milestone. “Congratulations Bitcoiners,” Trump wrote. “$100,000!!! You’re welcome!!! Together, we will make America great again!” The comment comes as Bitcoin soared to $103,679 late Wednesday, marking its highest price ever. The milestone follows a […]

Putin Says Bitcoin ‘Cannot Be Banned’

Putin says Bitcoin

In his most direct comments on cryptocurrency to date, Russian President Vladimir Putin stated Wednesday that Bitcoin “cannot be banned,” emphasizing its role as an unstoppable new technology. Speaking at a forum in Moscow, Putin highlighted Bitcoin as an example of a payment instrument that cannot be suppressed, even amid international sanctions against Russia. “Processes […]

Coinbase CEO Cuts Ties Over SEC Hiring

Coinbase CEO cuts ties

Coinbase CEO Brian Armstrong has made a bold move, announcing that the cryptocurrency exchange has cut ties with law firms employing former U.S. Securities and Exchange Commission (SEC) officials. Armstrong accuses these individuals of orchestrating a campaign to “unlawfully kill” the crypto industry. In a statement on X (formerly Twitter) on Monday, Armstrong clarified Coinbase’s […]

Saylor Urges Microsoft to Adopt Bitcoin

Saylor Urges Microsoft

MicroStrategy co-founder Michael Saylor has proposed a transformative Bitcoin adoption strategy to Microsoft’s board of directors, claiming it could generate nearly $5 trillion in shareholder value by 2034. Speaking at Microsoft’s December 2024 shareholder meeting, Saylor outlined how leveraging Bitcoin in corporate treasury management could significantly enhance the tech giant’s financial performance. Currently trading at […]

Boyaa Converts $50M Ethereum to Bitcoin

Boyaa converts $50M Ethereum

Hong Kong-based gaming company Boyaa Interactive has swapped its Ethereum holdings for Bitcoin, investing nearly $50 million as the cryptocurrency approaches the $100,000 milestone. The firm converted 14,200 Ethereum (ETH) for approximately 515 Bitcoin (BTC) between November 19 and 28, the company announced Friday. Boyaa’s recent acquisition brings its total Bitcoin holdings to 3,183 BTC, […]

Hong Kong Eyes Tax-Free Crypto Gains

Tax-free crypto gains

Hong Kong is advancing its position as a global financial hub by proposing tax exemptions for investment gains on cryptocurrencies and other assets. The Financial Services and the Treasury Bureau outlined the plan in a consultation paper, which seeks to extend capital gains tax exemptions to sophisticated investors, including private funds and family office vehicles. […]